Baua Electric

MAY 28, 2024

Magna Steyr / Credit: Magna International Austria-based contract manufacturer Magna Steyr has confirmed that several Chinese OEMs are discussing the possibility of local EV production ahead of further sales in Europe. Here’s the latest.

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Teslarati

MAY 30, 2024

BYD and other Chinese automakers have studied the European auto market for years. Now, it’s time to put their knowledge to the test and go all-in on the European auto market. BYD’s strategy to take over Europe was recently revealed in a report by Reuters. “In China, the purchase price is important.

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Baua Electric

MAY 14, 2024

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. Europe had immediately been confirmed in the JV plans, but Stellantis CEO Carlos Tavares wouldn’t rule out the US as another possible option.

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Baua Electric

SEPTEMBER 4, 2023

Magna World is in talks to make automobiles for Chinese language manufacturers in Europe as they make bigger within the patch. The provider’s Magna Steyr guarantee production facility in Graz, Austria has some alternative output capability, in step with Magna Europe President Uwe Geissinger.

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Teslarati

SEPTEMBER 12, 2024

Geely is considering local production in Europe. The Chinese automaker is scouting out locations for a plant in Europe. “It We have a lot of possibilities,” said Geely’s Auto Group Vice President Li Chuanhai. The post Geely considers local production in Europe appeared first on TESLARATI. It is not 100% yet.

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Baua Electric

APRIL 23, 2024

European automakers face a trifecta of challenges: soft demand due to higher borrowing costs that discourage car purchases, fierce competition from Chinese rivals, and higher input costs squeezing their margins.

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Baua Electric

APRIL 12, 2024

He cited the EU’s investigations into Chinese electric cars, solar panels and wind turbines as examples. Wang Wentao is traveling through Europe for discussions about the European Commission’s investigation into whether China’s electric vehicle industry has benefited from unfair subsidies.

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Baua Electric

MARCH 14, 2024

SAIC is currently evaluating whether to build a factory in Europe. MG Motors, a unit of Chinese automaker SAIC, will open a second European parts centre by the summer of 2024 in France to meet the country’s growing demand for its vehicles, a spokesperson told Reuters on Thursday.

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The Truth About Cars

JULY 16, 2024

Stellantis might be shedding two of its defunct auto brands, but not by choice. The Italian government is mulling plans to take over Autobianchi and Innocenti and sell them to Chinese companies in an effort to have them build factories in the country. Images: Alexey Pevnev and Francesco Messuri via Shutterstock] Become a TTAC insider.

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Teslarati

MARCH 24, 2024

Although competitive Chinese automaker BYD isn’t yet slated to enter the U.S. BYD launched its Seagull, a small hatchback EV with a price tag starting at 69,800 yuan (~$9,773), at the Shanghai Auto Show last year. auto market anytime soon , some U.S. auto sector,” the organization writes. BYD last year sold 1.57

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Baua Electric

SEPTEMBER 17, 2023

since 2009, bought greater than 100,000 automobiles in Europe closing generation and says it recently has greater than 800 distribution issues at native automotive sellers throughout Europe and the United Kingdom. Europe has obvious its justifiable share of unutilized entrants looking to win over consumers.

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Teslarati

MAY 10, 2024

BYD Europe aims to beat Tesla and other prominent EU automakers, like Volkswagen and Stellantis. BYD Europe wants to triple its market in the region by 2025. The Chinese automaker plans to use an aggressive marketing strategy to accomplish its goal. Chinese EVs, like those made by BYD, are often more technologically advanced.

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Baua Electric

MAY 9, 2023

BERLIN — Chinese language funding in Europe is transferring from mergers and acquisitions to greenfield initiatives principally in battery manufacturing for electrical cars, consistent with 2022 information analyzed through free analysis suppliers MERICS and Rhodium Workforce. Greenfield funding made up 57 p.c

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Baua Electric

SEPTEMBER 27, 2024

It won’t be news to Charged readers that Chinese automakers have lapped “Western” brands in the EV race. Markets in Asia, South America and Africa may be small compared to North America and Europe, but taken together they add up. Michael Dunne knows as much about China’s auto market and automakers as just about anyone out there.

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Baua Electric

AUGUST 16, 2024

In June, the EU announced import tariffs on Chinese EVs ranging from 17.4% The rationale behind the new tariffs is that the Chinese government has unfairly subsidized its auto industry, enabling Chinese automakers to sell EVs at prices European brands can’t match. As Charged readers know, electric buses are on a roll.

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Baua Electric

AUGUST 19, 2024

Chinese legacy automaker Dongfeng Motor launched its new low-cost EV in Europe to compete with automakers like Volkswagen. Starting at around $25,500 (£19,615), the Dongfeng Nammi Box EV is already one of the cheapest EVs in Europe. It was the second state-owned auto brand established following FAW. Powered by a 42.3

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Baua Electric

SEPTEMBER 18, 2024

Three months after opening up sales of its ES8 SUV in Europe, NIO has begun customer deliveries. The refreshed all-electric SUV, renamed the EL8 for the European market, is the sixth NIO model to enter Europe, and the Chinese automaker is showing no signs of slowing down, even as the EU Commission imposed tariffs on imports.

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InsideEVs

JULY 24, 2024

With a new EV production line at the former Yugo factory in Serbia, the auto giant reckons it has what it takes. Will it succeed?

