Chinese EV Maker Nio Surges on $1.9 Billion Investment
Nio’s (NIO) U.S.-listed shares surged in early trading Monday, after the Chinese electric vehicle maker announced a new investment over the weekend. A group of Chinese investors agreed to acquire newly issued shares of Nio China for a combined 3.3…
Toyota bZ3C Leaked as new Prius-lookalike electric SUV in China
A new Toyota electric crossover SUV is about to hit the world’s largest EV market. The Toyota bZ3C leaked in China on Friday, showing a familiar look. The new electric crossover SUV was developed with China’s leading EV maker, BYD….
China Launches WTO Complaint Against Canada Over EV, Aluminum and Steel Tariffs
China launched a complaint against Canada at the World Trade Organization on Friday over recently announced tariffs on Chinese electric vehicles, aluminum and steel. The Ministry of Commerce announcement of the filing came after a promise earlier this week it…
Didi Plans to Bring 100,000 Electric Cars to Mexico
The Chinese platform Didi plans to bring 100,000 electric cars to Mexico between 2024 and 2030. The company’s goal is to offer its app-based transportation service through this type of vehicle. According to Andrés Panamá, general director for Latin America,…
Kaiyi Auto Launches New International Models at World Power Battery Conference
At the 3rd World Power Battery Conference held in Yibin City, Sichuan Province, Kaiyi Auto unveiled its latest international models, marking a significant milestone in the company’s global expansion strategy. The event, titled “Lead by Green Power Sailing to the…
MIL-OSI China: Nation’s EV, Battery Strides Boosting Global Transition
China’s strides in developing its electric vehicle and power battery industries are making significant contributions to global sustainable development and the fight against climate change, officials and business leaders said on Sunday. Wan Gang, president of the China Association for…
Canada to Impose 100% Tariff on Chinese EVs
The Government of Canada intends to implement a 100% surtax on all Chinese-made EVs, effective October 1, 2024. This includes electric and certain hybrid passenger automobiles, trucks, buses, and delivery vans as well as fuel-cell vehicles. This follows similar announcements…
Kawar Energy and Huawei Collaborate to Supercharge Jordan’s EV industry
In a bid to support Jordan’s burgeoning Electric Vehicle (EV) industry, Huawei and Kawar Energy recently announced a strategic collaboration to install Huawei’s advanced superchargers at Manaseer gas stations across the Kingdom over a two-year period. This partnership is set…
EU Plans up to 36.3% Definitive Tariffs on EV Imports from China
The European Commission (EC) has announced a draft decision to impose up to 36.3% definitive countervailing duties on imports of battery electric vehicles (EVs) from China. The draft rates are lower than the provisional duties published on 4 July and…
Tajikistan Boosting EV Imports, Planning Domestic Production
Tajikistan is boosting imports of electric vehicles and planning domestic production together with Chinese partners, the Tajik Transport Ministry said. “According to the government’s Customs Service, Tajikistan imported 3,316 electric vehicles worth $59 million in 2023. As many as 5,266…
