Volvo was considering halting the sales of its EVs. (Photo: Business Times) The European Union is expected to impose tariffs on China-made electric vehicles from next month. Anticipating an imposition of tariffs on China-made electric vehicles (EVs), Volvo Car has started to shift its Chinese-made EVs to Belgium. Majorly owned by China’s Geely, Volvo was … Read more
Cheap but efficient Chinese electric vehicles (EVs) have sent a scare in the US and Europe. Many have predicted doomsday scenarios. The Alliance for American Manufacturing has said that government subsidized Chinese EVs “could end up being an extinction-level event for the U.S. auto sector”. Earlier this year, Tesla CEO Elon Musk told industry analysts … Read more
Former US president Donald Trump stirred a controversy a few days ago when he said in a campaign speech that he would impose a 100% tariff on cars built in Mexico by Chinese companies for sale in the American market. He said there will be a bloodbath in the American auto market if doesn’t win … Read more
China’s 1 trillion yuan (US$139 billion) exports of electric vehicles, lithium batteries and solar cells could face a new round of challenges this year, as Western policymakers have reflected “genuine anxieties” about overcapacity distorting their markets. Legal action and tariff increases by the United States and European Union against a perceived oversupply of cheap products … Read more
Home Car And Bike Chinese Automakers Win Drivers’ Hearts As Electric Vehicles Make Inroads Into European Market Chinese automakers account for only about 3 per cent of Western Europe’s overall car market but 8.4 per cent of the EV market, up from 6.2 per cent last year and almost nothing in 2019, according to Schmidt’s … Read more
