On the evening of October 10, GAC Group issued the announcement of the 70th meeting of the 60th board of directors. In many proposals and approved, including the “Proposal on Strategic Investment Cucin’s Technology” and “Proposal on Strategic Investment of Pony Smart”. In order to strengthen the industrial chain coordinated layout in key components such as smart line control chassis, it agrees that the company’s wholly -owned subsidiary GAC Parts Co., Ltd. is based on the evaluation value of the target enterprise Chen Zhi Technology Co., Ltd. Enterprises make capital increase and obtain 30%equity. […]
According to foreign media reports, Tesla’s Berlin Gigafactory in Germany produced its 400,000th vehicle at the end of September. This milestone was achieved two and a half years after the factory began producing Model Y. German media quoted Tesla Germany’s internal chat messages on September 25 as saying that the electric car maker celebrated the achievement by giving employees extra time off and hosting a pizza party. However, foreign media said that Tesla Berlin Gigafactory manager André Thierig was not necessarily very happy about this milestone. While achieving production of 400,000 vehicles in two and a half years is satisfying, Thierig stressed that other German carmakers have recently […]
China has filed a request for consultations with Turkey at the WTO in response to Turkey’s move to impose tariffs on electric cars imported from China, the Chinese Foreign Ministry said in a statement on Oct. 8, Reuters reported. In a statement in Turkish, the Chinese Foreign Ministry said, “Turkey’s discriminatory measure of imposing a 40 percent additional tariff on electric cars and other vehicles imported from China and setting import license restrictions is in violation of WTO rules and a typical protectionist practice. We urge the Turkish side to abide by its relevant commitments in the WTO and immediately correct the […]
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. […]
According to Reuters, on October 9, Thomas Schaefer, head of the Volkswagen brand, said that the Volkswagen brand aims to launch eight new affordable electric models by 2027 to win back market share. At the same time, Thomas Schaefer said that the Volkswagen brand must produce profitable cars and put them on the market at affordable prices. In addition, the report also stated that the development time of the Volkswagen ID.2 electric compact car will be shortened from 50 months to 36 months. Volkswagen Group has made a model plan for the next 10 years (2024-2034). The following are some of the models that Volkswagen Group will launch […]