Policy
China asks carmakers to keep key EV tech at home, encourages export of knock-down kits for local assembly, report says
China has strongly advised its automakers to ensure that advanced EV technology stays at home and encouraged them to export knock-down kits to foreign factories for final assembly, according to Bloomberg.
EU to lower proposed tariffs on EVs from China, report says
The European Union is set to make small reductions in the proposed additional tariff rates on EVs from China, with Tesla facing a reduction from 9 percent to just under 8 percent, according to Bloomberg.
VW's Cupra brand warns its China-made EV model would be 'wiped out' by EU tariffs
"The intention was to protect the European car industry but for us, it's having the opposite effect .... We need to find a solution," Cupra's CEO said.
China to take countermeasures against Canada over EV tariffs
China plans to resort to the WTO dispute settlement mechanism against Canada's practices and will launch the world's first anti-discrimination investigation.
Tesla asked Canada for lower tariff rate on its China-made EVs, report says
Tesla had approached Ottawa to lower tariffs on its cars ahead of Canada's announcement this week of a 100 percent tariff on China-made EVs, Reuters reported.
Canada to impose 100% additional tariff on EVs from China
Canada will impose an additional 100 percent tariff on EVs made in China starting October 1, bringing the overall rate up to 106.1 percent.
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.