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China discourages local automakers from building EV plants overseas

Teslarati

China’s Ministry of Commerce discouraged Chinese automakers from investing overseas. In July, the Ministry of Commerce told Chinese automakers not to invest in India and “strongly advised” against investments in Russia and Turkey. It also mentioned risks in building car manufacturing factories in Europe and Thailand.

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Here’s how the new EU tariffs will impact Chinese EV makers like BYD and NIO

Baua Electric

How will the new EU tariffs impact Chinese EV makers like BYD and NIO? The EU launched an investigation into Chinese EV subsidies in October as imports climbed. The comments came as Chinese EV makers, like BYD, launched new models aimed at the region. Why is the EU imposing new duties on China EV imports? Geely: 20% SAIC: 38.1%

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BYD plots another overseas EV plant: Here’s why that could be a bigger deal than you think

Baua Electric

Despite new tariffs on Chinese EV imports in the US and Europe, BYD is widening its lead in key auto markets like Southeast Asia and South America. BYD is launching new vehicles in surging EV markets like Thailand, Singapore, Brazil, and Mexico. It’s even cracking into Japan’s auto industry, a market dominated by Toyota.

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Nissan and Honda unite to join global software-defined EV race, play catch up with Tesla

Baua Electric

Mitsubishi’s CEO Takao Kato explained, “Collaboration with partners is essential in today’s auto industry,” with EVs and other tech rapidly developing. The Nissan, Honda, and Mitsubishi partnership comes as Tesla and Chinese EV makers like BYD continue expanding in key global markets, including Japan, taking market share.

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BYD would still have the cheapest EV in the US, even with a 100% tariff

Baua Electric

According to AutoForecast Solutions CEO Joe McCabe (via Nikkei ), BYD would still have the cheapest EV in the US, even with the new 100% tariff on Chinese electric vehicle imports. BYD’s new EV plant in Thailand opened on July 4. If it did, it could hold an advantage over US automakers. In the US, EVs accounted for 8.5%

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Global EV sales are ‘robust’ – more than 1 in 5 cars sold in 2024 will be electric

Baua Electric

Rising EV sales are set to remake the global auto industry and significantly reduce oil consumption for road transport, according to the new edition of the IEA’s annual Global EV Outlook , released today. This shift will have major ramifications for both the auto industry and the energy sector.

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Using the PHEV (Plug-In Hybrid Electric Vehicle) to Transition Society Seamlessly and Profitably From Fossil Fuel to 100% Renewable Energy

Green Car Congress

In the past the auto industry has responded to incentives and guidelines set by government agencies and reengineered their product to meet this requirement. It is also required in Thailand, Brazil and many other countries around the world. Similar processes can be followed again. 13 ] Qualcomm Halo system. [ 18 ] [link].

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