Ford showcases the Mustang Mach-e SUV at the Guangzhou auto show in November. [Photo/China Daily] Amid the burgeoning development of new energy vehicles in China, a notable shift is evident among foreign automakers, many of whom are scaling back their previously ambitious electric vehicle targets. Last week, Porsche announced a back-track from its target of … Continue reading Overseas NEV demand wanes, forcing change in gear
Tag: EVs
As EV tariff talks continue, China urges pragmatism
China-made new energy vehicles await shipment to Europe in Xiamen, Fujian province. JIANG KEHONG/XINHUA BEIJING/BRUSSELS — China has reiterated its stance on reaching a mutually acceptable solution to a trade spat involving Chinese electric vehicles exported to the European Union as talks between the two sides continue. Scholars and stakeholders have elaborated on the indispensable … Continue reading As EV tariff talks continue, China urges pragmatism
US automakers pump the brakes on EV plans
A tire rim on a vehicle at a Ford Motor Co dealership in Colma, California, US, on Feb 1, 2021. [Photo/VCG] Ford Motor outlined plans on Thursday to use a Canadian plant it had earmarked for a future electric vehicle to instead build larger, gasoline-powered versions of its flagship F-Series pickup truck. Ford had already … Continue reading US automakers pump the brakes on EV plans
GM scales back EV ambition in North America
The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, US, on March 16, 2021. [Photo/Agencies] General Motors has given up its previously announced target that it would have 1 million units of electric vehicle production capacity in North America by the end of 2025. A GM spokesperson … Continue reading GM scales back EV ambition in North America
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
Talks critical to resolving EU tariff spat
Hundreds of vehicles line up at a port of Wuhu, Anhui province, on March 10, 2024, awaiting export. [WANG YUSHI/FOR CHINA DAILY] Despite the challenging and highly complex nature of China-European Union negotiations on the latter’s anti-subsidy investigation into Chinese electric vehicles, such talks remain the most effective way to prevent the escalation of bilateral … Continue reading Talks critical to resolving EU tariff spat
Largest US oil trade group sues to block Biden’s ‘intrusive’ EV efforts
Staff clean the floor of the Ford booth at the 2020 Beijing auto show. [LI FUSHENG/CHINA DAILY] The United States’ largest oil trade group, which includes Exxon Mobil and Chevron, filed a federal lawsuit on Thursday seeking to block the Biden administration’s efforts to reduce planet-warming emissions from cars and light trucks and encourage electric … Continue reading Largest US oil trade group sues to block Biden’s ‘intrusive’ EV efforts
EU’s tariff plan targeting Chinese EVs to undermine its own green transition: official
Employees work on the assembly line of a new energy vehicle manufacturer in Chongqing. [Photo by TANG YI/XINHUA] BEIJING — The European Union’s plan to impose additional duties on imports of Chinese electric vehicles will undermine its own green and low-carbon transformation and the global response to climate change, a Chinese official said Tuesday. Li … Continue reading EU’s tariff plan targeting Chinese EVs to undermine its own green transition: official
Investments forecast to hit profits at Toyota
Toyota showcases its electric car at the second China International Import Expo in November. [Photo by Li Fusheng/China Daily] Toyota Motor forecast a 20 percent profit decline in the current financial year on Wednesday, citing looming investment in both its suppliers and strategy after it delivered blockbuster fourth-quarter earnings. Despite the leaner forecast, the results … Continue reading Investments forecast to hit profits at Toyota
Crisis or opportunity: traditional automakers in EV race
A BYD vehicle on display during an expo in Paris, France. [Photo/Xinhua] Editor’s note: The following article is the result of joint efforts of the Beijing Municipal People’s Government Consultation Office and the Cloud River Urban Research Institute. Delving into the changing global auto industry landscape, the article analyzes the challenges facing established automakers like … Continue reading Crisis or opportunity: traditional automakers in EV race