Will Chinese Electric Cars Dominate Europe? U.S. Tariffs Shift Focus[The Guru=Yoon Jin-Woong Reporter] Chinese electric vehicles (EVs) are being identified as disruptiv ...
Hitting China Where It Hurts: Biden Raises Tariffs on Electric Cars and SemiconductorsThe Biden administration in the United States has significantly increased trade barriers against China by quadrupling the tariff on Chinese electric vehicles to 100% and imposing high tariffs on some semiconductors. This move appears to preemptively block the entry of Chinese low-cost exports into the U.S. market while demonstrating its willingness to watch over China […]
Biden's Trade Tactics: New Tariffs Targeting Chinese Electric CarsThe Biden administration in the United States is expected to announce a comprehensive decision on tariffs against China as early as this Tuesday, according to Bloomberg News on May 9, 2024. This is expected to target key strategic sectors while rejecting the comprehensive tariff hike pushed by former President Donald Trump. The U.S. government plans […]
Trump's Bid for Presidency: A Billion-Dollar Bargain with Oil ExecutivesDonald Trump, who is running for his second term in the 2024 Presidential Election always attracts attention with his comments. He’s good at such strategies. According to The Washington Post, he told oil company executives that he would end the electric vehicle incentives if they donated $1 billion to his election campaign. It’s well known […]
Tesla's China Sales Dip: What's Behind the Drop in April Figures?Tesla's retail sales in China in April were 31,421 units, down 21.4 percent from a year ago. Based o ...
Electric Vehicle Fires on the Rise: Is Your Car Safe?The soaring popularity of EVs coincides with a more than six times increase in the number of electri ...
BP Eyes Acquisition of Tesla's Supercharger NetworkBritish Petroleum (BP), Britain’s largest and the world’s second-largest oil refiner, has expressed its intent to acquire Tesla’s electric vehicle charging station network, the Supercharger division. According to Bloomberg on the 9th (local time), BP announced that it is currently negotiating with Tesla to purchase its charging station network. Last week, Tesla laid off 500 […]
Tesla Pulls the Plug on Rapid Charging Division Amid EV Sales SlumpDue to declining electric vehicle sales, Tesla has shut down the division responsible for its rapid charging stations. The company will continue to operate but is expected to curb new investments, prioritizing enhancing the operation rate of existing facilities for the time being. As of the end of March, Tesla had approximately 60,000 rapid chargers […]
Driving the Future: Volkswagen's Bold Move into China's Electric Car MarketAmid the rapid growth of electric vehicles (EV) in China, global automakers are investing in Chinese companies receiving technology in reverse. Overseas automakers were forced to establish a joint venture (JV) to enter China and were concerned about technology theft, so they sought help from local firms to tap into the world’s largest EV market. […]
Electric Car Crash in China Claims 3 LivesElectric vehicle collision accident scene. Social media capture An accident occurred on a highway in China when an electric vehicle collided with a truck ahead, resulting in the death of all three passengers. Allegations have surfaced that the vehicle’s doors did not open, and the airbags did not deploy during this incident. According to the […]
Elon Musk and Chinese Premier Li Qiang Discuss Tesla's Bright Future in ChinaAs reported by China Daily, Tesla CEO Elon Musk met with Chinese Premier Li Qiang on April 28, 2024, during the 2024 Auto China Convention. Premier Li stated that Tesla’s growth in China is a successful example of trade cooperation between the U.S. and China. He expressed his hope for continued collaboration in the same […]
Get Ready, Tesla: China's Low-Cost Electric Car is Coming to AmericaThis summer, a Chinese electric vehicle (EV) that performs similarly to Tesla’s Model Y but is over $8,700 cheaper will enter the U.S. market. According to reports from Reuters, the Chinese EV company Geely, which has acquired the Swedish car manufacturer Volvo, will start selling its five-seater EV EX30 in the U.S. This marks the […]
Mercedes-Benz's G580 Changes the EV GameIn China, Mercedes-Benz has unveiled its first electric model, the G-Class, the offroader Icon. On the 24th, Benz revealed the G-Class electric vehicle, “The All New Mercedes-Benz G580 with EQ Technology” (from now on referred to as the G580), at the World Premiere event in the Art District 798 in downtown Beijing. The G580 is […]
