Will China buy German car factories facing closure to avoid EU tariffs on EVs?
2 months, 2 weeks ago

Will China buy German car factories facing closure to avoid EU tariffs on EVs?

Firstpost  

Buying a factory would allow China to build influence in Germany’s prized auto industry, home to some of the oldest and most prestigious car brands Chinese officials and automakers are eyeing German factories slated for closure and are particularly interested in Volkswagen’s sites, a person with knowledge of Chinese government thinking told Reuters. Buying a factory would allow China to build influence in Germany’s prized auto industry, home to some of the oldest and most prestigious car brands, the person said. Building cars in Germany for sale in Europe would allow China’s EV makers to avoid paying EU tariffs on electric cars imported from China and could pose a further threat to European manufacturers’ competitiveness. Chinese companies are concerned about how they would be received by German unions, which hold half the seats on German companies’ advisory boards and seek far-reaching site and job guarantees, the person familiar with China’s thinking said.

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History of this topic

Struggling in home continent, European carmakers look to China on EVs despite EU tariffs
2 weeks, 2 days ago

Struggling in home continent, European carmakers look to China on EVs despite EU tariffs

Firstpost  

For European automakers grappling with dwindling profits, the lure of partnerships with China– where supply chains are more efficient and costs lower– has proved irresistible, despite heavy tariffs European automakers are forging deeper ties with China, defying the intent of tariffs designed to shield the industry from an influx of state-subsidised electric vehicles. Last year, net profits tumbled at five …

BMW says Donald Trump's tariffs, trade conflicts may cost it €1 billion
2 weeks, 5 days ago

BMW says Donald Trump's tariffs, trade conflicts may cost it €1 billion

Hindustan Times  

German carmaker BMW's CEO Oliver Zipse has said that escalating trade conflicts between the US, Europe and China will end up costing the company around €1 billion this year. This comes as BMW along with other European carmakers are bracing for impact from US President Donald Trump’s planned tariffs on vehicles imported to the US. Though Donald Trump has postponed …

Continous growth expected for Chinese electric cars in Europe despite import tariffs
3 weeks, 4 days ago

Continous growth expected for Chinese electric cars in Europe despite import tariffs

NL Times  

The rise of Chinese electric cars in Europe is far from over. Car sector association BOVAG reported, based on a study by consultancy agency KPMG, that the market value of Chinese electric cars will be 10 percent by 2030. Chinese brands like BYD and Lynk & Co are expected to have very little trouble with the European import tariffs that …

‘Our common enemy is…’: China’s BYD to work with Musk’s Tesla to combat petrol cars
4 weeks, 1 day ago

‘Our common enemy is…’: China’s BYD to work with Musk’s Tesla to combat petrol cars

Firstpost  

Calling the Chinese car market “the homeland for innovation”, the BYD VP urged foreign companies to invest in the country China’s BYD Auto, the country’s leading electric car maker, on Tuesday announced that it will collaborate with its rival Tesla to manufacture more EVs and combat petrol cars. In an interview with the Financial Times, BYD’s executive vice president Stella …

The Chinese EV maker threatening Ford and GM
1 month ago

The Chinese EV maker threatening Ford and GM

Live Mint  

Four years ago, Xiaomi was a successful smartphone business and its car business consisted of nothing more than a plan approved by the board and a vow by billionaire founder Lei Jun to make it work. The wait list for its first car, the SU7, a Porsche look-alike that starts at around $30,000, is around half a year, and Xiaomi’s …

China open to green industry cooperation with Europe
1 month, 1 week ago

China open to green industry cooperation with Europe

China Daily  

China hopes to expand green industry cooperation with Europe, including the cooperation on electric vehicles, and hopes for an early signing and taking effect of the China-EU Comprehensive Agreement on Investment, the Ministry of Commerce said on Thursday. He made the comments following Commerce Minister Wang Wentao's holding of a video talk with Ola Kallenius, president of the European Automobile …

