Electric Vehicles: China’s Rising Empire in Spain and Beyond

Wednesday, 18 September 2024, 05:30

Electric vehicles have captured significant attention in Spain and the EU as China leads the charge in this tech-driven sector. With increasing competition, the landscape for EVs continues to evolve. Recent developments highlight China's strategies, including the US House's tax credit restrictions affecting Chinese battery technology. This post delves into seven key insights that shape the current EV market landscape.
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Electric Vehicles: China’s Rising Empire in Spain and Beyond

China’s Low-Priced EVs Reign in Spain

By beating competitors on price, China’s electric vehicles have made headway in Europe’s lanes – but tariffs and trade scrutiny may slow their advance.

Germany Resists Tariffs on Chinese EVs

Germany lobbies fellow EU members to vote against tariffs on Chinese EVs, as senior EU sources suggest collaboration to prevent barriers.

US House Votes on EV Tax Credits

The US House of Representatives passed a Republican bill restricting electric vehicle tax credits, potentially jeopardizing US-China partnerships in battery technology.

EVs Outsell Oil-Guzzlers in China

For the second consecutive month, electric vehicle adoption rates in mainland China surpassed 50%, despite an overall decline in vehicle sales.

Beijing Counsels EV Makers on Investment

Chinese electric vehicle manufacturers are urged to avoid investing in India and Turkey, posing challenges for their global expansion ambitions.

Moscow’s Infrastructure Boost for EVs

Russian operator EuroTrans plans to equip the China-Russia expressway with charging stations, encouraging EV imports from China.

Alibaba’s Virtual Test Drives

Alibaba’s Taobao app showcases a new feature allowing users to virtually test drive Xiaomi’s SU7 electric vehicle through Apple’s Vision Pro headset, highlighting innovation in customer engagement.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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