Remove China Remove Chinese Remove Market Remove News
article thumbnail

Booming Chinese EV Market, $7 Billion For Solar From Biden, Tesla Updates Galore — Top News of the Week

CleanTechnica EVs

It’s that time again — time for a big roundup of cleantech news from the past week you shouldn’t miss. China just reached 43% of new car sales being plugin cars! Full electrics (BEVs) accounted for 28% market share. Check out all the top stories here! President Joe Biden just.

Chinese 96
article thumbnail

Tesla (TSLA) shares surge over 11% amidst news of Musk’s China visit

Teslarati

Tesla shares ( NASDAQ:TSLA ) saw a lot of momentum on Monday’s pre-market amidst news surrounding CEO Elon Musk’s unannounced trip to Beijing, China. Later videos posted by Chinese media showed that Musk also met with Premier Li Qiang. Don’t hesitate to contact us with news tips.

China 122
article thumbnail

BYD Shark plug-in pickup, Kia EV6 update, US EV market share: Today’s Car News

Green Car Reports

EV sales are up but market share is down. The same morning the Biden administration hiked tariffs vs. Chinese EVs in an effort to keep them out of the market, China’s BYD Shark. The Kia EV6 shows off a facelift and more range. And BYD drops a Shark of a plug-in hybrid pickup south of the border.

BYD 118
article thumbnail

Tesla CEO Elon Musk flips stance on China tariffs: ‘Things that…distort the market are not good’

Teslarati

Tesla CEO Elon Musk flipped his stance on China tariffs during a conference on Thursday. In January, Musk said that measures would need to be taken so that Chinese automakers did not “demolish” global competitors. Things that inhibit freedom of exchange or distort the market are not good.

China 99
article thumbnail

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 94
article thumbnail

Baidu considers using Tesla robotaxi technology in China

Teslarati

Baidu is thinking of using Tesla’s robotaxi technology or Full Self-Driving (FSD) in China. Baidu’s General Manager for the autonomous driving department, Xu Baoqiang, told Shanghai Securities News that the auto company would consider potential collaboration opportunities with Tesla.

China 125
article thumbnail

White House to hike tariffs on Chinese EVs to fend off cheap imports

Teslarati

The White House and President Joe Biden will launch new tariffs today on Chinese electric vehicles and other sectors to fend off cheap imports. The move will effectively fend off a flood of low-cost Chinese products like EVs, batteries, and other products as Biden hopes to protect U.S. This strategic move could protect U.S.

Cheap 101