Etiqueta: Tariffs

BYD Expands Hungarian Presence with European HQ

Tesla's sales in Europe and the UK have plummeted by nearly half, according to a report by tech news outletTechCrunch on Tuesday. The European Automobile Manufacturers Association (ACEA) revealed that Tesla sold just 7,261 vehicles in the European Union (EU), European Free Trade Association (EFTA), and the UK in April, marking a steep 49% decline c...

Indian auto production could grind to a halt within days due to Chinese export restrictions on rare earth magnets, according to company executives and documents from industry groups, which want the government to lobby Beijing to relax the curbs.

Brazil was set to host the first non-Asian factory for the EV giant. It's now suing the company instead

China’s electric vehicle (EV) giant BYD Co. has ignited a fresh wave of competition in the world’s largest auto market by slashing prices by up to 34% on 22 electric and plug-in hybrid models.

It’s finally happening. After years of watching Argentina’s EV market linger, staying at or below 0.1% market share, the tides seem to be turning. BYD seems unstoppable lately and it seems it will enter head-on one of the least electrified markets in the world and the perennial laggard in Latin ... [continued]

Yahoo Finance is chronicling the latest news and updates on Trump's tariffs.

In April, Tesla sold 7,261 vehicles in the European Union, European Free Trade Association, and U.K., a 49% year-over-year decline.

Also in today’s newsletter, Singapore’s ‘scamdemic’, and Trump media group plans to raise $3bn to spend on crypto