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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. Mexico is no stranger to Chinese auto companies, as there are around 20 already selling vehicles in the country.

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Comment on US announces tariff hike on Chinese EVs from 25% to 100% by nov22

CN EV Post

BYD has no interest in US market at this moment, neither selling EV nor making EV in US. And Chinese still buy lots of BMW, Audi, and Mercedes. You don't see many Chevy or Ford in China anyway. It is a show for US domestic politic. EU won't be doing the same because German would like to sell their cars in China.

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Mercedes-Benz announces strategic partnership and equity stake in Chinese battery cell manufacturer Farasis

Green Car Congress

Mercedes-Benz has entered a far-reaching strategic partnership with the Chinese battery cell manufacturer Farasis Energy (Ganzhou) Co., Mercedes-Benz buys battery cells from various partners in the world market, to secure access to the latest technologies as well as ensure the supply to its global production network.

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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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Polestar Forum Users Are Not Keen on Buying the Company's Smartphone

The Truth About Cars

We poked fun at the announcement , but Polestar forum users took things a step further with a survey on whether owners would buy the phone should it be offered here. Though totally unscientific, survey responses appear to tilt heavily against buying a Polestar phone. & [Image: Polestar] Become a& TTAC insider.

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LME copper prices hit 7-year high

Green Car Congress

An unexpectedly strong resurgence in Chinese cathode buying for scrap replacement, improving consumption, restocking and stockpiling purposes. Based on preliminary data from Chinese Customs, Chinese net imports of refined copper jumped by 45% y-o-y, or 1.3Mt, to 4.2Mt in Jan-Nov 2020. Copper prices since 1 Jan 2000.

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XPeng buying Didi’s Smart electric car unit to launch new affordable EV brand in 2024

Electrek

Chinese EV maker XPeng (XPEV) announced Monday it plans to buy out Didi Global’s Smart electric car division. XPeng revealed the partners will launch a new mass-market EV brand next year with a starting price of around 150,000 RMB (roughly $20,500).