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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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Canada orders three Chinese companies to divest from Canadian critical minerals companies

Green Car Congress

The Government of Canada has ordered the divestiture of the following investments by three Chinese companies in Canadian critical mineral companies: Sinomine (Hong Kong) Rare Metals Resources Co., Limited is required to divest itself of its investment in Power Metals Corp.

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Tariffs On Chinese EVs Now Exceed 100 Percent

The Truth About Cars

It’s no secret that Chinese automakers are rapidly expanding into international markets, but the U.S. President Biden recently announced sharp tariff increases on Chinese goods that range from consumer electronics to EVs, pushing the country’s government to promise retaliatory measures. Tariffs on electric vehicles are now 102.5

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Automakers win extension on use of Chinese graphite in EV tax credits – ET Auto

Baua Electric

Treasury Department on Friday gave automakers additional flexibility on battery mineral requirements for electric vehicle tax credits on some crucial trace minerals from China, such as graphite. Automakers have since made changes to supply chains and won restored eligibility for many vehicles.

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Tesla China: Top gov’t meeting confirms NEV purchase tax exemption extension

Teslarati

Tesla China will likely see its momentum in the domestic EV market accelerate, thanks to the country’s NEV purchase tax exemption being renewed next year. Reports of the meeting were shared by Chinese state-owned broadcaster China Central Television ( CCTV). The update was related during a top government meeting.

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Senate Bill Seeks to Tariff Chinese Vehicles Out of Existence

The Truth About Cars

This week, Senator Josh Hawley (R-MO) is introducing legislation to increase tariffs on imported Chinese vehicles this week with the stated goal of dealing with the “existential threat posed by China.” percent to 100 percent, including vehicles owned by Chinese-based automakers that are assembled in places like Mexico.

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Baker Institute report: China has positioned itself as a gatekeeper to the energy transition; nickel case study

Green Car Congress

The global push to convert the world to electric vehicles will cause supply chain complexities that could undermine the alternative energy transition in the United States, according to a new report from Rice University’s Baker Institute for Public Policy. This surge occurred mostly in China, driven by steel manufacturing.

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