Remove Asia Remove Batteries Remove Cheap Remove Chinese
article thumbnail

Utility solar dethrones coal as the cheapest power source in Asia

Baua Electric

Photo: China News Service Renewable energy costs in Asia last year were 13% cheaper than coal and are expected to be 32% cheaper by 2030, according to a new study. China leads the pack with a 40-70% cost reduction in utility-scale solar, onshore wind, and offshore wind compared to other Asia Pacific markets.

Asia 52
article thumbnail

Europe may slap retroactive tariffs on Chinese EVs

Baua Electric

Possible “remedies” on the table include retroactive tariffs on Chinese EVs. Back in October 2023, Europe launched its formal investigation into the Chinese EV industry, as European companies are struggling to compete with the cheap, high-tech Chinese imports, made by low-cost labor, entering the European Union.

Chinese 52
article thumbnail

GlobalData: Russian nickel sanctions would slow electric vehicle adoption

Green Car Congress

As nickel is used in the production of EV batteries, any sanctions placed on Russian nickel will cause EV manufacturing prices to increase further, threatening adoption and decarbonization. Geopolitical issues such as the Russia-Ukraine situation disturb the fine balance of battery metal supply chains.

article thumbnail

Comment on BYD catches up with Tesla in global BEV market share in Q3 by Midori Mayari

CN EV Post

And I'm not talking about US and Europe; rather, I'm talking about Latin America, Africa, the rest of Asia apart from China, Japan, and South Korea, and so on. More so when Tesla uses BYD batteries outside the US.

BYD 98
article thumbnail

The $10,000 BYD Seagull EV is scaring the U.S. auto industry

Teslarati

Although competitive Chinese automaker BYD isn’t yet slated to enter the U.S. at this point, the company has been beginning to deliver its EVs in several markets throughout Europe and Asia. million battery-electric vehicles (BEVs), substantially increased from 2020, when the automaker sold just 130,970.

article thumbnail

China says it will ‘rein in’ the flood of EVs coming our way

Baua Electric

BYD Atto 3 (Source: BYD) Europe and the US say that Chinese EV development is running wild and unchecked and on the verge of overwhelming the global market with, well, EVs the rest of the world can’t compete with. Still, it’s no surprise that China-made EVs and batteries are becoming a big business outside of China, with BYD alone selling 1.6

China 52
article thumbnail

White House to hike tariffs on Chinese EVs to fend off cheap imports

Teslarati

The White House and President Joe Biden will launch new tariffs today on Chinese electric vehicles and other sectors to fend off cheap imports. The move will effectively fend off a flood of low-cost Chinese products like EVs, batteries, and other products as Biden hopes to protect U.S. companies from foreign companies.

Cheap 114