Mercedes-Benz profits plunge as German carmakers reel
1 month, 1 week ago

Mercedes-Benz profits plunge as German carmakers reel

New Indian Express  

Frankfurt: Mercedes-Benz said Thursday it planned hefty cost cuts after its 2024 profits plunged by almost a third amid a slump in China and weak electric car sales, as Germany's auto sector reels. The German auto giant's net profit fell 28 percent from the previous year to 10.4 billion euros, while revenues also slid about four percent to 145.6 billion …

China builds economic fortress as US trade pressure mounts: Report
1 month, 3 weeks ago

China builds economic fortress as US trade pressure mounts: Report

Firstpost  

China is ramping up self-sufficiency in key industries like EVs, semiconductors, and AI to counter US trade restrictions, though challenges in chip production and global market tensions persist. China reduced its reliance on US farm imports Since the US and China imposed tit-for-tat tariffs in their trade war during Donald Trump’s first presidential term, Beijing has taken steps to reduce …

EU automakers at odds with tariffs on Chinese EVs
2 months, 1 week ago

EU automakers at odds with tariffs on Chinese EVs

China Daily  

The European Union should encourage Chinese automakers to open more plants in the bloc as part of a deal to drop punitive tariffs on imported Chinese electric vehicles, the boss of Mercedes-Benz has said in a recent interview with the Financial Times. Ola Källenius, who is also president of the European Automobile Manufacturers' Association, said China had asked European automakers …

Renault tapping China for tech know-how
2 months, 1 week ago

Renault tapping China for tech know-how

China Daily  

Luca de Meo, CEO of Renault Group. Renault Group does not sell cars in China but the French company is working at a mind-blowing scale with the Chinese auto sector, where CEO Luca de Meo says "the real things are happening". "I said we're gonna build a team … We need to be in the middle of the game, and …

Chinese buyers interested in unwanted German Volkswagen factories, source says
2 months, 2 weeks ago

Chinese buyers interested in unwanted German Volkswagen factories, source says

The Hindu  

Chinese officials and automakers are eyeing German factories slated for closure and are particularly interested in Volkswagen's sites, a person with knowledge of Chinese government thinking told Reuters. Buying a factory would allow China to build influence in Germany's prized auto industry, home to some of the oldest and most prestigious car brands, the person said. Building cars in Germany …

Chinese buyers interested in unwanted German Volkswagen factories, source says
2 months, 2 weeks ago

Chinese buyers interested in unwanted German Volkswagen factories, source says

Live Mint  

* Car giant Volkswagen to wind down production at two factories * China eyes buying factories for foothold in Germany, says source * Volkswagen open to selling to China buyer, says source By John O'Donnell and Victoria Waldersee FRANKFURT/BERLIN, Jan 16 - Chinese officials and automakers are eyeing German factories slated for closure and are particularly interested in Volkswagen's sites, …

Volkswagen delivers over 2.9 million cars in China in 2024
2 months, 2 weeks ago

Volkswagen delivers over 2.9 million cars in China in 2024

China Daily  

Workers at a Volkswagen workshop in Hefei, East China's Anhui province, Sept 25, 2024. HEFEI -- Volkswagen Group delivered over 2.9 million vehicles in the Chinese market in 2024 while its global vehicle deliveries surpassed 9 million last year, according to the German automaker. We made significant strides in bringing our strategy to life, demonstrating our long-term commitment to China," …

China’s electric car sales grew in 2024 as sales of gasoline cars plunged
2 months, 2 weeks ago

China’s electric car sales grew in 2024 as sales of gasoline cars plunged

Associated Press  

BEIJING — Sales of all types of electric vehicles rose more than 40% in China last year, while those of gasoline-powered automobiles plunged, industry data showed Monday. A total of 31.4 million vehicles including buses and trucks were sold last year in the world’s biggest market by sales, up 4.5% compared to a year earlier, the China Association of Automobile …

China's electric car sales grow in 2024, as sales of gasoline cars plunge
2 months, 2 weeks ago

China's electric car sales grow in 2024, as sales of gasoline cars plunge

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. Read our privacy policy Sales of all types of …

China makes more cars than it needs. Now, it’s shakeout time.
2 months, 3 weeks ago

China makes more cars than it needs. Now, it’s shakeout time.

