SAIC


2024-11-28

[News] Chinese EV Leader BYD Pressures Suppliers for 10% Price Cuts, Sparking Fears of an EV Price War

Due to the fierce price competition in China’s automobile market, according to a report from Commercial Times, on the 27th, leading new energy vehicle (NEV) manufacturers BYD and SAIC Maxus have reportedly requested their suppliers to reduce prices by 10%. As many other companies may follow BYD's ...

2024-08-21

[News] EU Plans to Cut Tariffs on China-Made Tesla EVs from 20% to 9%, with Final Decision Expected in October

On July 4th, the EU announced a provisional anti-subsidy tariff on electric vehicles imported from China, with a final decision set for October 30th. On August 20th, the EU released a draft decision regarding the final anti-subsidy tariffs, adjusting the rates for different Chinese electric vehicle ...

2024-06-13

[News] EU Plans to Impose Tariffs as High as 38.1% on Chinese Electric Vehicles Amid Trade War

Following an eight-month anti-subsidy investigation, the EU announced on June 12th that it will increase the temporary tariff rate on all Chinese electric vehicle companies from the current 10% to as high as 38.1%. According to a report from CNBC, the European Commission warned that if an agreement ...

2024-05-31

[News] EU Reportedly Delays Decision on Imposing Tariffs on Chinese Electric Cars

The European Commission initiated an investigation into Chinese electric cars in October last year, targeting BYD, SAIC Group and Geely, with plans to impose provisional tariffs on new electric cars imported from China. According to previous media reports, the plans were originally scheduled to be a...

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