According to foreign media reports, tariffs on electric vehicle batteries and materials imported from China increased by more than triple to 25% in 2024, forcing Volvo Cars to produce pure electric flagship SUV EX90 (the main model of Volvo) in the United States The pure electric version of XC90 is looking for domestic battery suppliers in the United States. The EX90 is assembled at Volvo’s factory in Ridgeville, South Carolina, USA, using batteries supplied by CATL. But Volvo Cars CEO Jim Rowan said higher tariffs put pressure on EX90’s profits. “We are currently working to find domestic […]
According to foreign media reports, Ford Motor CEO James Farley warned at an investor meeting that the U.S. imposing tariffs on Canadian and Mexican imported goods will not only hit the U.S. auto manufacturing industry, but will also give overseas competitors a price advantage. Although U.S. President Trump briefly put aside a plan to impose a 25% tariff on all imported goods from Canada and Mexico, he said on February 10 that from March 12, 25% of all imported steel and aluminum will be imposed. tariff. Despite warnings that disrupting North American supply chains is expensive for […]
According to foreign media reports, Vietnamese electric vehicle manufacturer VinFast said on February 13 that it delivered a total of about 97,000 vehicles last year, almost three times that of 2023, exceeding the annual sales target of 80,000 vehicles after the cut ( The company initially planned to sell 100,000 cars last year). Thuy Le, chairman of VinFast, said: “VinFast’s performance in 2024 exceeded expectations and demonstrated its resilience in the face of market volatility and macroeconomic instability. However, most of VinFast’s sales are still from the Vietnamese local market. While VinFast […]
According to foreign media reports, General Motors CEO Mary Barra recently said that in the short term, the company is confident of responding to the impact of US President Trump’s threat to impose tariffs on imported goods from Canada and Mexico. Mary Barra said that GM has made emergency plans for the United States to impose tariffs on auto parts and vehicles imported from the two neighboring countries. This includes the possibility of avoiding the short-term impact of 30% to 50% of the additional costs without investing “no money”. “We are ready to […]
According to foreign media reports, on February 11, Jaguar Land Rover announced in a statement that it plans to invest $180 million in its North American technology center in the next decade to develop self-driving cars and interconnected technologies. Jaguar Land Rover spokesman David Wrottersley revealed in an email that the investment will be distributed evenly over the next decade and will be dedicated to the company’s operating costs and engineering development at the Tech Center in Portland, Oregon, USA. Wrottersley said the investment is part of Jaguar Land Rover’s “Reimagine” plan, […]
According to the U.S. Automotive News, a report written by consulting firm Dunne Insights for European Initiative for Energy Security (EIES) said that European automakers should act quickly and decisively to shake China’s battery and Dominance in the electric vehicle field and seeking to establish more cooperation with non-Chinese companies. Traditional European automakers should embrace Tesla and try to capitalize on Tesla’s growing presence in Europe, the report said. Dunne Insights believes that working closely with Tesla to assess its demand for battery supply chain, mineral processing and recycling in Europe may bring opportunities for European companies. […]