US Clean Energy, Defense to be Impacted by China Export Curbs
China’s retaliatory export controls could take a toll on the growing US clean energy sector and its defense industry, analysts say, as a trade tussle escalates between the world’s two biggest economies. Beijing announced this week it would ban exports…
Tesla’s China-Made EV Sales Drop 4.3% in Nov
U.S. automaker Tesla’s’s sales of China-made electric vehicles fell 4.3% year-on-year to 78,856 in November, data from the China Passenger Car Association (CPCA) showed on Tuesday. Deliveries of China-made Model 3 and Model Y vehicles recorded a 15.5% increase from…
Sterling Tools Partners with GLVAC to Boost EV Component Manufacturing in India
Sterling Tools Limited, through its subsidiary Sterling Tech-Mobility Limited, has joined forces with China-based Kunshan GLVAC Yuantong New Energy Technology Co., Ltd. (GLVAC YT) to enhance the manufacturing of High Voltage Direct Current (HVDC) contactors and relays in India. This…
China Files Complaint at WTO Over EU tariffs on Chinese EVs
China has moved forward with a complaint at the World Trade Organization that alleges the European Union has improperly set anti-subsidy tariffs on new Chinese-made electric vehicles. The Chinese diplomatic mission to the WTO said Monday it “strongly opposes” the…
GAC Launches Aion V in Europe
Chinese car manufacturer GAC has announced that it will launch its Aion V electric SUV, which is already available in China, in Europe next year. In the coming years, GAC plans to bring further core models to Europe, including an…
Global EV Sales up 30.5 per cent in September
Global sales of fully electric and plug-in hybrid vehicles rose by an annual 30.5 per cent in September, as China surpassed its record numbers recorded in August and Europe resumed growth, market research firm Rho Motion said on Tuesday. Gains…
Green Motors and SERES Take Strides Towards the Future of Luxury EVs
Dubai, United Arab Emirates: SERES Automobiles, a leading luxury electric vehicle brand, has announced the opening of its first official showroom in the region, in collaboration with Green Motors, a leading car distributor in the UAE. Located on Sheikh Zayed…
Chinese Carmaker GAC Looks at Making EVs in Europe as Tariffs loom
Chinese state-owned carmaker GAC is exploring the manufacture of EVs in Europe to avoid EU tariffs, the general manager of its international business told Reuters on Sunday, joining a growing list of Chinese companies planning local production. The company is…
EU Tariffs on Chinese EVs are Part of an ‘economic cold war,’ Hungary’s Orbán says
The European Union risks entering an “economic cold war” with China, Hungary’s prime minister said on Friday, pledging to vote against an EU plan to impose higher tariffs on the import of Chinese electric vehicles. EU countries are set to…
US House Approves Legislation to Restrict Tax Credits for EVs Using Chinese Battery Technology
The US House of Representatives passed a Republican bill restricting electric vehicle tax credits on Thursday that could jeopardise licensing deals between American car makers and Chinese EV battery companies. The bill, which is opposed by the White House, was…
