Trump Claims Victory In China Trade War
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Donald Trump and China are engaged in a battle of tariffs. Here's why America could lose the international EV race in the process.
From USA TODAY
Beijing responded with additional tariffs on U.S. imports, raising the total levy to 84% set to take effect within hours.
From USA Today
Oil prices fell around 1% on Thursday as U.S. President Donald Trump ramped up a trade war with China, even as he announced a 90-day pause on tariffs aimed at other countries.
From Reuters
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China and EU discuss trade
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Northvolt, the EV battery maker founded by two former Tesla executives and backed by the likes of Volkswagen and Goldman Sachs, filed for bankruptcy after running out of cash.
From Insider
Tariffs ranging from 11% to 104% now apply to imports from around 60 US trade partners, which Trump has dubbed the "worst offenders" for what he considers unfair trade practices.
From BBC
China is willing to deepen trade, investment and industrial cooperation with the European Union, Minister Wang Wentao said.
From Reuters
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Above those, no new vehicle starts at under $20,000, with the next cheapest being the 2025 Chevrolet Trax at $21,495. If Toyota could find a way to bring over the bZ3X or something like it, it could be a huge win, but pulling off such a cheap price outside of the Chinese market would be nearly impossible.
BMW's first-quarter sales were dragged down by a 17.2% drop in China, where foreign premium carmakers have struggled to boost sales amid high competition from cheaper local rivals and a protracted property crisis dampening consumer confidence.
The rises in Europe and the US took the EV share of VW ’s vehicle sales in the quarter up to 10 per cent, from 6 per cent in the same quarter last year, despite a 37 per cent fall in sales of the vehicle type in China. EVs accounted for 158,100 of the group’s sales in Europe, 17 per cent of the total.
China is dominating the global EV market, and according to Rivian’s (RIVN) CEO RJ Scaringe, this didn’t happen by
Exports to the UAE also make for grim reading. They were down 20 percent to 3,231 units, but not everyone was giving China’s EV s the cold shoulder. The number of cars landing in the UK fell a comparatively modest 2.9 percent to 8,362 and the Philippines was only down 0.9 percent to 8,225.
Autonomous-driving systems in high-end electric vehicles (EVs) tend to use lidar (light detection and ranging) sensors, which employ laser beams to measure distances to objects. The car that crashed in China’s central Anhui province on Saturday ...
Denza, which was once a 50:50 joint venture with Mercedes-Benz but is now wholly owned by BYD, accounted for just 3% of the group’s overall sales in China. However, as it targets a more profligate consumer, it has the potential to bring in a fresh revenue stream for the company.
Stellantis owns a 51% stake in the joint venture with Leapmotor, but the Chinese government told its automakers to pause investments in tariff-supporting EU countries