Live Mint  

Overall, car sales in China rose 5.5% last year to 22.9 million vehicles, the China Passenger Car Association said Thursday. Domestic brands accounted for 61% of the local market last year, up 8.6 percentage points from a year earlier, the China car association said. Last year, 23 EV brands either exited China or were consolidated into other brands, while a …

The case for subsidizing electric vehicles
2 months, 3 weeks ago

The case for subsidizing electric vehicles

Live Mint  

Honda and Nissan recently announced plans to merge by 2026. Although a combination of private-sector innovation and support from Congress has driven the EV sector’s growth in the U.S., lawmakers are floating the possibility of ending consumer and manufacturing tax incentives for manufacturers and parts suppliers. Tate Reeves called the battery plant under construction in his state a “project of …

Ten cars from European and US brands you might not know are made in China
2 months, 4 weeks ago

Ten cars from European and US brands you might not know are made in China

Daily Mail  

A recent poll of UK drivers found that more Britons are coming around to the prospect of buying and driving a Chinese car. BMW iX3 The BMW iX3 is the first model built for export at the German giant's Shenyang factory in China operated by the joint venture BMW Brilliance Automotive Arriving to the UK market in summer 2021, the …

A ‘Made in China’ Crisis Awaits Big Auto
3 months ago

A ‘Made in China’ Crisis Awaits Big Auto

Live Mint  

When Jaguar’s “copy nothing” brand reboot hit late last year, one self-styled car enthusiast replied on X: “What the actual hell is this.” Jaguar’s response: “The future.” That remains to be seen. Even if Europe also turns further toward protectionism, China’s combination of low costs, supply-chain dominance and EV leadership means its companies will continue to make inroads elsewhere, particularly …

Beijing pushes to use China-made chips in its EVs
3 months ago

Beijing pushes to use China-made chips in its EVs

Live Mint  

SINGAPORE—China isn’t satisfied with becoming the world’s dominant maker of electric vehicles. U.S. Trade Representative Katherine Tai said there was evidence China used “extensive anticompetitive and non-market means" to achieve self-sufficiency, and the Commerce Department has said subsidized low-cost Chinese chip makers might flood the global market and drive down prices. Earlier in 2024, officials from China’s Ministry of Industry …

China’s firms are taking flight, worrying its rulers
3 months ago

China’s firms are taking flight, worrying its rulers

Live Mint  

FOR DECADES China has put foreign capital to work. China’s firms have so far resisted hiring local workers, buying from local suppliers or sharing technology, leading recipient countries in Asia and Europe to press for more tech transfer. Tariffs introduced by Donald Trump during his first term as president encouraged Chinese firms to move production in order to change their …

US, EU can ride the tide of China's EV success
3 months ago

US, EU can ride the tide of China's EV success

China Daily  

JIN DING/CHINA DAILY The rise of Chinese-made electric vehicles in the global market has drawn both admiration and criticism. China's leadership in promoting sustainable development through EVs has contributed significantly to international efforts to address climate change. At a time when climate change and geopolitical tensions are creating divisions in the international community, the Chinese EV industry presents a unique …

US, EU can ride the tide of China's EV success
3 months ago

US, EU can ride the tide of China's EV success

China Daily  

JIN DING/CHINA DAILY The rise of Chinese-made electric vehicles in the global market has drawn both admiration and criticism. China's leadership in promoting sustainable development through EVs has contributed significantly to international efforts to address climate change. At a time when climate change and geopolitical tensions are creating divisions in the international community, the Chinese EV industry presents a unique …

