Contemporary Amperex Technology, mainland China’s biggest producer of electric vehicle (EV) batteries, has been shrewd in seizing the opportunity presented by the stock market upswing to tap foreign investors for fresh capital, according to industry executives and analysts. CATL, as the company is known, is eager to replenish its coffers through a first-time Hong Kong…
While electric vehicle (EV) sales are lagging in the U.S., contrary to the previously optimistic forecasts, Chinese EV sales are now booming. Several major Chinese automotive companies, as well as multiple start-ups, have reported record sales figures in the third quarter of the year. This trend has been widely anticipated by industry experts thanks to…
Encouraging Chinese companies to set up joint ventures abroad may be Beijing’s only way out of its trade imbalances with Western countries, according to a Chinese foreign trade expert. Speaking at a round table event in Beijing on Friday, Huo Jianguo, former head of a think tank under China’s Ministry of Commerce, told representatives of…
Vienna — The European Union is set to vote Friday on a massive tariff increase on Chinese electric vehicles that Germany fears could spark a trade war with Beijing. Reuters reported Wednesday that the measure already has enough votes to pass, with support from France, Greece, Italy and Poland, whose populations make up 39% of…
SINGAPORE — China’s commerce ministry said on Wednesday it has asked the World Trade Organization to rule on Canada’s imposition of steep tariffs on Chinese electric vehicles as well as steel and aluminum products. Following the lead of the United States and European Union, Canada began imposing on Tuesday a 100% levy on EVs shipped…
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…