Tariffs

Spain, Hungary or the Czech Republic? SAIC to decide by the end of September for new factory

SAIC are negotiating with the Spanish government for an MG factory. Hungary and Czech Republic also still possibilities.

BYD and Li Auto are the only Chinese NEV producers that make a profit claims Beijing speech

Key economic speech in Beijing claims that only BYD and Li Auto among Chinese new energy vehicle producers make a profit.

Xpeng considering European plant as Xpeng and Nio respond to EU tariffs

Nio and Xpeng respond to the new EU tariffs. Xpeng looking at siting a factory in the EU, Nio currently not making any changes.

O Canada! Canada may levy tariffs on Chinese EVs as EU set to announce reductions

Reports claim the EU will slightly reduce tariffs on Chinese EVs. However, Canada has now opened a consultation which may impose tariffs.

Norway won’t join EU on Chinese EV tariffs

SAIC is very happy about this.

BYD profit in EU is 10x higher than in China and even with new 30% tariffs, still makes 5,000 USD per vehicle, report says

BYD makes a profit of 15,400 USD on BYD Seal U in Europe, compared to 1,400 USD in China. This means BYD makes 14,000...

EU imposes additional tariffs on Chinese EVs: BYD 17.4%, Geely 20%, SAIC 38.1%

Other BEV producers in China, which cooperated in the investigation would be subject to duty 21%.