A European Commission probe launched last year concluded that state subsidies for Chinese EV manufacturers were unfairly undercutting European rivals — which Brussels wants to shield as they make the transition from thermal to electric power. The Chinese Chamber of Commerce to the EU slammed the tariffs, coming on top of current import duties of … Read more
By: Bloomberg | Updated on: 04 Jul 2024, 07:01 AM BYD Co. leads in China’s electric-vehicle stocks with a new plug-in hybrid drive system, while competitors like Li Auto Inc., Xpeng Inc., and Nio Inc. … BYD Co. leads in China’s electric-vehicle stocks with a new plug-in hybrid drive system, while competitors like Li Auto … Read more
By: Bloomberg | Updated on: 03 Jul 2024, 09:37 AM The Trudeau government is exploring tariffs on Chinese EVs, seeking feedback on potential rates and impact on affordability. The government intends to … The Trudeau government is exploring tariffs on Chinese EVs, seeking feedback on potential rates and impact on affordability. The government intends to … Read more
Germany’s Economy Minister Robert Habeck said he had been informed by EU Commissioner Valdis Dombrovskis that there would be concrete negotiations on tariffs with China. The confirmation came after China’s commerce ministry said its head Wang Wentao, and Dombrovskis, executive vice president of the European Commission, had agreed to start consultations over the EU’s anti-subsidy … Read more
By: Reuters | Updated on: 22 Jun 2024, 08:10 AM Chinese and Vietnamese electric vehicle sales are booming in Southeast Asia, surpassing traditional ICE car sales dominated by Japanese and Korean com … Chinese and Vietnamese electric vehicle sales are booming in Southeast Asia, surpassing traditional ICE car sales dominated by Japanese and Korean companies. … Read more
By: Bloomberg | Updated on: 20 Jun 2024, 06:37 AM Chinese carmakers demand severe measures, such as a 25% tax on European cars, after EU plans to increase tariffs on China-made EVs by up to 48 per cen … Chinese carmakers demand severe measures, such as a 25% tax on European cars, after EU plans … Read more
By: Bloomberg | Updated on: 18 Jun 2024, 06:24 AM Ferrari NV CEO Benedetto Vigna said the OEM is committed to offering a variety of powertrains, including internal combustion engines and electric mode … Ferrari NV CEO Benedetto Vigna said the OEM is committed to offering a variety of powertrains, including internal combustion engines and … Read more