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

Teslarati

Morgan Stanley analyst Adam Jonas deemed Tesla and CATL the power couple that could recharge the United States electric vehicle (EV) market. In a note released earlier this week, Morgan Stanley writes that the United States is an under-penetrated EV market, whereas China is a fully-penetrated EV market.

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

Baua Electric

of the market, up from 90.1% of the entire auto market. 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. In the month of February, plug-in vehicles took 92.1% year-on-year.

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China creeps westward: Stellantis partner Leapmotor ships its first batch of EVs from China to Europe – Charged EVs

Baua Electric

In response to the advent of cheap Chinese EVs, the US and EU have instituted various measures to favor domestically manufactured vehicles—including, most recently, steep new tariffs. It remains to be seen what the long-term results of these policies will be, but the westward seepage of Chinese-made vehicles continues.

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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.

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Trade group asks administration to reinstate tariffs on Chinese graphite, critical material for EV batteries

Baua Electric

The group also commissioned a market report from Oxford Economics that explains the rationale behind reinstating the tariffs, and the likely impact on the market. As regular Charged readers know, China completely controls the global graphite market. The concerns go beyond mere supply shortages.

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Tesla China to launch Powerwall batteries and residential solar for domestic market

Teslarati

While Gigafactory Shanghai has been producing electric vehicles for the local Chinese market for over a year now, Tesla China’s operations have so far been focused on the company’s electric car business. Stay tuned for our updates on Tesla China’s Powerwall and solar event tomorrow.

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Xiaomi CEO admits Tesla has unique advantage over EV competitors

Teslarati

Xiaomi’s SU7 is priced high compared to many other EVs in the Chinese market. While other companies are able to offer cheap and affordable EVs, new companies are placed in a strange spot as they risk being undercut and outsold by established names on the block. Its top trim will be priced at $46,671, or 336,000 RMB.

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