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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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AutoPacific: Younger Buyers More Willing to Look At Chinese Brands

The Truth About Cars

is set to implement harsh tariffs on Chinese vehicles, and many lawmakers have expressed grave privacy concerns, but those issues haven’t squashed younger buyers’ curiosity. Chinese cars aren’t currently sold here, but they’re creeping on our borders. Across the board, 70 percent of people said they’d have some concerns.

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Ferrari, with first electric supercar coming in 2025, warns rivals over Chinese EVs

Baua Electric

Although its first fully electric supercar is not due out until next year, Ferrari is warning rivals about incoming Chinese EVs. Ferrari warns rivals with Chinese EVs surging “For me, this is a call to action for Europe,” Benedetto Vigna, Ferrari’s CEO, said in an interview with BloombergTV.

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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.

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BMW Group to build future MINI E vehicles in China with Great Wall Motor

Green Car Congress

The BMW Group and Great Wall Motor have launched a new joint venture—Spotlight Automotive Limited—and are building a joint plant in China, where the BMW Group will produce future fully-electric models of its MINI brand. Both partners will together invest around €650 million (more than five billion CNY).

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Advantage China: BYD becomes first car-maker to build six million plug-in vehicles and is set to overtake Tesla for EV sales

EV Central

BYD has announced that it has become the first car-maker to build more than six-million New Energy Vehicles (NEVs) beating US car-maker Tesla who isn’t set to hit the production milestone until early 2024. NEVs is the Chinese category of cars that consist of plug-in hybrid (PHEVs), range-extender hybrids and pure-electric cars (EVs).

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Nissan and Honda may team up to slash EV prices and take on Chinese automakers like BYD

Baua Electric

Nissan and Honda are considering teaming up to introduce more affordable EVs to compete with Chinese automakers like BYD. The aim is to reduce EV prices as the automakers look to Chinese automakers with low-cost models like BYD. Honda already scrapped plans to build affordable EVs with GM, citing a “changing business environment.”

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