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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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Mexico Won't Offer EV Incentives to Chinese Automakers

The Truth About Cars

Chinese automakers are expanding into Mexico, with companies like BYD opening dealerships across the country. Automotive News reported that the country would not offer tax incentives or land discounts to Chinese automakers. percent of the Mexican auto market in 2022. It noted that the U.S. It noted that the U.S.

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Ram hydrogen fuel-cell truck, BMW EV batteries, rural charging: Today’s Car News

Baua Electric

BMW has started building a battery plant in Mexico that will provide more energy-dense cylindrical cells for longer range and faster charging in next-generation Neue Klasse EVs. If Inflation Reduction Act rules remain, the products might eventually qualify for the EV tax credit. This and more, here at Green Car Reports.

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Sona Comstar adopts 3-pronged strategy to beat China globally in EV parts supply – ET Auto

Baua Electric

Although I hear that, as we speak, Brussels is thinking of putting a 50% tax on Chinese EV imports into Europe.” Sona Comstar has manufacturing facilities in China, Mexico and USA apart from India. Europe is the interesting one where I think Chinese EVs are making quite an impact right now.

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JK Tyre Q3 FY24 PAT at INR 227 cr – ET Auto

Baua Electric

Its profit after tax was at INR 227 crore Notably, the net debt at INR.3,456 CIL) and JK Tornel , Mexico, Singhania acknowledged their role in bolstering the company’s overall revenues and profitability. “We (JK Tyre) recorded in Q3FY24 a net revenue of INR3,700 crore. and achieved an EBIDTA of INR 563 crore.

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The US and EU take different approaches to the threat of Chinese EV imports – Charged EVs

Baua Electric

However, the world’s #2 and #3 auto markets differ in terms of their response to the threat from #1. percent tariff for all Chinese-made cars, and the Inflation Reduction Act creates an additional barrier with its stipulation that only EVs made in North America qualify for tax credits. The US currently imposes a 27.5

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After chiding Ford for US CATL battery plan, GM may be seeking its own

Baua Electric

battery-supply deal with China’s CATL, Car News China reports. or Mexico, along with a GM license agreement for CATL’s LFP battery tech. Car News China reasons that the deal would likely be similar to the one between Ford and CATL—a deal GM leadership has criticized. General Motors is negotiating a U.S.

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