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Thursday 26 December 2024
Tesla escalates China EV price war ahead of 2025
Tesla China has reduced the starting price of its Model Y rear-wheel drive model to CNY239,900 (US$32,870) on its official website, making it the lowest-priced version of this model...
Thursday 26 December 2024
Tesla face wave of Chinese auto rivals in humanoid robots race
Following Xiaomi's venture into electric vehicles, automakers are now emerging as key players in the humanoid robot market. Tesla CEO Elon Musk recently announced that the company's...
Tuesday 24 December 2024
Chinese EV makers hit EU wall as tariffs add to import costs
Chinese automakers captured their smallest share of Europe's electric vehicle (EV) market in eight months after new tariffs increased the cost of importing cars to the region by as...
Friday 20 December 2024
EU probes Chinese EVs with tariffs up to 35.3%, but cost edge remains
The European Union initiated a sweeping investigation into Chinese EVs in October 2023, imposing additional tariffs based on automaker compliance levels. BYD and Geely Auto face tariffs...
Thursday 28 November 2024
2025 EV price war looms as SAIC joins supply chain cost-cutting push
On November 26, BYD announced a directive requiring its suppliers to implement a 10% cost reduction starting January 1, 2025. Following this, SAIC Maxus has reportedly launched a...
Friday 1 November 2024
Chinese automakers activate 'Plan B' as EU EV tariffs take effect
As the European Union implemented tariffs on Chinese electric vehicles on October 31, both European and Chinese EV supply chains have begun executing contingency plans. The tariffs...
Tuesday 29 October 2024
BYD's October surge boosts Taiwan's supply chain gains in Q4
BYD's new energy vehicle (NEV) sales excelled in October, buoying the performance of its Taiwanese suppliers in the fourth quarter of 2024, according to market sources.
Tuesday 8 October 2024
BYD, Geely, SAIC face steep EU taxes
The European Union (EU) has imposed countervailing tariffs on Chinese electric vehicles (EV) for five years, levying significant duties on Chinese brands including BYD, Geely Automobile...
Tuesday 24 September 2024
German automotives face bleak challenge with BMW's major recall, VW to close factories
With China's electric vehicles (EVs) gaining a strong foothold and automotive sales in the European Union (EU) slowing down, traditional large Germany-based automotive manufacturers...
Tuesday 24 September 2024
Foreign auto joint ventures lose ground to local EV makers in China
Foreign auto joint ventures (JVs) that once dominated China's car market are rapidly losing market share to local electric vehicle (EV) manufacturers, according to industry sources...
Monday 9 September 2024
European carmakers struggle as China retaliation looms over tariffs
The European Union's temporary tariffs on Chinese electric vehicles, introduced in early July, have triggered a sharp decline in registrations across the continent. SAIC Motor's MG,...
Wednesday 4 September 2024
SAIC Motor is under severe pressure due to weakening profits and EV tariffs
The EU's announcement of a 36.3% electric vehicle (EV) tariff on SAIC Motor has placed significant pressure on the automaker. Its revenue for the first half of 2024 was surpassed...
Monday 19 August 2024
Taiwan's new localization rules stun auto industry, MG brand hit hardest
A new set of regulations governing mandatory local supply chain cooperation value ratios, announced by Taiwan's Ministry of Economic Affairs (MOEA) on July 30 and swiftly implemented...
Friday 12 July 2024
Potential trade war as China prepares countermeasures against EU tariffs on EVs
The European Union has announced additional tariffs of up to 38.1% on electric vehicles from China.
Monday 1 July 2024
Volkswagen, SAIC maintain deep ties with agreements to co-develop five EV models
The Volkswagen Group, one of the major foreign automakers operating in China, signed multiple new energy technology cooperation agreements with the SAIC Group on June 27.