The automaker estimates its struggling China business will cost $5 billion, but it isn't giving up on the country yet.
Five years of rapid European growth for Chinese electric-car manufacturers ground to a halt in 2024, as trade barriers added to the challenge of building up sales in a stagnant market.Most Read from B
Tesla is challenging the European Union in court over the tariffs imposed on its Chinese electric vehicles despite getting
The European automotive industry faces rising tensions as BMW and Tesla Shanghai file lawsuits against the European Commission
Tesla's legal challenge is in response to the EU introducing tariffs at the end of October of 7.8 percent on Tesla's China-made vehicles. The bloc has also set tariffs of up to 35.3 percent on other China-made EVs. The new tariffs come on top of a 10 percent standard import tariff that was already in place for electric vehicle imports into the EU.
Brands led by SAIC Motor Corp.'s MG registered 3.5 per cent fewer EVs in the region for all of 2024, according to data from automotive researcher Dataforce
The European Union wants to work with Donald Trump to tackle China’s economic “non-market policies”, its trade chief said on Wednesday, in a rare public admission that the bloc wants to partner with the new US administration on issues tied to Beijing.
China has become the sixth largest country of origin for new vehicles registered in Europe, according to the latest data from JATO Dynamics.
The lawsuit filed last week by BYD, Geely, and SAIC in the EU courts could last up to a year and a half. Tariffs on electric cars manufactured in China continue to gather opponents. If less than a week ago the three major Chinese manufacturers Geely,
A more favorable federal regulatory and legislative environment may help propel the growth of driverless ride-hailing vehicles in the United States.
Tesla's lawsuit concerns new tariffs on Chinese-made EVs, arguing they disrupt competition and advancement in the European EV market