“I think the Chinese EV firms have already baked this into their calculations,” Chan says. “As they’ve been ramping up more joint ventures and partnerships and entering other markets of the world, I’ve noticed a very clear reluctance to put that much investment into the US market.” ...
(JW Insights) Aug 28 -- Chinese automaker BYD said on August 28 that its electronics unit has struck a deal with U.S.-based manufacturer Jabil Inc to buy its mobile electronics manufacturing business in China for RMB15.8 billion ($2.2 billion), reported Reuters. The deal will expand BYD E...
Gotion and officials of the Illinois state government announced the Chinese company will locate its new state-of-the-art $2 billion EV lithium battery manufacturing plant in Manteno, a village Kankakee County. The plant is expected to begin production in 2024 and create 2,600 jobs in the vil...
Gotion and officials of the Illinois state government announced the Chinese company will locate its new state-of-the-art $2 billion EV lithium battery manufacturing plant in Manteno, a village Kankakee County. The plant is expected to begin production in 2024 and create 2,600 jobs in the vil...
19.9% for Geely and 37.6% for SAIC. That means the EU decided to levy a little bit less duties on Geely and SAIC-made EVs since its pre-disclosed proposed rates are 20% and 38.1%, respectively, while BYD, China’s largest EV manufacturer, faces the same tariff rate as EU’s original...
Chinese EV charger companies. But they would not have a competitive advantage if they did not meet the new rules. Therefore, they need to build factories or find manufacturing partners in the United States by July next year, along with the export of components and modules to the US to ...
The companyissued its filingto the US Securities and Exchange Commission on August 13. The IPO is being underwritten by JP Morgan, Morgan Stanley, and Goldman Sachs, among others. According to previous reports,NIO had plans to file for a US-based listing in September, with the company refusin...
The EV limits on Chinese firms came as Beijing urged the Biden administration to stop the confrontation attempt after the U.S. Commerce Secretary called China “the biggest threat we’ve ever had” and stressed “China is not our friend.” Remarks of the US official contradict what President ...
The EV limits on Chinese firms came as Beijing urged the Biden administration to stop the confrontation attempt after the U.S. Commerce Secretary called China “the biggest threat we’ve ever had” and stressed “China is not our friend.” Remarks of the US official contradict what President ...
factory jobs, sending the work to China. The Biden administration has backed legislation and policies to build a U.S. EV manufacturing base. The administration also is investigating cars made in China that can gather sensitive information. Some members of Congress are urging Biden to ban imports...