German car manufacturers under pressure
5 months, 4 weeks ago

German car manufacturers under pressure

China Daily  

LI MIN/CHINA DAILY There is still time for the EU and China to avoid new tariffs and agree on local content requirements that serve all In mid-June, after months of investigation, the European Commission announced potential import tariffs on battery electric vehicles from China in the range of 17 to 38 percent, differentiated by manufacturer. However, when we look at battery electric vehicles only, Chinese brands already account for 8 percent of new car registrations in Germany. The German government's purchase incentives for electric vehicles ended rather suddenly in late 2023, and the market share of battery electric vehicles has been stagnant at around 13 percent. Second, if the Chinese government decided to respond with increased tariffs on vehicle imports from Europe, German automakers would be hit especially hard, as they have a long history of sales activity in China.

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History of this topic

British car production plunges to its lowest level in more than four decades - as automakers struggle to deal with falling demand
4 days, 15 hours ago

British car production plunges to its lowest level in more than four decades - as automakers struggle to deal with falling demand

Daily Mail  

British car production has plunged to its lowest level in more than 40 years as automakers struggle to deal with falling demand. Around 64,216 new cars rolled off UK production lines last month, down 30 per cent from last year, according to industry body the Society of Motor Manufacturers and Traders. So far this year, car production is down nearly …

Europe’s Big Battery Ambitions Are Failing, and China Is Benefiting
2 weeks ago

Europe’s Big Battery Ambitions Are Failing, and China Is Benefiting

Live Mint  

Europe’s bid to build a homegrown battery industry to break China’s dominance in electric vehicles is failing. “The failure to establish domestic battery manufacturing capabilities threatens the very existence of the automotive industry in Europe,” said Andy Palmer, former chief executive officer of Aston Martin Global Lagonda Holdings Plc. By the time Europe’s automakers went all in on electric cars, …

German auto supplier Bosch to cut 5,500 jobs in further sign of carmakers’ woes
1 month ago

German auto supplier Bosch to cut 5,500 jobs in further sign of carmakers’ woes

Associated Press  

FRANKFURT, Germany — Germany’s technology and services company Bosch said Friday it planned to reduce its automotive division workforce by as many as 5,500 jobs in the next several years in another sign of the headwinds hitting the German and global auto industries. The company cited stagnating global auto sales, too much factory capacity in the auto industry compared with …

New car market fell 6% last month
1 month, 2 weeks ago

New car market fell 6% last month

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “EVs already work for many people and businesses, but …

How electric car sales have slumped around the world
1 month, 3 weeks ago

How electric car sales have slumped around the world

Daily Mail  

Electric vehicles have been touted as an environmentally-friendly solution to the climate crisis, giving passengers a smooth, emissions-free ride. Meanwhile, Chinese car manufacturer BYD – the world's largest seller of electric vehicles – saw global EV sales crash earlier this year. Electric vehicles run on energy from a charged battery much like a smartphone but come with hefty pricetags – …

The EU will impose duties on electric vehicle imports from China from Thursday
1 month, 3 weeks ago

The EU will impose duties on electric vehicle imports from China from Thursday

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

German Automakers Embolden Against Chinese Competition
2 months ago

German Automakers Embolden Against Chinese Competition

China Daily  

German carmakers are being encouraged by the German Chancellor to face competition from China in the electric vehicle market. German Chancellor Olaf Scholz called on German automakers not to be afraid of competition from Chinese rivals, and encouraged them to join hands with local Chinese technology companies to develop new models tailored for tech-savvy Chinese consumers.

