A joint statement promised new efforts to cut emissions at a time when China is positioning itself as the world’s one-stop shop for clean energy technologies.
China wants to dominate the market for the cars of the future, and it has set its sights on Brazil’s giant auto market.
As the likes of Ford and Mercedes retreat, Great Wall Motor and BYD are building factories and bringing affordable EVs and hybrids to one of the world’s biggest markets.
Beijing will now require government licenses for any effort to transfer abroad the technologies crucial for producing inexpensive electric cars.
BYD and other companies doubled their share of the car market after the European Union imposed higher tariffs on electric vehicles from China.
Los aranceles de Washington impuestos a Pekín podrían conducir a un escenario peligroso para los mercados europeos: el “dumping” de productos podría socavar las industrias locales.
President Trump’s tariffs on China could lead to a hazardous scenario for European countries: the dumping of artificially cheap products that would undermine local industries.
Faltering U.S. industrial leadership has allowed China to take a harder trade stance as President-elect Donald Trump prepares to take office.
A district court ruled that Sweden’s constitution prevented it from taking a side in a labor dispute between Tesla and local unions that has dragged on for 11 months.
Beijing’s action came days after European nations moved toward tariffs on electric vehicles from China, and it included a threat to also hit pork and car imports.