Honda, Nissan deal could be important for a comeback against China’s BYD
3 months, 1 week ago

Honda, Nissan deal could be important for a comeback against China’s BYD

Hindustan Times  

A Honda Motor Co. and Nissan Motor Co. combination could give the two struggling Japanese brands the scale to take on China’s BYD Co., sales figures released Wednesday show. China’s biggest automaker BYD sold 3.76 million vehicles over the same period, a clear illustration of how weak Nissan and Honda are alone, but how together, they may stand a fighting …

Honda, Nissan deal could be key to comeback against China’s BYD
3 months, 1 week ago

Honda, Nissan deal could be key to comeback against China’s BYD

Live Mint  

A Honda Motor Co. and Nissan Motor Co. combination could give the two struggling Japanese brands the scale to take on China’s BYD Co., sales figures released Wednesday show. China’s biggest automaker, BYD, sold 3.76 million vehicles over the same period, a clear illustration of how weak Nissan and Honda are alone but how, together, they may stand a fighting …

Chinese EV Makers Hit EU Wall as Tariffs Add to Import Costs
3 months, 1 week ago

Chinese EV Makers Hit EU Wall as Tariffs Add to Import Costs

Live Mint  

-- Chinese automakers captured their smallest share of Europe’s electric-vehicle market in eight months, after new tariffs added as much as 35% to the cost of importing cars to the region. Manufacturers such as BYD Co. and SAIC Motor Corp.’s MG accounted for 7.4% of EV registrations across Europe in November, down from 8.2% in October, according to automotive researcher …

A tie-up between Honda and Nissan will not fix their problems
3 months, 2 weeks ago

A tie-up between Honda and Nissan will not fix their problems

Live Mint  

Honda put nostalgia to the fore on December 18th when it announced that the Prelude, a nameplate last produced some 25 years ago, now being relaunched as a hybrid-electric, would come with the option of a system that simulates gear changes and combustion-engine noises. It is considering merging with Nissan, a floundering domestic rival, to create the world’s third-largest carmaker …

Not the time to spin wheels
3 months, 2 weeks ago

Not the time to spin wheels

China Daily  

WANG XIAOYING/CHINA DAILY Since the European Commission launched the anti-subsidy investigation into China's electric vehicles in October 2023, how to properly promote the orderly and healthy development of the China-EU EV industry, and how to resolve the potential escalation of trade frictions have been a priority for the two sides. According to the China Automobile Association, in 2023, China's new …

The China shock behind the Honda-Nissan merger talks
3 months, 2 weeks ago

The China shock behind the Honda-Nissan merger talks

Live Mint  

BEIJING—The rise of Chinese carmakers is reconfiguring the global auto industry, with merger talks between Honda and Nissan the latest example of companies trying to respond to the competitive threat. The Honda-Nissan combination would be aimed at combating the Chinese push by combining the Japanese carmakers’ efforts in EV technology, autonomous driving and other areas where China is strong, analysts …

The retreat from the world’s largest auto market has begun
3 months, 2 weeks ago

The retreat from the world’s largest auto market has begun

CNN  

New York CNN — It wasn’t long ago that China was by far the largest and most profitable market for General Motors. “Every international brand is suffering in China.” While GM has yet to announce the details of its restructuring in China, Schuster and other experts said most Western automakers, including GM, are looking at how long they can stay …

Not only Volkswagen and Nissan, automakers world over are struggling after a rewarding pandemic
3 months, 2 weeks ago

Not only Volkswagen and Nissan, automakers world over are struggling after a rewarding pandemic

Firstpost  

A few years ago, automakers were celebrating record profits as the pandemic caused new car shortages, allowing them to raise prices. Now, the industry is facing a harsh reality, according to a report A few years ago, automakers were celebrating record profits as the pandemic caused new car shortages, allowing them to raise prices. Competition from China is “starting to …

