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Electric & new energy vehiclesi

Latest news, in-depth features and opinion on electric & new energy vehicles.

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  • Tariffs would rise to 100 per cent from 27.5 per cent on EVs and to 50 per cent on semiconductors and solar cells
  • Ministry of Commerce says Washington ‘should immediately correct its wrongdoing and cancel the additional tariffs’

Prohibitive tariffs await Made in China electric vehicles bound for the US. Can the nation’s producers keep growing their sales and brand awareness without making inroads into the US and European markets?

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The United States is reportedly planning to raise tariffs on Chinese clean energy goods such as electric vehicles, batteries and solar products, with an announcement expected this week.

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Hydrogen-powered trucks will cost less than their fossil fuel burning rivals by 2027 in China as Beijing’s enabling environment starts paying off, according to chairman and president of Refire Group, China’s top supplier of hydrogen fuel cell technologies.

The French firm has set a target of selling 15,000 EV chargers by 2026, a fivefold increase from the nearly 3,300 units it has installed in the city, senior executive Travis Kan says.

The era of battery-powered cars has truly arrived, as EVs dominated the car show. While carmakers still displayed a lot of futuristic concepts, it was the ongoing price war that had people talking.

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As China looks to tap Europe’s vast market for lithium batteries, Hungary has become an attractive destination for production to make logistics simpler – and bypass EU trade investigations.

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Geely Auto’s premium EV unit raised US$441 million by upsizing its IPO by 20 per cent to accommodate demand, according to two sources. The stock is due to debut in New York on Friday.

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Guangzhou-based carmaker also aims to sell right-hand-drive models in Hong Kong, Thailand, Singapore and Malaysia, as an escalating price war in mainland China squeezes profit margins.

Hong Kong-based private equity firm and BP Ventures to invest US$10 million each in the latest funding round, helping Hysata to scale up its green hydrogen facilities in New South Wales.

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Bilateral working group sessions meant to build on agreements reached last year and restore top-level engagement as pledged at Xi-Biden summit.

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Scholars have suggested a realignment of industries, with some pain in the short term, would go a long way towards resolving China’s overcapacity problem and adapting to trade restrictions in those sectors.

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French President welcomes Beijing’s commitment to ‘refrain from selling any weapons or aid’ to Russia, but commerce official reinforces the need to enhance bilateral trade.

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Global EV sales are expected to accelerate from next year onwards and grow at a compound annual rate of 23 per cent up to the end of the decade, according to estimates by the French bank.