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In fact, "China spent roughly $173 billion in subsidies to support the new energy-vehicle sector, which encompasses electric and plug-in hybrid vehicles, between 2009 and 2022," write Kubota and ...
The Biden administration last week said it was placing a 100% tariff on Chinese-made electric vehicle imports to the U.S. in a bid to stop cheap Chinese EVs from flooding the U.S. market. The ...
In 2014, LSEVs sales were 15 times more than normal plug-in passenger cars, but the ratio declined to about four times in 2016, and fell to 2.5 times in 2018, when about 1.1 million normal passenger electric vehicles, compared to 1.4 million low-speed vehicles.
The electric vehicle industry in China is the largest in the world, accounting for around 58% of global production of electric vehicles (EVs) [1] and more than 1.5 million exports in 2023. [2] In 2023, CAAM reported China had sold 9.05 million passenger electric vehicles, consisting 6.26 million BEVs (battery-only EVs) and 2.79 million PHEV ...
China filed a World Trade Organization complaint against the U.S. on Tuesday over what it says are discriminatory requirements for electric vehicle subsidies. The Chinese Commerce Ministry didn't ...
On February 2, 2024, Evergrande Auto issued an announcement that Evergrande Auto and Founder will study whether to proceed with the proposed transaction, involving the proposed transfer of the outstanding balance owed to China Evergrande Group, The related transactions and special transactions of Xu Jiayin and Xinxin in which the relevant loans ...
The China Light-Duty Vehicle Test Cycle (CLTC) (Chinese: 中国轻型汽车行驶工况; pinyin: Zhōngguó qīngxíng qìchē xíngshǐ gōng kuàng) is a driving cycle standard introduced by the government of China to measure the energy consumption, driving range and emissions of light-duty vehicles, including both internal combustion engine (ICE) vehicles and electric vehicles (EV).
The European bloc announced last month it was imposing import duties of up to 35% on electric vehicles from China, alleging the Chinese exports were unfairly undercutting EU industry prices.