Polestar said on Thursday the Trump administration was forcing the electric-vehicle maker to stop selling vehicles in the United States beginning in the 2027 model year, reports Reuters. This comes as Washington ramps up its crackdown on Chinese vehicles. The US Commerce Department did not grant Polestar authorization to sell cars under the Connected Vehicles Rule, which […]
Category: Manufacturing
Chinese battery maker Hithium Energy Storage Technology is prioritizing localized partnerships and strategic regional manufacturing hubs to drive its overseas expansion, reports Caixin. Speaking at the Summer Davos forum in Dalian, Hithium chairman Wu Zuyu said Chinese companies should learn from the Japanese, South Korean, German and US firms that successfully traded technology for market access […]
China’s northeastern city of Changchun, home to the country’s oldest automaker FAW Group, has released a draft plan through 2030 to revamp its decades-old auto sector, reports Reuters. The plan aims to attract electric-vehicle makers such as BYD and Xiaomi. FAW group has experienced a decline in production and sales in recent years, and Changchun city plans […]
Chinese steelmaker Hebei Jingye has initiated consultation procedures with the UK government under a bilateral investment treaty, seeking compensation for losses after the state takeover of British Steel, reports Caixin. Jingye acquired British Steel in March 2020 for about £53 million (nearly $70 million), gaining control of a company with an annual crude steel production capacity […]
BYD will start assembling cars at its new plant in Hungary in the fourth quarter of this year, reports Reutersciting a company executive. Meanwhile, the Chinese automaker has paused work on a plant in Turkey while it focuses on production in Europe. “Hungary is the number one priority right now,” Executive Vice President Stella Li told […]