Audi’s Rebrand in China Points to Bigger Changes in the Auto Industry
3 months, 3 weeks ago

Audi’s Rebrand in China Points to Bigger Changes in the Auto Industry

Wired  

It’s also a rejiggering for the German automaker, which entered China in the late 1980s and became, thanks to a partnership with domestic manufacturer FAW, the first global premium brand to adapt its autos to the Chinese market. “I want to evolve it further.” The brand tweaking also points to deeper dynamics in the Chinese market, where global automakers well …

Europe’s Big Battery Ambitions Are Failing, and China Is Benefiting
3 months, 3 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, …

Porsche refines dealer network amid market shifts
3 months, 3 weeks ago

Porsche refines dealer network amid market shifts

China Daily  

By LI FUSHENG | China Daily | Updated: 2024-12-09 10:25 Alexander Pollich, president and CEO of Porsche China, speaks at the 2024 China International Import Expo held in November in Shanghai. CHINA DAILY German sports car manufacturer Porsche is optimizing its dealer network in China, the world's largest automotive market, as shifting consumer preferences and intensified competition reshape the country's …

German firms eye localization strategy
3 months, 3 weeks ago

German firms eye localization strategy

China Daily  

German firms eye localization strategy By ZHONG NAN China Daily Updated: Dec 06, 2024 Employees check auto components bound for Germany at a German-funded enterprise in Taicang, Jiangsu province. When ranking business opportunities in China, the internationalization of Chinese companies stood out as the sole category experiencing growth compared to last year and the leading business opportunity, according to the …

China automakers pivot to hybrids for Europe to counter EV tariffs
3 months, 4 weeks ago

China automakers pivot to hybrids for Europe to counter EV tariffs

Live Mint  

* China hybrid exports to Europe to grow 20% this yr, analyst says * Chinese automakers challenge European and Japanese dominance * Cheaper and more fuel-efficient models to enter the market SHANGHAI, - Automakers in China are ramping up exports of hybrid vehicles to Europe and planning more models for the key market, exposing the limits of the European Union's …

German firms eye localization strategy
3 months, 4 weeks ago

German firms eye localization strategy

China Daily  

Employees check auto components bound for Germany at a German-funded enterprise in Taicang, Jiangsu province. JI HAIXIN/FOR CHINA DAILY Amid growing competition and price pressure, German companies are increasingly adopting a localized strategy in China, operating with greater autonomy and aligning their operations with the mindset and practices of local businesses, a survey published by the German Chamber of Commerce …

Will the trouble ever end for Volkswagen and its rivals?
4 months ago

Will the trouble ever end for Volkswagen and its rivals?

Live Mint  

Car dashboards have an array of indicators that illuminate to warn of trouble. Since April the combined market value of the continent’s five biggest carmakers by sales—VW, Stellantis, Renault, BMW and Mercedes—has plunged from more than €300bn to below €200bn, as a string of gloomy profit forecasts has spooked investors. Europe will never return to its pre-pandemic heights of 16m …

China’s EV price war is so brutal that BYD is trying to pinch its suppliers
4 months ago

China’s EV price war is so brutal that BYD is trying to pinch its suppliers

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. Hong Kong CNN — China’s top maker of electric vehicles wants to pay a lot less for car parts in the new year, a demand that signals there is no end in sight …

Door opened wider for foreign-invested businesses
4 months ago

Door opened wider for foreign-invested businesses

China Daily  

By ZHONG NAN| China Daily| Updated :2024-11-28 When discussing the pace of innovation in China, Matthew Ye, the local head of French tire and mobility company Michelin, offers a perspective that differs from many senior executives in other parts of the world. "As a result, I must spend more time to push our local, European and Japanese engineers in China …

