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Kia to build $30,000 EV3 in Mexico, unlocking US EV tax credit

Electrek

A new low-cost EV is primed to hit the US market. Kia plans to build its new EV3 in Mexico as it looks to take advantage of the US electric vehicle tax credit.

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Biden administration considers penalties for Chinese EV companies in Mexico

Teslarati

The Biden Administration is considering penalties for Chinese electric vehicle (EV) automakers who are moving production to Mexico. On May 14, 2024, the Biden Administration released new tariffs on Chinese EV imports and other sectors to protect American workers and businesses in the United States. According to U.S.

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Kia and Hyundai to build EVs in Mexico for IRA tax credit eligibility

Electrek

The Governor of New Nuevo León, Mexico, announced a new (potential billion-dollar) investment from Kia to expand its plant in the region and produce two EVs together with Hyundai. The move comes as the two automakers look to ensure EV models qualify for the IRA tax credit.

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Tesla hopes to replicate Giga Shanghai lines in Mexico, but U.S. isn’t thrilled

Teslarati

Tesla is hoping to replicate production lines in Shanghai at its upcoming Giga Mexico factory by inviting Chinese companies to supply the manufacturing efforts with localized plants. officials are not thrilled about the potential for Chinese companies to supply Tesla and its new factory, which will produce its next-gen platform.

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‘Discriminatory’ EV tax credit could bring Mexico-imposed tariffs

Teslarati

The $12,500 electric vehicle tax credit proposed in President Joe Biden’s “Build Back Better” plan is being labeled as “discriminatory” by Mexican Economy Minister Tatiana Clouthier, who said the country is analyzing legal recourse and other actions, including potential tariffs against the United States.

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Trump promises 100% tariff on Mexico-built Chinese cars—EV or not

Baua Electric

Former President Donald Trump has announced that he would apply a tariff of 100% to cars built in Mexico by Chinese companies for U.S.-market In a Saturday campaign speech in Dayton, Ohio, Trump said that over a period of 30 years Mexico has taken away 34% of the automobile manufacturing business in the U.S.

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Under US pressure, Mexico refuses to offer incentives for Chinese EV makers – Charged EVs

Baua Electric

They’re also building auto plants in Mexico, and many believe that they hope to eventually export vehicles from these plants to the US. About 20 Chinese automakers sell cars in Mexico, but none currently produce them in the country.) Chinese automakers could theoretically get around US tariffs by producing vehicles in Mexico.

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