China Warns of Long-Term Impact on EU Economy from New EV TariffsIn response to the European Union’s (EU) announcement of imposing additional tariffs on Chinese-made electric vehicles (EVs), China has hinted at a strong countermeasure, stating that “this action will harm the interests of the EU.” According to Chinese media outlets on the 16th, the National Development and Reform Commission (NDRC), the department overseeing China’s economic […]
Sustainable and Strong: New EV Batteries Cut CO2 Emissions by 20%!On June 7, 2024, British battery technology company Integral Power announced that they had developed a new cathode material that increases the driving range of electric vehicle (EV) batteries, reduces charging time, and enhances durability. Integral Power claims that its self-developed LFP and LFMP (Lithium Iron Phosphate and Lithium Manganese Iron Phosphate) can increase energy storage […]
BYD Stock Surges Despite New EU TariffsAP Newsis NH Investment & Securities stated on the 14th that the stock price of BYD has surged despite Europe imposing additional tariffs on Chinese electric vehicles (EVs). The firm analyzed that the impact of these measures on earnings is projected to be limited, and attention should be paid to the company’s competitiveness. The European […]
Trade War Escalates As EU Slaps Hefty Tariffs on Chinese EVsAmid the European Union (EU) threatening to impose a tariff bomb of up to 48% on Chinese electric vehicles (EVs), China has embarked on the countdown for retaliatory measures. There are suggestions that retaliatory tariffs might be imposed on products including dairy and pork from the EU. On the 13th, the Spokesperson for the Ministry […]
Hungary Condemns EU Tariff Proposal on ChinaThe Hungarian government is opposing Europe’s regulation of Chinese electric vehicles. Just hours after the European Commission announced on the 12th that it would impose tariffs on imported Chinese electric vehicles, Hungary declared it does not agree with Europe’s regulation of Chinese electric vehicle manufacturers. In a press release, the Ministry of Foreign Affairs stated, […]
US Electric Vehicle Buyers Score Big: $1 Billion Saved Thanks to New Tax CreditsIt was found that electric vehicle buyers in the US have saved more than $1 billion through the Inflation Reduction Act (IRA) this year.
Fisker Faces Recall Crisis: 18,000+ Electric Vehicles Across North America and Europe Pulled for Safety FixesFisker recalled more than 18,000 vehicles across North America and Europe, citing software defects and non-compliance with safety standards.
Tesla Teams Up with China's Baidu for Full Self-Driving UpgradeTesla has taken one step closer to launching its FSD service in China by agreeing to receive upgraded map software from Baidu.
Elon Musk: No New Tesla Model Y Release in 2024Elon Musk announced through his social media on the 8th that Tesla will not be releasing a new Model Y this year. Musk stated, “There will be no Model Y refresh this year,” and added, “Tesla is continuously improving its cars, so even a car that’s six months older will be a bit better.” While […]
California Sets the Pace in Nationwide Clean Driving MovementCalifornia, a leading state in U.S. eco-friendly vehicle policy, is also at the forefront of zero-emission vehicle (ZEV) initiatives. Under the slogan of ZEV Leadership, the state is actively implementing policies and driving investments. This confidence is reflected in the state’s electric vehicle sales. According to the Korea Trade-Investment Promotion Agency (KOTRA) and the California […]
Does Elon Musk Have a Seat Reserved in Politics?The Wall Street Journal (WSJ) reported on the 29th (local time) that the relationship between former President Donald Trump, who is seeking re-election in the upcoming U.S. presidential election, and Elon Musk, CEO of Tesla, is becoming increasingly close. Citing a source, WSJ reported that Trump, a Republican presidential candidate, and Musk have been discussing […]
Goldman Sachs Predicts Surge in Oil Demand Through 2034: What's Driving the Growth?Goldman Sachs has predicted a continuous increase in global oil demand. This seems to consider the s ...
