Latest News for: China electric car


Now, electric vehicles and AI are targets in global tug of wars

Gulf News 17 Apr 2024
This discrepancy has prompted the US to revoke tax breaks for electric> car buyers if the metals or battery components originate from China ... cars rely on batteries manufactured in China.

French President Emmanuel Macron calls for tougher sanctions against Iran as EU leaders gather for ...

Hindustan Times 17 Apr 2024
... response to the Biden Administration’s support for investment in environmentally friendly technology through the Inflation Reduction Act, and to China’s subsidies for electric> cars and solar panels.

Is the global EV bubble bursting? As global demand starts to slow, share prices tank ...

The Daily Mail 16 Apr 2024
In China, one in three new cars sold are electric, in the rest of the world it's one in five ... BYD electric cars waiting to be loaded on a ship are stacked at the international container terminal of ...

Xiaomi’s success means more trouble for battered China electric vehicle stocks

South China Morning Post 16 Apr 2024
Xiaomi’s roaring entry into the electric vehicle market is dimming the recovery outlook for China’s beaten down car start-ups, with better-than-expected initial orders for the SU7 helping a rally its shares ... .

China is still struggling to fix its demand problem — and that's bad news for ...

Business Insider 16 Apr 2024
Meanwhile, new home sales tumbled 31% over the first quarter, suggesting that China's shaky property market is still dragging down growth ... The electric car maker shocked Wall Street by posting dismal quarterly delivery numbers earlier this month.

Tesla plans to lay off 10% of workforce after dismal quarterly sales, multiple news outlets report

Korea Times 16 Apr 2024
Visitors check a Tesla Model 3 car next to a Model Y displayed at a showroom of the U.S. electric vehicle (EV) maker in Beijing, China February 4, 2023 ... News of the layoffs was first reported by electric vehicle website Electrek.

German leader backs open EU market for Chinese cars

Russia Today 15 Apr 2024
Read more China’s electric tech advances ‘unfair competition’ – US Treasury ... Chinese automakers have actively penetrated foreign markets in recent years and are steadily closing the gap with Western rivals, particularly in terms of electric cars.

Tesla to lay off over 10% of global workforce: Reports

Anadolu Agency 15 Apr 2024
The decision came amid a price war in China's electric vehicle market, with Tesla starting to feel the heat ... China-based global smartphone manufacturer Xiaomi announced last month that it will sell its electric vehicle SU7 cheaper than Tesla in China.

Tesla aims to open showrooms in India before sales start

Business Day 15 Apr 2024
Tesla is grappling with slower growth for electric> vehicles in its main markets of the US and China ... Demand for electric cars in India — the world’s third-largest car market — is expected to rapidly climb.

Tesla signs deal with Indian conglomerate – media

Russia Today 15 Apr 2024
Tata Group will reportedly make semiconductor chips for the electric car manufacturer owned by Elon Musk ... Here’s how India can overtake China on the electric car market ... The US car maker’s foray ...

China economy seen slowing in first quarter on housing, consumer woes

Guam Pacific Daily News 15 Apr 2024
Analysts told AFP they expected China to post around 4.6 percent growth in the year's first quarter WANG Zhao ... "Home buyers remain very bearish," Gene Ma, head of China research at the Institute of International Finance, told AFP.

Iran-Israel explosion blows Asia’s Fed hopes asunder

Asiatimes 15 Apr 2024
Meanwhile, Crowther adds, “a fast-growing middle-income population segment purchased millions of new cars every month – virtually all running on gasoline before China’s electric vehicle boom.”.

Is the World Trade Organisation era ending?

Dawn 15 Apr 2024
China, which became the world’s largest electric car exporter last year and is believed to be the main target of this subsidy programme, has filed a complaint with the WTO to initiate consultation over the IRA.

Senator Calls on Biden to Permanently Ban Chinese Electric Vehicles to Protect US Manufacturing Base

The Epoch Times 14 Apr 2024
Sherrod Brown (D-Ohio) has called on President Joe Biden to ban all China-made electric vehicles (EV) amid growing concerns that these imported cars could ...