Teslarati

JULY 29, 2024

LGES’ talks with Chinese material suppliers come after the EU Commission started imposing extra tariffs of up to 38% on imported EVs made in China. “We We are having talks with Chinese firms who will develop LFP cathode with us and produce them for Europe. “We Wonjoon Suh is the head of LGES’ advanced automotive battery division.

Chinese 130

Chinese Energy Battery Batteries 130

Baua Electric

MARCH 31, 2024

Chinese-made cars drive growth In Europe, sale of cars made in China saw the highest levels of year-on-year growth in February 2024 (+45%) and in January-February 2024 (+43%). As a result, cars made in China outsold cars made in Italy, Korea, Morocco, and Romania, while also closing the gap between cars made in Turkey and the UK.

Chinese 52

Chinese Europe Sale Cars 52

Baua Electric

JULY 3, 2023

Owned through auto vast Stellantis, Peugeot has perceivable EV gross sales stay forged regardless of festival from Chinese language producers, Jackson stated in an interview. But because the shift to EVs continues, Ecu automakers are below rising drive to form upper feature cars extra affordably.

Europe 52

Europe South Africa Morocco Malaysia 52

The Truth About Cars

APRIL 16, 2024

However, Stellantis is also trying to shift EV assembly to places like Morocco due to their lower-than-average labor costs. Lower overhead in terms of production costs are supposed to help them endure the onslaught of cheaper Chinese EVs that are assumed to flood the market as European governments effectively mandate electric vehicles.

Legal 113

Legal Italy Morocco Detroit 113

Teslarati

JULY 31, 2024

LG Energy Solution (LGES) is eyeing a site in Morocco for a battery production plant. The South Korean battery supplier plans to produce batteries in Morocco and export them to Europe. “Morocco is a key candidate for this expansion due to its strategic location and growing industrial capabilities,” said Wonjoon Suh.

Morocco 121

Morocco Supplies Energy Indonesia 121