China EV weekly

Hello! Our dear EV audiences. Welcome to this new episode of China EV weekly. Today is June 16th and we will bring you

00:54 Xiaomi SU7 Spotted Testing at Nürburgring, Aiming for Record Performance

03:04 Tesla May Raise Model 3 Prices in Europe Following EU Tariff Increase on Chinese EVs

05:08 Germany'sAuto Industry Association Criticizes EU Tariffs on Chinese EVs

06:24 XPeng and Didi to develop a car for the B2B market

08:14 A New "Muscle Contest" Begins: CATL and BYD to Launch 6C Power Batteries

11:16 AutoIndustry Titans Clash in Chongqing: Price Wars, Market Dynamics, and the Future of EVs

So let's buckle up and start right away!

Full script can be found below

https://mp.weixin.qq.com/s?__biz=MzkyNjcwMzM2Nw==&mid=2247483761&idx=1&sn=b065008e5bc3e7568cfc8fda4bf5d920&chksm=c2320b19f545820f2591c7ecff8fde4e4f9749a6389a479ac5a88e679365800b903b5e211f6c&token=1066400891&lang=zh_CN#rd

On June 12th, 2024, the EuropeanCommission announced that it will impose tariffs on the import of pure electric vehicles from China starting July 4th, a move that quickly attracted wide spread attention and discussion in the international automotive industry.

According to the European Commission's announcement, the decision to impose tariffs came after an anti-subsidy investigation into electric vehicles imported from China. Different rates of anti-subsidy duties were levied against three Chinese car companies that were sampled: BYD with a rate of 17.4%, Geely at 20%, and SAIC Group at a high of 38.1%.

For electric vehicle manufacturers involved in the investigation but not sampled, an average anti-subsidy duty of 21% will be imposed.

For companies that did not cooperate with the investigation, they will face an anti-subsidy duty as high as 38.1%.

Tesla will have a different tariff rate but not yet released the specific duty rate at this moment.

It is worth noting that the tariffs imposed this time are in addition to the existing 10% import tariffs. This means that Chinese car companies exporting electric vehicles to the EU will face higher tariff barriers.

In addition, the announcement also pointed out that imported goods registered before the implementation date of temporary measures (i.e., April 5th, 2024) may be retroactively levied with import tariffs.

The decision to impose tariffs has had a direct impact on the export business of Chinese car companies. According to statistics, in2023, the total export volume of passenger cars from Chinese car companies toEurope was 910,000 units, of which pure electric vehicles accounted for 624,000units. The EU region, as one of the important export markets for Chinese car companies, this additional tariff will undoubtedly bring considerable pressure...

Western and American Encirclement, Japanese and Korean Vigilance: How Can Chinese Car Brands Break Through in the Era of Going Global 2.0?

Data can prove how rapidly Chinese car exports have developed in recent years:

In 2021, China's car export volume reached 2.015 million units, surpassing South Korea to become the world's third-largest car exporter; in 2022, China's car export volume reached 3.4 million units, surpassing Germany to become the world's second-largest car exporter after Japan; in 2023, China's car export volume reached 5.221 million units, while Japan's was 4.42 million units, making China the world's largest car exporter for the first time, a position Japan had held for seven years.

Twenty years ago, in 2003, China's car export volume was less than 50,000 units.

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Thank you for joining us, and have a fantastic day ahead!

Welcome to this week China EV weekly, your best source to get update for China electric car industry and beyond. Today we will cover you:

01:00 China's New Energy Vehicles Hold 67% of Global Market Share in Early 2024

04:02 China's MIIT Seeks Public Opinion on Banning Single-Pedal Mode

05:53 Ford's Quest for Affordable Electric Vehicles, Aims to Replicate China's Success

08:10 China Unveiling the First Wave of L3 Players

11:20 BYD Secures Tesla's Energy Storage Battery Order, Estimated Annual Value 3.5 Billion

13:47 Polestar CEO Puzzled by New U.S. Tariffs on Chinese-Made EVs

Now!let's get the e-machine started!

Full script can be found below: 

https://mp.weixin.qq.com/s?__biz=MzkyNjcwMzM2Nw==&mid=2247483695&idx=1&sn=3c3bad8afdfa917b90d40d9c191c8666&chksm=c2320b47f5458251abdf6c72190678ada8203ddf85663c194ebbff75f4f329d8ec332d7c7fd4&token=1472891166&lang=zh_CN#rd

Feel free to leave any comments or questions you have. Thank you for your time.

