Tuesday, 25 February 2025

Focus on Automotive

FILE PHOTO: Porsche's electric vehicle Macan Turbo is displayed at its booth during the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China, April 25, 2024. REUTERS/Tingshu Wang/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsTransport

Porsche sticks with plans to stop some combustion model production

Petrol-powered SUV at "the end of its cycle", as Porsche EVs plan speeds up despite recent slump in demand.

FILE PHOTO: Cars wait in traffic in Shanghai, China March 10, 2021. REUTERS/Aly Song/File Photo
AutomotiveBusinessElectric Vehicles (EVs)FinanceNewsPoliticsTrade

EU tariffs hit growth in China’s electric car exports, industry body official says

Growth used to be at least 30-40%, and it has slowed to only more than 10%, meaning (the tariffs) had a 20-30 percentage...

FILE PHOTO: The BYD logos are displayed at the 45th Bangkok International Motor Show in Bangkok, Thailand, March 25, 2024. REUTERS/Chalinee Thirasupa/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsTransport

China’s BYD acquires 20% stake in Thai dealer Rever Automotive

The Shenzhen-based automaker has opened its first Southeast Asia factory in Thailand, and will have an annual capacity of 150,000 vehicles.

FILE PHOTO: A staff member hands an umbrella to a man outside a store of Chinese electric vehicle (EV) maker Nio at the company's manufacturing base in Hefei, Anhui province, China June 28, 2024. REUTERS/Ellen Zhang/FIle Photo
AutomotiveBusinessElectric Vehicles (EVs)LabourNewsTransport

Nio CFO Feng steps down, EV maker appoints insider as successor

EV maker Nio said on Friday Steven Wei Feng has stepped down as its CFO, effective immediately, citing personal reasons

FILE PHOTO: A general view of BYD's first electric vehicle (EV) factory in Southeast Asia, a fast-growing regional EV market, in Rayong, Thailand, July 4, 2024. REUTERS/Chalinee Thirasupa/File Photo
AutomotiveBusinessElectric Vehicles (EVs)FinanceNewsTransport

BYD’s steep EV discounting in Thailand sparks backlash, PM seeks assurances

Thailand's consumer protection agency has initiated a probe into discounting by BYD dealers that left some buyers feeling they overpaid

FILE PHOTO: Tesla Model Y on display at the Everything Electric exhibition at the ExCeL London international exhibition and convention centre in London, Britain, March 28, 2024.  REUTERS/Peter Cziborra/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsTransport

Several Chinese state firms in Shanghai buy Tesla Model Y cars

Several state-owned firms in Shanghai have recently purchased Tesla Model Y as service cars, a local government statement said on Friday

FILE PHOTO: A staff member cleans a display showing the locations of battery maker CATL's production bases, at the CATL booth during the first China International Supply Chain Expo (CISCE) in Beijing, China November 28, 2023. REUTERS/Florence Lo/File Photo
AutomotiveElectric Vehicles (EVs)ElectricityNewsStorageTransport

How China’s EV battery makers stack up in energy storage

China's electric vehicle battery giants CATL and BYD are eyeing the growing market for stationary energy storage

FILE PHOTO: A general view of visitors looking at models from BYD, a Chinese automobile manufacturer, during an event a day ahead of the official opening of the 2023 Munich Auto Show IAA Mobility, in Munich, Germany, September 4, 2023. REUTERS/Leonhard Simon/File Photo
AutomotiveBusinessClimateEconomyElectric Vehicles (EVs)IndustryManufacturingNewsPoliticsTrade

China steps up pressure with EU brandy probe hearing as EV tariffs begin

China has repeatedly called on the European Union to cancel its tariffs, expressing a willingness to negotiate.

Brussels launched an investigation last year into Chinese manufacturers to probe whether state subsidies unfairly undercut European automakers (AFP)
AutomotiveBusinessElectric Vehicles (EVs)NewsPoliticsRegulationsTradeTransport

EU slaps Chinese electric cars with tariffs of up to 38%

The EU on Thursday slapped extra provisional duties of up to 38% on Chinese electric car imports because of "unfair" state subsidies

FILE PHOTO: A poster for an MG-4 EV, a brand of Chinese state-owned carmaker SAIC, is displayed at a car showroom in Santander, Spain, June 13, 2024. REUTERS/Vincent West/File Photo
AutomotiveBusinessElectric Vehicles (EVs)In-DepthPoliticsRegulationsTradeTransport

What happens next in the EU investigation into Chinese EVs?

EU regulators will impose provisional duties on Chinese-made EVs imported into the European Union from Friday

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