Tesla lowers electric car prices in China
Tesla will lower the prices for the Model S and Model X in China by between 12% and 26%. The plan is to compensate for import tariffs, caused by the rift between the current U.S. administration and China. This means that Tesla’s BEVs will be more affordable in the far east.
US-China trade war to hit e-bike market with price surge
Trump could be responsible for hitting U.S. sales of electric bikes hard as pedelecs from China are included in a list of goods proposed for a 25% import tariff hike. This would drive prices up a couple of hundred dollars, potentially stifling a strong-going industry.
China drops JV requirements for foreign companies
Now it’s official, the government in Beijing has dropped the requirement for foreign car manufacturers to team up with a local joint venture partner – and sooner than expected. Specifically foreign firms making BEVs and PHEVs may begin selling in China this year.
Tesla may be hit hard as China threatens to raise taxes
As the Trump administration intensifies its trade war against China, Beijing plans to hit back with equal measures as it publishes a list of good threatened with higher tariffs. EVs are on that list and this could hit Tesla particularly hard and other U.S. importers too.