The European Commission and China agreed to intensify efforts to prevent EU import tariffs on China-built electric vehicles. The European Commission and China agreed to intensify efforts to avert EU import tariffs on China-built electric vehicles and could re-examine a minimum-price deal previously rejected by the EU, the Commission said on Thursday. EU trade chief… Continue reading EU, China boost efforts to avert electric-vehicle tariffs, says EU
Author: Economic Times of India Online News
Volkswagen’s audit of Xinjiang plant failed to meet international standard, FT reports
An audit commissioned by Volkswagen at its Xinjiang site in China did not meet key international standards. An audit commissioned by Volkswagen into its jointly owned site in Xinjiang, China, failed to meet key aspects of the international standard the German carmaker’s auditor said it had set for the process, the Financial Times reported on… Continue reading Volkswagen’s audit of Xinjiang plant failed to meet international standard, FT reports
Germany considering ways to support VW, says economy minister
The finance chief of Volkswagen’s core brand, Patrik Andreas Mayer, is to swap roles with his counterpart at the automaker’s Seat subsidiary in Spain. Germany‘s government is considering ways to support Volkswagen , German economy minister and vice chancellor Robert Habeck said on Thursday, when asked about the threat of job cuts at the country’s… Continue reading Germany considering ways to support VW, says economy minister
Rupee likely to extend winning run on upbeat risk, Fed outlook
Investors are wagering that concerns over the U.S. labour market will make the Fed cut interest rates faster than what officials have projected. The Indian rupee is expected to open higher on Friday and add to its weekly advance, boosted by healthy risk appetite and bets the U.S. Federal Reserve will push borrowing costs further… Continue reading Rupee likely to extend winning run on upbeat risk, Fed outlook
India to ensure sufficient charging infrastructure for massive EV adoption: Kumaraswamy
Updated On Sep 20, 2024 at 08:29 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals H. D. Kumaraswamy New Delhi: India will ensure sufficient charging infrastructure to support the massive adoption of electric vehicles (EVs) across the country, Union Heavy Industries Minister H D Kumaraswamy said on Wednesday. The minister said… Continue reading India to ensure sufficient charging infrastructure for massive EV adoption: Kumaraswamy
India aims to slash logistics costs to single-digit percentage in next five years
Nitin Gadkari India is set to bring down its logistics costs to a single-digit percentage within the next five years, Union Road Transport and Highways Minister Nitin Gadkari announced on Thursday. Speaking at the ‘Deloitte Government Summit,’ Gadkari highlighted the ongoing construction of highways and expressways as key initiatives to reduce these costs. “I am… Continue reading India aims to slash logistics costs to single-digit percentage in next five years
China says will negotiate ‘until the last minute’ on EU EV probe
The European Commission is on the verge of proposing final tariffs of up to 35.3% on EVs built in China. China’s commerce minister said on Wednesday that Beijing will continue to negotiate “until the last minute” on the European Union’s electric vehicle probe, with the investigation undermining confidence of Chinese companies investing in Europe. Wang… Continue reading China says will negotiate ‘until the last minute’ on EU EV probe
GM offering adapters to help electric vehicle owners access Tesla chargers
By using the Tesla Supercharger network, GM EV vehicle owners will have access to more than 231,800 public Level 2. General Motors is now offering adapters to help its electric vehicle owners access Tesla chargers. The Detroit automaker said Wednesday that it is opening up access to more than 17,800 Tesla Superchargers for its customers,… Continue reading GM offering adapters to help electric vehicle owners access Tesla chargers
Cambodia targets 40% of electric cars, 70% of electric motorbikes by 2050: minister
The three most popular EV brands in Cambodia are China’s BYD, Japan’s Toyota, and America’s Tesla. Cambodia is committed to achieving 40 % of electric cars and 70 % of electric motorcycles by 2050 in order to reduce carbon emissions, Minister of Public Works and Transport Peng Ponea said here on Wednesday. He made the… Continue reading Cambodia targets 40% of electric cars, 70% of electric motorbikes by 2050: minister
EU, China must avoid EV trade war: German vice chancellor
The European Union and China must avoid a damaging trade war over electric cars at all costs. The European Union and China must avoid a damaging trade war over electric cars at all costs, German vice chancellor Robert Habeck said Tuesday, as tensions mount over planned EU tariffs on Chinese EVs. “We absolutely want to… Continue reading EU, China must avoid EV trade war: German vice chancellor