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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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Canada most recent country to consider tariffs on China-made EVs

Teslarati

Canada is now mulling the possibility of placing tariffs on China-made electric vehicles, becoming the most recent country to consider a potential tax on EVs that come from the world’s largest automotive market. Canada is now considering adding tariffs to those vehicles that are imported from China. I’d love to hear from you!

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Chevy Bolt cheap? This Chinese knockoff is a third the price, readying for export

Electrek

As BYD expects to pass Tesla in Global EV sales this year by expanding its markets with significantly lower-priced vehicles, will we start seeing these hyper-cheap products outside of BYD’s home market of China? more… The post Chevy Bolt cheap?

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Tesla maintains an Outperform rating by Wedbush as Q1 2024 ends

Teslarati

Economist says cheap Chinese EVs should be kept out of U.S. due to security risk Wedbush acknowledged the price competition with the Chinese auto market but predicts aggressive price reductions will start to die down by spring or summer 2024. The Chinese electric vehicle market has been steadily increasing.

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China issues draft guidelines to rein in lithium battery industry – ET Auto

Baua Electric

China is the world’s largest lithium battery market, accounting for some 57% of global demand in 2022, according to the Economist Intelligence Unit. China is the world’s largest lithium battery market , accounting for some 57% of global demand in 2022, according to the Economist Intelligence Unit.

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China is exporting so many EVs that it needs more ships – a lot more

Baua Electric

Chinese EV makers are looking to export electric vehicles by the tens of thousands around the globe, but they need a lot more car-carrying vessels to make that happen. China now has the world’s eighth-largest shipping fleet with 33 car-carrying ships, according to data from shipping consultants Veson Nautical and reported by Reuters.

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

Baua Electric

The North American Graphite Alliance (NAGA), which represents US and Canadian producers of battery-grade graphite, has submitted a request to US Trade Representative Katherine Tai to reinstate Section 301 tariffs on three graphite products from China. As regular Charged readers know, China completely controls the global graphite market.

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