BMW and Mercedes-Benz sales plunge in China as luxury car slowdown worsens
2 months, 2 weeks ago

BMW and Mercedes-Benz sales plunge in China as luxury car slowdown worsens

Hindustan Times  

BMW AG and Mercedes-Benz Group AG saw car sales slump in China in the third quarter as weak consumer sentiment in their biggest market weighed on luxury spending. An interior of a BMW i7 electric car is seen during a press conference announcing a joint venture between Tata Technologies and BMW Group, in Mumbai, India, October 8, 2024 {{^userSubscribed}} {{/userSubscribed}} …

Chinese carmakers sell fewest EVs in Europe since February 2023
2 months, 3 weeks ago

Chinese carmakers sell fewest EVs in Europe since February 2023

Hindustan Times  

Chinese manufacturers sold the fewest electric cars in 18 months to customers across Europe, with registrations falling by nearly half in August from a year earlier. MG, the British nameplate that’s now part of SAIC Motor Corp., lost its top spot across Europe to Chinese rival BYD Co., according to Jato Dynamics, which also tracks the automotive market. Uncertainty tied …

Germany suffers ‘spectacular’ 70pc drop in electric car sales
3 months ago

Germany suffers ‘spectacular’ 70pc drop in electric car sales

The Telegraph  

Germany has suffered a “spectacular” drop in electric car sales as the European Union faces growing calls to delay its net zero vehicle targets. ACEA said “the spectacular drop” in both countries meant that only 92,627 battery electric vehicles were registered across Europe last month, a fall of 43.9pc compared to a year earlier. Mike Hawes, head of the SMMT, …

Glory days for automakers like Ford, General Motors in China are over
3 months, 3 weeks ago

Glory days for automakers like Ford, General Motors in China are over

CNN  

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. The rapid rise of China’s homegrown electric vehicle makers, such as BYD and Xpeng, is upending the largest passenger car market on the planet and leaving the world’s biggest carmakers on the losing …

Volkswagen electric car brand would be ‘wiped out’ by EU tariffs
3 months, 3 weeks ago

Volkswagen electric car brand would be ‘wiped out’ by EU tariffs

The Telegraph  

An electric vehicle brand owned by Volkswagen would be “wiped out” by proposed European Union tariffs aimed at China, according to a top executive at the car giant. Models in Volkswagen’s Cupra brand are designed in Spain but include cars made in China, which would face tariffs of 21.3pc under proposals from the European Commission. Raising the price of the …

Practical Sino-German cooperation boon for both
3 months, 3 weeks ago

Practical Sino-German cooperation boon for both

China Daily  

Employees of BMW Brilliance Automotive work on the production line in Shenyang, Liaoning province, in May. CHINA DAILY After the European Commission announced that it would impose high tariffs on Chinese new energy vehicles, German automakers such as BMW, Volkswagen and Mercedes-Benz expressed their opposition. "We don't think that our industry needs protection," BMW CEO Oliver Zipse was reported by …

Chinese electric cars will be dumped in Britain, experts warn
4 months, 1 week ago

Chinese electric cars will be dumped in Britain, experts warn

The Telegraph  

Chinese electric cars will be funnelled towards Britain as manufacturers seek to avoid punishing European Union tariffs, analysis predicts. However, the analysis said Chinese brands see Britain as a particularly attractive market for right-hand drive cars because of tough policies such as the zero emission vehicle mandate, which compels car makers to sell rising proportions of EVs. “The UK is …

German firms keen to invest more in China
4 months, 1 week ago

German firms keen to invest more in China

China Daily  

Volkswagen showcases its ID series at the Green and Smart Auto Shanghai 2024 in June. PHOTO/CHINA DAILY German companies are determined to ramp up investment in China, motivated by the country's heightened focus on expanding market openness and fast-growing industries, said business executives and market watchers. Sharing similar views, Xu Daquan, president of Bosch Investment Ltd, a country branch of …

German firms keen to invest more in China
4 months, 1 week ago

German firms keen to invest more in China

China Daily  

By ZHONG NAN | China Daily Global | Updated: 2024-08-16 09:58 Volkswagen showcases its ID series at the Green and Smart Auto Shanghai 2024 in June. PHOTO/CHINA DAILY German companies are determined to ramp up investment in China, motivated by the country's heightened focus on expanding market openness and fast-growing industries, said business executives and market watchers. Sharing similar views, …

