Canada Mulls Chinese EV Tariff Following U.S. Move but is Not Committing to it
Canada is looking at the massive new U.S. import tariffs on Chinese-made electric vehicles imposed by President Joe Biden earlier this month, but is not making any commitment to following suit north of the border. Chinese brands are not a…
China’s BYD Launches Mid-size Hybrid Pickup in Mexico
Chinese automaker BYD unveiled the Shark, a mid-size hybrid-electric pickup truck, in Mexico on Tuesday, expanding its foothold in the North American market with a vehicle aimed directly at incumbents Ford, General Motors and Toyota . The Shark is only…
Small, Well-built Chinese EV Poses a big Threat to the U.S. Auto Industry
A tiny, low-priced electric car called the Seagull has American automakers and politicians trembling. The car, launched last year by Chinese automaker BYD, sells for around $12,000 in China, but drives well and is put together with craftsmanship that rivals…
China EV Stocks Sink on Reports of US Tariffs
Shares of major Chinese electric vehicle makers fell on Friday, after multiple reports said that the U.S. was preparing more tariffs against Chinese companies, specifically aimed at EVs and other key sectors. Li Auto Inc (HK:2015) (NASDAQ:LI), NIO Inc (HK:9866)…
Mexico disrupts China’s Potential Plan to Infiltrate US EV Market
Chinese automakers invested millions to build electric vehicle factories in Mexico. This move is a potential attempt to sell to American consumers while avoiding the high U.S. tariffs on cars imported from China. However, a recent report from Reuters has…
Kenya to Invest 1.9 mln USD to Boost EV Adoption in 3 years
Kenya Power, the country’s electricity distributor, said on Monday that it will invest 1.93 million U.S. dollars in the next three years to spur the adoption of electric vehicles (EVs) in the country. Kenya Power Managing Director Joseph Siror said…
XPENG And The Volkswagen Group Announce Entry into the Framework Agreement on E/E Architecture Technical Collaboration
XPeng Inc. (“XPENG”, NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle company, and the Volkswagen Group, one of the world’s leading automobile manufacturers, are pleased to announce today that XPENG and the Volkswagen Group have entered into…
Janet Yellen Voices Concern About EV Overproduction to China’s Vice Premier
U.S. Treasury Secretary Janet Yellen told China’s Vice Premier He Lifeng on Friday that the two countries should closely communicate on industrial overcapacity and economic actions related to national security as among issues of concern. Yellen’s remark at the opening…
LOBO EV Forges Strategic Collaboration With CSM2017 to Expand E-Bicycle Business in Serbia
LOBO EV Technologies Ltd. (Nasdaq: LOBO) (“LOBO” or the “Company”), an innovative electric vehicle manufacturer and seller, today announced its new strategic collaboration with Serbian distributor CSM2017 Doo (“CSM2017”), marking a milestone in its expansion into the burgeoning electric vehicle…
China Vows to Pull Out All the Stops for EV Supply Chain Buildup
The Chinese government plans to tap all the policy resources available to create a made-in-China electric vehicle supply chain, pressing three state-owned automakers to spend more on R&D. Business executives and senior government officials involved in EV policy announced plans…