Etiqueta: subsidy
EU tariffs add to pressure on China’s EV makers
To counteract market dumping, the European Union will slap tariffs of up to 38% on electric vehicles from China. This puts additional strain on China’s EV manufacturers, which already face poor sales in Europe.
As EU Eyes Tariffs, European States Chase China EV Factories
BYD is building it first plant in Hungary, while Leapmotor will use a Stellantis factory in Poland, as Chery eyes production in Spain and possibly Italy; Great Wall, SAIC and Dongfeng are also assessing opportunities
Report: Volvo shifting EV production to Belgium to avoid China tariffs
(Reuters) -Volvo cars has started to shift production of Chinese-made electric vehicles to Belgium in the expectation that the European Union will drive ahead with a crackdown on Beijing-subsidised imports, the Times reported on Saturday. Volvo, which is majority-owned by China's Geely, was considering halting sales of Chinese-built EVs bound for Europe if tariffs were introduced, the newspaper said, citing company insiders. However, the report added that shifting production of Volvo's EX30 and EX90 models from China to Belgium is expected to negate the need for the company to do so and that the company insisted suspending sales of EVs made in China was no longer being considered.
BYD says to build second EU factory despite EV slowdown
Chinese electric vehicle giant BYD is still committed to building a second factory in Europe and will roll out hybrid cars as the EV market slows down, a group executive told AFP.
Stella Li, vice president for Europe and the Americas, also shrugged off a European Union probe that could lead to tariffs on Chinese EVs.
"When your competition worries about you, that means that you're super good," Li said in an interview Thursday at the Top Marques auto show in Monaco.That means that Chinese cars ha
Nio’s new orders in May up 37% from Apr, Deutsche Bank...
BYD and Tesla both saw record highs in new orders in China in May, according to Deutsche Bank.
Xi’s China EV Dream Came True. 10 Years On, Walls Are...
(Bloomberg) -- Ten years ago almost to the day, while checking out a handful of luxury sedans from one of China’s largest automakers SAIC...
Xi’s China EV Dream Came True. 10 Years On, Walls Are...
(Bloomberg) -- Ten years ago almost to the day, while checking out a handful of luxury sedans from one of China’s largest automakers SAIC...
Trust and trade-offs: How to manage Europe’s green technology dependence on...
European policymakers need to answer the ‘trust question’ of how far they want Chinese companies involved in green industries such as solar energy, batteries, and electric vehicles.
Chinese EVs challenge Europe’s auto Industry: BYD’s Seagull to undercut local...
The impending launch of the Seagull increases pressure on European automakers to maintain their market share in the evolving post-combustion engine era.
BYD Seagull EV could help the Chinese automaker dominate Europe
The BYD Seagull electric vehicle might help the Chinese automaker dominate Europe. BYD Europe aims to triple its European market by 2025.
