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EU shocks China with EV duties of up to 38%

Automotive Industry POLITICO - 2024-06-12

Beijing has threatened to retaliate against European aviation, farmers and spirits makers if Brussels targets its electric vehicle makers with punitive tariffs. …

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Audi to invest $1 bn in EV projects in Mexico

Automotive Industry Automotive News Europe - 2024-06-12

Audi Mexico has already begun installing the equipment necessary for the production of a car with 'E-tron' — or fully electric — equipment. …

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EV tariffs alone will not deliver on the promise of the EU Green Deal

News from Brussels Transport & Environment - 2024-06-12

Just introducing tariffs while scrapping the 2035 cars law would be self defeating. …

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Mercedes, BMW, VW criticize EU's high tariffs on Chinese EV imports

Automotive Industry Automotive News Europe - 2024-06-12

German automakers could face counter measures in China to the EU's new tariffs on Chinese EV exports to Europe. China is a key profit center for the companies. …

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Commission investigation provisionally concludes that electric vehicle value chains in China benefit from unfair subsidies

News from Brussels European Commission - 2024-06-12

As part of its ongoing investigation, the Commission has provisionally concluded that the battery electric vehicles (BEV) value chain in China benefits from unfair subsidisation, which is causing a threat of economic …

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Tariffs might buy us time, but won’t reverse the threat to EU competitiveness

News from Brussels CLEPA - 2024-06-12

The European Commission today announced its provisional decision to increase tariffs on battery electric vehicles (BEVs) manufactured in China and exported into the European Union. …

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GM cuts EV production forecast, approves $6 billion share buyback

Automotive Industry Reuters - 2024-06-11

General Motors cut its annual EV production forecast and announced a new $6 bn share buyback plan on Tuesday, 11 June 2024, as the automaker banks on demand from its gasoline-powered models. …

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Heavy, dirty, tardy: Company car electrification lagging behind private market for third year in a row

News from Brussels Transport & Environment - 2024-06-11

Electrification in the company car market lags behind - particularly in Europe’s biggest car markets France and Germany, a new report by green group Transport & Environment (T&E) finds. …

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Ford sticks to plan to end Focus production in Germany despite EV slump

Automotive Industry Automotive News Europe - 2024-06-11

The production of the compact car, which has an internal-combustion drivetrain, is set to end in 2025, and operations at the Saarlouis factory are winding down. …

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Business Intelligence: International trade is a complex beast—but beware

News from ECG ECG - 2024-06-11

The tit-for-tat and boom-for-bash playing field of tariffs and quotas, subsidies and dumping, are never a level playing field. But as vehicle exports from China continue to grow, scrutiny is intensifying. …

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