In what could be a big boost for Tesla, China will exempt the automakers’ electric vehicles (EV) from purchase tax, the Ministry of Industry and Information Technology (MIIT) said on its website.
FutureCar Staff 2019-08-30 06:30 PT
U.S. electric vehicle maker Tesla Inc will raise prices in China on Friday, earlier than planned, and is considering increasing prices again in December should Chinese tariffs on U.S.-made cars take effect.
FutureCar Staff 2019-08-26 15:15 PT
As more electric vehicles enter the market from global automakers, there are concerns about securing an ample supply of raw materials, including cobalt and lithium used in EV battery cell production. On Tuesday, U.S. lawmakers moved closer to developing a national electric vehicle supply chain policy, with senators voicing bipartisan support for legislation designed to counter China's dominance in metals production and EV battery manufacturing.
Eric Walz2019-05-15 10:00 PT
China’s State Council said on Sunday that the country would continue to suspend additional tariffs on U.S. vehicles and auto parts after April 1. The move was aimed at “continuing to create a good atmosphere for the ongoing trade negotiations between both sides”.
FutureCar Staff 2019-04-01 15:21 PT
Electric automaker Tesla is getting a big helping hand from the Chinese government to build its new Gigafactory 3 in China. State-owned Shanghai Construction Group (SCG) will build the first phase of Tesla’s assembly factory in Shanghai.
FutureCar Staff 2019-03-07 13:04 PT
State-funded Chinese news site The Paper reported on Friday that a cargo ship carrying more than 1,600 Tesla Model 3 vehicles had arrived in Shanghai. Tesla initially hoped to launch the Model 3 in China sometime in late March, so the automaker remains ahead of schedule.
FutureCar Staff 2019-02-22 17:59 PT
The U.S. Commerce Department sent its report on auto tariffs late Sunday evening to U.S. President Donald Trump, hours before the end of the 270-day deadline. The report’s recommendations can potentially lead to steeper tariffs on imported cars and auto parts.
FutureCar Staff 2019-02-18 16:43 PT
Customers in China looking to purchase a Tesla Model 3 can place their orders beginning today. Electric automaker Tesla said it will start taking orders in China for a lower-priced version of its mass-market electric car.
FutureCar Staff 2019-02-01 13:46 PT
When the Trump administration slapped a 25 percent tariff on the Chinese-made components, one of the items was the processing unit used in the Tesla Model 3. Now Tesla is seeking a tariff exemption for it.
FutureCar Staff 2019-01-07 15:55 PT
Mercedes Benz and Tesla are cutting prices on vehicles in China after Beijing and the Trump administration agreed to a 90 day truce in the ongoing trade war between the U.S. and China. The 40 percent tariff on vehicles imported from the U.S. hit electric automaker Tesla especially hard, as China is one of Tesla’s biggest markets.
Xiaoli Tian2018-12-17 17:20 PT
China will temporarily suspend additional 25 percent tariffs on U.S.-made vehicles and auto parts the finance ministry said on Friday, following a truce in a trade war between the world’s two largest economies. China agreed to suspend the tariff on 144 U.S. vehicle and auto parts.
FutureCar Staff 2018-12-14 12:41 PT
There has been some progress made in settling some of the trade tensions between the U.S. and China. The Trump administration announced that China has agreed to to reduce the import tariff on U.S. made vehicles and auto parts by 25 percent.
FutureCar Staff 2018-12-11 16:57 PT
Tesla is on a rapid pace to get its Shanghai Gigafactory up and running. The electric automaker has opened a tender process to build its Shanghai Gigafactory and at least one contractor has started buying materials.
FutureCar Staff 2018-12-06 16:08 PT
Executives from German automotive companies including BMW, Daimler and Volkswagen have been called to talks with White House economic adviser Larry Kudlow on Tuesday, a source familiar with the discussions told Reuters.
Xiaoli Tian2018-12-03 15:12 PT
U.S. President Donald Trump said China has agreed to cut import tariffs on American-made cars. At a dinner on Saturday at the G20 summit in Argentina, Trump and Chinese President Xi Jinping agreed to halt new tariffs following months of growing tensions.
FutureCar Staff 2018-12-03 12:11 PT
Electric automaker Tesla has signed an agreement with the Shanghai government for a 860,000 square meter parcel of land where the electric automaker plans to build its first overseas Gigafactory, Tesla said in a Chinese social media post on Wednesday.
Eric Walz2018-10-17 12:25 PT
Volvo Cars has postponed its planned IPO, citing ongoing trade tensions and a decline in automotive stocks. The Swedish carmaker, which is owned by China’s Geely, hoped to list its shares by the end of the year.
FutureCar Staff 2018-09-10 12:22 PT
President Trump’s escalating trade war with China has hit the automotive industry once again. The Ford Motor Company has cancelled plans to import the Focus Active, a new compact crossover it hoped to import to the U.S. market next year.
Eric Walz2018-08-31 16:56 PT
The Trump administration's tariffs on Chinese imports is threatening U.S. automaker General Motors. The detroit-based automaker is seeking to exempt the China made Buick Envision sport utility vehicle to prevent the key model in the brand’s U.S. lineup from becoming a victim of the U.S. China trade war.
Jeremy Carlton2018-08-03 17:53 PT
In a response to President Trump's ongoing trade dispute between the U.S. and China, electric automaker Tesla has raised prices of its vehicles in the Chinese market around 20 percent.
Eric Walz2018-07-09 06:15 PT
Manish KharintaFeb 17, 2020 3:30 PM PT
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Vineeth Joel PatelFeb 16, 2020 4:00 PM PT