Focusing on production, Canada is also considering higher tariffs on Chinese electric vehicles.
Canadian Trade Minister Mary Ng told Bloomberg on May 17 that Canada is considering whether it also needs to raise tariffs on Chinese-made electric vehicles after the United States announced new tariffs on Chinese-made electric vehicles.
Japan and ASEAN plan to develop a joint car production strategy, and Japan and the Association of Southeast Asian Nations (ASEAN) plan to develop the first joint car production and sales strategy in Southeast Asia in response to China’s growing influence in the electric vehicle market.
The United States has been criticized for imposing tariffs on China, and the United States has sharply raised tariffs on imported goods such as Chinese-made electric vehicles, lithium batteries and semiconductors, causing widespread criticism around the world.
Not only a spokesman for the International Monetary Fund (IMF) criticized this as “splitting the global economy and the supply chain,” but even several US media, including the Washington Post, criticized that the tariffs raised the costs of companies using green energy devices and were “economically and environmentally friendly failures”.
The governor of Colorado also said that “the imposition of tariffs is a major setback for clean energy programs.
” Focusing on electrification, Volkswagen is said to have abandoned talks with Renault on affordable electric vehicles.
Volkswagen has abandoned plans to develop an affordable electric version of the Twingo model with Renault, and the breakdown of the talks may mean that Volkswagen may have to develop its own affordable electric models on its own, according to four people familiar with the matter.
Renault will continue work on the electric Twingo model, and the new car is expected to go on sale in 2026.
GM and LG will compensate Bolt owners $150 million for battery problems.
GM, South Korea’s LG New Energy and LG Electronics have reached a settlement with owners, and the three companies will set up a $150 million fund to compensate owners of Chevrolet Bolt electric vehicles affected by defective batteries, according to documents filed with the U.S. Court on May 16.
Xiaopeng Motor officially entered the French market.
Xiaopeng Motor held the launch event of Xiaopeng G9 in Paris and officially entered the French market.
The 2024 Xiaopeng G9 is priced between 59990 and 73990 euros in France, equivalent to about 470 million yuan and 580,000 yuan, and delivery is scheduled to begin in July this year.
Focusing on new developments in traditional automakers, Mercedes-Benz workers in Alabama voted to refuse to join the union, and workers at Mercedes-Benz’s plant in Alabama refused to join the union in a vote by the United Auto Workers (UAW) on May 17th, marking UAW’s first major defeat after a series of victories.
Toyota’s North American plant has been shut down several times this year, and a Toyota plant in Mexico was forced to stop production several times in February and March because local labor shortages affected supplier production, according to people familiar with Toyota’s operations.
Highlight the potential bottlenecks facing the world’s largest carmaker.
Volvo Group plans to form a joint venture with Daimler truck, and on May 17, Volvo Group reached a preliminary agreement with Daimler truck to form a joint venture company to jointly develop GM’s software-defined vehicle platform and dedicated truck operating system.
The two parties plan to have a 50% stake in the joint venture, and the joint venture will operate as a separate entity.
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