Etiqueta: Tariffs

Tesla's global EV market share lead has narrowed significantly due to the rapid rise of BYD.

One of the last acts of President Joe Biden's administration is to engineer a split in the global auto market. On Tuesday, Washington imposed a ban on the sale and import of connected cars and related technology from China. Concerns over data security are compelling, even if the benefits for General Motors , Ford Motor and others of keeping out both competitors and suppliers remain debatable. That means the policy is likely to last - and could catch on elsewhere.

Everyone should get prepared for the Chinese automaker takeover

China's vehicle exports are expected to grow 5.8% to 6.2 million units this year, cooling from a 19.3% increase in 2024, data from the China Association of Automobile Manufacturers (CAAM) showed on Monday.

BYD Shrugs off Tariffs to Bring Compact BEV SUV to Europe

The Atto 2, which complements the larger Atto 3 released in 2022, is the group's most accessible SUV yet and will compete in the B-SUV segment, a company spokesperson told Reuters. The launch comes two months after the European Union approved increased tariffs on Chinese-built electric vehicles (EVs), including BYD ones, of up to 45.3%. The Atto 2 will compete in Europe's so called B-SUV segment of compact EV SUVs with rival models including Stellantis' Peugeot e-2008, Citroën e-C3, Opel Mokka-e and Fiat 600e, the Kia Niro, and later this year Renault's new R4.

Officials announce probe in July after Brussels began looking into whether Chinese government subsidies were undermining European competition

China’s EV leader is unleashing its low-cost electric cars overseas. BYD now has the first EV to cost under $30,000...

You may be surprised which familiar American makes and models actually hail from China

The profound and sustained challenge to auto industry economics will force cost cutting, mergers — and all the political wrangling, labor unrest and trade friction this entails.