Nio’s Firefly models will still be competitive in Europe even with extra tariffs, says William Li
In the long term, if local sales reach a certain level, say 100,000 units, local production should take place, Nio CEO William Li said.
Nio says its commitment to Europe remains unwavering despite protectionism
“In Europe, Nio's commitment to the EV market remains unwavering, and we will continue to serve our users and explore new opportunities within…
EU to impose additional tariffs of up to 38.1% on Chinese EVs
BYD will be subject to an additional tariff of 17.4 percent, Geely 20 percent and SAIC 38.1 percent. Other BEV producers that cooperated in…
China voices opposition as EU reportedly to impose extra tariffs on Chinese EVs
The European Commission is about to notify carmakers that it will temporarily impose additional tariffs of up to 25 percent on imported…
China may devote about $830 million to support all-solid-state battery R&D, report says
Six companies, including CATL, BYD, FAW, SAIC, WeLion and Geely, may receive basic government R&D support, according to China Daily.
US announces tariff hike on Chinese EVs from 25% to 100%
China urged the US to immediately correct its wrongdoings, saying the country will take resolute measures to defend its rights and interests.
China offers incentives to boost old car replacements, analysts expect up to 2 million additional sales
China has issued policy details encouraging consumers to trade in old cars for new ones, starting to offer subsidies of up to RMB 10,000…
China releases action plan to encourage trade-in of consumer goods including cars
China aims to double the amount of scrapped cars recycled by 2027 compared to 2023.
China eases auto loan policy to spur consumption
Cars for personal use will be eligible for 0 percent down payment, while previously consumers were required to pay at least 20 percent of down…
China issues guidelines to promote general aviation equipment, including eVTOLs
China aims to fully integrate general aviation equipment into all areas of production and life by 2030, creating a market in the scale of RMB…