Etiqueta: volvo

After months of investigation, the European Union (EU) has announced provisional tariffs on electric vehicles (EV) imported from China, because of what it sees as Beijing’s unfair support for companies that undercut European carmakers.

BYD, the Chinese electric vehicle maker can manage the European Union’s additional tariffs on EVs from China—and may grab market share from more severely affected rivals.

The EU slams Chinese electric vehicles with tariffs as high as 38.1%, accusing them of unfair subsidies. BYD, Geely, and SAIC are likely hardest hit. New tariffs will come into action starting July 4th, 2024. ​​EU carmakers express concern about potential retaliation from China, raising worries of a broader trade war., Electric Vehicles News - Times Now

(Bloomberg) -- Chinese electric-vehicle stocks gained as analysts said the European Union’s preliminary announcement of tariff increases was in line with market expectations and manageable for companies with cost strength like BYD Co Ltd. Most Read from BloombergHunter Biden Was Convicted. His Dad’s Reaction Was Remarkable.US Inflation Broadly Cools in Encouraging Sign for Fed OfficialsFed Officials Dial Back Rate Forecasts, Signal Just One ‘24 CutStock Bull Run Breaks Record on Fed Decision Day

La decisión de Bruselas de imponer impuestos a los coches eléctricos chinos afectará a empresas como BYD Co (OTC:BYDDF) y SAIC, así como a Tesla Inc (NASDAQ:TSLA), que fabrica en China. A partir del próximo mes, la Comisión Europea tiene previsto aplicar impuestos provisionales de hasta el 25% a los coches eléctricos chinos importados, con el objetivo de contrarrestar las subvenciones que los fabricantes chinos reciben de su gobierno. Esta medida podría llegar a representar alrededor del 35%, mu

Brussels' decision to impose tariffs on Chinese electric vehicles will impact companies such as BYD Co (OTC:BYDDF) and SAIC, as well as Tesla Inc (NASDAQ:TSLA), which manufactures in China. Starting next month, the European Commission plans to apply provisional duties of up to 25% on imported Chinese EVs, aiming to counteract the subsidies Chinese manufacturers receive from their government. This measure could escalate to about 35%, significantly lower than the 100% duties applied by the U.S., t

BRUSSELS (AP) — The European Union moved Wednesday to hike tariffs on Chinese electric vehicles, escalating a trade dispute over Beijing’s subsidies for the exports that Brussels worries is h…

Chinese automaker BYD continued its dominance in the Brazilian electric vehicle (EV) market in May, securing an impressive 71.4 percent market share, according to data released by Fenabrave, the Brazilian vehicle distribution federation.

Foreign politicians are "afraid" of Chinese firms, according to BYD Chairman Wang Chuanfu, who urged competition to speed up the industry's transition to EV.

(Reuters) -Volvo cars has started to shift production of Chinese-made electric vehicles to Belgium in the expectation that the European Union will drive ahead with a crackdown on Beijing-subsidised imports, the Times reported on Saturday. Volvo, which is majority-owned by China's Geely, was considering halting sales of Chinese-built EVs bound for Europe if tariffs were introduced, the newspaper said, citing company insiders. However, the report added that shifting production of Volvo's EX30 and EX90 models from China to Belgium is expected to negate the need for the company to do so and that the company insisted suspending sales of EVs made in China was no longer being considered.