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BMW, China and Toyota
Toyota and BMW are the latest casualties in China's evolving EV market
Toyota and BMW reported sinking profits on Wednesday, with sales in China slumping as both face growing competition from local automakers like BYD.
China woes weigh on profits at Toyota, Honda and BMW
Slowing demand in China led to steep falls in quarterly profit for Toyota, Honda and BMW, dragging even the strongest carmakers into a broader downturn hitting the sector. Until now, Japan’s Toyota and Honda had outperformed their European and US rivals due to strong hybrid and petrol sales in North America.
BMW's Profits Plunge As China Sales Slump
BMW said Wednesday it faced "extraordinary challenges" as its quarterly profits plunged due to slumping Chinese sales and a vehicle recall, the latest sign of the crisis gripping Europe's auto sector.
China, European Union and EV
China's messy EV dispute with Europe keeps trade tensions in check
EU member states divided on tariffs, some seek closer
China
ties
China
aims to avoid trade war, needs EU market for EVs EU puts tariffs on Chinese
EV
imports BEIJING, Nov 5 (Reuters) - Fears of a widening tariff war between
China
and other major exporting ...
China and Europe's EV fight just stepped up a notch
The Chinese commerce ministry said on Monday it will file a lawsuit with the WTO against the EU's tariffs on Chinese electric car companies.
China files WTO complaint over EU’s EV tariffs
Will the complaint escalate a trade war between the EU and the US? Or will it create a bigger incentive to negotiate?
3d
on MSN
The China threat and the EV slowdown— 2 takeaways from a busy few weeks in auto news
Amid the flurry of news, two themes stand out: the China threat and EV slowdown loom large for automakers. In China, the ...
3d
China EV Stocks Rally After Strong October Delivery Growth
Chinese electric vehicle stocks jumped after automakers including BYD Co. posted record deliveries in October, as government ...
4d
on MSN
China’s EV Makers Set Sights on Latin America in Global Expansion
Brazil is now the biggest overseas market for BYD as China pushes out Western carmakers from America’s backyard.
5d
on MSN
Marc Andreessen says the US needs a $20,000 EV if it doesn't want to 'lose the auto industry' to China
Marc Andreessen and Ben Horowitz said Chinese electric vehicles from companies like Xiaomi are beating US offerings on both ...
Opinion
3d
Opinion
China Can’t Cut EV Subsidies It Isn’t Paying
The accepted wisdom is that clean energy support explains the country’s competitive edge. But that’s far from the truth.
ia.acs
7h
‘Incredibly reckless’: Home Affairs Minister drives Chinese EV
Paterson then made the “stunning revelation” that Burke, who is responsible for the cybersecurity portfolio, is the owner of ...
Yicai Global
12h
China Sales Decline for Top Car Multinationals as Local EV Brands Thrive
Foreign carmakers are losing ground in the world's biggest auto market. As the Chinese market for combustion engine vehicles shrinks, local automakers such as BYD, Geely Holding Group, and Li Auto ...
justthenews
1d
Buttigieg denies that Biden-Harris admin is mandating EVs, accuses Trump of letting China get ahead
Now we know that EV technology is coming whether people are ready for it or not,” Buttigieg said in the Fox interview, and ...
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European Union
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