Tariff hike fears drive Chinese EV sales
4 months, 3 weeks ago

Tariff hike fears drive Chinese EV sales

China Daily  

BYD's electric models attract visitors at a new energy auto expo in Beijing. The surge in Chinese electric vehicle sales across Europe in June was mainly driven by looming tariff threats, newly released data reveal. According to analytics company Dataforce, Chinese carmakers captured a record 11 percent of the European EV market in June. In early July, the EU announced …

Tariff hike fears drive Chinese EV sales
4 months, 3 weeks ago

Tariff hike fears drive Chinese EV sales

China Daily  

By JULIAN SHEA in London | China Daily Global | Updated: 2024-08-01 09:30 BYD's electric models attract visitors at a new energy auto expo in Beijing. The surge in Chinese electric vehicle sales across Europe in June was mainly driven by looming tariff threats, newly released data reveal. According to analytics company Dataforce, Chinese carmakers captured a record 11 percent …

Porsche scraps electric car targets as demand slumps
5 months ago

Porsche scraps electric car targets as demand slumps

The Telegraph  

Porsche has abandoned its sales targets for electric vehicles amid waning demand from customers. It comes after a slew of rival car companies watered down plans for electric models, cast doubt on customer enthusiasm for the technology and expressed support for low-carbon alternatives to petrol known as e-fuels. “Our product strategy is set up such that we could deliver over …

As EV tariff talks continue, China urges pragmatism
5 months ago

As EV tariff talks continue, China urges pragmatism

China Daily  

China-made new energy vehicles await shipment to Europe in Xiamen, Fujian province. JIANG KEHONG/XINHUA BEIJING/BRUSSELS — China has reiterated its stance on reaching a mutually acceptable solution to a trade spat involving Chinese electric vehicles exported to the European Union as talks between the two sides continue. Indispensable EVs There has been growing consensus that the world will require significantly …

As EV tariff talks continue, China urges pragmatism
5 months ago

As EV tariff talks continue, China urges pragmatism

China Daily  

China-made new energy vehicles await shipment to Europe in Xiamen, Fujian province. JIANG KEHONG/XINHUA BEIJING/BRUSSELS — China has reiterated its stance on reaching a mutually acceptable solution to a trade spat involving Chinese electric vehicles exported to the European Union as talks between the two sides continue. Indispensable EVs There has been growing consensus that the world will require significantly …

Countering EU misconceptions about Chinese electric vehicles imperative
5 months, 1 week ago

Countering EU misconceptions about Chinese electric vehicles imperative

China Daily  

The exhibition area of BYD during the Ecar Show 2024 in Lisbon, Portugal, in May. WEN XINNIAN/XINHUA GENEVA — The EU's decision to impose provisional tariffs on electric vehicles imported from China starting July 4 has triggered strong dissatisfaction from both Chinese and European automakers, prompting the two sides to start consultations on the EU's anti-subsidy investigation of Chinese EVs …

Chinese carmakers to possess 33% market share by 2030: report
5 months, 3 weeks ago

Chinese carmakers to possess 33% market share by 2030: report

China Daily  

An exterior view of the first dealership opened by Chinese carmaker BAIC, April 6, 2023, in Russia. Chinese branded carmakers are expected to take up 33 percent of the overall global market share by 2030 according to a report by Global consulting firm AlixPartners, financial news outlet Cailian Press reported on Friday. Sales volume of Chinese-branded vehicles in the overseas …

German car manufacturers under pressure
5 months, 4 weeks ago

German car manufacturers under pressure

China Daily  

LI MIN/CHINA DAILY There is still time for the EU and China to avoid new tariffs and agree on local content requirements that serve all In mid-June, after months of investigation, the European Commission announced potential import tariffs on battery electric vehicles from China in the range of 17 to 38 percent, differentiated by manufacturer. However, when we look at …

