This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Volvo is reportedly shifting EV production to Belgium ahead of schedule. Production of the new Volvo EX30 and EX90 is moving to Belgium to avoid expected tariffs on electric vehicles made in China. Volvo announced it planned to build its new low-cost EX30 at its Ghent plant in Belgium last October.
Meanwhile, Volvo suggested the US-bound EX30 could come from Belgium as it looks to avoid newly introduced tariffs. The European Commission revealed plans to impose additional tariffs on Chinese-made EVs by up to 38.1% Volvo plans to begin EX30 production in Ghent, Belgium, but not until 2025.
Chinese EV maker BYD revealed the pre-sale prices of its new European passenger car range. The world’s leading manufacturer of new energy vehicles and power batteries immediately introduces three full-electric passenger vehicles which will be delivered to Norway, Sweden, Denmark, the Netherlands, Belgium, Luxembourg and Germany.
The new JV, named “Leapmotor International,” will expand to sell Chinese EVs in Europe this fall, with additional markets to follow. billion stake in Chinese OEM Leapmotor. The post Stellantis, Leapmotor officially launch joint venture to sell Chinese EVs in Europe this fall appeared first on Bauaelectric Auto News.
Chinese consumers appear the most willing to pay a price premium, but even still, 44% indicate they will not pay anything extra. Consumers in the United Kingdom and Belgium are the most sensitive to paying a price premium with 71% opposing. —Joe Vitale, automotive sector leader for Deloitte Touche Tohmatsu Limited.
Volvo announced it’s delaying the EX30 launch in the US as it ramps up production in Belgium. Earlier this month, the EU revealed additional tariffs expected on Chinese EV imports, including Volvo’s parent company, Geely. Volvo EX30 Cloud Blue and Vapour Grey (Source: Volvo) Annwall suggested the US-bound EX30 could come from Belgium.
Over the generation few years, Chinese language automobile exports have hovered round 1 million gadgets consistent with 12 months. Via the top of 2023, Chinese language automobile export quantity is anticipated to exceed 4 million gadgets, in keeping with Fu Bingfeng, Government Vice President and Secretary-Common of CAAM.
Tesla China, SAIC, Chery, Geely, Stunning Wall Motors, Changan, and BYD are a number of the largest participants to Chinese language car exports. These days, SAIC is the biggest Chinese language car exporter with its MG emblem contributing essentially the most to this stellar efficiency. 37 million automobiles.
India levies an import responsibility of 60 per cent on electrical autos that price $40,000 or much less, and 100 per cent responsibility on these priced over $40,000. Tesla had started its Model Y invasion in Europe with its first deliveries in several EU territories, including Germany, Belgium, and Norway.
Bloomberg) Chineseauto sales slumped in June as the domestic economy remained sluggish, but buoyant exports offset the decline at home, an industry association said Wednesday. Chinese EV exports were down 2.3 Chinese makers are moving production overseas. However, China continues to see drop in sales domestically.
Volvo EX30 Cloud Blue and Vapour Grey (Source: Volvo) Volvo is no longer accepting EX30 orders online On top of this, the EU recently introduced new tariffs on Chinese-made EVs that could impact profits. Volvo already planned to build the EX30 in Belgium, but it could be sooner than expected as it looks to avoid additional duties.
Volkswagen has already canceled plans for a new EV facility and delayed key model launches as it falls further behind Chinese automakers. Although it doesn’t sell cars in Belgium yet, NIO plans to launch there soon. tariff on imports to the EU, the Chinese EV maker is committed to expanding in the region.
In 2023, Europe’s auto market achieved its best sales since the pandemic, spurred partly by strong demand for EVs. Market share grew fastest in established EV markets Finland, Denmark, Belgium, the Netherlands and Luxembourg. Chinese brands now available. Chinese brands saw sales grow by 79% year-on-year.
For one thing, the overall auto market in Europe is in decline. Germany, Europe’s largest auto market, prematurely ended its EV subsidy program last December, and EV sales fell by 16.4% Well, in Belgium, which incentivizes EVs by offering more favorable depreciation rates, EV sales increased by 48% in the first half.
Meet the new Mazda 6e EV for Europe Mazda unveiled the 6e at the Brussels Motor Show in Belgium on Friday. The EZ-6 is made by Mazdas Chinese joint venture, Changan Mazda. Now, Mazda is bringing the Chinese-made EV to Europe. Although its tailored for European buyers, the 6e was still developed by Mazda and its Chinese partners.
