Category: EVs
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Ford plans 4,000 more job cuts in Europe as EVs lose momentum
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Ford Motor Co. will look to cut another 4,000 jobs in Europe, further cutting costs within a region where the shift to electric vehicles is losing momentum industry-wide. The cuts – amounting to about 14% of Ford Europe’s workforce – will primarily affect operations in Germany and the UK by…
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Chinese carmaker GAC looks at making EVs in Europe as tariffs loom By Reuters
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Written by Gilles Guillaume PARIS (Reuters) – Chinese state-owned carmaker GAC is exploring manufacturing electric cars in Europe to avoid EU tariffs, its general manager told Reuters on Sunday, joining a growing list of Chinese companies planning local production. The company is among China’s largest automakers and targets sales of…
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After Tesla snub, Mexico vows production of its own compact EVs
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After being snubbed by Tesla, Mexico’s new president on Friday pledged to create an affordable, Mexican-made small car Electric car To compete with cars imported from China. President Claudia Sheinbaum He said Tesla cars were “cumbersome” or too expensive for the Mexican market anyway. Tesla’s cheapest car, the Model 3,…
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After Tesla snub, Mexico vows production of its own compact EVs
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After being snubbed by Tesla, Mexico’s new president on Friday pledged to create an affordable, Mexican-made small car Electric car To compete with cars imported from China. President Claudia Sheinbaum He said Tesla cars were “cumbersome” or too expensive for the Mexican market anyway. Tesla’s cheapest car, the Model 3,…
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Key vote on EU tariffs for Chinese EVs sparks trade contention
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EU governments face a pivotal vote on Chinese electric vehicle tariffs Full story on PiQ Suite European Union members face a pivotal vote on Friday on whether to impose tariffs of up to 45% on imports of Chinese-made electric vehicles in the bloc’s highest-profile trade issue, which threatens retaliation from…
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Key vote on EU tariffs for Chinese EVs sparks trade contention
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EU governments face a pivotal vote on Chinese electric vehicle tariffs Full story on PiQ Suite European Union members face a pivotal vote on Friday on whether to impose tariffs of up to 45% on imports of Chinese-made electric vehicles in the bloc’s highest-profile trade issue, which threatens retaliation from…
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China’s Leapmotor and Stellantis open orders in Europe for budget EVs By Reuters
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MILAN (Reuters) – Chinese automaker LibMotor and partner Stellantis said on Tuesday they would start taking orders in Europe for a city car and an SUV as they expand their low-cost electric vehicle offering in the region. Stellantis owns a 51% stake in its joint venture Leapmotor International and has…
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Treasury revives plan to tax EVs for each km traveled
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As part of the Economic Arrangements Law accompanying the 2025 budget, the Finance Ministry plans to impose a tax of NIS 0.15 per kilometer driven by electric vehicles. This tariff will be lower than the NIS 0.19 per kilometer that drivers of cars with combustion engines pay as a customs…
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Canada’s 100% tariff on China-made EVs only hits Tesla for now
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The Canadian government imposes a 100% tariff on imports of electric cars made in china Which complies with US tariffs. Prime Minister Justin Trudeau also announced Monday that 25% tariffs would be imposed on Chinese steel and aluminum. “Actors like China have chosen to give themselves an unfair advantage in…
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Trudeau says Canada to impose 100% tariff on Chinese EVs By Reuters
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OTTAWA (Reuters) – Canada will impose a 100 percent tariff on imports of Chinese electric vehicles, Prime Minister Justin Trudeau said on Monday. Trudeau told reporters in Halifax, Nova Scotia, that Ottawa will also impose 25% tariffs on steel and aluminum imports from China. The tariffs come just over a…
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Fire at Rivian’s Illinois plant damages multiple EVs, no injuries reported By Reuters
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(Reuters) – U.S. startup Rivian Automotive said on Sunday a fire broke out in the parking lot of its manufacturing facility in Normal, Illinois, late on Saturday, damaging several of its electric vehicles. No injuries were reported and the cause of the fire is under investigation, a company spokesman told…
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Fire at Rivian’s Illinois plant damages multiple EVs, no injuries reported By Reuters
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(Reuters) – U.S. startup Rivian Automotive said on Sunday a fire broke out in the parking lot of its manufacturing facility in Normal, Illinois, late on Saturday, damaging several of its electric vehicles. No injuries were reported and the cause of the fire is under investigation, a company spokesman told…
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China automaker lobby warns of enormous risks and uncertainty from EU tariffs on EVs
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Donald Trump gifted Tesla Cybertruck — right after slamming EVs
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Controversial streamer Dennis Ross banned from Twitch at least He has been interviewed seven times and gifted former President Donald Trump a custom Tesla Cybertruck on Monday. After interviewing Trump for just over an hour, Ross led Trump out of his Mar-a-Lago home to deliver the Cybertruckwhich was decorated with…
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China Defends Manufacturing Push, Says World Needs More EVs
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Breadcrumbs Path Links PMN Business China’s manufacturing capacity helps the world fight climate change and contain inflation, Vice Finance Minister Liao Min said, responding to recent criticism from U.S. Treasury Secretary Janet Yellen of the country’s industrial surplus. Article author: Bloomberg News Bloomberg News Published on July 27, 2024 •…
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Jaguar Land Rover is the world’s best electric racing team. Here’s how that will shape its EVs
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Jaguar TCS claimed its first Formula E team title on Sunday at London’s unique ExCel Centre indoor/outdoor track, marking the culmination of more than eight years of work since the carmaker first bet on electric racing. The win was bittersweet for the Coventry-based luxury carmaker, with New Zealanders Nick Cassidy…
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Analysts say Supreme Court’s Chevron ruling may limit action on climate, EVs
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imaginima/iStock via Getty Images The recent ruling by the US Supreme Court striking down the Chevron Doctrine creates Legal and regulatory uncertainty regarding regulated facilitiesThis could make it harder for the federal government to address climate change, Moody’s credit rating agency said last week. “lack of “The lack of clarity…
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China-built EVs hit with duties in biggest EU trade case yet By Reuters
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By Philip Blenkinsop and Charlotte Van Campenhout BRUSSELS (Reuters) – The European Union will impose tariffs of up to 37.6 percent on imports of Chinese-made electric cars from Friday, EU officials said, raising tensions with Beijing in Brussels’ biggest trade issue yet. But there is a four-month window during which…
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Idan Ofer again loses on EVs
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Electric cars have become very popular in Israel, with a flood of Chinese brands hitting the market. One in five cars sold in Israel last year was electric. However, power producer OPC, 55% owned by Idan Ofer’s Kenon Holdings (TASE: KEN), has not derived much joy from the additional area…