BYD has entered Kenya. It's building up all these small markets, because it wants to replace Toyota
Funny they brought up the Buick LaCrosse example.BYD Vietnam to announce to formally launch BYD Tang in October. However, the controversial name of the Tang remains unchanged. Tang is the name of a Chinese dynasty but literally means funeral in Vietnamese. "Would you buy a funeral car?". The company says it understand the situation, but it may take up to 6 months to change the name. It wants customers to experience the car immediately. In my point of view, it might cost too much to change the name for the Vietnamese market is too small.
(News in Vietnamese language. Kindly use Google Translate should you be interested in reading the news)
In Cambodia, Seal U is called Sealion 6, the same name as in Australia and they said it's a global name.I does some reading and find that BYD renamed Sealion to SEAL U for some market too.
China and the European Union agreed to resolve disputes over tariffs on China-made electric vehicles with Chinese carmakers pledging to sell EVs in the trade bloc above minimum prices, according to a spokesperson for China’s Ministry of Commerce.Technical teams from China and the European Commission are actively negotiating a flexible price commitment over the EV tariff disputes.
I have my suspicions what this actually meansEU-China EV tariffs dispute ends!
Agreement now includes price fixing, basically Chinese automakers pledging to sell cars in EU above a certain minimum selling price (exact price to be negotiated later).
This is some capitalism with European chacteristics
China, EU agree to end EV tariff disputes with minimum price pledge, ministry says
China and the European Union agreed to resolve disputes over tariffs on China-made electric vehicles with Chinese carmakers pledging to sell EVs in the trade bloc above minimum prices, according to a spokesperson for China’s Ministry of Commerce.
The agreement was reached after Wang Wentao, minister of commerce, held talks with Valdis Dombrovskis, the European Commission’s executive vice president and commissioner for trade, in Brussels on Sept. 19, the spokesperson said at a briefing in Beijing on Sept. 26.
“Technical teams on both sides are now negotiating on a flexible price commitment plan” and “making every effort to reach a consensus on the solution framework before the final ruling” by the EU on EV tariffs, the spokesperson said.
The European Commission on June 12 proposed tariffs of up to 38.1 percent on EVs imported from China.
The tariffs were adjusted by the commission last month. Following the adjustment, tariffs on EV imports from Chinese companies BYD Co., Geely Automobile Holdings and SAIC Motor Corp. were marginally lowered.
The commission is due to finalize the tariffs by Oct. 30.
I have my suspicions what this actually means
Did enough EU states actually confirm to voting against the tariffs? Or is there some mechanism where the EU commission can unilaterally withdraw the tariffs?