Chinese EV makers proposed a 25% tariff on large European ICE cars, state media reports
Chinese electric vehicle (EV) makers are calling for imposing a 25% tariff on large European cars with internal combustion engines (ICE), according to a report by state media outlet CCTV. This proposal responds to the European Union’s decision to inc…
China's automobile is moving, e-commerce gradually become the mainstream sales of auto parts
According to the April 16th news of China Association of Automobile Manufacturers (CAAM), China Association of Automobile Manufacturers(CAAM)statistical analysis, in the first quarter of this year, Chinas automobile exports 1.324 million vehicles, up …
New Huawei-backed Aito M7 Ultra delivers 10,000 cars in 18 days
Right at the beginning of the month we reported that the Aito M7 Ultra had entered the market. Earlier today Aito, a joint project between Huawei and Seres, announced it had delivered more than 10,000 of the new model in 18 days. This is claimed to be…
EVA Electric Vehicle Expo debut at Automechanika Frankfurt to promote automotive tech exchanges
On June 18, the China Council for the Promotion of International Trade (CCPIT) Automotive Sub-Council announced that the new "Electric Vehicles Expo at Automechanika" will be held for the first time from September 10-14, 2024 in Hall 12.1 of…
Warren Buffetts Berkshire Hathaway dumps BYD shares following rise in trade tension over Chinese EVs
Warren Buffett’s Berkshire Hathaway has further cut its large stake in BYD, which vies with Tesla as the world’s largest electric car (EV) maker, as global trade tensions escalate over Chinese EVs. The legendary investor’s conglomerate sold another…
Chinese cars are pouring into Mexico — and the U.S. is worried
Four years after the United States-Mexico-Canada trade agreement (USMCA) was adopted, Mexico and the U.S. face a common concern: the prospect of cheap Chinese electric vehicles dominating a fast-growing market and undermining regional carmakers like G…
Three major growth points of Automotive industry in future
Chinas auto industry from the growth period into maturity (2010-2022 sales compound growth rate of 3%), facing three major features, five major changes. The three characteristics are: 1, the total dividend gradually faded, the normalization of low gro…
Demand for auto parts in Russia has increased 23 times! Chance for the Chinese companies
Russia auto parts market status quo Russia as the worlds fourth largest car ownership countries, with about 50 million vehicles, a huge number of vehicles, the market potential is huge. This vast land, the cultural intermingling between east and west …
Japan and Europe set up a data exchange system to cooperate in recycling electric vehicle batteries
According to foreign media reports, Japan and Europe will cooperate in the recycling and utilization of electric vehicle batteries, and both sides will establish a new system to share information on the mining locations and mineral suppliers of batter…
China's robust exports give auto parts industries a leg-up
As Chinas automobile exports continue to surge, auto parts enterprises across the country are also riding the wave of going global. In 2023, the export value of automobiles and parts hit about 101.61 billion yuan (about 14.3 billion U.S. dollars) and …
UK car production fell for the second consecutive month in April
According to foreign media reports, industry data released on May 30th showed that due to car manufacturers ceasing production of some existing models and more factories transitioning to producing electric vehicles, UK car production in April this yea…
The number of South Korean auto parts companies decreased by 190 in five years
On May 20, according to Yonhap News, South Koreas auto parts industry is facing a crisis of rapid transition to electrification. Compared with traditional internal combustion engine cars, electric vehicles have fewer parts and simpler processes, so it…
Sanya Central Business District · Geely Auto Base key project signing ceremony was held
The key project signing ceremony of Sanya Central Business District Geely Auto High-tech Valley Double Park Double Headquarters Base was held in Sanya. Zhou Hongbo, member of the Standing Committee of the Provincial Party Committee and Secretary of t…
A number of listed companies terminated the construction of related lithium battery projects
Crazy expansion, cross-border has become the norm of the lithium battery industry. However, with the impact of factors such as slowing market demand, the lithium battery industry has also entered a deep adjustment."The future development trend of…
German horse brand joint Tuhu released "Tuhu Gold Medal ? Worry free now"
The countrys largest tire retail platform Tuhu car maintenance and Germany Horse brand jointly announced that on the basis of the original rights and interests of the first tire "gold medal warranty" in the whole network, the user after-sale…
Zhiqu car repair received 10 million yuan angel round financing
On May 15, Zhiqu Car Repair, a brand of Hangzhou Xiuzi Car Home Information Technology Co., LTD., won angel round financing, which raised 10 million yuan and released 10% of the equity, which was invested by Hanyin Innovation Equity Fund.Zhiqu car rep…