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

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

Rbob gasoline supercar launches counterattack.

Author: Chai Xuchen Editor: Zhou Zhiyu. Faced with the trend of new energy electrification and the loss of market share under the price war, joint venture car companies have “renewed” their famous “miracle cars” and tried to make a strong counterattack. On May 30th, SAIC Volkswagen launched the Tiguan L Pro, which has been preheated for nearly two months. The event also invited responsible persons from DJI Car, Tencent Travel, and Iflytek Co., Ltd to demonstrate their strength in intelligent driving and cabin. As the “meritorious model” of SAIC Volkswagen, the Tiguan has been almost a representative of Volkswagen SUVs in the past 15 years.

wallstreetcnJun 4 01:15 ET

Lynk & Co carries the banner of Geely's counterattack

The hybrid wind starts.

wallstreetcnMay 22 20:36 ET

Tram delivery “Super Smash” in April: NIO is booming, Xiaopeng is left behind, and the Xiaomi SU7 delivered over 7,000 vehicles in the first month

On the first day of the May 1st holiday, domestic electric vehicle companies' delivery reports were released one after another!

wallstreetcnMay 1 08:04 ET