According to foreign media reports, on August 31, the U.S. government once again postponed announcing a final decision to significantly increase tariffs on Chinese-made electric vehicles, batteries, semiconductors, and solar cells, saying that it would do so in the coming days. A spokesperson for the Office of the U.S. Trade Representative (USTR) said the agency “will continue to make a final decision on the proposed changes based on the U.S. government’s tariffs on Chinese goods in 2018 and 2019.” In a statement, a USTR spokesperson said, “The USTR will continue to make final determinations on proposed changes to […]
The Republican presidential campaign has said that if Donald Trump is elected as the next U.S. president, he will repeal many of current U.S. President Joe Biden’s clean-energy regulations, as well as speed up approvals for power plants to meet growing U.S. electricity demand, according to Reuters. President Joe Biden’s clean energy regulations on emissions from power plants and vehicles were designed to reduce carbon emissions from the power sector while pushing the auto industry to transition to electric vehicles to reduce tailpipe pollution. However, David Bernhardt, then Secretary of the Interior in the Trump Administration, said in a conference call organized by the […]
September 2, 2024 – Magna International Inc., in collaboration with the China Council for the Promotion of International Trade (CCPIT) Automotive Sub-Council, has released a groundbreaking report titled “Blueprint for the Globalization of the Chinese Automotive Industry.” This comprehensive study marks a significant step in understanding and shaping the international expansion of China’s automotive sector. The report, unveiled at a high-profile press conference, outlines a detailed roadmap for Chinese automotive companies as they navigate the complexities of global markets. It provides an in-depth analysis of current trends, challenges, and opportunities, and offers strategic recommendations to help Chinese automakers enhance their global presence. Key findings of the report include: […]
September 2, 2024 – According to the latest data, new car sales in Europe for July 2024 remained stable compared to the same period last year, with no significant growth or decline observed. However, Germany has experienced a notable drop in electric vehicle (EV) sales, drawing widespread attention from industry experts. The European Automobile Manufacturers’ Association (ACEA) reported that while the overall European market for new cars remained steady, the German electric vehicle market faced unprecedented challenges. In July, electric vehicle sales in Germany plummeted by nearly 30% year-on-year, signaling a setback in Germany’s push toward electrification. Industry analysts suggest that the dramatic decline in German EV sales […]
On August 29, U.S. Trade Representative Katherine Tai strongly supported Canada’s imposition of 100 percent tariffs on Chinese-made electric cars, as well as 25 percent tariffs on steel and aluminum imports from China, Reuters reported. This comes after the U.S. imposed similar tariffs on Chinese products. In a statement released by the Office of the U.S. Trade Representative, Dyche praised Canada for taking “strong action against China’s state-subsidy policies to eliminate the threat of non-market behavior to the auto industry.” Dyche said it was an important step in ensuring a level playing field for Canadian workers and companies in the […]
According to foreign media reports, due to further weakness in electric vehicle demand in Germany, Europe’s largest auto market, European car sales in July were essentially flat year-on-year. On August 29, the European Automobile Manufacturers’ Association (ACEA) released data showing that in July this year, new car registrations in the European Union, the European Free Trade Association (EFTA) and the UK market rose only 0.4% year-on-year to 1.03 million units. Among them, gasoline car sales fell 8.4% year-on-year; diesel car sales fell 11% year-on-year; and hybrid car sales jumped 24% year-on-year, the most European sales growth in the month. By comparison, Europe’s […]