China Economic ReviewEveryone could see this coming, but finally the European Union and the United States are enacting serious tariffs aimed at the electric vehicles (EVs) that are surging out of China and flooding into markets around the world. Nobody doubts that China’s EVs are efficient and high-tech, but there is a legitimate question on the real cost structure […]
The European Union will impose additional tariffs on electric cars shipped from China starting next month, taking levies to as much as 48% in a move that further escalates trade tensions and adds to the cost of buying an EV, reports Bloomberg. The bloc formally notified carmakers including BYD, Geely and MG owner SAIC of […]
XtalPi, a Tencent-backed Chinese AI-driven drug research company, began trading in Hong Kong on Thursday, reports Nikkei Asia. XtalPi raised HK$989.3 million ($126.8 million) in the runup to the listing, marking the third-largest initial public offering in the city this year, following beverage shop chain Sichuan Baicha Baidao’s HK$2.58 billion listing in April and lidar […]
Contemporary Amperex Technology Co. Ltd.’s (CATL) share of non-China markets rose to 27.4% of installed capacity in the first four months of 2024, according to a report from SNE Research, replacing LG Energy Solution as the biggest supplier of electric vehicle (EV) batteries in markets outside China, reports Caixin. The Fujian province-based company’s non-China market share […]
China’s consumer price growth was weaker than expected in May, with official data from the National Bureau of Statistics showing the consumer price index rose 0.3% for the month compared to the 0.4% forecast by a Reuters poll, reports the Financial Times. Factor price deflation eased slightly as China tried to shake off weak domestic consumption and […]