Kathari News’ Post

Chinese-owned Volvo Hit with U.S. Delays Following Tariffs Swedish automaker Volvo, owned by Chinese automaker Geely, is delaying the U.S. launch of the economically priced EX30 BEV following higher tariffs set by the U.S. and EU for Chinese-made vehicles. http://spr.ly/6043gLj4J #Automotive #AutomotiveTechnology #IndustryNews

Polestar Begins US Production to Sidestep Chinese EV Tariffs Swedish electric vehicle maker Polestar has started production of its Polestar 3 SUV in the United States, marking a significant step in avoiding major tariffs on Chinese-made cars, according to Reuters. Polestar Shifts Production Strategy Polestar, majority-owned by China’s Geely, has been manufacturing its vehicles in China and exporting them to overseas markets. However, recent steep tariffs imposed by the US and Europe on Chinese-made cars have prompted many automakers, including Polestar, to accelerate plans to relocate parts of their production. The Polestar 3, now being manufactured at Volvo’s plant in South Carolina, will cater to customers in both the […] by Haye Kesteloo #ev #China #Europe #Make #Polestar #Renault #SEC #SouthCarolina #Tesla #UnitedStates #Volvo

Chinese-owned Volvo Hit with U.S. Delays Following Tariffs Swedish automaker Volvo, owned by Chinese automaker Geely, is delaying the U.S. launch of the economically priced EX30 BEV following higher tariffs set by the U.S. and EU for Chinese-made vehicles. http://spr.ly/6042gLj4y #Automotive #AutomotiveTechnology #IndustryNews

“Chinese [battery] electric cars will be funnelled towards Britain as manufacturers seek to avoid punishing European Union tariffs, analysis predicts. Car makers including MG owner SAIC and BYD offloaded a record number of [battery] electric vehicles [BEVs] in Europe this summer, as part of efforts to escape incoming taxes imposed by Brussels…according to analysis by Schmidt Automotive Research. However, the analysis said Chinese brands see Britain as a particularly attractive market for right-hand drive cars because of tough policies such as the zero emission vehicle mandate, which compels car makers to sell rising proportions of BEVs. Britain is currently Europe’s second-biggest market for BEVs, behind Germany.  Matthias Schmidt, the firm’s founder, said if the EU tariffs stick, we would expect the Chinese to prioritise the UK [which isn’t planning to implement tariffs]. The UK is implementing strict regulatory measures such as the zero emission vehicle (ZEV) mandate, so the Chinese brands stand to benefit”, while UK taxpayers and consumers pick up the cost of the UK government’s legislative stupidity.

The Sword of Damocles for car manufacturers in China. After the US imposed tariffs, the all-electric Mini, which is manufactured in China, may be subjected to a 38.1% tariff under the EU's proposed plans. This could impact its sales prospects. The joint venture responsible for producing the vehicle failed to meet the EU's investigation requirements. German carmakers, including BMW Group, have expressed concerns about the potential trade war and resulting tariffs. The deadline to impose provisional measures is July 4, and the investigation will continue until late October. #europe #tarriffs #china #usa #europe #carmakers #automotive #evindustry #electriccars #cleanmobility #battery https://lnkd.in/eVaXT86m

Polestar Preparing To Export More U.S.-Built EVs If EU Imposes Increased Tariffs To Chinese-Made Models: The carmaker is off to a difficult start to 2024 after posting a significant decrease in sales for the first quarter #car #cars #awesome

Chinese electric vehicle (#EV) manufacturers are increasingly partnering with European firms to avoid EU tariffs of up to 48% on Chinese EV imports. These partnerships help Chinese automakers like Chery, Leapmotor, and BYD establish local production in Europe, ensuring their vehicles are considered domestically. The EU, while imposing these tariffs, still needs affordable EVs to meet its 2035 phase-out of combustion-engine cars. Key collaborations include #Chery with Spain's Ebro-EV Motors, #Leapmotor with #Stellantis in Poland, and potential factories by #BYD in Hungary and Turkey. #ElectricVehicles #AutomotiveIndustry #SustainableMobility #GlobalTrade #EUAutomotive #EVManufacturing #FutureOfTransport #AutomotivePartnerships https://lnkd.in/dekxWsNN

Volvo Shifts EV Production to Europe Amid EU-China Tensions Volvo, the Swedish automaker owned by China’s Geely, is moving production of its electric vehicles (EVs) from China to Belgium as the European Union (EU) considers imposing tariffs on Chinese-made EVs, according to a report by The Times. EU Investigates Chinese EV Subsidies The European Commission launched an investigation in October 2023 to determine whether Chinese-made EVs are receiving unfair subsidies and if additional tariffs are necessary. The probe, which can last up to 13 months, has strained relations between China and the EU, with the latter seeking to reduce its reliance on the world’s second-largest economy. Volvo’s Production Shift […] by Haye Kesteloo #ev #China #Europe #Make #Nio #SEC #Tesla #UnitedKingdom #Volvo

Automakers in #China are ramping up exports of #hybrid vehicles to Europe and planning more models for the key market, exposing the limits of the European Union's electric vehicle tariff scheme. The bloc's latest EV tariffs to protect its auto industry from a flood of cheap Chinese imports do not apply to hybrid cars. That could see major brands such as China's top #EV maker BYD   https://lnkd.in/gtnWCgrW   Automotive Analysis and Commentary – November 2024 - https://lnkd.in/gcSZ4pB8