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Mexico Won't Offer EV Incentives to Chinese Automakers

The Truth About Cars

Chinese automakers are expanding into Mexico, with companies like BYD opening dealerships across the country. Even so, the Mexican government isn’t rolling out the red carpet due to pressure from the United States. Automotive News reported that the country would not offer tax incentives or land discounts to Chinese automakers.

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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.

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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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Biden administration announces $1B fund to support EV automakers

Teslarati

” 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. It is expected to help over 250,000 people across the United States who work for small to medium-sized auto suppliers.

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

Baua Electric

In 2018, the Office of the United States Trade Representative imposed tariffs of 25% under Section 301 of the Trade Act of 1974, in response to China’s “unfair trade practices.” According to NAGA, China’s graphite supply surpasses global demand, allowing it to flood markets with cheap graphite and manipulate prices.

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

Teslarati

The European Union and the United States have made similar moves in an effort to prioritize domestic manufacturing efforts and attempt to woo consumers to buy vehicles in a local market. tariffs on Chinese imports, including at least a 100 percent tariff on Chinese electric vehicles.” I’d love to hear from you!

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Tesla is redefining the “Made in China” moniker with Giga Shanghai: report

Teslarati

The narrative surrounding Tesla appears to have shifted for the better in China, with Xinhua News Agency , the official state-run press agency of the People’s Republic of China, recently posting a glowing analysis of the EV maker’s effect on the country’s auto sector.

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