Volvo has reportedly started moving production of EVs to Belgium in anticipation of the European Union's impending taxes on China-made cars.
Tags: EV
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Latest News
Volvo is relocating the production of its Chinese-made electric vehicles to Belgium in anticipation of potential EU tariffs on Beijing-subsidized imports, thereby avoiding the need to halt sales of these EVs in Europe.
Former Tesla board member and clean technology venture capitalist Steve Westly said that he is siding with current board members plotting a coup against the move to increase Elon Musk’s pay package to $56 billion.
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.
China Evergrande New Energy Vehicle Group's stock price doubled when trading restarted on Monday, May 27.
Nissan has decided to delay its plan to build new EVs at its factory in Canton, Mississippi. Nissan has decided to delay its plan to build new electric vehicles (EVs) at its factory in Canton, Mississippi, since EV sales are increasing slower than anticipated.
Tesla CEO Elon Musk has received a proposal from the government of Indonesia to put up an EV battery plant in the country.
Canada is reportedly exploring raising tariffs on Chinese-produced electric vehicles (EVs) following the US decision to impose higher levies on these imports.
Honda will invest 10 trillion Japanese yen ($65 billion) in EVs until 2030 to stay competitive in the market.
Advocacy groups within the US bicycle community are calling on domestic stakeholders to reach out to lawmakers regarding the recent EV tariffs.
