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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. They also want to take action to protect American EVs from cheap or subsidized Chinese models.

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Chinese Smartphone Company Previews First EV

The Truth About Cars

Despite years of talk that Apple would eventually start building all-electric vehicles, China’s Xiaomi looks to have beaten the American brand to the punch by previewing the first production EV designed by an established consumer technology company. Foxconn has been left with a factory based in Ohio and a lot of bad memories.

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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.

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Stellantis CEO on the threat of Chinese EV plants in Italy

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Stellantis NV CEO Carlos Tavares clarified the company’s position on Chinese electric vehicle brands coming to Italy. There is fake news going around at the moment that Stellantis will not stay in Italy, that Stellantis will not invest in Italy, that Stellantis will dismantle Fiat.

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

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Data released by the China Passenger Car Association (CPCA) has revealed that Tesla China sold 66,051 Gigafactory Shanghai-made vehicles in January 2023. Tesla China’s January 2023 wholesale results indicate that the electric vehicle maker sold 10.37% more cars year-over-year and 18.38% more units month-over-month.

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Tesla (TSLA) shares surge over 11% amidst news of Musk’s China visit

Teslarati

Tesla shares ( NASDAQ:TSLA ) saw a lot of momentum on Monday’s pre-market amidst news surrounding CEO Elon Musk’s unannounced trip to Beijing, China. Later videos posted by Chinese media showed that Musk also met with Premier Li Qiang. Don’t hesitate to contact us with news tips.

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