China and the European Union have largely finalised the “technical” part of negotiations towards resolving their electric vehicle (EV) tariff dispute, with the deal now hinging on “political will” from the European side, according to Chinese state-affiliated media. Yuyuan Tantian, a social media account linked to state broadcaster CCTV, reported on Friday night that the…
China’s oil demand is nearing a turning point as electric vehicles take a growing share of its vehicle market, the world’s largest. The country has long been the thirstiest consumer of crude. China accounted for 16% of global demand in 2023, or 16.4 million barrels a day, up from around 9% in 2008. More significantly,…
With Donald Trump elected again as US president, China is concerned about the self-professed “Tariff Man” and his threats to kill off Chinese imports with big increases in tariffs, which are to be imposed on his first day back in the Oval Office next January. In response, the Biden administration and its Western allies complain…
BYD’s aggressive pricing strategy appears to be paying off — the Chinese EV maker recently overtook Tesla in revenue for the first time, reporting a gross margin of 21.9 per cent, its highest in a year read more If some auto experts are to be believed, BYD, is the only EV company that Tesla’s Elon…
The go-global strategy of Chinese electric vehicle (EV) makers has hit speed bumps after Beijing warned them not to invest in certain markets and a battery maker’s failed US$4 billion plan for production in Germany provided a bitter lesson. Companies are realising that cost advantages and a grasp of core technologies are not enough to…
In the Chinese market, the penetration rate of BEV and PHEV is growing faster than some expected 3 min read Last Updated : Oct 15 2024 | 8:58 AM IST Global sales of fully electric and plug-in hybrid vehicles rose by an annual 30.5 per cent in September, as China surpassed its record numbers…
In European Union circles, last week will be remembered for European Commission President Ursula von der Leyen’s consolidation of her position as the most powerful politician in Brussels. She vanquished her rivals and pitted her new commissioners against each other in a grand reshaping of the bloc’s executive functions, blurring the lines of reportage and…