Remove Chinese Remove Companies Remove News Remove Price
article thumbnail

TikTok Could Sway Young People Toward Chinese EV Brands

The Truth About Cars

While American politicians love to harp about TikTok’s Chinese owners and the national security issues that could bring, it may also be true that they worry that the platform is influencing an entire generation with quick hits of liberal political thought and economic theory. and 58 percent of them said they’d seen Chinese EVs on the app.

Chinese 88
article thumbnail

Stellantis & Leapmotor joint venture gets approval from Chinese regulator

Teslarati

It acquired 20% of the Chinese automakers, making it a significant shareholder. The Chinese automaker also said that the executive team for its joint venture with Stellantis is in place as C10. In November, Stellantis repurchased €934 million shares from Chinese automaker Dongfeng based on a pre-existing share repurchase framework.

Chinese 96
article thumbnail

Tesla China sells 66k vehicles in January despite Chinese New Year break

Teslarati

Such details provide valuable insights into Tesla China’s potential plans, especially considering the company’s typical export and domestic strategy. TSLA — 大趙 (@zhongwen2005) February 3, 2023 As clarified by Tesla executives, Gigafactory Shanghai is the company’s primary vehicle export hub.

Chinese 145
article thumbnail

BYD sets lower sales growth & warns of looming price war

Teslarati

BYD set lower sales growth goals for 2024, warning of a looming price war and overcapacity in Mainland China’s electric vehicle (EV) sector. According to SCMP , Wang told investors that the company’s expects deliveries to top at 3.6 The Chinese automaker estimates account for some challenges BYD expects this year.

BYD 109
article thumbnail

Tesla rolls out Model Y price adjustments in Germany and Sweden

Teslarati

Tesla has initiated a round of price cuts for its best-selling car, the Model Y crossover, in Germany and Sweden. The price cuts were implemented about a week after a series of similar adjustments were rolled out for the Model 3 and Model Y in China. TSLA NEWS: Tesla slashed Model Y vehicle prices by up to €5.000 in Germany.

Sweden 127
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

More Chinese EV makers promise no price cuts as price war intensifies consumer wait-and-see sentiment

CN EV Post

EV makers including Leapmotor , Neta and Denza have all introduced 90-day price protection policies. Image credit: Neta) As the auto price war in China continues, some electric vehicle (EV) makers are beginning to make it clear that they will not cut prices in an attempt to dispel the wait-and-see sentiment of potential consumers.

Price 59