Electric car sales tumble across Europe as demand plummets in Germany
6 months ago

Electric car sales tumble across Europe as demand plummets in Germany

The Telegraph  

Sales of electric vehicles plunged across Europe last month, fuelled by a sharp drop-off in demand in Germany. Official figures show that sales for new EVs fell by 30pc in Germany last month, which led to a broader fall of 12.5pc across the Continent. The European Commission unveiled a raft of new trade tariffs of up to 48pc on EVs, …

German trade bodies decry EV tariffs
6 months ago

German trade bodies decry EV tariffs

China Daily  

BYD new energy vehicles on display during an expo in Munich, Germany. The European Union's move to temporarily impose high additional tariffs of up to 38.1 percent on Chinese battery electric vehicles or BEVs from July weakens global cooperation and increases the risk of a global trade conflict, said German trade bodies recently. Hildegard Muller, president of the German Association …

German experts criticize EU tariffs on Chinese EVs
6 months ago

German experts criticize EU tariffs on Chinese EVs

China Daily  

By XING YI in London | China Daily Global | Updated: 2024-06-18 09:03 A view of Chinese carmaker BYD's assembly line of new energy vehicles in Zhengzhou, Henan province. The European Union's decision to impose additional tariffs on Chinese battery electric vehicles is a protectionist move that could trigger a global trade conflict and slow down Europe's electric mobility transition, …

Chinese cars making inroads Down Under
6 months, 1 week ago

Chinese cars making inroads Down Under

China Daily  

It was not all that long ago when Australian roads were dominated by cars from the United States, Europe, Japan and South Korea. He told China Daily: "At the time Australia still had a domestic car sector which made entry all that more difficult for new entrants to the market. "Chinese EVs are cheaper in Australia than in Europe or …

For China’s booming EV industry, US and EU markets a tough nut to crack
6 months, 1 week ago

For China’s booming EV industry, US and EU markets a tough nut to crack

Al Jazeera  

Chinese EVs are facing a slew of tariffs in Western markets as policymakers fear local brands cannot compete on price. “Many Chinese EVs are made with excellent materials and have been put together well – they are high-quality cars,” Berner, a mechanical engineer by trade, told Al Jazeera. So far, Beijing has called the EU tariff hikes a “typical case …

The brutal truth about the West’s war on Chinese electric cars
6 months, 1 week ago

The brutal truth about the West’s war on Chinese electric cars

The Telegraph  

Which companies will be hit the hardest by the European Union’s crackdown on Chinese electric vehicles? Western manufacturers such as Tesla and BMW – which make cars in China and then ship them to Europe – risk being the biggest losers from the EU’s tough new tariffs crackdown on EV imports. At least, that’s the counter-intuitive conclusion being drawn by …

Europe wants affordable electric vehicles from China. But not at the cost of its own auto industry
6 months, 1 week ago

Europe wants affordable electric vehicles from China. But not at the cost of its own auto industry

Associated Press  

FRANKFURT, Germany — The European Union moved Wednesday to hike tariffs, or import taxes, on electric vehicles made in China. The European Commission, the EU’s executive arm, said the preliminary results of its ongoing investigation into Chinese EV subsidies show that the country’s battery electric vehicle “value chain” benefits from “unfair subsidization” that hurts EU rivals. The commission took aim …

Europe wants affordable electric vehicles from China. But not at the cost of its own auto industry
6 months, 1 week ago

Europe wants affordable electric vehicles from China. But not at the cost of its own auto industry

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The European Commission, the EU’s executive arm, said the …

The European Union threatens to hike tariffs on Chinese electric car imports, escalating trade spat
6 months, 1 week ago

The European Union threatens to hike tariffs on Chinese electric car imports, escalating trade spat

Deccan Chronicle  

BRUSSELS: The European Union threatened Wednesday to hike tariffs on Chinese electric vehicles, escalating a trade dispute over Beijing's subsidies for the exports that Brussels worries is hurting domestic automakers. The European Commission, the EU's executive arm, said it would impose provisional tariffs that would result in Chinese automakers facing additional duties of as much as 38%, up from the …

