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...A flood of cheap Chinese car imports could be disastrous for Europe’s incumbent carmakers, with the EU already considering import tariffs to limit the damage....
...But it currently imports all mid-sized electric vans for the UK market from France....
...BYD exported more than 80,000 Chinese-made autos in the first half of 2023, compared to Tesla’s 180,000 units....
...“They now have enough capacity to import the gas that is now lost probably forever from Russia — or a very long time at least,” he said....
...The decision would be give a big lift to the beleaguered UK auto sector, which has struggled to attract battery investments and seen car production almost halve over just three years....
...BYD assembles its EVs in Chennai from semi-knocked down kits (SKDs), a process carmakers typically employ to avoid high import duties....
...The energy secretary went to Houston, delivered a speech telling oil and gas producers there that in a time of war they needed to produce more....
...Since Xi took power in 2012, China has stepped up efforts to reduce its dependence on key imports, including oil and computer chips....
...I spoke to a number of auto dealers around Houston who said demand for big trucks and SUVs remains as robust as ever — they make up roughly three-quarters of all sales....
...With the auto industry hoping to lure more people into EVs in the coming years, this is not a good start....
...Biden said in a statement: “This settlement agreement is a win for American workers and the American auto industry.”...
...SKI would also be allowed to import materials to repair electric vehicle batteries in Kia cars that have already been sold....
...Contemporary Amperex Technology Co Ltd Sector: BATTERIES / HQ: NINGDE, CHINA China’s dominant maker of batteries for electric vehicles has boomed thanks to growing sales to global customers such as Tesla...
...“The new franchise will essentially tie the auto belts of Ontario, the Upper Midwest and Mexico,” Brooks said....
...In 2018, state-run Korea Development Bank offered a $750m lifeline to lossmaking GM Korea in exchange for the US auto group committing to remain in the country for 10 years....
...The $63,000 price includes current US tariffs of 27.5 per cent on Chinese auto imports but higher tariffs would make the car too expensive, he said....
...Mr Munjal said that Hero, which imports parts including cast wheels from China, had lined up domestic suppliers as back-up....
...This can be seen in the price structure of auto suppliers, which charge smaller amounts per part if customers buy more....
...Some HFCs are trafficked into the EU through border states Turkey, Russia and Ukraine and most end up being used in the auto after-market — for example, the servicing of cars....
...Those declines came after US President Donald Trump said late on Thursday that US customs officials will begin imposing duties of 5 per cent on Mexican imports from June 10....
...“The [UK’s] auto sector has been successful but we cannot take it for granted,” business secretary Greg Clark told the Financial Times....
...Producing in China will allow Geely to avoid a steep import tariff, currently at 35 per cent, on cars costing above Rmb1.3m....
...The cruellest aspect is that Swindon’s citizens, and many others in the UK auto industry, were persuaded to risk themselves....
...A deadly mix of auto-industry decline, “white flight” and soaring crime turned Motown into a byword for post-industrial dystopia....
...A slowing economy and a trade war between Beijing and Washington have hit auto deliveries in the Asian nation....
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