Etiqueta: Industry

MILAN (Reuters) -Shares of some of Europe's biggest carmakers fell further on Thursday on uncertainty over how China might respond to the EU's new tariffs on imported Chinese electric vehicles to combat what Brussels sees as excessive subsidies from Beijing. "The risk is that China could also take action that would particularly hit the German OEMs who are exporting to China," said Stifel analyst Daniel Schwarz in Frankfurt. Some investors, however, expect a balanced response from Beijing as Chinese carmakers will still be able to export to Europe, albeit at lower margins.

After months of investigation, the European Union (EU) has announced provisional tariffs on electric vehicles (EV) imported from China, because of what it sees as Beijing’s unfair support for companies that undercut European carmakers.

The Xpeng M03 is powered by two different motors with peak power of 140 kW and 160 kW, respectively. It has lithium iron phosphate batteries from BYD.

The Nio Onvo L60 will use lithium iron phosphate batteries supplied by BYD, with single and dual motor options, and will be built at Nio's F2 plant.

The latest investor updates on stocks that are trending on Thursday.

BYD, the Chinese electric vehicle maker can manage the European Union’s additional tariffs on EVs from China—and may grab market share from more severely affected rivals.

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A Denza N7 SUV navigates a complex urban road with the assisted driving feature turned on and zero takeover, marking the real-life debut of BYD's assisted driving technology that doesn't rely on high-definition maps.

There are reports that CATL and BYD are preparing to launch power batteries with a charging rate of up to 6C.

CATL plans to launch a second-generation Qilin Battery with a 6C charging multiplier in the second half of 2024, and BYD's second-generation Blade Battery could also be launched in the second half of the year, with a 6C battery in the works.