Etiqueta: Tariffs

TrendForce’s latest reports reveal that global NEV sales—including BEVs, PHEVs, and FCEVs—reached 4.02 million units in the first quarter of 2025, marking a 39% YoY increase. NEVs accounted for 18.4% of total global auto sales for the quarter.

More support will be given to key sectors of the South Korean economy affected by the United States' tariffs, the government said in Seoul on Wednesday, even as the second round of technical discussions with Washington took off.

Vice President Kamala Harris will likely inherit President Joe Biden's sweeping automotive and labor agenda if she clinches the Democratic nomination for president in August.

SUV-focused subsidiaries Omoda and Jaecoo to add four new models by 2026 while expanding drivetrains and entering new markets.

Renault's Ampere unit shrugged off Mitsubishi's decision, saying it does not need help from minority shareholders.

Seres partnered with telecommunications giant Huawei back in 2021 to launch the Aito brand of premium electric and hybrid SUVs.

Renault already has a tie-up with Geely for hybrid cars and is looking to share the costs of gasoline and diesel engines.

Nissan CEO Ivan Espinosa said his company is willing to help Dongfeng to produce its models outside of China. Dongfeng could avoid import tariffs by using Nissan's global production network.

Chinese automotive giant BYD has announced a major pivot away from producing fully electric vehicles (EVs), focusing now on “mixed” fuel

Japan's economy shrank for the first time in four quarters during the three months that ended in March, as weak private consumption and a 0.6 percent quarter-on-quarter drop in exports — also the first in a year — dragged the growth down.