CHANGES ARE COMING FOR THE CHINESE ELECTRIC VEHICLE MARKET AMID ONGOING GLOBAL TRADE TENSIONS. THE EUROPEAN UNION AND CHINA HAVE AGREED TO EXPLORE THE POSSIBILITY OF SETTING MINIMUM PRICES ON CHINESE-MADE EVS- AS AN ALTERNATIVE TO THE STEEP TARIFFS THE EU IMPOSED ON THESE ELECTRIC MODELS LAST YEAR. A EUROPEAN COMMISSION SPOKESPERSON CONFIRMED…
Apr 10, 2025 General Motors (GM) has announced a temporary layoff of 200 employees at its all-electric Factory Zero assembly plant in Detroit. This decision, as reported by FOX Business, comes as the company aligns its production with current market demands. The plant, which has seen an investment of over $2.5 billion and employs approximately…
BERLIN (Reuters) -The European Union and China have agreed to look into setting minimum prices on Chinese-made electric vehicles instead of tariffs imposed by the EU last year, a European Commission spokesperson said on Thursday. German newspaper Handelsblatt reported earlier on Thursday that negotiations had begun. EU trade commissioner Maros Sefcovic spoke with China’s commerce…
Tesla’s biggest rival, BYD, is making major moves Down Under. Drive reported on the Chinese EV and hybrid brand reaching 40,000 deliveries in Australia in a mere 30 months. In comparison, it took Tesla around 11 years to reach the milestone after its 2011 launch. To be fair, EVs were simply very new back in…
A new report from Princeton University highlights a serious threat to America’s clean transportation future — and it could spell bad news for jobs, investments, and EV buyers nationwide. What’s happening? Researchers at Princeton’s ZERO Lab found that if Inflation Reduction Act tax credits and Environmental Protection Agency clean car standards are repealed, electric vehicle…
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BEIJING (Reuters) -U.S. automaker Tesla sold 78,828 China-made electric vehicles in March, down 11.5% from a year earlier, data from the China Passenger Car Association (CPCA) showed on Wednesday. Deliveries of China-made Model 3 and Model Y vehicles increased 156.9% from the previous month. Chinese rival BYD, with its Ocean and Dynasty EV and plug-in…
By Aditi Shah and Norihiko Shirouzu NEW DELHI/AUSTIN (Reuters) – Soaring demand for Toyota’s gasoline-electric hybrids has left suppliers struggling to keep pace, leading to shortages of parts and months-long waits for car buyers, according to four people familiar with the situation. Stocks of hybrids are low at Toyota dealers across major markets, including the…
China has carved out a dominating role in Central Asia’s electronic vehicle market. Now, Beijing is looking to replicate its success in the Caucasus. Azerbaijan is emerging as Beijing’s point of entry for the region. During the first 10 months of 2024, Azerbaijan imported 2,592 electric vehicles, with Chinese-manufactured models accounting for a 77 percent…
Sales of Chinese electric vehicles in Europe have hit their lowest levels for two years. Dataforce analysts said just 6.9% of electric vehicles registered in February were manufactured in China, down from 7.8% in January. This represents the lowest rate since February 2023, according to the report. The decline in sales follows last year’s introduction…