EU Tariffs on China EVs: Who Are the Winners and Losers?

The European Union announced it will hike tariffs to as high as 48% on electric Chinese imported vehicles. China has threatened retaliation across agriculture, aviation and cars with large engines. Bloomberg's Danny Lee reports.

BloombergJun 13 08:01 ET

Li Yunfei of BYD: corporate competition is like playing cards, one should act according to their ability and not destroy the rules because of temporary gains and losses.

During June 6th and June 8th, Li Yunfei, the General Manager of Brand and Public Relations Department of BYD Company Limited, delivered a speech at the 2024 China Auto Chongqing Forum (CACS2024). Li Yunfei pointed out that in terms of price wars, companies should act according to their abilities due to their different sizes and situations. He looked back at the past two years, during which many auto companies, including BYD, had to raise prices due to the reduction of subsidies and the increase in raw material costs. However, with the decrease in raw material prices, price reductions are now possible. As for consumers, he emphasized that companies should not fool consumers, but should provide better services.

wallstreetcnJun 7 12:21 ET

Vanke paid off this year's US dollar bonds at one go.

Improve liquidity.

wallstreetcnJun 5 10:21 ET

Tesla's sales in China increased by 17% compared to the previous year in May, due to the recovery of demand for EV.

Tesla, a leading American electric automobile company, saw an increase in passenger vehicle sales in China in May compared to the previous year. The recovery in EV demand is attributed to the Chinese government's trade-in program and the Beijing Motor Show, which drew consumers' interest. According to preliminary figures released by the China Passenger Car Association (CPCA) on the 4th, Tesla sold 72,573 units in May, a 17% increase from the same month last year.

Dow JonesJun 4 07:21 ET

"Express Delivery King" takes an important step forward.

Author | Huang Yu Editor | Zhou Zhiyu Last year, the three major logistics giants sprinted to the Hong Kong Stock Exchange. In the end, Goku took the lead in listing. Cainiao chose to withdraw its listing application, while SF Express remained undecided. More than three months after the initial filing failed, SF Express finally ushered in good news when it went public for the second time in Hong Kong. On June 2, SF Express announced that it has recently received confirmation from the China Securities Regulatory Commission on its overseas issuance and listing. It plans to issue no more than 625 million overseas listed common shares and list them on the Hong Kong Stock Exchange. This means that SF Express has finally obtained the “roadmap” to go public in Hong Kong, and may soon re-submit the form to the Hong Kong Stock Exchange. In the near future, SF Express will

wallstreetcnJun 3 08:58 ET

Chevrolet's “magic car” left lonely

An inflection point for second-tier joint venture brands.

wallstreetcnMay 31 07:07 ET