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Tesla's Chinese Rivals Nio, Xpeng, Li Auto Are Trading Higher In US: Here's Why
Tuesday, October 29, 2024 - 8:15am | 422Tesla’s Chinese rivals are trading higher during the U.S. pre-market session on Tuesday due to various market influences and upcoming financial announcements. On Tuesday, during the pre-market session, Chinese electric vehicle stocks displayed positive movements. According to Benzinga Pro,...
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Ford CEO Jim Farley Raves About His 6-Month Experience With Xiaomi EV SU7 (Updated)
Thursday, October 24, 2024 - 9:29am | 547Editor’s Note: This story has been updated to clarify that Ford flew the car for Jim Farley from Shanghai to Chicago. Ford Motor Co. (NYSE:F) CEO Jim Farley has expressed his admiration for the Xiaomi Corp. (OTC:XIACF) Speed Ultra 7, a vehicle he has been driving for the past six months....
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China Warns EU Tariffs On EVs Will Harm Trade With Germany
Wednesday, September 18, 2024 - 5:26am | 595Ahead of the European Union’s decision on tariffs for Chinese electric vehicles, China’s commerce minister has issued a stark warning about the potential negative impacts on trade, especially with Germany. What Happened: China’s commerce minister warned that the European Union...
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US Ally Urges EU To 'Reconsider' Tariffs On Chinese EVs: 'We Don't Need Another War'
Wednesday, September 11, 2024 - 7:08am | 524U.S. ally Spain’s Prime Minister Pedro Sánchez has called for a reevaluation of the European Union’s stance on tariffs for Chinese electric vehicles (EVs). This move comes amidst growing concerns that the escalating trade tensions could negatively impact Spain’s domestic exporters...
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BYD, Geely And Other Chinese EV Makers Make A Strong Showing At Frankfurt Trade Fair Amid Restrictions From EU, US, Canada
Tuesday, September 10, 2024 - 3:22am | 575In a bold move to counter domestic profitability challenges and global trade barriers, nearly 900 Chinese auto suppliers and several EV manufacturers are showcasing their products at a Frankfurt trade fair. What Happened: Chinese automakers like BYD (OTC:BYDDY) (OTC:BYDDF), Geely (OTC:GELYF),...
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China Hits Back Following Canada's 100% EV Tariffs With Anti-Dumping Investigation Into Canola Imports From Ottawa
Tuesday, September 3, 2024 - 8:13am | 549In a recent development, China has declared its intention to conduct an anti-dumping probe into canola imports from Canada. What Happened: This decision comes in the wake of Canada’s move to impose tariffs on Chinese electric vehicles, leading to a significant rise in domestic rapeseed oil...
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China Hits Back At EU's 'Unfair' EV Tariffs That Gave Relief To Chinese-Made Tesla: 'Will Take All Necessary Measures'
Wednesday, August 21, 2024 - 9:09am | 559China has voiced strong opposition to the European Union’s tariffs on electric vehicle (EV) imports, labeling them as “unfair.” The country has assured its commitment to safeguard its EV industry against such actions. What Happened: The Chinese government expressed its...
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Cisco 'Very Optimistic' About Growth In Chinese EV Market Despite Trade Tensions
Tuesday, June 25, 2024 - 9:04am | 597Cisco (NASDAQ:CSCO) has expressed optimism about its growing relationship with Chinese electric vehicle (EV) manufacturers, despite escalating trade tensions. The tech giant sees the EV sector as its second-largest in the region, with most of its revenue coming from manufacturing companies. What...
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China Says European Union 'Intimidated And Coerced Chinese Enterprises' As Potential EV Trade War Looms Large: 'Responsibility Lies Entirely With The EU Side'
Friday, June 21, 2024 - 9:54am | 495In the wake of escalating tensions with the European Union (EU) over electric vehicle (EV) imports, China has issued a warning that a trade war could be imminent. The cautionary note comes as Germany’s economy minister, Robert Habeck, visits Beijing, with the proposed tariffs being a primary...
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Warren Buffett-Backed BYD Drives Chinese Automakers To Outsell US Counterparts For The First Time: Report
Friday, June 14, 2024 - 7:01am | 577A report by Jato Dynamics reveals that Chinese automakers have surpassed U.S. brands in sales for the first time. Chinese automotive companies, led by Shenzhen-based BYD (OTC:BYDDF) backed by Warren Buffett, sold 13.4 million new vehicles last year, outpacing the 11.9 million sold by American...
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Tesla's Chinese Rival Nio Partners With Warren Buffett-Backed BYD To Launch Budget-Friendly EV Brand
Tuesday, May 7, 2024 - 7:44am | 710In a significant development in the Chinese electric vehicle (EV) market, Nio (NYSE:NIO) has teamed up with BYD (OTC:BYDDF) (OTC:BYDDY) to procure batteries for a new, competitively-priced EV brand. What Happened: This partnership marks a major milestone for BYD, which has been striving to expand...
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Tariffs, National Security Or Climate? Here's Why Chinese EVs Remain Out Of Reach For Americans
Monday, May 6, 2024 - 8:58am | 760In a significant development for the electric vehicle (EV) industry, Chinese-made EVs are poised to challenge the U.S. auto market but face a major hurdle in the form of import tariffs. What Happened: Despite their global popularity, Chinese EVs have yet to make a significant impact in the U.S....
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As Apple Tosses Away EV Plans, Chinese Smartphone Titans Rev Up To Dominate Space
Thursday, April 4, 2024 - 7:00am | 707The electric vehicle (EV) market is witnessing a shift in momentum as Apple Inc. (NASDAQ:AAPL) scales back its EV plans, while Chinese smartphone companies are accelerating theirs, potentially reshaping the high-end EV landscape. What Happened: Apple has put a damper on its electric vehicle (EV)...
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Saudi Wealth Fund In Talks For Investing $250M In Chinese EV Maker Human Horizons: Report
Wednesday, November 8, 2023 - 6:13am | 499Saudi Arabia’s Public Investment Fund (PIF) is reportedly negotiating to invest heavily in Shanghai-based electric-vehicle maker, Human Horizons Group Inc. The PIF is considering a significant investment of at least $250 million in Human Horizons, Bloomberg reported. This deal would value the...
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Volkswagen CEO Dismisses Threat From Chinese EV Makers Despite Price Surge: 'We Have A Brand Legacy'
Thursday, September 7, 2023 - 5:50am | 613Volkswagen (OTC:VWAGY) CEO, Oliver Blume, has brushed off concerns over the rising threat from Chinese electric vehicle (EV) makers, claiming European manufacturers hold an edge over their Chinese counterparts, as reported by Electrek Blume stated that Chinese manufacturers offer their...