The big headline from President Biden’s new tariffs on Chinese goods announced Tuesday was the massive hit to electric vehicles made in China. New duties on EVs from companies like BYD (BYDDY), Geely (GELYF), and NIO (NIO) are set to quadruple in 2024, to 100% from 25% of the cost of the vehicle. But the… Continue reading Why Biden’s tariffs on Chinese EVs will have little immediate impact on the US auto market
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Why Biden’s tariffs on Chinese EVs will have little immediate impact on the US auto market
The big headline from President Biden’s new tariffs on Chinese goods announced Tuesday was the massive hit to electric vehicles made in China. New duties on EVs from companies like BYD (BYDDY), Geely (GELYF), and NIO (NIO) are set to quadruple in 2024, to 100% from 25% of the cost of the vehicle. But the… Continue reading Why Biden’s tariffs on Chinese EVs will have little immediate impact on the US auto market
HRBR INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Harbor Diversified, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!
NEW YORK, May 14, 2024 /PRNewswire/ — Attorney Advertising — Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Harbor Diversified, Inc. (“Harbor Diversified” or “the Company”) (OTC: HRBR) and certain of its officers. Class Definition: This lawsuit seeks to recover damages against… Continue reading HRBR INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Harbor Diversified, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!
Sobha Developers bring to Singapore an Exclusive Dubai Property Showcase
Lucrative offers available to invest in Real Estate & Win a Free Trip To Dubai SINGAPORE, May 11, 2024 /PRNewswire/ — Dubai, renowned globally for its surreal skyscrapers and stunning skyline, is the epitome of luxury and innovation. The city is part of a thriving economy complete with state-of-the-art infrastructure, stable government, and the best… Continue reading Sobha Developers bring to Singapore an Exclusive Dubai Property Showcase
How American carmakers lost ground in China
American automakers and their non-Chinese counterparts are fighting an existential battle, as local rivals in China outpace them. Chinese companies flush with government investments and subsidies have leapfrogged the competition in electric vehicle technology and software. U.S. automaker sales have fallen dramatically since their peak a few years ago. “I don’t want to sound overly… Continue reading How American carmakers lost ground in China
NIO and GAC announce new EV charging and battery swapping partnership
NIO and GAC Group have signed a new strategic cooperation agreement on charging and swapping in Guangzhou, Guangdong Province. Through it, the Chinese OEMs will engage in comprehensive, in-depth, strategic cooperation in areas related to charging and swapping – including battery standards, vehicle R&D and customization, battery asset management and operations, swapping network development and… Continue reading NIO and GAC announce new EV charging and battery swapping partnership
Tesla clears hurdles in China’s electric vehicle market
A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in Shanghai, China on Jan 7, 2019. [Photo/Agencies] Chinese authorities have decided to remove restrictions on Tesla’s cars after it passed the country’s data security requirements, marking a significant milestone for the US company in the world’s largest auto market. The approval… Continue reading Tesla clears hurdles in China’s electric vehicle market
A classic, remixed: Driving an electric Mercedes SL Pagoda
Who spends almost half a million pounds on an electrified restomod? According to Everrati, it’s a very eclectic bunch. Many of its customers are in the US; around one-third of them are female; and some don’t yet have a driving licence but are instead the fortunate beneficiaries of petrolhead parents foreseeing a zero-emissions future and… Continue reading A classic, remixed: Driving an electric Mercedes SL Pagoda
China’s Zeekr seeks over $5b valuation in US IPO
Electric vehicle maker Zeekr Intelligent Technology Holding said on Friday it was targeting a valuation of up to $5.13 billion in its US initial public offering (IPO), the first major floatation of a China-based company in more than two years. Zeekr is looking to raise up to $367.5 million by selling 17.5 million American depositary shares (ADSs) priced between $18 and $21 each. The IPO will test investors’… Continue reading China’s Zeekr seeks over $5b valuation in US IPO
@Nio: NIO Inc. Provides April 2024 Delivery Update000655
NIO delivered 15,620 vehicles in April 2024, increasing by 134.6% year-over-year NIO delivered 45,673 vehicles year-to-date in 2024, increasing by 21.2% year-over-year Cumulative deliveries of NIO vehicles reached 495,267 as of April 30, 2024 SHANGHAI, China, May 01, 2024 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer… Continue reading @Nio: NIO Inc. Provides April 2024 Delivery Update000655