Tesla sues EU over tariffs on EVs made in China
The EU Commission had imposed duty rates on Chinese-made EVs in a bid to encourage domestic manufacturing. Tesla was subjected to the lowest rate of 7.8%, while other automakers such as SAIC Motor faced tariffs as high as 35%. These rates are in addition to a 10% standard import tariff.
The automaker estimates its struggling China business will cost $5 billion, but it isn't giving up on the country yet.
which includes the joint venture between the Chinese state-owned SAIC Motor and Wuling as well as General Motors, also had a market share of 8 percent as of the most recently available data.
Jato Dynamics reports that Europe’s new passenger car market grew by 0.9% in 2024, with 12,909,741 registrations. Despite the slight ...
The other tidbit that seems to have investors very excited is Musk’s promise that the company’s Cybercab Robotaxi, which we ...
A more favorable federal regulatory and legislative environment may help propel the growth of driverless ride-hailing vehicles in the United States.
In rare admission, senior official says bloc should be ‘ready to explore deeper EU-US cooperation on economic security’ vis-a ...
Tesla Inc. disappointed investors on Thursday, reporting sales of 495,570 electric vehicles in the fourth quarter and of 1.789 million for all of 2024, falling slightly short of Wall Street ...
SAIC Motor Corp., the Chinese partner of General Motors Co., said preliminary profit for 2024 may plummet by as much as 90% due to a writedown of the US carmaker’s joint venture in the nation and a ...
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