Etiqueta: exports

The first phase of BYD's Uzbekistan plant will produce the plug-in hybrid models Song Plus DM-i and Chazor DM-i, with an estimated annual capacity of 50,000 units.

Volvo had previously said it would begin selling the EX30 in the United States later this year, but a spokesperson on Wednesday told Reuters that deliveries will not start until 2025, in part due to the introduction of tariffs of more than 100% on Chinese EV imports by the U.S. government. U.S. President Joe Biden unveiled steep tariff hikes on Chinese imports last month, including over 100% on EVs, up from 27.5% earlier. Volvo, the Swedish luxury brand owned by China's Geely, started building the EX30 in Zhangjiakou, China, and said last year it would expand production of the small electric SUV to a plant in Belgium beginning 2025.

Buffett’s holdings in the carmaker are down more than 70% amid increasing technology and trade tensions between the United States and China

Report: $60m share sale triggered by global tensions on Chinese EV sales

Latin America could emerge as a critical market for Chinese EVs, which are facing greater barriers to entry into the U.S. and European Union.

China has agreed to negotiate with the EU on the increased tariffs on electric vehicles (EVs) following discussions between China's commerce minister, Wang...

The Chinese automaker BYD is setting up shop in Mexico. Let’s discuss the ramifications.

Government subsidies have played a crucial role in nurturing China's thriving EV sector and manufacturers such as BYD.

BYD and Honda are part of the Zacks Industry Outlook article.

TOKYO (Reuters) -Japan's weak yen sharply boosted the value of exports in May but the volume of sales shrank for the fourth consecutive month, highlighting that global demand is still relatively soft and complicating the central bank's monetary tightening path. The Bank of Japan last week took a step forward to reduce its huge bond purchases as part of plans to exit years of massive stimulus. The soft underbelly in the trade report though adds to the picture of a fragile economy, making future interest rate hikes far from assured.