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Biden administration considers penalties for Chinese EV companies in Mexico

Teslarati

The Biden Administration is considering penalties for Chinese electric vehicle (EV) automakers who are moving production to Mexico. On May 14, 2024, the Biden Administration released new tariffs on Chinese EV imports and other sectors to protect American workers and businesses in the United States. According to U.S.

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Tariffs On Chinese EVs Now Exceed 100 Percent

The Truth About Cars

It’s no secret that Chinese automakers are rapidly expanding into international markets, but the U.S. President Biden recently announced sharp tariff increases on Chinese goods that range from consumer electronics to EVs, pushing the country’s government to promise retaliatory measures. is not a good way to spur innovation.

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Magna Steyr in discussions with several Chinese automakers to localize EV production in Europe

Baua Electric

Magna Steyr / Credit: Magna International Austria-based contract manufacturer Magna Steyr has confirmed that several Chinese OEMs are discussing the possibility of local EV production ahead of further sales in Europe. We’ve already reported that Magna Steyr has signed on to design and build off-road EVs for INEOS , but not until 2026.

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Stellantis, Leapmotor officially launch joint venture to sell Chinese EVs in Europe this fall

Baua Electric

The new JV, named “Leapmotor International,” will expand to sell Chinese EVs in Europe this fall, with additional markets to follow. billion stake in Chinese OEM Leapmotor. Source: Leapmotor International Leapmotor Intl. Today’s event is merely a confirmation of a launch we’ve been expecting for quite some time.

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Hungary expects $3B in unutilized Chinese language auto business funding

Baua Electric

billion) in unutilized Chinese language investments within the automobile sector, additional boosting the central Ecu public as a regional heart within the transition to electrical mobility, International Minister Peter Szijjarto mentioned. Closing age, Chinese language battery maker Eve Energy introduced a $1.2

Hungary 52
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Tesla to appear at China International Supply Chain Expo in Beijing

Teslarati

Tesla will appear at the first China International Supply Chain Expo later this month, set to be held in Beijing. The event was organized by the China Council for the Promotion of International Trade, and it will run from November 28 to December 2. “We hope U.S. ties,” Zhang said.

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TTTech Auto gains US$285M investment from Aptiv and Audi

Green Car Congress

TTTech Auto, a Vienna-based technology leader in automotive safety software, raised US$285 million (€250 million) from Aptiv PLC and Audi in its latest funding round. With this latest funding round and a valuation of more than US$1 billion, TTTech Auto confirms its strong position amid a growing number of auto tech unicorns.

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