Policy
EU unveils new proposed tariffs for EVs from China, 9% for Tesla
BYD, Geely, and SAIC all face slightly lower tariff rates than previously, while Tesla's 9 percent is well below the 20.8 percent indicated last month.
US delays start of new tariffs on imports from China including EVs
The USTR expects its final ruling to be issued in August, and the new tariffs, which had been planned to take effect on August 1, will go into effect about two weeks after the publication of the final determination.
Low-priced NEVs to benefit most from higher trade-in subsidies in China, says Deutsche Bank
BYD and Leapmotor will benefit the most, followed by Xpeng, Geely Auto, Changan, Great Wall Motor and GAC due to their relatively large exposure to low-priced vehicles, said Deutsche Bank.
China doubles subsidies to encourage consumers to replace old cars
Consumers can get a RMB 20,000 subsidy for scrapping an old car and buying an NEV, and a RMB 15,000 subsidy for buying a fuel car of 2.0 L or less, both doubled from previous levels.
EU holds hearing on additional tariffs at SAIC's request
SAIC said in the hearing that the European Commission's anti-subsidy investigation involves commercially sensitive information and that there were errors in the determination of subsidies.
Beijing offers extra 20,000 EV quotas in 1st relaxation of car purchase policy since 2011
The 20,000 quotas are additional to the original 80,000 quotas and can only be used to purchase purely electric vehicles.
Chengdu hints at stopping hybrids from getting same treatment as BEVs
Chengdu, one of China's cities with the highest number of car ownership, will look into including hybrid vehicles in the restriction on fuel vehicles.
SAIC demands EU hearing on additional tariffs
SAIC says it will raise further defenses due to unreasonable and erroneous aspects of the European Commission's anti-subsidy investigation.
Tesla Shanghai plant received EU inspectors, which could lead to lower duty, report says
Such an inspection could lead to Tesla receiving a lower duty than the average of 21 percent, as only individually verified producers receive their own duty, Politico said.
Nio, Xpeng respond to additional EU tariffs
Nio said it maintains the pricing of its current models in European markets at this stage. Xpeng said it is actively assessing the feasibility of establishing local manufacturing capabilities in Europe.