BYD, which leads China’s electric vehicle sector, is constructing a plant in Hungary while its Chinese rivals expand through joint ventures in Europe.
With Trump once again in the Oval Office, America would be at risk of falling even further behind China in industrial competitiveness.
The Canadian government will impose a new tariff on electric vehicles made in China, further escalating trade tensions between Western countries and China.
The new tariffs announced by Prime Minister Justin Trudeau will match levies imposed by President Biden and could further strain relations between Canada and China.
The European Commission will charge the U.S. automaker an additional duty of 9 percent, much lower than tariffs levied on its Chinese peers for electric vehicles imported to Europe.
China’s electric vehicle companies are making inroads in Thailand, a key industry hub, as Europe and the United States wield tariffs to keep them out.
After dominating sales in Thailand for decades, Mazda, Nissan and other Japanese companies are losing their grip on a market long viewed as a regional hub.
The solar sector shows how China conducts industrial policy: It chooses industries to dominate, floods them with loans and lets companies fight it out.
The European Union took the next step toward collecting heavy tariffs on electric vehicles, ahead of a final decision in October.
As the European Union moves to impose tariffs on Chinese cars, Germany, with an auto industry deeply enmeshed with China, is stuck in the middle.