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READ MORE: Omoda and Jaecoo the latest new Chinese brands to take on BYD and GWM READ MORE: IM Motors locked in for Australian arrival as MG’s luxury arm READ MORE: Hating on Chinese EVs? It’s fabulous, but will anyone buy a $135,000 Chinese MPV? Bloody hell. The Zeekr 009 is on sale in Australia.
Jiangnan Shipyard, owned by China State Shipbuilding Corp (CSSC), has ordered an LPG (liquefied propane gas)-burning MAN B&W 6G60ME-LGIP engine in connection with the building of an 86,000-m 3 VLGC (Very Large Gas Carrier) for Tianjin Southwest Maritime (TSM), the Chinese shipping company. HFO-burning engines to 6G60ME-C9.5-LGIP
Cars built by Chinesecompanies like BYD in Mexico could have a devastating effect on American manufacturers, according to AAM. The post AAM Calls CheapChinese EVs Built In Mexico “An Extinction Level Event” appeared first on CleanTechnica.
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.
The data and analytics company notes that such actions will simply mean Western countries will be more reliant on Russian oil and gas for longer. EV and battery companies in China may well step in and buy the commodity at lower prices. Russia has reportedly been looking to reduce the impact of sanctions by turning to Asia for trade.
Chinese electric vehicle giant BYD thinks the USA’s Inflation Reduction Act is preventing the sale of cheap electric cars in the United States. We asked BYD’s CEO whether or not the company would bring its popular electric vehicles (EVs) to the US a couple of times in the past decade. Does this make sense?
When most families go on safari, they rent a truck or pay a company for a guided tour. But with this cheapChinese electric truck I find in the bowels of the internet, you could spend the same amount of money and get to keep your safari truck at the end! The post Weird Alibaba: 4-door $4.5k
There was a time when brave car companies, and Saab in particular, thought it would be amusing to build cars with silly amounts of torque and then attempt to put it through the front wheels alone. It would be fair to mention at this point that the GWM Ora is cheap, very cheap, just about the cheapest EV money can buy.
Chinese automakers are expanding into Mexico, with companies like BYD opening dealerships across the country. Automotive News reported that the country would not offer tax incentives or land discounts to Chinese automakers. They also want to take action to protect American EVs from cheap or subsidized Chinese models.
Just days after Volkswagen said it would go it alone and produce its cheap €20,000 ($A32,500) EV without any help, Renault has announced that it has already found a new Chinese partner to help it create its low-cost Renault Twingo. The post Twingo is GO!
In addition, the United States has an under-supply of affordable EVs and cheap batteries for electric vehicles. The current political climate between the United States and China discourages Chinese battery suppliers like CATL from distributing their oversupply of batteries to the US.
Especially US companies have benefited from the cheap labour in China for decades. @Neehaw Asinine In reply to Neehaw Asinine. Well I guess, the topic is complex and long. without any complaints or concerns.but taking the benefits.now China is a different country.if they decide to open factories in EU then great.
READ MORE: Light speed: Honda next-gen 0 Series electric cars preview F1 tech that will give it the edge over its cheaper Chinese rivals READ MORE: Will it be a Hossan or Ninda? Sharing costs would drive up profit, enabling it to compete on a level-footing with the likes of both Tesla and the looming threat of Chinese car-makers such as BYD.
Although competitive Chinese automaker BYD isn’t yet slated to enter the U.S. market, the company’s recent release of a city EV with a price tag under $10,000 has some worried for when it and other low-cost companies do. While BYD isn’t planning to enter the U.S. auto sector,” the organization writes.
Fresh from its assault on Australia’s entry-level EV space, a new wave of Chinese manufacturers will now attack more premium players, placing a target on the back of brands like BMW, Audi and Lexus. A new wave of Chinese manufacturers is coming, and they might just change the premium landscape in Australia.
The European Commission’s anti-subsidy probe into electric vehicle (EV) imports from China prompted a retaliation from the Chinese government. The Chinese government launched a trade probe into luxury liquor producers from Europe. The volume of Chinese EVs at the event caught the eye of the European Commission.
It appears the change is due to higher demand for the Model 3, especially considering new reports indicated that Giga Shanghai is in “full operation,” according to Chinese media members who recently visited the production facility. The Model Y has truly taken over as Tesla’s big seller.
Proposals of a company-wide 10 per cent wage cut and elimination of all bonuses are also being considered. The radical move to slash costs and save billions in overheads comes from an economic slowdown in Europe and slowing sales in China, plus the ever-looming threat of more cut-price Chinese imports.
” White House to hike tariffs on Chinese EVs to fend off cheap imports The $1 billion fund will be supported by low-cost government-guaranteed lending through a US Small Business Administration license. The EV industry has seemingly become a new frontier for many companies and nations to conquer.
In the old days (last year), the MG ZS compact SUV was cheap and cheerful rental fleet fodder, but now its meant to be something that appeals beyond its price. It’s not much of a defence, but MG is not alone among the Chinese brands in requiring early retunes of new models. MG ZS Hybrid+ Excite. So, anyway, on with the show.
Xiaomi CEO Lei Jun said that Tesla has the unique advantage of being able to raise the prices of its electric vehicles, a move that other companies cannot pull off because they are risking “huge losses.” Xiaomi’s SU7 is priced high compared to many other EVs in the Chinese market.
