$Tesla (TSLA.US)$ Chinese electric vehicles are proving popular outside the local market and are gaining ground not only in Europe but also in Australia. The MG4 became the country's best-selling EV in Oct. With nearly 1,500 units sold last month, the MG4 dethroned the Tesla Model Y, which managed just over 1,000 sales (down from nearly 1,500 a month before). In third place came the Model 3 with 422 sales, followed by the BYD Atto3 with 330 sales a...
$General Motors (GM.US)$$SAIC Motor Corporation (600104.SH)$ GM's joint venture, SAIC-GM-Wuling (SGMW), is making a bid for attention with its first-ever new energy concept car, unveiled during the company's future strategy presentation for the ASEAN markets. And what better way to stand out than with a futuristic, low-slung coupe featuring gigantic gullwing doors? Called the "Light of ASEAN," this concept serves as a preview of the des...
BelleWeather
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Asia gets the best cars! (I hope Tesla succeeds in other aspects of their business, so I understand the need to, um, stifle competition.)
$BYD COMPANY (01211.HK)$$Tesla (TSLA.US)$$NIO Inc (NIO.US)$$XPeng (XPEV.US)$ 1) The article reported that registrations for Chinese electric vehicles (EVs) like BYD and SAIC’s MG brand dropped by 45% compared to June. The decline in Chinese EV registrations has been linked to the Europe Commission (EC)’s provisional tariffs on China-made EV imports. 2) The EC imposed provisional tariffs of up to nearly 38% on EV imports m...
$SAIC Motor Corporation (600104.SH)$ A video clip showcasing a car from SAIC's IM Motors moving sideways into a parking space has captured the attention of online viewers, sparking widespread interest and discussion in China. A recent video has catapulted IM Motors into the spotlight, showing their vehicle executing a sideways parking maneuver that has astounded netizens. The footage features a woman exiting an IM Motors test vehicle whi...
The European Commission, which oversees the bloc’s trade policy, has set provisional duties of up to 37.6% on EVs imported from China to counter what it says are unfair subsidies and has canvassed EU member views in a so-called advisory vote. A dozen EU members voted in support of the tariffs, four voted against and 11 abstained, the sources said. German carmakers, which made a third of their sales last year in China, have urge...
EV news you need to know; Musk's compensation package gets nod, marking a huge win for Tesla. Expect its shares to rally. EU to rise China EV tariff - beware of retaliation on EU brands. Honda launches an electric van that can charge in 30 mins (do you care?). __________________________________________________________________________________...
Currently,$Tesla (TSLA.US)$'s Shanghai Gigafactory makes the Model 3 and Model Y for the Chinese domestic market, with some cars exported to other regions, including the EU. According to a press release by the European Commission, Tesla may receive an "individually calculated duty rate" — a rate that may be lower than the currently imposed 20.1%, at the definitive stage of the investigation, which is expected to be November 2. The...
Starting 4 July, the EU will levy temporary tariffs up to 38.1% on Chinese-made electric vehicles (EVs) due to concerns over unfair subsidies harming EU manufacturers. Tariff Rates:$BYD COMPANY (01211.HK)$faces a 17.4% tariff,$GEELY AUTO (00175.HK)$20%, and$SAIC Motor Corporation (600104.SH)$38.1%. Cooperative manufacturers face an average tariff of 21%, while non-cooperative ones face the maximum 38.1% tariff. If talks between the EU and Chi...
$BYD COMPANY (01211.HK)$$Tesla (TSLA.US)$$NIO Inc (NIO.US)$$XPeng (XPEV.US)$The article reported that the European Commission has warned three Chinese electric vehicle makers that they have not supplied sufficient information for its anti-subsidy investigation, according to two people familiar with the case. If the Commission concludes that the provided information from sampled companies BYD, SAIC and Geely is insuffi...
SoundOfMusic
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Would potential tariffs be only on these three EV companies (BYD, SAIC and Geely), and not Xpeng? Who knows? Could Xpeng be more transparent with their financials because they are traded in US and have provided filings? Therefore, Xpeng is not targeted?
ZnWC
OP
SoundOfMusic
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Based on another source, the 3 Chinese EV makers received the highest subsidies which is why they are targeted. If Xpeng receives subsidies from the Chinese government, it will definitely be investigated. Another reason, Xpeng is not targeted yet is because the company has not exported or planned to export cars to the EU. Tesla is not targeted because it has a Gigafactory in Berlin, Germany making and delivering EVs to the regions. China gives EV sector billions of yuan in subsidies. CATL, SAIC Motor and BYD Topped. https://www.moomoo.com/community/feed/111446314582022?share_code=00WlPD
SAIC Motor Corporation Stock Forum
Chinese electric vehicles are proving popular outside the local market and are gaining ground not only in Europe but also in Australia. The MG4 became the country's best-selling EV in Oct. With nearly 1,500 units sold last month, the MG4 dethroned the Tesla Model Y, which managed just over 1,000 sales (down from nearly 1,500 a month before).
In third place came the Model 3 with 422 sales, followed by the BYD Atto3 with 330 sales a...
GM's joint venture, SAIC-GM-Wuling (SGMW), is making a bid for attention with its first-ever new energy concept car, unveiled during the company's future strategy presentation for the ASEAN markets. And what better way to stand out than with a futuristic, low-slung coupe featuring gigantic gullwing doors?
Called the "Light of ASEAN," this concept serves as a preview of the des...
1) The article reported that registrations for Chinese electric vehicles (EVs) like BYD and SAIC’s MG brand dropped by 45% compared to June. The decline in Chinese EV registrations has been linked to the Europe Commission (EC)’s provisional tariffs on China-made EV imports.
2) The EC imposed provisional tariffs of up to nearly 38% on EV imports m...
A video clip showcasing a car from SAIC's IM Motors moving sideways into a parking space has captured the attention of online viewers, sparking widespread interest and discussion in China.
A recent video has catapulted IM Motors into the spotlight, showing their vehicle executing a sideways parking maneuver that has astounded netizens. The footage features a woman exiting an IM Motors test vehicle whi...
A dozen EU members voted in support of the tariffs, four voted against and 11 abstained, the sources said.
German carmakers, which made a third of their sales last year in China, have urge...
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$BYD COMPANY (01211.HK)$ $BYD Company Limited (002594.SZ)$ $XPENG-W (09868.HK)$ $XPeng (XPEV.US)$ $NIO-SW (09866.HK)$ $NIO Inc. USD OV (NIO.SG)$ $NIO Inc (NIO.US)$
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According to a press release by the European Commission, Tesla may receive an "individually calculated duty rate" — a rate that may be lower than the currently imposed 20.1%, at the definitive stage of the investigation, which is expected to be November 2.
The...
Tariff Rates: $BYD COMPANY (01211.HK)$ faces a 17.4% tariff, $GEELY AUTO (00175.HK)$ 20%, and $SAIC Motor Corporation (600104.SH)$ 38.1%.
Cooperative manufacturers face an average tariff of 21%, while non-cooperative ones face the maximum 38.1% tariff.
If talks between the EU and Chi...
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