The other is new tariffs on Chinese EVs in the EU and US, where the already popular EX30 is built. Volvo’s CEO said that although middle-class buyers usually chose a Western brand in the past, the rise of Chinese EV makers has been even more detrimental to these brands. FTC: We use income earning auto affiliate links.
Volvo EX90 HD Maps (Source: Volvo Cars) Volvo delayed EX30 deliveries in the US earlier this month until 2025 as it ramps up production in Belgium to avoid new US and EU tariffs on Chinese-made EVs. Source: Automotive News , Volvo FTC: We use income earning auto affiliate links.
On the similar occasion, Chinese language carmakers are seizing this chance to achieve a more potent foothold within the Center Jap car marketplace. Supply: CAAM, Sina You may additionally like The post Zeekr introduced access into Saudi Arabia, UAE, Qatar, Bahrain appeared first on Bauaelectric Auto News.
You might not know it to look at them, but these two cars—one Swedish, one Chinese—share underpinnings and a parent company. Volvo and its Chinese parent Geely are very serious about selling cars that plug in. Best of all, Volvo has handed over its dashboard and infotainment software to Android Auto. Android above all else.
Thirteen Member States now generate more electricity from wind and solar than from fossil fuels, with Germany, Belgium, Hungary, and the Netherlands hitting that milestone for the first time. trusted affiliate link* FTC: We use income earning auto affiliate links. Get started here.
Looking at the remaining five-digit total markets, both Belgium and Sweden saw registrations decline by 20.3%. However, other six-figure markets were not so positive, namely Sweden (down 7.8%), Belgium (down 3.3%), the Netherlands (down 3.2%) and Ireland (down 0.9%). Belgium surged 41.3%, while the Netherlands enjoyed a rise of 4.5%.
After the 100,000th EX30 model rolled off the production line this week, Volvo will carry the momentum into 2025 with plans to begin producing the low-cost EV in Belgium. The European-made model will be exported to the US to avoid tariffs new tariffs on Chinese EV imports. FTC: We use income earning auto affiliate links.
The company, which is majority-owned by China’s Geely, is also preparing for new EU and US tariffs on Chinese imports. Volvo CEO Jim Rowan during the EX30 launch (Source: Volvo Cars) The company confirmed plans to begin building EX30 models at its Ghent plant in Belgium in the first half of 2025.
Four days after XPeng Motors first unveiled its new P7+ EV, hailed as the “world’s first AI car,” the Chinese Automaker showcased it to the European public during the Paris Motor Show. Source: XPeng Motors FTC: We use income earning auto affiliate links. Until then, you can view the new model up close in the video from XPeng below.
Chinese EV brand Leapmotor, which entered into a binding agreement to sign a joint venture (JV) with the Amsterdam-based Stellantis, concluded the deal in a short span of 7 months on Tuesday. This Leapmotor International joint venture aims to sell and manufacture Leapmotor vehicles outside China.
In October, though, Volvo announced that, due to positive public reaction and high demand, it would add production of the EX30 to its factory in Ghent, Belgium, where the current XC40 Recharge and C40 EVs are built. That’s almost $12,000 lower than the sales-weighted average transaction price of all new US auto models.
Volumes are small in comparison to Germany, France and the UK, and even smaller regions , including the Netherlands, Belgium and Sweden. While August is traditionally a slower month for new-car markets, due to many people taking a summer break, the figures come a month after the EU provisional tariffs on Chinese-built BEVs were applied.
Volumes are small in comparison to Germany, France and the UK, and even smaller regions , including the Netherlands, Belgium and Sweden. While August is traditionally a slower month for new-car markets, due to many people taking a summer break, the figures come a month after the EU provisional tariffs on Chinese-built BEVs were applied.
In October, though, Volvo announced that, due to positive public reaction and high demand, it would add production of the EX30 to its factory in Ghent, Belgium, where the current XC40 Recharge and C40 EVs are built. That’s almost $12,000 lower than the sales-weighted average transaction price of all new US auto models.
According to SupChina.com , the 10 largest EV producers in China based on domestic sales are: Tesla BYD SAIC Motor SAIC Volkswagen SAIC-GM-Wuling NIO Xpeng Li Auto WM Motor Geely. Or perhaps assembly is shifted from China to Volvo’s plants in Sweden and Belgium for the European market and then imported into the US.
Volvo, a Swedish company with Chinese owners, imports a significant portion of the vehicles it sells in the U.S., Volvo moved production of its new electric EX30 from China to Belgium earlier this year, which will help with the worst of the announced tariffs. However, Trumps decision to pause tariffs for 90 days doesnt cover autos.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content