NEV registrations hit 50% for the first time in China's history. Huge milestone for the EV industry
BYD supplying 100+ electric double decker bus for London
China's auto market trend according to Carfans
The tariffs are being put there to basically save overpriced EVs. The reality is that EV in the US and the West in general are basically high price luxury cars, the lack of EV infrastructure is already dampening adoption and on top the traditional car makers are looking any excuse in the playbook to stop making EVs because is really no profitable to them. The threat that a cheap EV like the BYD one could have forced Tesla but more special traditional US car makers to produce cheaper EVs and invest more in EV infrastructure.
The new luxury car model to be co-developed by Huawei Technologies and Jianghuai Automobile Group, better known JAC Motors, will rival the Mercedes-Benz Maybach and the Rolls-Royce Phantom, according to the chairman of the Chinese telecoms giant’s Intelligent Automotive Solutions Business Unit.
Adding a fast charger to a home requires major electrical work at a cost of thousands of dollars on top of the cost of the charger and installation of the charger. Without a fast charger, it takes about 4 full days to fully charge a Tesla at home. Living in suburbs also result in significantly more miles driven by households, particularly if the car is also used to commute. These factors make EVs relatively less attractive to suburban Americans.Actually, infrastructure is probably less of a holdback in the US/Canada than other parts of the world due to the prevalence of single family homes. However, this means that they are even more of a luxury good because you also have to add the cost of the charger + installation and the increasing cost of single family homes in most metro areas.
The Chinese manufacturer announced plans last month to bring its Seagull hatchback to Europe next year. The car offers premium features like a rotating touch screen and wireless phone charging and sells for less than $10,000 in China. Even after tariffs and modifications to meet European standards, BYD executives expect to sell the Seagull for less than €20,000 ($21,500) on the continent.
That would price the four-seater thousands below electric runabouts that Stellantis NV, Renault SA and others are counting on to help them bridge the energy transition. Its impending arrival is ratcheting up pressure on Europe’s automakers for dominance in the post-combustion engine era. An anti-subsidy investigation by Brussels is unlikely to extinguish the threat.
Very smart by China. ICE is already on the way out in China, and China doesn't mind kicking it while it's falling down. Then this would also enable domestic manufacturers to benefit.
Bloomberg) -- China signaled it’s ready to unleash tariffs as high as 25% on imported cars with large engines, as trade tensions escalate with the US and European Union.
Bloomberg) -- China signaled it’s ready to unleash tariffs as high as 25% on imported cars with large engines, as trade tensions escalate with the US and European Union.
In addition to the jab at the car trade, China has recently hinted it could impose tit-for-tat levies on European wine and dairy products, and begun an investigation into European exports of brandy.