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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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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%. and Canadian customers as well as for export to European markets.

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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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.

Chinese 52
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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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Seres 3: Why this Chinese SUV is the worst EV I’ve driven

EV Central

Beyond that, it was the Seres 3’s poor drive experience, unresolved technology features, its failure to accept DC charge without explanation and bunny hop-inducing regeneration that has landed it top on my Wall of Shame. Seres is a subsidiary of Chinese auto giant Dongfeng, and the Seres 3 has sold in China as the Fengon E3 since 2019.

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