Musk Opposes U.S. Government's Recent Tariff Increase on EV ImportsElon Musk, CEO of Tesla, expressed his opposition on the 23rd (local time) to the U.S. government’s decision to significantly increase tariffs on Chinese-made electric vehicles (EV). According to Reuters and other sources, Musk participated in a video conference at the Viva Technology event in Paris, France, stating, “Tesla and I did not request these […]
Affordable Luxury? BYD’s Seagull EV Combines High Design with Low CostChina’s BYD plans to launch its $10,000 battery electric car, the Seagull EV, in the European market by 2025. The Seagull EV, priced at $10,000 in the Chinese market, will be equipped with BYD’s 30.08kWh and 38.88kWh LFP Blade batteries. The driving range is 190 miles and 252 miles, respectively, based on the CLTC standard. […]
U.S. Consumers Pull Back on Electric Vehicle PurchasesThe popularity of electric cars in the U.S. is declining. The price burden caused by high interest rates and the lack of charging infrastructure is holding back the mainstreaming of electric vehicles. On the 16th (local time), market research firm JD Power released the 2024 U.S. Electric Vehicle Consideration Report. Among the survey respondents, the […]
Is America Missing the Mark on Electric Cars?Following Europe, opinions have been expressed in the U.S. that securing competitiveness is a priority rather than regulating Chinese electric vehicles. It is argued that it is not the right way for the Biden administration to increase tariffs on Chinese electric vehicles to 100%. Jameson Dow, a journalist who specializes in EVs and sustainable energy, […]
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 […]
China Warns of Long-Term Impact on EU Economy from New EV Tariffs In response to the European Union’s (EU) announcement of imposing additional tariffs on Chinese-made electric vehicles (EVs), China has hinted at a strong countermeasure, stating that “this action will harm the interests of the EU.” According to Chinese media outlets on the 16th, the National Development and Reform Commission (NDRC), the department overseeing China’s economic […]
Sustainable and Strong: New EV Batteries Cut CO2 Emissions by 20%! On June 7, 2024, British battery technology company Integral Power announced that they had developed a new cathode material that increases the driving range of electric vehicle (EV) batteries, reduces charging time, and enhances durability. Integral Power claims that its self-developed LFP and LFMP (Lithium Iron Phosphate and Lithium Manganese Iron Phosphate) can increase energy storage […]
BYD Stock Surges Despite New EU Tariffs AP Newsis NH Investment & Securities stated on the 14th that the stock price of BYD has surged despite Europe imposing additional tariffs on Chinese electric vehicles (EVs). The firm analyzed that the impact of these measures on earnings is projected to be limited, and attention should be paid to the company’s competitiveness. The European […]
Trade War Escalates As EU Slaps Hefty Tariffs on Chinese EVs Amid the European Union (EU) threatening to impose a tariff bomb of up to 48% on Chinese electric vehicles (EVs), China has embarked on the countdown for retaliatory measures. There are suggestions that retaliatory tariffs might be imposed on products including dairy and pork from the EU. On the 13th, the Spokesperson for the Ministry […]
Hungary Condemns EU Tariff Proposal on China The Hungarian government is opposing Europe’s regulation of Chinese electric vehicles. Just hours after the European Commission announced on the 12th that it would impose tariffs on imported Chinese electric vehicles, Hungary declared it does not agree with Europe’s regulation of Chinese electric vehicle manufacturers. In a press release, the Ministry of Foreign Affairs stated, […]
US Electric Vehicle Buyers Score Big: $1 Billion Saved Thanks to New Tax Credits It was found that electric vehicle buyers in the US have saved more than $1 billion through the Inflation Reduction Act (IRA) this year.
Fisker Faces Recall Crisis: 18,000+ Electric Vehicles Across North America and Europe Pulled for Safety Fixes Fisker recalled more than 18,000 vehicles across North America and Europe, citing software defects and non-compliance with safety standards.
Tesla Teams Up with China's Baidu for Full Self-Driving Upgrade Tesla has taken one step closer to launching its FSD service in China by agreeing to receive upgraded map software from Baidu.
Elon Musk: No New Tesla Model Y Release in 2024 Elon Musk announced through his social media on the 8th that Tesla will not be releasing a new Model Y this year. Musk stated, “There will be no Model Y refresh this year,” and added, “Tesla is continuously improving its cars, so even a car that’s six months older will be a bit better.” While […]
California Sets the Pace in Nationwide Clean Driving Movement California, a leading state in U.S. eco-friendly vehicle policy, is also at the forefront of zero-emission vehicle (ZEV) initiatives. Under the slogan of ZEV Leadership, the state is actively implementing policies and driving investments. This confidence is reflected in the state’s electric vehicle sales. According to the Korea Trade-Investment Promotion Agency (KOTRA) and the California […]
Does Elon Musk Have a Seat Reserved in Politics? The Wall Street Journal (WSJ) reported on the 29th (local time) that the relationship between former President Donald Trump, who is seeking re-election in the upcoming U.S. presidential election, and Elon Musk, CEO of Tesla, is becoming increasingly close. Citing a source, WSJ reported that Trump, a Republican presidential candidate, and Musk have been discussing […]
Goldman Sachs Predicts Surge in Oil Demand Through 2034: What's Driving the Growth? Goldman Sachs has predicted a continuous increase in global oil demand. This seems to consider the s ...
Musk Opposes U.S. Government's Recent Tariff Increase on EV Imports Elon Musk, CEO of Tesla, expressed his opposition on the 23rd (local time) to the U.S. government’s decision to significantly increase tariffs on Chinese-made electric vehicles (EV). According to Reuters and other sources, Musk participated in a video conference at the Viva Technology event in Paris, France, stating, “Tesla and I did not request these […]
Affordable Luxury? BYD’s Seagull EV Combines High Design with Low Cost China’s BYD plans to launch its $10,000 battery electric car, the Seagull EV, in the European market by 2025. The Seagull EV, priced at $10,000 in the Chinese market, will be equipped with BYD’s 30.08kWh and 38.88kWh LFP Blade batteries. The driving range is 190 miles and 252 miles, respectively, based on the CLTC standard. […]
U.S. Consumers Pull Back on Electric Vehicle Purchases The popularity of electric cars in the U.S. is declining. The price burden caused by high interest rates and the lack of charging infrastructure is holding back the mainstreaming of electric vehicles. On the 16th (local time), market research firm JD Power released the 2024 U.S. Electric Vehicle Consideration Report. Among the survey respondents, the […]
Is America Missing the Mark on Electric Cars? Following Europe, opinions have been expressed in the U.S. that securing competitiveness is a priority rather than regulating Chinese electric vehicles. It is argued that it is not the right way for the Biden administration to increase tariffs on Chinese electric vehicles to 100%. Jameson Dow, a journalist who specializes in EVs and sustainable energy, […]
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 […]
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