New Energy Vehicle Companies See Sales Rebound in May:

On June 1st, several new energy vehicle (NEV) companies reported their May sales figures, showing a notable rebound despite the traditional off-season for car sales. This recovery comes amidst intense price and promotional battles, with several companies posting significant month-on-month and year-on-year increases.

Li Auto

NIO

Leapmotor

XPeng

NETA

Xiaomi

Huawei's AITO

GAC Aion

Zeekr

Lantu

Avatr

The China Passenger Car Association predicts that the narrow passenger car retail market in May will be about 1.65 million units, a 5.3% year-on-year decrease but a 7.5% month-on-month increase. New energy vehicle retail sales are expected to reach 770,000 units, a 32.7% year-on-year increase, with a penetration rate of 46.6%.

Hello EV friends!  welcome to this new episode of China EV weekly, today we will cover you

00:47 Porsche China Dealers Protest Amid Slumping Sales

03:38 BYD Sues Popular Influencer for Defamation, Seeks 5 Million Yuan in Damages

05:52 Xiaomi's Venture into Automobile Manufacturing Drives Remarkable Growth

09:03 Renault Group and Geely Establish HORSE Powertrain Limited

10:45 GreatWall Motors Closes European Headquarters Amid Market Challenges

13:59 China's Solid-State Battery "National Team" on the Horizon with $6 BillionInvestment

Buckle-up, let's start for this week!

In a striking turn of events, SAIC General Motors (SGM), once a beacon of China's thriving automotive industry, now confronts a significant downturn. With sales plummeting by nearly 40%, the company is reportedly planning an extended break for its production line workers, potentially affecting all major production bases across China.

This extended leave, rumored to last 2 to 3 months, is not merely a high-temperature holiday, traditionally a respite for workers during the hottest months.Instead, it's a direct response to the rapid decline in SGM's vehicle sales.The move raises questions about the continuity of wages for production line employees during this period.

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Special episode for BYD new DMI system and launch of their 2 new cars, Qin L and Seal 06 DM-i. Will this become a new game changer for the automotive industry?

Welcome to the China EV Weekly, your go-to podcast for the latest insights and trends shaping the electric vehicle landscape in China and beyond. Today we will cover you

01:05 China's Electric Vehicle Industry Embraces Battery Swap Technology

02:47 Turkey Engages in Advanced Talks with BYD and Chery for Factory Investment

04:28 SAIC Motor and Audi Sign Formal Cooperation Agreement to Launch New Electric Models by 2025

05:19 Polestar is reported of Violating NASDAQRegulations

06:57 Xiaomi SU7 Smart Driving Failures Lead to Car Buybacks

07:59 CATL Chairman Mobilizes for Global Expansion: "Heroes" Who Go Overseas

09:34 Faraday Future Revives from DelistingThreat

11:25 BYD Launches Electric Double-Decker Bus BD11 in the UK with New Blade Battery

12:42 Brazilian Market Draws Chinese Automakers Amid Rising Tariffs

So, buckle up and let's power up for this week!

Full scrip for today's podcast you will be able to find here.

https://mp.weixin.qq.com/s?__biz=MzkyNjcwMzM2Nw==&mid=2247483666&idx=1&sn=0964703cb12e7585b15f30459eb8a4e0&chksm=c2320b7af545826c9b073bcb3a693ca8cc1d834d5b2df8cfc1211f0e8e1aa906b0c8a131666a&token=2125202436&lang=zh_CN#rd

Welcome to another episode of "ChinaEV weekly,"  your dedicated podcast for all the latest and most relevant news in the electric vehicle industry in China. Today, we will cover you

01:16 - NIO launch their second brand Onvo（乐道）, aiming for its Second Growth Point

04:20 - Xiaomi Expands Production: "DoubleShift Mode" and Phase II Factory Land Enters Demolition Stage

05:44 - Leap Auto (零跑汽车)  launch their International JV together with Stellantis

07:10 - Aiways Auto (爱驰汽车）Shifts Focus to Europe with Planned Spac Listing in the U.S., whilegiving up China market

09:32 - Li Auto Initiates Personnel Optimization

11:21 - Honda's Financial Triumph and the Chinese Market Challenge

14:01 - GAC Honda Initiates Major Layoffs Amid Industry Shift

16:09 - And last but not least, we will follow upon the US new tariff towards Chinese eV cars.

So let's buckle up, get the e-machine start!