Chinese electric cars flood Australian market, benefiting consumers but raising concerns
6 months, 1 week ago

Chinese electric cars flood Australian market, benefiting consumers but raising concerns

ABC  

Quietly zipping around the streets of Canberra, Awadhesh Prasad's red SUV cuts a striking figure against the dappled autumn light and golden leaves. "About 15 years ago, when nobody else was doing anything about batteries, China saw the opportunity," said Kwangyin Liu, a journalist at Taiwan's Commonwealth Magazine who specialises in cars, climate change and energy. " "And these factors …

EU threatens tariff hike of up to 38% on Chinese electric vehicles
6 months, 1 week ago

EU threatens tariff hike of up to 38% on Chinese electric vehicles

Al Jazeera  

The spat over EVs is part of a wider trade dispute over Chinese state support for green technologies. The European Union will hike tariffs on Chinese electric vehicles on July 4, unless Beijing fail to agree a “solution” to subsidies that the bloc says are distorting its markets. The commission believes Chinese-built EVs are 20 percent cheaper than their European …

European Commission puts brake on green transition
6 months, 1 week ago

European Commission puts brake on green transition

China Daily  

People visit the booth of Chinese carmaker Xpeng during the 2023 International Motor Show, officially known as the IAA MOBILITY 2023, in Munich, Germany, Sept 5, 2023. Despite the strong opposition of the Chinese side, the European Commission is expected to levy provisional duties on made-in-China electric vehicles from July 4, EU officials told Chinese automakers on Monday, without disclosing …

SOEs set roadmap for rapid transformation
6 months, 2 weeks ago

SOEs set roadmap for rapid transformation

China Daily  

Workers operate at a production line of SAIC-GM-Wuling in Liuzhou, Guangxi Zhuang autonomous region, in May. With China's EV industry developing advantages of scale after more than a decade of growth, State-owned automakers, such as China FAW Group, Dongfeng Motor Corp, Guangzhou Automobile Group and Beijing Automotive Group, are reinforcing their positions in the fuel-powered vehicle market while aggressively expanding …

SOEs set roadmap for rapid transformation
6 months, 2 weeks ago

SOEs set roadmap for rapid transformation

China Daily  

Workers operate at a production line of SAIC-GM-Wuling in Liuzhou, Guangxi Zhuang autonomous region, in May. With China's EV industry developing advantages of scale after more than a decade of growth, State-owned automakers, such as China FAW Group, Dongfeng Motor Corp, Guangzhou Automobile Group and Beijing Automotive Group, are reinforcing their positions in the fuel-powered vehicle market while aggressively expanding …

EU's protectionist moves compliance with decoupling design of Washington: China Daily editorial
6 months, 3 weeks ago

EU's protectionist moves compliance with decoupling design of Washington: China Daily editorial

China Daily  

Of the top 25 auto brands, all but three are European. It might therefore seem reasonable that European Commission President Ursula von der Leyen should have announced last September the launch of an anti-subsidy investigation into Chinese-made EVs exported to Europe, on the grounds that with the support of state subsidies China has been flooding the continent with its "overcapacity". …

While the US and EU are putting up barriers to Chinese cars, Australians are buying them at record levels
6 months, 3 weeks ago

While the US and EU are putting up barriers to Chinese cars, Australians are buying them at record levels

ABC  

Australia's roads have long been dominated by the auto giants of Japan, Germany and the United States but China is fast earning its spot in the garage of glory. Marina Zhang, from the University of Technology Sydney's Australia-China Relations Institute, said while "substantial industrial policies and financial subsidies" had helped its EV industry mature, China also had several competitive advantages. …