The Tesla Effect: Investors Brace for Potential ELS LossesTesla’s poor stock performance increases the potential for losses in Equity-Linked Securities (ELS) based on Tesla as the underlying asset. According to the Korea Securities Depository on the 23rd, as of the 19th, the foreign stock most held by domestic investors is Tesla, with a total holding value of $8.824 billion. Since last July, when […]
Tesla Slashes Prices on All Models in China Following U.S. ReductionsElectric car company Tesla lowered the sales prices of its three flagship models by $2,000 each in the U.S. market and then dropped the sales prices of all models in China. According to Tesla’s official Chinese website on the 21st, the Model 3 price was reduced from $39,000 to $36,800, a decrease of $2,200. The […]
Will China Become the New EV Powerhouse?Electric cars (including hybrids) accounted for 50.4% of new vehicles sold in China from the 1st to the 14th of this month, outselling diesel and gasoline cars. This shift towards electric vehicles as the mainstream in the car market is attributed to the government’s active support for the electric vehicle industry through subsidies and the […]
Volkswagen and Xiaopeng Unite to Boost China's EV MarketChinese electric vehicle startup Xiaopeng and the Volkswagen Group announced that they have signed a framework agreement for technical cooperation related to Electric/Electronic Architecture (E/E Architecture) to produce Volkswagen brand electric vehicles in the Chinese market. The two companies plan to jointly develop Xiaopeng’s latest E/E Architecture and integrate it into Volkswagen’s central Chinese platform […]
Morgan Stanley, Upward Adjustment to Xiaomi EV's Target PriceMorgan Stanley, a U.S. investment bank, has announced an upward adjustment to the target price of Xiaomi, citing optimistic electric vehicle sales. While they believe in Xiaomi’s potential power, they further commented that Xiaomi needs to offer more to attract investors. Xiaomi officially launched the SU7 model on March 28, and in just one day, […]
Tesla's Cybertruck Production Trim: A Prelude to Massive Job Cuts?Due to poor performance, rumors of large-scale layoffs are circulating among workers.First quarter results will be announced after the market closes on the 23rd. Tesla has decided to shorten the production line of its electric pickup truck, the Cybertruck, and there appear to be rumors circulating among workers that there will be large-scale layoffs. It […]
Kia's EV9 Selected as 'Best New Car of 2024' by Auto TraderAnother win after Women’s World Car of the Year (WWCOTY) and World Car of the Year Kia’s flagship large electric Sports Utility Vehicle (SUV), the EV9, has once again been recognized for its value in the United States. Following its win last month as the World Car of the Year at the World Cars Awards […]
Will Chinese Electric Cars Dominate Europe? U.S. Tariffs Shift Focus [The Guru=Yoon Jin-Woong Reporter] Chinese electric vehicles (EVs) are being identified as disruptiv ...
Hitting China Where It Hurts: Biden Raises Tariffs on Electric Cars and Semiconductors The Biden administration in the United States has significantly increased trade barriers against China by quadrupling the tariff on Chinese electric vehicles to 100% and imposing high tariffs on some semiconductors. This move appears to preemptively block the entry of Chinese low-cost exports into the U.S. market while demonstrating its willingness to watch over China […]
Biden's Trade Tactics: New Tariffs Targeting Chinese Electric Cars The Biden administration in the United States is expected to announce a comprehensive decision on tariffs against China as early as this Tuesday, according to Bloomberg News on May 9, 2024. This is expected to target key strategic sectors while rejecting the comprehensive tariff hike pushed by former President Donald Trump. The U.S. government plans […]
Trump's Bid for Presidency: A Billion-Dollar Bargain with Oil Executives Donald Trump, who is running for his second term in the 2024 Presidential Election always attracts attention with his comments. He’s good at such strategies. According to The Washington Post, he told oil company executives that he would end the electric vehicle incentives if they donated $1 billion to his election campaign. It’s well known […]
Tesla's China Sales Dip: What's Behind the Drop in April Figures? Tesla's retail sales in China in April were 31,421 units, down 21.4 percent from a year ago. Based o ...
Electric Vehicle Fires on the Rise: Is Your Car Safe? The soaring popularity of EVs coincides with a more than six times increase in the number of electri ...