Chinese electric vehicle sales have hit 31 percent of the overall market, with 25 percent being pure EVs, a substantial growth year-over-year. In raw numbers, over 403,000 new electrified vehicles hit the Chinese market in May, growing 109 percent compared to the same month in 2021.
Mexico is done importing cheap EVs from China and India as it plows ahead with a prototype of its own. Sheinbaum confirmed on Friday that Mexico is building a series of small, cheap EVs that are expected to challenge those made in India and China. The country already has several prototypes. “We
So, what looks like just plain bad investing decisions in throwing money at NIO, it could actually be a grooming of NIO for a very cheap (under 2$ /sh) acquisition of NIO once it has fully weaned off reliance on JAC's contracted manufacturing. A good thing for the Chinese autoworkers, as long as they're OK with the move.
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.
” In a way, such labels were quite fair considering that China had focused its exports in the past on low-quality vehicles that were sold dirt-cheap in developing countries. Veteran automakers didn’t put much effort into making compelling green cars, and some companies ended up relying more on subsidies to get by.
sales have slowed, and global numbers aren’t looking so hot, either, as Chinese automakers are pounding the market with cheap EVs and other models. We are grateful to those who helped establish a strong foundation that positions GM to lead in the industry moving forward.” GM wants to cut $2 billion in fixed costs this year.
It's a meaningless measurement for most car companies, including Tesla. The biggest nominal profits per unit sold come from ultra luxury and super sports cars; for example, I can guarantee you that the per unit profit of the fully electric Rimac Nevera supercar is many times higher than that of any Tesla car.
China is one of the most prominent manufacturers of EVs, as it has many companies offering cars for prices that are, in many cases , a fraction of what other countries and regions can offer. tariffs on Chinese imports, including at least a 100 percent tariff on Chinese electric vehicles.”
A Chinese maker of inexpensive TVs you’ll find at Walmart or on Amazon is launching a new family hatchback EV designed to rival the VW ID.3, A host of Chinese brands that you’ve likely never heard of have been unveiling new EVs at this week’s Paris auto show – which has made a big comeback this year after a major lull post-COVID.
Seres is a subsidiary of Chinese auto giant Dongfeng, and the Seres 3 has sold in China as the Fengon E3 since 2019. Seres’ global website says the company was founded in 2016 in Silicon Valley and launched its first car in China in 2018. But if the brand survives in France for that amount of time is another matter.
The crude is so cheap it’s pretty much free for them, the margins are going to be massive. On the other hand, it won’t be easy for Saudi Arabia—Chinese refiners are also producing more gasoline, for which demand is still strong. However, one cannot easily neglect the Indian and Chinese refiners. Source: [link].
The company has cited market forces as the cause, noting that its Zwickau and Dresden plants in Germany would be throttled down for a couple of weeks. According to Reuters , regional demand for both models has declined as Chinese EVs have started to become commonplace in Europe. 3 technically is a Chinese-made EV. Both the ID.3
It's great that there are some new cheap EV's available out there now - in China at least - but what done the real price become for a company at near-term risk of bankruptcy? the majority of Chinese - and other global - start-ups have very real existential challenge from today forward into the next few years.
The report “Decarbonizing Steel: A Net-Zero Pathway” outlines the path to making profitable, low-emissions steel and describes how a combination of falling hydrogen costs, cheap clean power, and increased recycling could reduce emissions to net zero, even while total output increases. China will continue to play a pivotal role.
It’s official: The European Union is moving ahead with increased tariffs on Chinese-made EVs to as much as 45.3% – in an effort to save its auto industry from total demise. Since the US and Canada apply 100% tariffs on EVs coming from China, Europe has been the most obvious choice for Chinese expansion.
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.
2025 Mercedes-Benz G580 price and equipment Such EV extravagance doesnt come cheap, with the price of the G580 kicking off at $249,900 plus on-road costs (there’s also an Edition One model for $299,900 with various styling enhancements). For a car with some stratospheric price tags the G-Wagen is a popular beast!
The SEC has removed a requirement for companies listed in the New York Stock Exchange (NYSE) to disclose their Scope 3 emissions, according to people who asked to remain anonymous in statements to Reuters last week. Economist says cheapChinese EVs should be kept out of U.S.
During a call with Deutsche Bank, Travis Axelrod, Tesla’s head of investor relations, announced to the car-maker’s backers that the new cheap EV would be priced from less than $US30,000 ($46,500) and could possibly even cost less than $US25,000 ($38,800). It is believed to be undergoing development under the Redwood codename.
Announcing the cheap Jeep at a recent Bernstein investor conference, Tavares said the new $25k model would draw influence from the €20,000 ($A32,500) Citroen e-C3 the firm is currently developing for the European market, and that the same engineering tricks and component sourcing insights will dramatically lower the cost of the incoming SUV.
The two companies will announce the location for the factory, which should cost a “few hundred million dollars” in the near future, CEO Vincent Pluvinage told Reuters. The company says the process also saves money for automakers seeking affordable EV models. Nanowires are ultra-thin wires. silane plant a viable option.
Can the 2026 Honda-Nissan-Mitsubishi merger finally get Japan competitive against Tesla and the Chinese? READ MORE: You can forget a cheap Japanese electric car in Australia: Red-tape ends Mitsubishis dream of sub-$30K eK SUV READ MORE: Electric HiLux incoming! READ MORE: EV fightback! Which is best for the environment: EV or ICE?
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