By Chayut Setboonsarng RAYONG, Thailand (Reuters) -China’s BYD opened an electric vehicle plant in Thailand on Thursday, the automaker’s first factory in Southeast Asia, a fast-growing regional EV market where it has become the dominant player. “Thailand has a clear EV vision and is entering a new era of auto manufacturing,” BYD CEO and President …
China’s BYD opens EV factory in Thailand, first in Southeast Asia Read More »
By Nick Carey LONDON (Reuters) – The European Commission on Thursday published the findings of its nine-month investigation into China’s electric vehicle market, giving insight into how it calculated tariffs and the evidence it collected to support its highest profile trade case. The report details reluctance by the Chinese government and state-owned automaker SAIC to …
BRUSSELS (Reuters) -The European Union will impose provisional tariffs of up to 37.6% on imports of electric vehicles made in China from Friday, ratcheting up tensions with Beijing in the EU’s largest trade case yet. Here are some reactions to the news: EU TRADE CHIEF VALDIS DOMBROVSKIS “Obviously we are in consultation with member states …
(Reuters) – Japanese technology investor SoftBank Group has recently talked with banks about borrowing money to invest up to $10 billion in energy-related projects, The Information reported on Thursday. The group could secure the capital for power-related investments by securing bank loans and tapping other investors, the report added, citing a person with direct knowledge …
SoftBank has discussed energy project funding with banks, The Information reports Read More »
BEIJING (Reuters) – A senior executive at Chinese technology giant Huawei on Thursday dismissed the idea that a shortage of the most advanced artificial intelligence chips will hinder the country’s aim to be a leader in AI, but said innovation is needed to address the issue. The comments by Zhang Ping’an, CEO of Huawei Cloud, …
Huawei exec rejects idea that advanced chip shortage will hamper China’s AI ambitions Read More »
TOKYO (Reuters) – Japan faces a shortage of almost one million foreign workers in 2040 if the government wants to achieve its economic growth goals as the population dwindles, an estimate from a state-backed think tank showed on Thursday. At the current pace, 5.91 million foreign people will be working in Japan in 2040, almost …
Japan faces shortage of almost a million foreign workers in 2040, think tank says Read More »
PARIS (Reuters) – Chinese brands MG and Nio suggested on Thursday they might raise prices of their cars in Europe later this year, following the European Union’s decision to confirm tariffs on Chinese-imported EVs. The EU will impose tariffs of up to 37.6% from Friday on imports of electric vehicles made in China, EU officials …
MG, Nio hint at car price increases this year following EU EV tariff decision Read More »
LONDON (Reuters) -The European Commission told carmakers on Thursday it would apply additional duties of up to 37.6% on imported electric vehicles made in China from July 5. Here is a breakdown of the provisional tariffs by company: BYD: 17.4% Includes: BYD Auto Co Ltd BYD Auto Industry Co Ltd Changsha BYD Auto Co Ltd …
Factbox-China-based EV makers hit with European Union tariffs Read More »
By Chen Aizhu SINGAPORE (Reuters) – China has asked its state oil companies to add 8 million metric tons, or nearly 60 million barrels, of crude oil to the country’s emergency stockpiles to boost supply security, according to analytics firm Vortexa and trading sources. The stockpiling, if completed, would be one of China’s largest in …
BEIJING (Reuters) – China and Europe held several rounds of technical talks over tariffs on Chinese electric cars that the European Commission is set to confirm on Thursday, China’s commerce ministry said at a regular news conference. “To date, a number of consultations have been held at the technical level between China and the European …
China and EU held technical talks on impending EV tariffs Read More »
