While masses of new electric cars are hitting the roads in China, many older battery models are nearing the end of their lives. If an EV battery falls below 70 percent of its capacity, it must be replaced. At first, a second life awaits, for example as battery storage. However, at some point, it really […]
The European Chamber of Commerce in Beijing published a position paper in September that painted a gloomy picture of the sentiment of EU companies. It concluded that companies in China were at a “tipping point.” The reasons for this are challenges such as the flagging economy, regulatory hurdles and a politicized business environment.Amelie Richter took […]
According to insiders, the Chinese car manufacturer Chery has started using former Volkswagen, Mercedes-Benz and Nissan plants to assemble its vehicles, five people familiar with the matter told Reuters. Vehicles rolling off the production lines include the Tiggo SUV and Chery’s Exeed brand.According to Mikhail Pogonov, responsible for Chery vehicles at car dealer ASC, the […]
According to state media reports, former Deputy Central Bank Governor Fan Yifei has been sentenced to death for bribery. A court in Huanggang, Hubei, will commute the death sentence to life imprisonment after two years, with no possibility of commutation or parole. Fan was placed under investigation by Chinese authorities in late 2022, and was […]
China’s Foreign Ministry on Thursday announced it had imposed sanctions on three US military-linked firms and ten senior executives over US weapons sales to Taiwan.The steps taken against the firms, including Edge Autonomy Operations LLC, Huntingdon Ingalls Industries Inc and Skydio Inc, became effective on Thursday and will freeze any property within China, the Foreign […]
Ms. Vasselier, what do you think of the current customs decision on electric cars from China?First of all, it’s a good day for Europe! We managed to pass the tariffs, which means that we’ve managed to be more consequential vis-à-vis China. We’ve shown that Europe can respond to the distortions created by China. These measures […]
Green hydrogen is an important pillar of the energy transition. It is produced using so-called electrolyzers, more than half of which come from China. Unsurprisingly, as is so often the case, Chinese technology is offered at lower prices.Therefore, the EU Commission now plans to restrict the use of Chinese electrolyzers in Europe. “It is assessed […]
Mercedes-Benz CEO Ola Källenius has met Zheng Shanjie, Chairman of the National Development and Reform Commission – the main supervisory authority for China’s economic development – in Beijing. In a statement, Zheng expressed hope that Mercedes-Benz would play an active role in creating a favorable environment for automotive cooperation between China and the European Union.The […]
In his speech at the UN General Assembly in New York on Saturday, China’s Foreign Minister Wang Yi presented his country as a mediator in international conflicts. Wang Yi said that China was playing a greater role in global governance than ever before. In the approximately 20 minutes of his speech, Wang also touched on […]
China’s largest EV manufacturer, BYD, has recalled 100,000 cars due to a fire risk caused by a design flaw, according to the online portal CNEV Post. The cars in question are Dolphin and Yuan Plus models. The recall was announced on the website of China’s State Administration for Market Regulation.The affected cars were manufactured between […]