Etiqueta: EU

There may be no more important question for the West’s competitive position in advanced industries than whether China is becoming a rival innovator. While the evidence suggests it hasn’t yet taken the overall lead, it has pulled ahead in certain areas, and in many others Chinese firms will likely equal or surpass Western firms within a decade or so.

China’s Commerce Minister Wang Wentao met with Roberto Vavassori, president of the Italian Association of the automotive industry, in Italy on Saturday to discuss the European Commission (EC)’s tariff against Chinese electric vehicles (EVs) and cooperation between China and Italy in the EV sector, the Ministry of Commerce (MOFCOM) said on Sunday.

With sales valued at more than 15.1 billion euros, Morocco surpassed the 13.6 billion euros generated by China

BYD to buy Hedin Electric Mobility, gaining more control over sales in Germany.

Facts, figures and latest developments.

On August 20, 2024, the European Commission disclosed the draft decision on the anti-subsidy investigation (AS689) against battery electric vehicles (BEV) for passengers originating in China, disclosing that it intends to impose definitive countervailing duties of 17% -36.3% on Chinese exporters (the individual duty rate granted to Tesla is 9%).

Canada, following the lead of the United States and European Union, said on Monday it would impose a 100% tariff on imports of Chinese electric vehicles and announced a 25% tariff on imported steel and aluminum from China.

SAIC Motor Corp.’s harsh treatment by European Union negotiators is becoming a cautionary tale of Chinese companies being ill-equipped to operate in Western busines…

BYD's vehicle sales skyrocketed by 40% in Q2 2024, pushing them past Honda and Nissan to become the 7th largest automaker globally.

BYD’s rapid ascent in the automotive rankings is particularly notable as many leading global automakers, including industry giants like Toyota Motor and Volkswagen Group, experienced declines in the same period