Door opened wider for foreign-invested businesses
4 months ago

Door opened wider for foreign-invested businesses

China Daily  

When discussing the pace of innovation in China, Matthew Ye, the local head of French tire and mobility company Michelin, offers a perspective that differs from many senior executives in other parts of the world. "As a result, I must spend more time to push our local, European and Japanese engineers in China to accelerate their innovation efforts," Ye said, …

Door opened wider for foreign-invested businesses
4 months ago

Door opened wider for foreign-invested businesses

China Daily  

WANG YANGYANG/FOR CHINA DAILY When discussing the pace of innovation in China, Matthew Ye, the local head of French tire and mobility company Michelin, offers a perspective that differs from many senior executives in other parts of the world. "As a result, I must spend more time to push our local, European and Japanese engineers in China to accelerate their …

Door opened wider for foreign-invested businesses
4 months ago

Door opened wider for foreign-invested businesses

China Daily  

When discussing the pace of innovation in China, Matthew Ye, the local head of French tire and mobility company Michelin, offers a perspective that differs from many senior executives in other parts of the world. "As a result, I must spend more time to push our local, European and Japanese engineers in China to accelerate their innovation efforts," Ye said, …

Door opened wider for foreign-invested businesses
4 months ago

Door opened wider for foreign-invested businesses

China Daily  

WANG YANGYANG/FOR CHINA DAILY When discussing the pace of innovation in China, Matthew Ye, the local head of French tire and mobility company Michelin, offers a perspective that differs from many senior executives in other parts of the world. "As a result, I must spend more time to push our local, European and Japanese engineers in China to accelerate their …

Beijing, Brussels may meet halfway on EV tariffs
4 months, 1 week ago

Beijing, Brussels may meet halfway on EV tariffs

China Daily  

Vehicles from Chinese brands wait to be exported from a port in Suzhou, Jiangsu province. The prospect of China and the European Union nearing an alternative solution on the EU's imposition of extra tariffs on Chinese-made electric vehicles will provide a much-needed buffer to avoid the escalation of trade tensions between the two economic powerhouses, analysts said. Bernd Lange, chair …

Beijing, Brussels may meet halfway on EV tariffs
4 months, 1 week ago

Beijing, Brussels may meet halfway on EV tariffs

China Daily  

Vehicles from Chinese brands wait to be exported from a port in Suzhou, Jiangsu province. The prospect of China and the European Union nearing an alternative solution on the EU's imposition of extra tariffs on Chinese-made electric vehicles will provide a much-needed buffer to avoid the escalation of trade tensions between the two economic powerhouses, analysts said. Bernd Lange, chair …

China-EU solution to tariff war coming soon
Top News
4 months, 1 week ago

China-EU solution to tariff war coming soon

China Daily  

Hundreds of vehicles manufactured by Chery line up at a port of Wuhu, Anhui province, awaiting export. The prospect of nearing an alternative solution by China and the European Union to the bloc's imposition of extra tariffs on Chinese-made battery electric vehicles would provide a much-needed buffer to avoid the escalation of trade tensions between the two economic powerhouses, analysts …

China-EU solution to tariff war coming soon
Top News
4 months, 1 week ago

China-EU solution to tariff war coming soon

China Daily  

By Wang Keju | chinadaily.com.cn | Updated: 2024-11-25 17:45 Hundreds of vehicles manufactured by Chery line up at a port of Wuhu, Anhui province, awaiting export. The prospect of nearing an alternative solution by China and the European Union to the bloc's imposition of extra tariffs on Chinese-made battery electric vehicles would provide a much-needed buffer to avoid the escalation …

Riding toward a cleaner, greener world
4 months, 1 week ago

Riding toward a cleaner, greener world

China Daily  

FILE PHOTO: New China-built electric vehicles of the company Xpeng are seen parked in the port of Zeebrugge, Belgium, October 24, 2024. The move, which the EU described as an effort to maintain "fair competition", thinly veils an underlying attempt to curb China's ascendancy in the EV industry. China's EV ecosystem is not only vast, it is also driven by …

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