Sunday, 19 January 2025

Focus on Polestar

A logo of Polestar is pictured on a car at the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China, April 25, 2024. REUTERS/Tingshu Wang
AutomotiveBusinessElectric Vehicles (EVs)NewsTransport

Polestar shares rebound on funding boost, margins reassure

Polestar shares rise after announcing $1.3bn in external funding after months of setbacks.

FILE PHOTO: A Tesla logo is seen on the body of its electric vehicle (EV) during a media day for the Auto Shanghai show in Shanghai, China April 20, 2021. REUTERS/Aly Song/File Photo
Electric Vehicles (EVs)NewsPoliticsTrade

Tesla asked Canada for lower tariff on China-made EVs: govt source

Tesla sought a lower tariff on Chinese-made EVs before Canada imposed a 100% duty, similar to the EU's approach.

A guest looks at the Polestar 3 SUV during the New York International Auto Show Press Preview, in Manhattan, New York City, U.S., March 27, 2024. REUTERS/David Dee Delgado/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsPoliticsTransport

Swedish EV maker Polestar starts U.S. production, avoiding heavy tariffs

Polestar begins production in South Carolina facility on electric SUVs in move to avoid tariffs on Chinese-made cars.

FILE PHOTO: Volvo reveals their new Volvo EX30 fully-electric small SUV vehicle during an event in Milan, Italy June 7, 2023. REUTERS/Claudia Greco/File Photo
AutomotiveBusinessElectric Vehicles (EVs)News

Volvo Cars blames EU tariffs as it cuts 2024 sales forecast

Volvo produced 211,900 cars in the second quarter, more than it sold amid the decline in European demand for EVs. 

China has spearheaded a targeted industrial strategy to boost its EV sector, pouring vast state funds into domestic firms (AFP)
AnalysisBusinessElectric Vehicles (EVs)FinanceIn-DepthPoliticsTrade

Why are Chinese EVs facing EU scrutiny and tariffs?

Beijing has yet to react but a Chinese trade group condemned the bloc's "protectionism".

FILE PHOTO: A Polestar 2 electric car is seen in Stockholm, Sweden in this undated photo obtained February 27, 2019. Polestar/Handout via REUTERS
BusinessElectric Vehicles (EVs)NewsPoliticsTrade

Polestar posts loss, plans steps to offset tariffs on China-made EVs

The Swedish company currently makes all its electric vehicles in China.

The Polestar 4 electric SUV is displayed at the New York International Auto Show Press Preview, in Manhattan, New York City, U.S., March 27, 2024. REUTERS/Brendan McDermid/File Photo
AutomotiveBusinessElectric Vehicles (EVs)FinanceNewsTransport

Polestar reports decline in 2023 revenue as EV maker grapples with slowing demand

EV-maker Polestar said on Friday, that its 2023 revenue fell about 3% and its losses widened as it grappled with slowing demand

An electric car of Zeekr, a premium brand owned by Chinese automaker Geely, is on display at the Frank-Auto dealership in Moscow, Russia June 14, 2024. REUTERS/Yulia Morozova
AutomotiveBusinessElectric Vehicles (EVs)News

Zeekr’s sales jump as Chinese dominate Russian EV market

Sales of Zeekr electric vehicles have shot up in Russia in the last year, putting Chinese carmakers ahead of local competition

China has spearheaded a targeted industrial strategy to boost its EV sector, pouring vast state funds into domestic firms as well as research and development (AFP)
AnalysisAutomotiveBusinessElectric Vehicles (EVs)IndustryPoliticsReportsTradeTransport

Why are Chinese electric cars in EU crosshairs?

The European Union said this week it would slap additional tariffs of up to 38 percent on Chinese electric cars from next month...

FILE PHOTO: Chinese and U.S. flags flutter outside the building of an American company in Beijing, China January 21, 2021. REUTERS/Tingshu Wang/File Photo
AnalysisAutomotiveBusinessEconomyElectric Vehicles (EVs)In-DepthPoliticsTrade

Analysis: A US-China EV trade war threatens Biden’s clean-car agenda

Newly announced tariffs on Chinese EVs and associated parts could do provide relief for the US auto industry – but it may harm...

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