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The EU has revised its proposed tariffs on Chinese EVs… but only in the slightest

EU tariffs

A new report states that the European Union has slightly tweaked its proposed tariffs on imported EVs from certain Chinese automakers after those companies divulged more details of their businesses. The tariff cuts are marginal but could offer a shred of hope that the EU is still willing to negotiate said duties before they are imposed next week.

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Polestar (PSNY) is expanding its retail and sales footprint, will enter seven new markets in 2025

Polestar sales

EV automaker Polestar has announced several expansion plans for 2024 and 2025 as its portfolio of all-electric offerings continues to grow and hit new customers. In addition to expanding its own retail footprint, Polestar is deploying new non-agency sales models and has announced seven new markets it will begin selling to next year.

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Germany looks to keep the peace by halting or at least softening incoming tariffs on Chinese EVs

Mercedes-GLC-EV

Just days after the EU Commission determined EVs imported from China have an unfair advantage due to government subsidies and responding with higher tariffs, Germany, one of the region’s largest automotive markets, has spoken against the decision, stating the imposed tariffs could hurt the success of local automakers selling vehicles in China.

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Magna Steyr in discussions with several Chinese automakers to localize EV production in Europe

Magna net zero

Austria-based contract manufacturer Magna Steyr has confirmed that several Chinese OEMs are discussing the possibility of local EV production ahead of further sales in Europe. The decision may be swayed by the looming threat of tariffs Europe may impose on China as several automakers continue to expand to new markets overseas.

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China threatens tariffs up to 25% on imports in retaliation for EU probe, US tariffs on EVs

China tariffs

Ten days after the Biden administration introduced a 100% tariff on on several categories of Chinese goods, including EVs, China has threatened to retaliate with tariffs on its own vehicle imports. Those threats are also targeted at the EU, as China’s Ministry is requesting the results of a recent probe while imploring Europe not to take the same action as the United States.

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Stellantis, Leapmotor officially launch joint venture to sell Chinese EVs in Europe this fall

One week after reporting plans for a press event launching its new joint venture, Stellantis and Leapmotor have officially begun the new business venture together. The new JV, named “Leapmotor International,” will expand to sell Chinese EVs in Europe this fall, with additional markets to follow.

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XPeng (XPEV) launches two EVs in Germany with plans to enter more EU nations later this year

EV tariffs

Chinese EV automaker XPeng Motors is making good on its vow to enter new European markets this year, beginning with Germany. Beginning today, two all-electric XPeng models are available to German customers as the automaker targets an ambitious market share in a land home to several huge names in legacy OEMs and shows no signs of slowing down in its expansion through Europe.

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Ford partners with Allego to bring ultra-fast charging up to 400 kW to dealerships around Europe

Ford charging Europe

Ford and ultra-fast EV charging network Allego have announced a new strategic partnership to deploy chargers in hundreds of dealerships across Europe. EV drivers like those in the new all-electric Ford Explorer will soon be able to access Allego chargers offering rates up to 400 kW.

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