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Baua Electric

NOVEMBER 2, 2024

Chinese electric truck maker JAC has shipped 100 MD electric trucks (cab and chassis) from Hefei, China to a single customer in Mexico, marking a major milestone in the commercial vehicle brand’s growing North American ambitions. SOURCE | IMAGES : JAC , via China Trucks ; Wards Auto. FTC: We use income earning auto affiliate links.

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Green Car Congress

JUNE 5, 2022

Mitsubishi Chemical Holdings Group (MCHG) will increase the production capacity of natural graphite anode material from 2,000 tons/year to 12,000 tons/year at its Chinese subsidiary Qingdao Anode Kasei and affiliated company Qingdao Lingda Kasei. The production line is scheduled to start operation in the first half of fiscal 2023.

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CN EV Post

APRIL 17, 2023

While auto shows have generally started to lose some significance as automakers turn to dedicated launch events, this year's Shanghai auto show could be an exception, said Deutsche Bank analyst Edison Yu's team. (A A file photo taken by CnEVPost at the Shanghai auto show two years ago shows an ET7 wrapped in a blanket.)

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Baua Electric

MARCH 31, 2024

February 2024 was a positive month for the new car market in Europe. 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%).

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Teslarati

MARCH 22, 2024

Renault CEO Luca de Meo released a 19-page open letter to Europe describing an auto European plan to protect against the ‘onslaught of electric vehicles (EV)’ coming from China.” In 2023, around 35% of electric vehicles exported worldwide were Chinese. “As Buoyed by its huge domestic market (8.5

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Green Car Congress

FEBRUARY 4, 2022

TTTech Auto, a Vienna-based technology leader in automotive safety software, raised US$285 million (€250 million) from Aptiv PLC and Audi in its latest funding round. With this latest funding round and a valuation of more than US$1 billion, TTTech Auto confirms its strong position amid a growing number of auto tech unicorns.

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Baua Electric

NOVEMBER 11, 2024

Tesla is turning back to free Supercharging and offering big discounts in Europe to boost sales in its toughest market for a record quarter. Tesla is not doing well in Europe this year. Tesla is offering a year of free Supercharging for people taking delivery of a new vehicle by the end of the quarter in Europe.

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Baua Electric

JANUARY 25, 2024

Europe will miss its goal of raising its share of the global computer chip market to 20% by 2030 because it is not building manufacturing capacity fast enough, semiconductor equipment maker ASML CEO Peter Wennink said. European chipmakers should be looking to expand in both China and Europe, he said. billion euros (USD 6.9

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Baua Electric

OCTOBER 16, 2024

Speaking to Reuters and other media at the 2024 Paris auto show, Zipse said the attitude toward the plan for 100% EV sales by 2035 was “trending towards one of pessimism,” adding that “a correction” of this target “would also afford European OEMs less reliance on China for batteries.

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Baua Electric

SEPTEMBER 4, 2023

Auto business analyst Ferdinand Dudenhoeffer stated the Chinese language are “world champions” at making batteries, which will construct up 40 % of an EV’s value. The Chinese language presence is being felt closely on the Munich display.

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Baua Electric

APRIL 27, 2024

Renault held talks this week with China’s Li Auto and Xiaomi on electric and intelligent vehicle technologies , the French carmaker said on Friday, opening the door to potential collaboration on technology with the two companies. China disputes the claim and has accused Europe of protectionism.

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Baua Electric

NOVEMBER 20, 2024

Ford is slashing another 4,000 jobs in Europe as it struggles to keep pace with the market’s shift to electric vehicles (EVs). Ford is cutting more jobs in Europe amid EV struggles “Ford has been in Europe for more than 100 years,” the company’s European vice president for Transportation and Partnerships, Dave Johnston, said on Wednesday.

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Baua Electric

MARCH 23, 2024

The auto industry is electrifying, and all new cars will be electric in the relatively near future. And yet, the auto industry – which is responsible for more pollution than any other sector, at least in rich countries – still lobbies to worsen emissions reduction targets, even when those targets were already pushed back to begin with.

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Baua Electric

AUGUST 26, 2024

Canada is set to impose a 100% tariff on Chinese EVs, following similar moves by the US and Europe. Prime Minister Justin Trudeau told reporters on Monday that Canada will enforce a 100% tariff on Chinese EVs. Canada will follow the US, its biggest trade partner by far, in enacting a 100% tariff rate on Chinese EV imports.

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Baua Electric

JUNE 18, 2024

Chinese EV makers, including BYD , accounted for over 40% of German EV imports through April 2024. Despite Chinese electric vehicle imports slipping 15.7% According to data released by the German statistics office Tuesday (via Reuters ), German EV imports from Chinese automakers like BYD reached 31,500 through April 2024.

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Baua Electric

JUNE 12, 2024

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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Teslarati

SEPTEMBER 12, 2024

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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Baua Electric

JUNE 17, 2024

A previously announced joint venture between China’s Leapmotor and Stellantis has begun building EVs in Europe ahead of local deliveries targeted this fall. Today’s latest update on the production of Leapomotor BEVs in Europe comes just over a month after the Chinese automaker confirmed the new business venture with Stellantis.

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Teslarati

MAY 6, 2024

It also comes as Tesla prepares to enter the Chinese market with its Full Self-Driving (FSD) software, and as such, many have been speculating that the move could be related to the system’s rollout in the first country outside of North America. billion in yearly earnings by 2030. What are your thoughts?

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