Another day, another deeper understanding of the conversations going on behind closed doors as China and the EU approach the negotiating table as they toe the lines of a looming trade war surrounding vehicle imports and anti-subsidy probes of Chinese EVs.
June has been a noteworthy month for global EV market news, as nearly every day, we are delivered a new chapter in an ongoing saga of a looming trade war between China and the European Union.
The dispute between the two global markets began last fall when the EU Commission announced an anti-subsidy probe to determine if Chinese-made EVs imported into Europe were given an unfair advantage due to state-backed funds.
As part of the probe, the EU Commission requested information from several Chinese automakers selling their EVs in Europe, including names like NIO, BYD, XPeng, and state-owned SAIC. Even before the probe results were shared, the EU began threatening tariffs, after the US announced it would quadruple duties on Chinese imports from 25% to 100%.
In retaliation, China threatened tariffs on European imports up to 25%, particularly on gas vehicles from German automakers and other industries. Before sharing its results, the European Commission argued that three Chinese EV automakers, including SAIC, had yet to supply adequate information to the anti-subsidy probe and as a result, would face the highest tariffs (38.1%) on imports.
Across the world, China’s Ministry of Commerce is painting a different picture, calling the requested details of the EU’s anti-subsidy probe of Chinese EVs “unprecedented,” comparing the probe to espionage.
Chinese deem anti-subsidy EV questions spy-like
Per Reuters, China’s Ministry of Commerce has spoken out about the EU’s anti-subsidy probe on EV imports, calling the detailed information demanded from Chinese automakers “unprecedented.”
In a local news conference in China earlier today, Commerce Ministry spokesperson He Yadong said the EU Commission “mandatorily required” Chinese automakers to share advantageous information regarding sourcing raw materials for batteries, manufacturing components, developing sales channels, and their respective pricing.
When asked whether the EU Commission was using the anti-subsidy probe to spy on Chinese EV automakers, Yadong said the following:
The type, scope, and quantity of information collected by the European side was unprecedented and far more than what is required for a countervailing duties investigation.
State media CCTV is pushing a similar “spy” narrative against Brussels following an article posted Wednesday. During today’s news conference, Yadong also said that the EU’s claims that Chinese car companies like SAIC did not fully cooperate are “groundless.”
With Beijing working with European automakers to ease or stop the incoming EV tariffs and the Chinese state media accusing the EU Commission of spying, we appear to have moved beyond brinkmanship and into a potential trade war.
In addition to its own threatened tariffs on EU vehicles imported into China, Beijing has also launched a dumping investigation into EU pork imports, further raising tensions. Meanwhile, Chinese EV automakers who obliged the anti-subsidy EV probe have spoken out against the tariffs but are not wavering on their expansions in the EU markets, no matter what.
Companies like NIO have expressed confidence that they will continue to expand and sell well in Europe, whether they pay duties on each EV import or not.
The EU’s tariffs are expected to take effect on July 4, 2024. This story remains ongoing.
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On today’s informative episode of Quick Charge, we’ve got Honda engineers Jason Hwang and Emilio Sanchez to talk us through some of the things that make the GM Ultium-based Honda Prologue EV feel like a real Honda, and why that matters.
Jason and Emilio talk about some of the choices they made to make the Honda Prologue and Acura ZDX feel different from its GM-branded cousins, and explain why this was much more than a case of badge-engineering. Give it a listen, then let us know what you think of the Prologue and ZDX in the comments.
Today’s episode is sponsored by BLUETTI, a leading provider of portable power stations, solar generators, and energy storage systems. For a limited time, save up to 52% during BLUETTI’s exclusive Black Friday sale, now through November 28, and be sure to use promo code BLUETTI5OFF for 5% off all power stations site wide. Learn more by clicking here.
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The first EV charging hub funded by the Charging and Fueling Infrastructure (CFI) Program in the Eastern US is now online in Deerfield, Massachusetts.
The town installed the region’s first DC fast chargers (four ports), along with four Level 2 chargers, at 59 North Main Street in South Deerfield.
These new charging stations, funded with $2.46 million from the CFI program, are conveniently located near Interstate 91 in Franklin County, the most rural county in Massachusetts, which serves drivers from Connecticut up to the Canadian border.
The hub also features local and regional bus stops and designated bike lanes with secure onsite bike racks. The chargers are meant to cater to everyone: from local residents and visitors to municipal EVs and commercial vehicles that service the region’s businesses, like those in food and beverage manufacturing.
Gabe Klein, executive director of the Joint Office of Energy and Transportation, sees this as a model for future projects:
Multi-modal charging hubs in communities are key to giving more people the choice to ride and drive electric. The Town of Deerfield is showing leadership in building out convenient charging infrastructure that brings new transportation choices to rural and disadvantaged communities while supporting local commerce.
In recent years, Deerfield has experienced increased climate change-driven flooding from nearby rivers, including the Deerfield River, the Connecticut River, and the Bloody Brook. The project incorporates environmental engineering designed to mitigate and adapt to the effects of flooding and climate, including the installation of permeable asphalt and rain gardens, planting of native trees, grasses, and shrubs, and the creation of new greenspace in the center of Deerfield.
The Biden-Harris administration’s CFI Grant Program is expanding EV infrastructure nationwide. It offers grants for projects that complement and expand upon the initiatives of the NEVI program in urban, rural, and disadvantaged and low-income communities. So far, the CFI Grant Program has allocated over $1 billion to nearly 100 projects across the US, encouraging private investments and expanding the EV charging network to make EV ownership more practical and convenient.
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Kia’s upcoming EV4 electric sedan was just spotted testing in the US for the first time. The low-cost EV is expected to make its big debut by the end of the year. Here’s a look at the new model.
The EV4 will round out Kia’s new “EVs for all” master plan launched last year. Kia showcased three new models, the EV3, EV4, and EV5, during its first annual EV Day in October 2023.
During the event, Kia outlined its new global strategy to “lead and accelerate the EV revolution” with a wide range of models priced from $30,000 to $80,000.
Kia plans to rapidly expand its lineup with a series of smaller, lower-priced models. It launched the EV9, its first three-row electric SUV, which is already proving to be a hot seller in the US. Starting at under $55,000, the EV9 is still a great deal compared to others in its class, but Kia plans to go even lower.
The EV3 and EV4 are expected to be among the most affordable electric vehicles when they arrive in the US.
Kia’s new EV4 is now testing in the US
Ahead of its official debut, Kia’s new EV4 sedan was recently caught driving on US streets for the first time.
The latest image from KindelAuto doesn’t reveal much more than what’s been shown in the past, but the fact that it’s now testing in the US is significant.
Kia’s EV3 is already on sale in Korea, starting at around $30,000 (42.08 million won). Earlier this week, the company said its new compact SUV is now available across Europe, starting at around $38,000 (36,000 euros) with a “segment-leading range” of up to 375 miles (WLTP).
Next up will be the EV4. Kia is expected to officially reveal the new EV by the end of the year, with deliveries starting in 2025. It could be as soon as next week at the 2024 LA Auto Show.
The interior will feature Kia’s advanced new ccNC infotainment system with dual 12.3″ navigation and driver display screens. An otherwise minalimalistic design is expected inside.
Kia’s EV4 will also be available in a hatchback variant. Although the hatch is likely aimed at European buyers, it was also recently spotted testing in the US for the first time.
We will learn official prices closer to launch, but the EV4 is expected to start at around $35,000 to $40,000.
Kia is teasing five new vehicles for the US, at least one being a new EV, that will debut at the LA Auto Show next week. Will it be the EV3? EV4?
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