BP Eyes Acquisition of Tesla's Supercharger Network British Petroleum (BP), Britain’s largest and the world’s second-largest oil refiner, has expressed its intent to acquire Tesla’s electric vehicle charging station network, the Supercharger division. According to Bloomberg on the 9th (local time), BP announced that it is currently negotiating with Tesla to purchase its charging station network. Last week, Tesla laid off 500 […]
Tesla Pulls the Plug on Rapid Charging Division Amid EV Sales Slump Due to declining electric vehicle sales, Tesla has shut down the division responsible for its rapid charging stations. The company will continue to operate but is expected to curb new investments, prioritizing enhancing the operation rate of existing facilities for the time being. As of the end of March, Tesla had approximately 60,000 rapid chargers […]
Driving the Future: Volkswagen's Bold Move into China's Electric Car Market Amid the rapid growth of electric vehicles (EV) in China, global automakers are investing in Chinese companies receiving technology in reverse. Overseas automakers were forced to establish a joint venture (JV) to enter China and were concerned about technology theft, so they sought help from local firms to tap into the world’s largest EV market. […]
Electric Car Crash in China Claims 3 Lives Electric vehicle collision accident scene. Social media capture An accident occurred on a highway in China when an electric vehicle collided with a truck ahead, resulting in the death of all three passengers. Allegations have surfaced that the vehicle’s doors did not open, and the airbags did not deploy during this incident. According to the […]
Elon Musk and Chinese Premier Li Qiang Discuss Tesla's Bright Future in China As reported by China Daily, Tesla CEO Elon Musk met with Chinese Premier Li Qiang on April 28, 2024, during the 2024 Auto China Convention. Premier Li stated that Tesla’s growth in China is a successful example of trade cooperation between the U.S. and China. He expressed his hope for continued collaboration in the same […]
Get Ready, Tesla: China's Low-Cost Electric Car is Coming to America This summer, a Chinese electric vehicle (EV) that performs similarly to Tesla’s Model Y but is over $8,700 cheaper will enter the U.S. market. According to reports from Reuters, the Chinese EV company Geely, which has acquired the Swedish car manufacturer Volvo, will start selling its five-seater EV EX30 in the U.S. This marks the […]
Mercedes-Benz's G580 Changes the EV Game In China, Mercedes-Benz has unveiled its first electric model, the G-Class, the offroader Icon. On the 24th, Benz revealed the G-Class electric vehicle, “The All New Mercedes-Benz G580 with EQ Technology” (from now on referred to as the G580), at the World Premiere event in the Art District 798 in downtown Beijing. The G580 is […]
The Tesla Effect: Investors Brace for Potential ELS Losses Tesla’s poor stock performance increases the potential for losses in Equity-Linked Securities (ELS) based on Tesla as the underlying asset. According to the Korea Securities Depository on the 23rd, as of the 19th, the foreign stock most held by domestic investors is Tesla, with a total holding value of $8.824 billion. Since last July, when […]
Tesla Slashes Prices on All Models in China Following U.S. Reductions Electric car company Tesla lowered the sales prices of its three flagship models by $2,000 each in the U.S. market and then dropped the sales prices of all models in China. According to Tesla’s official Chinese website on the 21st, the Model 3 price was reduced from $39,000 to $36,800, a decrease of $2,200. The […]
Will China Become the New EV Powerhouse? Electric cars (including hybrids) accounted for 50.4% of new vehicles sold in China from the 1st to the 14th of this month, outselling diesel and gasoline cars. This shift towards electric vehicles as the mainstream in the car market is attributed to the government’s active support for the electric vehicle industry through subsidies and the […]
Volkswagen and Xiaopeng Unite to Boost China's EV Market Chinese electric vehicle startup Xiaopeng and the Volkswagen Group announced that they have signed a framework agreement for technical cooperation related to Electric/Electronic Architecture (E/E Architecture) to produce Volkswagen brand electric vehicles in the Chinese market. The two companies plan to jointly develop Xiaopeng’s latest E/E Architecture and integrate it into Volkswagen’s central Chinese platform […]
Morgan Stanley, Upward Adjustment to Xiaomi EV's Target Price Morgan Stanley, a U.S. investment bank, has announced an upward adjustment to the target price of Xiaomi, citing optimistic electric vehicle sales. While they believe in Xiaomi’s potential power, they further commented that Xiaomi needs to offer more to attract investors. Xiaomi officially launched the SU7 model on March 28, and in just one day, […]
Tesla's Cybertruck Production Trim: A Prelude to Massive Job Cuts? Due to poor performance, rumors of large-scale layoffs are circulating among workers.First quarter results will be announced after the market closes on the 23rd. Tesla has decided to shorten the production line of its electric pickup truck, the Cybertruck, and there appear to be rumors circulating among workers that there will be large-scale layoffs. It […]
Kia's EV9 Selected as 'Best New Car of 2024' by Auto Trader Another win after Women’s World Car of the Year (WWCOTY) and World Car of the Year Kia’s flagship large electric Sports Utility Vehicle (SUV), the EV9, has once again been recognized for its value in the United States. Following its win last month as the World Car of the Year at the World Cars Awards […]
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