CHINESE EV COMPANIES
Chinese EV manufacturer BYD expands with $1 Billion Turkey factory. Will it threaten Elon Musk's Tesla? Chinese EV manufacturer BYD is building a new factory in Turkey to grow its global footprint amid trade challenges, aiming to strengthen its position in the international electric vehicle market.
11 Jul, 2024, 02.35 AM ISTEU governments hesitant on Chinese EV tariffs as trade spat escalates Germany, whose carmakers made a third of their sales last year in China, wants to stop the tariffs, according to a government source, while France has been among the firmest backers.
04 Jul, 2024, 11.37 AM ISTEU governments waver over Chinese EV tariffs as trade spat escalates EU countries debate supporting tariffs on Chinese electric vehicles in Brussels amid concerns over Beijing's possible retaliation affecting EU exports like cognac and pork.
03 Jul, 2024, 12.01 PM IST- ADVERTISEMENT
US automobile industry threatened by prospects of Chinese EVs entering the country through the Mexican border The US automobile industry has been threatened by the prospects of low-cost Chinese Electric Vehicles (EVs) reaching the country through the Mexican border. The US-Mexico-Canada trade agreement provides for free movement of goods and services betwee...
28 Jun, 2024, 03.51 AM ISTExplained: What happens next in the EU investigation into Chinese EVs? China and the European Commission plan talks to address proposed tariffs on Chinese-made electric vehicles entering the EU, potentially easing tensions. The EU intends to impose provisional duties on these vehicles, ranging from 17.4% to 38.1%, with...
24 Jun, 2024, 09.34 AM ISTWhat happens next in the EU investigation into Chinese EVs? The European Commission plans to impose provisional duties on electric vehicles (EVs) from China, ranging from 17.4% to 38.1%, in addition to the existing 10% tariff. These duties are set to take effect by July 4 as part of an anti-subsidy investiga...
21 Jun, 2024, 05.02 PM ISTThe secret behind Chinese EV industry's rise: $231 billion in 15 years China's EV industry received $231 billion in government subsidies and aid from 2009 to 2022. Support per vehicle decreased, with sales tax exemptions being over half the total. Research suggests EU and US tariff responses. EV quality is improving, c...
21 Jun, 2024, 02.15 PM ISTDiversion ahead? For Chinese EVs, the road may fork out to India The European Union's decision to hike tariffs on cheap electric vehicles made by Chinese companies has sparked concerns about unfair competition and the impact on the global auto sector. The move could lead to a reshuffling of the market dynamics, w...
17 Jun, 2024, 01.49 PM ISTEurope wants affordable electric vehicles from China. But not at the cost of its own auto industry The European Union plans to increase tariffs on Chinese-made electric vehicles due to unfair subsidies. This move aims to address the surge in Chinese EV exports to Europe, posing a threat to EU manufacturers and green tech industries.
13 Jun, 2024, 10.02 AM ISTChinese EVs to be hit with multi-billion-euro tariffs at European Union toll gates The European Union plans to increase tariffs on Chinese electric vehicles to 25%, despite German warnings of a trade war. France and Spain support the move to protect European manufacturers and generate revenue. Currently, the EU imposes a 10% duty ...
12 Jun, 2024, 12.55 PM ISTBYD says to build second EU factory despite EV slowdown, to make hybrid cars Chinese electric vehicle giant BYD is still committed to building a second factory in Europe and will roll out hybrid cars as the EV market slows down, a group executive told AFP. Stella Li, vice president for Europe and the Americas, also shrugged ...
08 Jun, 2024, 02.42 PM ISTChina says it never uses EV subsidies barred by WTO China's Foreign Ministry denies using subsidies banned by the World Trade Organization for electric vehicles (EVs), addressing concerns over its EV industry flooding the U.S. market. Spokesperson Mao Ning stated that China's success in the EV market...
06 Jun, 2024, 02.08 PM ISTUno Minda ties up with Chinese firm for production of EV components Uno Minda has partnered with Suzhou Inovance Automotive Co to manufacture electric vehicle components, including charging control units, inverters, motors, and electric drive systems for passenger and commercial vehicles. The company plans to expand...
05 Jun, 2024, 08.22 PM ISTHow China's EV makers aim to beat Tesla, legacy automakers in Europe Chinese EV titans BYD, Chery and Great Wall Motor (GWM) are preparing a fusillade of product launches - about 20 over the next five years - and spending heavily on sales and marketing in their most important export market.
30 May, 2024, 10.53 AM ISTElon Musk: I'm against tax incentives for EVs "Neither Tesla nor I asked for these tariffs, in fact I was surprised when they were announced", Musk said, referring to such policies recently announced by the United States.
24 May, 2024, 10.36 AM ISTWhile Apple backtracks, a Chinese phone maker has raced ahead Geely Auto and BYD Co., known for knock-offs, are now innovative. Xiaomi Corp., from cheap smartphones, aims to rival Tesla. Apple cancels EV project; Lei Jun leads Xiaomi's $10 billion EV venture.
21 May, 2024, 07.38 PM ISTTesla doing damage-control, discounts for European fleet buyers Tesla faces challenges in Europe as repeated price cuts hurt leasing companies' fleets and slow service alienates corporate customers. Tesla is offering unofficial discounts and addressing service complaints, but struggles with falling resale values...
20 May, 2024, 10.57 AM ISTWill China become the cat among India's EV pigeons? Chinese electric vehicles are causing concern in the US and Europe due to their affordability and efficiency. The US has responded by imposing tariffs on Chinese EVs and lithium-ion batteries. India may now become a target for Chinese EVs. Stellanti...
16 May, 2024, 04.58 PM ISTGlobal car giants seek tech allies in China's cutthroat EV market Struggling foreign automakers in China are looking for help from local tech giants to try to stay competitive in the world's biggest electric car market, where shiny smart screens, assisted driving and sophisticated map technology are in high demand...
08 May, 2024, 10.11 AM ISTChina's EV survival game creates peril -- and power China's electric vehicle market is experiencing fierce competition as new models flood the market, leading to price reductions. Innovative approaches by companies like Hesai and Launch Design are reshaping the industry dynamics and accelerating EV d...
24 Apr, 2024, 09.41 PM IST