European Union's Crucial Vote on EV Tariffs Amidst Chinese Commerce Minister's Discussions

Impending Vote on EV Tariffs: Key Developments

On October 4, European Union's 27 member states will convene to vote on imposing harsh tariffs of up to 35.3% on Chinese-manufactured electric vehicles. This development is crucial as it may alter trade dynamics between the EU and China.

Malaysia's Strategic Approach to EV Industry

Investment, Trade and Industry Minister Tengku Zafrul Aziz emphasizes that Malaysia must maintain an open stance in its electric vehicle strategy amidst rising global trade tensions. This approach may secure investments and sustain competitiveness for local manufacturers.

Hozon's IPO and Export Intentions

Hozon New Energy Automobile is reportedly advancing its Hong Kong IPO efforts, spurred by favorable market conditions. This initiative aims to bolster its export capabilities and compete effectively in various international markets.

Record Sales by Chinese EV Makers

• Five prominent Chinese EV makers have set remarkable sales records in September through aggressive discounting strategies.
• Companies like BYD, Leapmotor, Li Auto, Xpeng, and Zeekr led the charge with unprecedented monthly delivery figures.

The Tesla-China Battle for ADAS Supremacy

As self-driving technology evolves, the rivalry between Tesla and Chinese manufacturers intensifies, focusing on advanced driver assistance systems (ADAS) as a pivotal selling point.

Commerce Minister's Dialogue on EV Tariffs

Wang Wentao, China’s Commerce Minister, is set to converse with his US counterpart, Gina Raimondo, about the implications of US restrictions on electric vehicles, shedding light on international trade negotiations.

Chinese EV Exporters Facing Market Challenges

Chinese car manufacturers are grappling with a price war, not just domestically but globally, with dealers urging governmental action to stabilize pricing pressures.