Vehicle makers in Europe could face fines of 15 billion euros ($17.4 billion) for carbon emissions as they are selling too few electric vehicles, Renault CEO Luca de Meo said on Saturday. Luca, who is also president of the European Automobile Manufacturers Association, made the remarks in an interview with France Inter radio. The EU’s … Continue reading Slow EV sales to bring European carmakers heavy fines
Tag: european
Chinese vehicles made in EU keep costs edge
BYD’s electric models attract visitors at a new energy auto expo in Beijing. [Photo by A QING /FOR CHINA DAILY] Chinese electric vehicle makers like BYD and Chery are charging up production in the European Union to dodge tariffs. On paper, they have an edge, but how long they keep their pole position will hinge … Continue reading Chinese vehicles made in EU keep costs edge
Hongqi to launch two EVs in Europe
A Hongqi Guoyao SUV is displayed during the Changchun International Auto Expo in Jilin province. [TIAN JIAXIN/FOR CHINA DAILY] Chinese automaker Hongqi will launch two electric vehicle models later this year in Europe, according to Reuters. Hongqi said late last week the EH7 and EHS7 models will hit the market in a number of European … Continue reading Hongqi to launch two EVs in Europe
Countering EU misconceptions about Chinese electric vehicles imperative
The exhibition area of BYD during the Ecar Show 2024 in Lisbon, Portugal, in May. WEN XINNIAN/XINHUA GENEVA — The EU’s decision to impose provisional tariffs on electric vehicles imported from China starting July 4 has triggered strong dissatisfaction from both Chinese and European automakers, prompting the two sides to start consultations on the EU’s … Continue reading Countering EU misconceptions about Chinese electric vehicles imperative
China and EU to expedite consultations on tariffs on Chiense EVs
Vehicles from Chinese brands wait to be exported from a port in Suzhou, Jiangsu province. [Photo provided to China Daily] China and the European Union, based on facts and rules, will expedite consultations over the bloc’s decision to impose hefty tariffs on Chinese-made battery electric vehicles, to reach a solution that is acceptable to both … Continue reading China and EU to expedite consultations on tariffs on Chiense EVs
German trade bodies decry EV tariffs
BYD new energy vehicles on display during an expo in Munich, Germany. [Photo/Xinhua] The European Union’s move to temporarily impose high additional tariffs of up to 38.1 percent on Chinese battery electric vehicles or BEVs from July weakens global cooperation and increases the risk of a global trade conflict, said German trade bodies recently. Hildegard … Continue reading German trade bodies decry EV tariffs
Brazil new hot spot for Chinese NEVs
BYD vehicles bound for Brazil await shipment in Lianyungang, Jiangsu province. [WANG CHUN/FOR CHINA DAILY] Brazil is emerging as a top importer of Chinese new energy vehicles amid China’s diversification of NEV exports against the backdrop of ongoing trade conflicts. In April, Brazil imported 40,159 NEVs from China, up 92 percent year-on-year, thus becoming the … Continue reading Brazil new hot spot for Chinese NEVs
European and Chinese carmakers slate tariffs
A ro-ro ship carrying Chery vehicles is set to travel to overseas markets from a port in Wuhu, Anhui province, in May. [WANG YUSHI/FOR CHINA DAILY] The European Union’s decision to impose extra tariffs on Chinese electric vehicles has attracted opposition instead of praise from major European carmakers it vowed to protect, while Chinese carmakers … Continue reading European and Chinese carmakers slate tariffs