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EU Reduces Import Duties on Tesla’s China-Made EVs

The European Commission has significantly reduced the import duty on Tesla vehicles manufactured in China, potentially paving the way for a surge in sales across the region. Chinese EV exports to the EU experienced a sharp decline in response to the proposed tariffs. The EU has slashed an additional tariff on Tesla electric vehicles (EVs)…

ByPexecoAugust 21, 20240Comments

Stocks

BYD may overtake Tesla to become the biggest EV seller in Europe

The Chinese carmaker BYD reported record sales in the second quarter, likely overtaking Tesla to become the biggest electric car seller globally, particularly in Europe and China. The largest Chinese carmaker, BYD, reported a record number of new energy vehicles (NEVs) in the second quarter, including pure electric vehicles (EVs) and plug-in hybrid cars (PHEVs).…

ByPexecoJuly 17, 20240Comments

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EU Reduces Import Duties on Tesla’s China-Made EVs