US Energy Secretary Jennifer Granholm said that increasing import duties on Chinese EVs to more than 100% is crucial to the local auto industry's health.
Tags: Chinese EVs
China Retaliates Against Pro-Tariff EU Nations by Urging EV Makers to Pause Investment
Chinese automakers receive a caution from Bejing to delay its investments in EU nations that supported high tariffs on China-made EVs.
EU Tariffs on Chinese EVs Threaten Trade Relations and Prices
The EU has imposed new tariffs of up to 45% on Chinese electric vehicles to protect its car industry from perceived unfair subsidies.
China's BYD Launches Electric Vehicle Factory in Thailand, Expanding Regional Presence
BYD, China's largest electric vehicle maker, has opened its first factory in Southeast Asia in Thailand, marking a strategic move into the region's growing EV market supported by government incentives.
EU to Impose Up to 38% Tariffs on Chinese Electric Vehicles
EU will impose tariffs on Chinese EVs, following the footsteps of the US, but EU automakers fear retaliatory measures that will impact stocks.
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Elon Musk stated that neither he nor Tesla were involved in President Joe Biden's decision to implement a 100% tariff on Chinese electric vehicles.
Canada is reportedly exploring raising tariffs on Chinese-produced electric vehicles (EVs) following the US decision to impose higher levies on these imports.
China's EV maker Nio has introduced the first vehicle from its new budget brand, Onvo, to compete with Tesla's best-selling Model Y car.
President Biden's administration plans to announce new tariffs on China, focusing on industries like electric vehicles, batteries, and solar cells, continuing the economic competition between the two nations.
A member of the Senate Banking Committee has made a forceful plea to President Joe Biden, urging him to take action against Chinese automakers and prevent their vehicles from entering the US auto market.
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