U.S. Treasury Secretary Janet Yellen has called on the European Union to collaborate with the United States in addressing the surge of Chinese green-tech exports, warning that the influx threatens global manufacturing sectors.
Dan Ives, Managing Director of Wedbush Securities and Senior Equity Analyst, said on Friday that China EV makers will "aggressively go after Europe" as Biden administrations prepares to increase tariffs from 25 to 100 percent next week.
The upcoming week can see tariffs on clean-energy goods from China increasing as much as 400 percent. When it comes to the tariffs on electric vehicles manufactured in China, US officials expect to raise the tariff rate from 25 percent to nearly 100 percent, sources told WSJ.
The Biden administration is poised to unveil fresh tariffs on China next week, with a focus on key sectors such as electric vehicles, batteries, and solar cells, diverging from Trump's broad tariff approach.
According to data released by the German Federal Motor Transport Association, April saw the registration of 243,102 passenger cars, with 29,668 being fully electric.
On Tuesday, the weekly car insurance figures for China from April 22 to 28 were published, showing a notable surge for most automakers compared to the previous week.
China's weekly car insurance data for the period of April 15 to 21 was released on Tuesday, revealing that passenger car sales soared to 354,000 units. New energy vehicles (NEVs) maintained their 47% market share, consistent with the previous week, with a total of 159,000 units sold.
According to the latest new energy sales (NEV) sector, issued this Tuesday, Li Auto, known for its fully electric model Li Mega and four hybrids, secured 6,000 units, matching Tesla's performance.
In March, the European Union's car market faced its first monthly decline of the year, marking a 5.2% drop to 1 million units — the European Automobile Manufacturers' Association (ACEA) numbers unveiled on Thursday.
According to the latest new energy sales (NEV) sector, issued this Tuesday, Li Auto, known for its fully electric model Li Mega and four hybrids, secured 6,000 units, matching Tesla's performance.
According to the latest new energy sales (NEV) sector, issued this Tuesday, Li Auto, known for its fully electric model Li Mega and four hybrids, secured 6,000 units, matching Tesla's performance.
In the latest update from the automotive sector, revealed this Tuesday, BYD led the ranking with over 45 thousand units registered in China. The week was marked by the Qingming Festival in the country, a three-day holiday occurring every early April.
BYD, China's biggest electric vehicle maker, is finalising the preparations to announce its new plant in Mexico. The company targets sales of over 100,000 units in Mexico by 2025, leveraging the new factory for potential exportation to the rest of Latin America in subsequent phases.
The People's Bank of China (PBOC) and the financial regulator issued a notice on Wednesday, adjusting the relevant policies for car loans in the country.
