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Cheap new Hyundai, Tesla sales crater, Ford levels up, and China doesn’t like spies

Baua Electric

On this episode of Quick Charge, Hyundai continues to invest in new electric vehicles, this time teasing a $25,000 (ish) compact EV set to debut later this month, along with a new IONIQ model. wild claims from Chinese and European carmakers, and even a callback to a classic episode of John Boy and Billy radio – let us know what you think!

Cheap 52
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Beijing show: Breakthrough Chinese LFP battery can add 600km of range in just 10 minutes

EV Central

Chinese battery-making giant CATL has launched its new Shenxing Plus battery at the Beijing motor show claiming it’s capable of adding as much as 600km of range after a short 10-minute charge and delivering a driving range of more than 1000km. Has Stellantis cracked the code for super-cheap EVs that will undercut ICE?

Chinese 110
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EVs reach 90% market share in Norway as the overall auto market falters – Charged EVs

Baua Electric

of the entire auto market. The steady rise of EVs is occurring against a backdrop of slower overall auto sales. The trade group OFV (Norwegian Road Federation) ascribes the ailing auto market to weakness in the broader economy—interest rates are up, and so are prices for food and electricity.

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Tesla & CATL deemed the Power Couple to Recharge the US EV Market: Morgan Stanley

Teslarati

In addition, the United States has an under-supply of affordable EVs and cheap batteries for electric vehicles. The current political climate between the United States and China discourages Chinese battery suppliers like CATL from distributing their oversupply of batteries to the US. “In

Recharge 139
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US senators want even higher tariffs on Chinese EVs

Baua Electric

Just as the EU is considering tariffs on Chinese EVs imported into Europe, three US Democratic senators are urging that the Biden administration hike import tariffs on Chinese EVs to address national security risks. Allowing heavily subsidized Chinese vehicles to enter the U.S. FTC: We use income earning auto affiliate links.

Chinese 52
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Europe may slap retroactive tariffs on Chinese EVs

Baua Electric

Possible “remedies” on the table include retroactive tariffs on Chinese EVs. Back in October 2023, Europe launched its formal investigation into the Chinese EV industry, as European companies are struggling to compete with the cheap, high-tech Chinese imports, made by low-cost labor, entering the European Union.

Chinese 52
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Biden quadruples tariffs on Chinese EVs, up from 25% to 100%

Baua Electric

The US government has announced wider tariffs on several categories of Chinese goods, including various green products like solar panels and batteries, medical goods, and in particular an increase of tariffs on Chinese EVs from 25% to 100%. China was originally somewhat slow to adopt EVs – in 2015, EV market share was just.84%,

Chinese 52