Porsche AG, the iconic German luxury car manufacturer, announced plans to significantly reduce its dealership network in China, marking a strategic shift in response to …
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France has thrown its support behind the European Union’s plan to impose tariffs on electric vehicles imported from China. The announcement, made by France’s newly …
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INDUSTRY NEWSLatest News
China’s dual strategy on EU EV tariffs: threats and diplomacy yield results
As the European Union approaches a critical vote on imposing duties on Chinese-made electric vehicles (EVs), Beijing has deployed a sophisticated strategy combining diplomatic overtures …
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Chinese startup Windrose has announced plans to set up an assembly plant for its electric semi-trucks in the United States. The company aims to begin …
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Warren Buffett’s investment conglomerate, Berkshire Hathaway, has further reduced its stake in BYD, China’s largest electric vehicle (EV) producer, to below 5%. This move, disclosed …
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Luxury Cars
Chinese automakers reject EU tariffs, label investigation unjust
by Biplab Dasby Biplab DasThe tariffs, which range from 17.4% to 37.6%, are aimed at preventing a perceived influx of cheap Chinese EVs allegedly subsidised by the Chinese government.
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EU’s impending tariffs on Chinese-made EVs could significantly impact Chinese manufacturers’ expansion plans in Europe, prompting strategic reassessments.
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INDUSTRY NEWSLatest News
EU faces internal divisions over proposed tariffs on Chinese EVs
by Biplab Dasby Biplab DasThe decision, which has significant economic and political ramifications, highlights the challenges Brussels faces in garnering unified support for its largest trade case to date.
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Canada considers imposing tariffs on Chinese electric vehicles to protect its domestic auto industry and position itself as a key player in the global EV …
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The European Commission has announced plans to impose additional duties ranging from 17.4% to 38.1% on imported Chinese electric vehicles, citing excessive subsidies, potentially prompting …
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