Etiqueta: Tariffs

BYD Auto ($BYDDY) became the world’s largest electric vehicle (EV) producer in 2023, a position it didn’t hold for long. It’s a company that is certainly weighed do...

Chinese electric vehicles threaten to undercut UK domestic manufacturing and pose national security risks, a think tank warned.

Mercedes-Benz has sold its remaining 10% stake to BYD, giving the Chinese electric car giant full control of the joint venture, under which the two auto OEMs were developing and manufacturing luxury electric vehicles.

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! What are the hottest, most interesting, and most important cleantech stories of September so far? Here’s my opinion on that. Note that this is part of CleanTechnica’s weekly newsletter. Sign up for the newsletter ... [continued]

The big annual European transportation convention is happening right now in Hannover, Germany, and Volkswagen attempted to steal the show with Jason Statham’s undeniable star power. I love Jason Statham and his championing of tungsten (the most baller metal), but it’s BYD and its E-VALI cargo van that I find the most interesting. I call […]

Chinese electric vehicles present a backdoor risk for Beijing to gain leverage over rival governments, a new think tank report warns.

Chinese automaker BYD Co. has moved to fully control a joint venture it had in China with Mercedes-Benz Group AG, as an increasing number of foreign carmakers dial …

(Bloomberg) -- Chinese automaker BYD Co. has moved to fully control a joint venture it had in China with Mercedes-Benz Group AG, as an increasing number of foreign carmakers dial back their exposure to the world’s biggest auto market.Most Read from BloombergPipeline Fire Near Houston Forces Some Residents to EvacuateLondon Mayor Plans to Pedestrianize Busy Oxford StreetAn Artist Reimagines the Spaces of Childhood, With Thorny ResultsUS Driving and Congestion Rates Are Higher Than EverAn Affordab

The dissolution of this joint venture comes at a time of escalating trade tensions between China and Europe. The European Commission is preparing to impose additional tariffs on Chinese EVs, with potential rates reaching up to 36.3 per cent.

There may be no more important question for the West’s competitive position in advanced industries than whether China is becoming a rival innovator. While the evidence suggests it hasn’t yet taken the overall lead, it has pulled ahead in certain areas, and in many others Chinese firms will likely equal or surpass Western firms within a decade or so.