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Volvo suddenly shifts EX30, EX90 production to Belgium to avoid China-made EV tariffs

Baua Electric

With EV imports from Chinese automakers like BYD and MG surging, the EU claims unfair government subsidies are promoting the growth. Volvo EX30 launch event (Source: Volvo Cars) After launching production in China late last year, Volvo sold 14,500 EX30s in the first quarter of 2024.

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Volkswagen faces mounting pressure from Tesla and BYD

Teslarati

Volkswagen faces mounting pressure to keep up with Tesla and Chinese automakers in the transition to battery-electric vehicles (BEVs), and its success in doing so could have major implications. The auto industry is faced with the question of whether and how we will be a global leader in the future,” Baerbock said at the event.

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Polestar 3 launches in China with $29k price cut

Teslarati

Now, likely to improve its competitiveness, Polestar has issued one of the most significant price cuts the Chinese market has seen this year. However, at the Chinese unveiling this week, the Swedish automaker slashed that price by an average of 200,000 yuan ($29,035).

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