Etiqueta: volvo

Here are some basic facts about the EU's planned customs duties.

Chile EV Sales Report: Tesla & BYD Join Forces to Bring the EV Market to New Highs with 500% Growth YoY in May

BYD is the most widely recognised new entrant brand among car buyers outperforming fellow Chinese brands as well as those from the US and Vietnam, according to consumer research by JudgeService.

Chinese brands place a high value on design and in-cabin technology and are laser focused on keeping cars affordable

Volvo parent Geely announced a revolutionary LFP battery that offers higher energy density, faster charging, and a longer service life than competing batteries

Volvo had previously said it would begin selling the EX30 in the United States later this year, but a spokesperson on Wednesday told Reuters that deliveries will not start until 2025, in part due to the introduction of tariffs of more than 100% on Chinese EV imports by the U.S. government. U.S. President Joe Biden unveiled steep tariff hikes on Chinese imports last month, including over 100% on EVs, up from 27.5% earlier. Volvo, the Swedish luxury brand owned by China's Geely, started building the EX30 in Zhangjiakou, China, and said last year it would expand production of the small electric SUV to a plant in Belgium beginning 2025.

BoA argues GM, Ford and Stellantis either face a future of funding continued losses in China or they can redeploy resources to finally become competitive with Tesla—but they can't do both.

Markets Defused gives an easy-to-understand and straightforward recap of the day’s most engaging business and stock market news.   Microsoft is set for...

The global electric vehicle (EV) new-car market enjoyed strong growth in April, as multiple BYD models performed well.