Etiqueta: SAIC
Global EV registrations surge as BYD dominates
The global electric vehicle (EV) new-car market enjoyed strong growth in April, as multiple BYD models performed well.
GM’s Wuling launches new $8,000 Bingo EV in China undercutting BYD’s...
A new low-cost electric car launched Friday to take on BYD’s Seagull EV. GM’s Wuling launched the 2024 Bingo EV...
The Euros are propelling China’s BYD in the face of European...
The Chinese EV maker may escape nearly unscathed from EU tariffs, as it sponsors one of the world’s top soccer tournaments.
Will the EU tariffs have any effect?
Last year China became the world’s largest car exporter by volume but putting a dampener on the party has been the EC’s probe into Chinese EV subsidies which was launched last September. Finally yesterday (June 12) the European Commission (EC) concluded that battery electric vehicles (BEVs) and their supply chains in China benefit from unfair […]
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China urges EU to reverse EV tariffs, Chery undeterred
Beijing on Thursday slammed EU tariffs on Chinese electric vehicles as protectionist behaviour even as the country's top auto exporter said the duties would not derail its expansion plans for Europe, including making EVs in Spain this year.
BYD: Here’s Why the Chinese EV Maker’s Stock Rallied Today –...
Shares of Chinese electric vehicle (EV) maker BYD Company (OTCMKTS:BYDDY) rallied on Thursday as investors cheered lower-than-anticipated additional tariffs imposed...
European auto stocks fall on uncertainty over China’s tariff response
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.
Europe’s electric car tariffs sting China but won’t halt BYD’s advance
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.
EU Tariffs On EVs Won’t Derail BYD Billionaire Wang’s Expansion Plans
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.
EU implements tariffs on Chinese electric vehicles
The European Commission made a significant announcement on Wednesday, revealing its intention to levy additional duties on imported Chinese electric vehicles, a move that could potentially ignite tensions with China. These tariffs, slated to take effect next month, could reach as high as 38.1%, depending on the manufacturer.
According to the company breakdown provided by the Commission, the provisional tariffs are as follows:
- BYD (17.4%)
This includes various entities under BYD, such as BYD Auto Co Ltd and Changsha BYD Auto Co Ltd.
