Bad news keeps coming for foreign automakers in the world's biggest car market as two German marques reported big declines in deliveries in China.
Tesla (NASDAQ:TSLA) and German automaker BMW (OTCPK:BMWKY) have joined Chinese electric vehicle makers BYD (OTCPK:BYDDF), Geely Automobile (OTCPK:GELYF), and SAIC Motor in challenging the European ...
BMW’s Chinese-made BEVs now incur EU import tariffs of close to 21%, while for BYD’ Auto the tariff rate is set at 17%; Geely 19%; and SAIC Motor 35%. Olof Gill, spokesperson for the European ...
Two of the suitors are Chinese rivals SAIC and Nanjing Auto, both of which ended up with a piece of MG Rover when the company went under, while rights to the brand itself reverted to BMW.
China’s largest vehicle manufacturer, SAIC Motor, signed an agreement last week to strengthen its collaboration with Contemporary Amperex Technology Company Limited (CATL) in the development of ...
U Power (UCAR) has signed a cooperation agreement with SAIC Motor-CP to integrate U Power's battery-swapping technology into the ...
Five years of rapid European growth for Chinese electric-car manufacturers ground to a halt in 2024, as trade barriers added to the challenge of building up sales in a stagnant market.Most Read from B ...
Elon Musk's Tesla and German auto giant BMW have challenged EU import tariffs on China-made ... by Chinese automakers BYD, Geely and SAIC against the extra tariffs of up to 35 percent.
SAIC and BYD, who are also against these tariffs. Tesla's shares fell 2.32% on Tuesday afternoon; BMW's shares fell 0.35%. BMW and Tesla Shanghai both filed cases at the European Union's Court ...
BMW’s Chinese-made BEVs now incur EU import tariffs of close to 21%, while for BYD’ Auto the tariff rate is set at 17%; Geely 19%; and SAIC Motor 35%.