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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.

Mexico 116
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Tesla to build a second Megafactory for utility-scale energy storage units in Shanghai

Green Car Congress

Tesla will build its next Megafactory—the company’s utility-scale battery factory—in Shanghai; the plant will be capable of producing 10,000 Megapacks per year, equal to approximately 40 GWh of energy storage. billion (US$325 million) of annual tax revenues starting at the end of 2023.

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Southeast Asia market will become a competitive place for Chinese and Japanese car companies

Setec Powerr

Europe, the birthplace of the automobile industry, to North America across the Pacific Ocean, has always been the top stage that Chinese car companies hope to step on. With the current sales figures and the seductive future expectations, Southeast Asia has successfully attracted the attention of Chinese car companies.

Asia 97
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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. With the $7,500 EV tax credit, the EV starts at under $40,000.

BYD 52
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Tesla to build small new LFP battery cell factory with CATL machines, report says

Baua Electric

A new report states that Tesla is going to build a small new LFP battery cell factory with CATL machines in Nevada. According to a new report from Bloomberg report, Tesla plans to build a “small facility” using “idle equipment” from CATL. The new “small facility” will reportedly build LFP battery cells for Tesla’ Megapacks.

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China is Unhappy with the Inflation Reduction Act and Has Complained to the WTO

The Truth About Cars

Among many other things, the Inflation Reduction Act changed the way EV tax credits work in the United States. With an eye on reducing America’s dependence on Chinese batteries and materials, the Act incentivizes automakers to source materials from free-trade-compliant countries and build EVs in North America. others might.

China 89
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Tesla Model Y trim gets minimal price increase in China

Teslarati

lineup of Model Y trims was added to the IRS’s list of vehicle qualifying for federal tax credits in early February, Tesla pushed prices up slightly. Tesla builds its cars for the Chinese market in Shanghai at its dedicated production facility known as Gigafactory Shanghai. After the entire U.S.

China 98