China's new-energy sector draws interest of global investors
7 months ago

China's new-energy sector draws interest of global investors

China Daily  

Tesla showcases its charging piles and electric vehicles at the 2023 Consumer Technology and Innovation Show on May 30 in Shanghai. Experts said China's fast-growing green technologies and its thriving new-energy market have heightened the country's magnetism for foreign investors, particularly auto firms keen on turbocharging the electrification trend. "The influx of investments by international carmakers has shed light on …

German carmakers upbeat on China market, green push
7 months, 1 week ago

German carmakers upbeat on China market, green push

China Daily  

The roll-off ceremony of the 6 millionth car produced by BMW Brilliance Automotive is held in Shenyang, Liaoning province, on May 8. In 2023, China's automobile production and sales had reached 30.2 million and 30.1 million vehicles, respectively, representing year-on-year increases of 11.6 percent and 12 percent. China's automobile market has ranked first globally in terms of both production and …

From Shenzhen to Bremen, automotive cooperation takes new steps forward
7 months, 1 week ago

From Shenzhen to Bremen, automotive cooperation takes new steps forward

China Daily  

A sedan from Chinese carmaker BYD stands in front of car freighter BYD Explorer No 1 that came to Bremen, Germany, from Shenzhen, Guangdong province, in February. SHENZHEN — A ro-ro ship under the name BYD Explorer No 1, the first of the new energy vehicle giant's "shipping fleet" — with another seven transport ships under construction — arrived at …

China’s Leapmotor to start selling electric cars in Europe
7 months, 1 week ago

China’s Leapmotor to start selling electric cars in Europe

The Independent  

Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more SIGN UP I would like to be emailed about …

Nation's tech sought out by automakers from abroad
7 months, 1 week ago

Nation's tech sought out by automakers from abroad

China Daily  

A man takes a selfie with a Toyota Camry, a hybrid sedan, at the marque's booth during the recent 2024 Auto China in Beijing. CAO YINGYING/CHINA DAILY Foreign automakers are increasingly teaming up with Chinese tech companies to introduce cutting-edge technologies like artificial intelligence in vehicles, targeting the preferences of tech-savvy customers in China, the world's largest auto market. Toyota, …

China's EV industry driving global green development
7 months, 2 weeks ago

China's EV industry driving global green development

China Daily  

SHI YU/CHINA DAILY Certain US and European politicians have been pointing fingers at China's electric vehicle industry. However, it is absurd for them to criticize China's EV sector, which plays a significant role in driving global green development. BEVs and plug-in hybrid EVs represented 15.8 percent of global light vehicle sales last year, with China boasting the highest market share …

Tesla’s China-made EV sales fall 18% year on year in April
7 months, 2 weeks ago

Tesla’s China-made EV sales fall 18% year on year in April

The Hindu  

U.S. automaker Tesla sold 62,167 China-made electric vehicles in April, down 18% from a year earlier, China Passenger Car Association data showed on May 7. China's new-energy vehicle sales including battery-powered EVs and plug-in hybrids were estimated to hit 8,00,000 units in April, up 33% on the year and a 2% drop from the month before, according to CPCA data. …

Crisis or opportunity: traditional automakers in EV race
7 months, 3 weeks ago

Crisis or opportunity: traditional automakers in EV race

China Daily  

A BYD vehicle on display during an expo in Paris, France. Delving into the changing global auto industry landscape, the article analyzes the challenges facing established automakers like Toyota and the advantages of emerging players, and provides insights into the future development of the industry. Toyota, the reigning champion of gasoline vehicles, has actively downplayed EVs and even hindered the …

Crisis or opportunity: traditional automakers in EV race
7 months, 3 weeks ago

Crisis or opportunity: traditional automakers in EV race

China Daily  

A BYD vehicle on display during an expo in Paris, France. Delving into the changing global auto industry landscape, the article analyzes the challenges facing established automakers like Toyota and the advantages of emerging players, and provides insights into the future development of the industry. Toyota, the reigning champion of gasoline vehicles, has actively downplayed EVs and even hindered the …

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