On October 4, representatives of EU member states voted to adopt the draft final ruling on the EU electric vehicle countervailing case submitted by the European Commission, proposing to impose a final countervailing duty on electric vehicles originating in China. In response, Geely Holding Group said that the European Commission’s decision to impose countervailing duties is not constructive. Geely Holding Group said in a statement that it is very disappointed with the European Commission’s decision. The decision to impose countervailing duties is not constructive and will hinder the economic and trade relations between the EU and China, which […]
The Chinese side is studying raising tariffs on imported large-displacement fuel vehicles and will start imposing tariffs on European exports of brandy after EU member states voted to adopt the draft final ruling on the EU’s countervailing case on electric vehicles, which may further escalate the trade conflict between China and Europe. On October 8, China’s Ministry of Commerce said in a statement that the Chinese side is studying measures such as raising tariffs on imported large-displacement (engine displacement greater than 2.5 liters) fuel vehicles to firmly safeguard the legitimate rights and interests of Chinese industries and enterprises. […]
NIO has signed a strategic cooperation agreement with its strategic investor CYVN to establish an advanced technology R&D center in Abu Dhabi, UAE. This center will focus on smart driving and artificial intelligence technology development, further expanding NIO’s global R&D footprint and fostering technological innovation in the Middle East and North Africa (MENA) region. Additionally, NIO and CYVN will jointly develop a new model tailored for the local market to better meet the growing demand for smart electric vehicles in the area. NIO also announced its official entry into the MENA region, with operations to be conducted through a joint venture called NIO MENA Company, providing services to local users […]
China and Europe’s auto manufacturing industry, the urgent need to construct a new common interests. “The EU’s vote did not take into account (China’s possible launch of) punitive tariffs! Can not start a trade war, (disputes) need to be resolved through negotiations.” Local time on October 4, just as the representatives of the EU member states voted to adopt the draft final ruling submitted by the European Commission on the EU’s countervailing case on electric vehicles, German Finance Minister Christian • Lindner in his X homepage, released the above tweet. On the same day, […]
According to Reuters, on October 4, Waymo, a subsidiary of Alphabet, announced a partnership with South Korean automaker Hyundai to expand its autonomous taxi fleet in the U.S. As part of this collaboration, Waymo will integrate Hyundai’s electric vehicles into its fleet, starting with the Hyundai IONIQ 5 SUV. The IONIQ 5s equipped with Waymo’s autonomous driving technology will be assembled at Hyundai’s plant in Georgia, with road testing expected to begin by the end of 2025. Jose Munoz, Hyundai’s Global Chief Operating Officer, stated, “Our new manufacturing team is ready to provide a significant number of vehicles for the expanding Waymo One fleet. We are actively exploring further […]
Sales of new electric or hybrid vehicles in Brazil are expected to surpass sales of internal combustion engine vehicles in 2030, according to a study released on Sept. 27 by the Brazilian Automobile Manufacturers Association (Anfavea), Reuters reported. Brazil is the eighth-largest auto producer in the world and the sixth-largest auto market in the world when measured by the countries’ domestic sales, according to data released by Anfavea earlier this year. The study also suggests that by 2040, sales of new all-electric or hybrid vehicles in Brazil may account for more than […]