On November 4, 2024, Maros Sefcovic, a candidate for EU Trade Commissioner, said in an interview that any agreement reached with Chinese electric car manufacturers on the minimum import price of electric vehicles must be as effective and enforceable as the tariff measures implemented by the EU last week. He stressed that the EU wants to ensure fair competition in its market and avoid unfair price dumping in the electric car industry. Sefcovic pointed out that the EU is seeking to reach a cooperation agreement with Chinese electric car manufacturers to cope with the trend of a large number of Chinese electric vehicles entering the European market in recent years. […]
France’s newly appointed Minister of Industry, Marc Ferracci, recently announced plans to launch an aid program for the European automotive industry, aimed at coordinating electric vehicle (EV) purchase subsidies across EU member states. The goal is to promote the widespread adoption of electric vehicles and support European automakers in the face of global market competition. In addition, Ferracci proposed revising the EU’s current CO2 emission reduction targets for car manufacturers to balance environmental requirements with the industry’s practical capacity. In a recent interview, Ferracci explained that the current differences in electric vehicle purchase subsidies between EU countries create barriers for cross-border EV sales. To promote the adoption of electric vehicles […]
According to Reuters, on October 28, the US Department of Energy finally finalized a loan of 2.26 billion US dollars to fund lithium miners Lithium Americas to build the THACKER PASS Lithium Mining Project in Nevada. This is the US government conducted in the mining field. One of the biggest investments is also part of the widespread efforts to promote key mineral production. The loan has been temporarily approved by the US government in March this year. It is a key part of US President Joe Biden’s reduction in China (the world’s largest electric […]
Tesla announced today that its first store in Metro Manila, the capital of the Philippines, will hold a media open house on November 8 and officially open to the public on November 9. The store is located in Uptown Bonifacio Shopping Center in Taguig City and is part of the company’s expansion in the Southeast Asian market. Earlier this year, Tesla started construction of the store in the metropolitan area of the Philippines. The opening of the store marks Tesla’s further layout in the Philippine market and demonstrates its growth potential in Southeast Asia. Although Tesla has not yet announced the first batch of models to be launched, industry […]
According to Reuters, US government officials, industry experts, and sources said that whether Trump or Harris serves as the next US president, it is expected that new measures will take new measures to slow down the imported chips, smart cars and other products from China. At the same time, it will further limit the manufacturing equipment for export chips and artificial intelligence chips that are highly valued. Former US National Security Council official Peter Harrell said that China and the United States are competing fiercely in science and technology such as data, software and interconnection equipment. Last month, the United […]
South Africa’s car exports fell significantly in October 2024, mainly due to the increasingly stringent EU carbon emission standards for cars. According to data from the South African Automobile Industry Association (NAAMSA), South Africa’s car exports in October fell 42.6% from the same period last year to just 17,324 units. The decline reflects the slowdown in demand in the EU market, especially against the backdrop of the EU’s stricter new carbon emission regulations. The EU will gradually implement a series of strict carbon emission standards from 2023, requiring all cars imported into the region to meet lower carbon dioxide emission limits. This policy change has a direct impact on […]