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US Senate panel expands probe into BMW use of parts from banned Chinese supplier – ET Auto

Baua Electric

The report found Bourns Inc, a California-based auto supplier, had sourced components from JWD, which was added to the UFLPA Entity List in December. The chair of the Senate Finance Committee said on Monday he was expanding its probe into German automaker BMW ‘s use of electronic components from a banned Chinese supplier.

Chinese 52
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BMW imported 8,000 vehicles into US with parts from banned Chinese supplier says Senate report – ET Auto

Baua Electric

The report said BMW “appears to have stopped (imports) only after the committee repeatedly asked detailed questions to Lear and Lear’s OEM customers, including BMW, about their relationship with JWD.” BMW Group said in an email it had “taken steps to halt the importation of affected products.”

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China auto price war: BMW dealers offer discounts of up to $14,360 for i3

CN EV Post

A rare price stampede is taking place in the Chinese auto market. Image from BMW China Weibo) As a large number of car companies in China are offering huge subsidies or price cuts, BMW is offering more than 100,000 yuan ($14,360) off its all-electric model, the i3, according to local media.

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BYD, Chinese EV makers account for +40% of German EV imports ahead of new tariffs

Baua Electric

Chinese EV makers, including BYD , accounted for over 40% of German EV imports through April 2024. China remained the largest EV importer in Germany ahead of the new EU tariffs. Despite Chinese electric vehicle imports slipping 15.7% Other Chinese EV makers, like NIO, will get an extra 21% tariff on European EV imports.

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Germany looks to keep the peace by halting or at least softening incoming tariffs on Chinese EVs

Baua Electric

It has been a long saga leading up to this week’s decision by the EU Commission that Chinese EVs have an unfair advantage in European markets following a probe that began last fall. While the probe was taking place behind closed doors, the EU was already threatening tariffs on Chinese imports.

Germany 52
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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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Big Auto is begging governments to let them go bankrupt as Chinese EVs loom

Baua Electric

The auto industry is electrifying, and all new cars will be electric in the relatively near future. And yet, the auto industry – which is responsible for more pollution than any other sector, at least in rich countries – still lobbies to worsen emissions reduction targets, even when those targets were already pushed back to begin with.

Chinese 52