Etiqueta: Elon Musk

WASHINGTON (Reuters) -The top Democrat on the House of Representatives Appropriations Committee said on Friday that Republicans in Congress were protecting Elon Musk's Chinese investments by scrapping provisions restricting U.S. investments. Representative Rosa DeLauro said in a letter that Musk, CEO of electric car maker Tesla, may have upended the government funding process to remove a provision that would regulate U.S. investments in China given his "extensive investments in China in key sectors and his personal ties with Chinese Communist Party leadership, and calls into question the real reason for Musk’s opposition to the original funding deal."

The Asian giant’s dominance in the green sector has become a headache for the EU: it needs China’s products to meet decarbonization objectives, while simultaneously seeking to protect its industries and avoid becoming dependent on a foreign power

Chinese automaker BYD registered 1,393 new energy vehicles (NEVs) in the UK in November, a 422% surge from a year earlier allowing the company to set a new monthly record in the market.

Tesla dominates premium EV market, while BYD reshapes mid-tier and budget markets with affordability. Despite Tesla's bullish surge, BYD struggles.

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The carmaker's new look is praised as "exciting" but others say it should "go back to the drawing board".

It's now made 10 million EVs and hybrids

Chinese EV giant BYD said on Sunday that the company sold 506,804 new energy passenger vehicles in November, marking a jump of nearly 68% from last year, thanks to a major jump in plug-in hybrid passenger vehicle sales.

The $7,500 tax credit requires EVs to source battery materials outside China. Cutting it could undermine investment in the U.S. battery supply chain.

Uncover the potential impact of Trump's second presidency on China’s electric vehicle and battery industry, according to market participants