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The high costs of new US tariffs on Chinese EVs
Published on 25/05/2024
» US President Joe Biden’s administration has just announced 100% tariffs on electric vehicles (EVs) manufactured in China, prompting Donald Trump to promise a 200% tariff on Chinese cars made in Mexico if he is elected in November. Neither policy would have notable effects on the US car market because imports of Chinese EVs are minuscule, owing to past tariffs and the anti-Chinese sentiment that has gripped the country in recent years. Nonetheless, the announcement is significant for three reasons.
The high costs of new US tariffs on Chinese EVs
Oped, Published on 25/05/2024
» US President Joe Biden’s administration has just announced 100% tariffs on electric vehicles (EVs) manufactured in China, prompting Donald Trump to promise a 200% tariff on Chinese cars made in Mexico if he is elected in November. Neither policy would have notable effects on the US car market because imports of Chinese EVs are minuscule, owing to past tariffs and the anti-Chinese sentiment that has gripped the country in recent years. Nonetheless, the announcement is significant for three reasons.
China's EV price war spreads overseas
South China Morning Post, Published on 25/05/2024
» BEIJING - A price war among Chinese electric vehicle (EV) assemblers is spreading to overseas markets as more than a dozen players look abroad to bolster sales and chase higher profits to offset losses at home.
Asian shares decline as US rate-cut hopes dim
Business, Published on 25/05/2024
» RECAP: Asian stocks tracked Wall Street lower in response to more economic data that signalled the US Federal Reserve might keep interest rates on hold for most of this year. Regional currencies also took a hit as dollar strength persisted.
Your horoscope for May 24-30
Guru, Chaiyospol Hemwijit, Published on 24/05/2024
» Your spot-on horoscope for work, money and relationship from Guru by the Bangkok Post's famously accurate fortune teller. Let's see how you will fare this week and beyond.
Group seeks gain from US-China trade war
Business, Lamonphet Apisitniran, Published on 23/05/2024
» The US recently imposed very high tariffs on Chinese products, notably electric vehicles and semiconductors, which will cause China to concentrate on expanding its EV manufacturing within Asia, with Thailand poised to become a key export hub, says the Federation of Thai Industries (FTI).
Gearing up for the new economy
Lamonphet Apisitniran, Published on 20/05/2024
» Business challenges have prompted the Federation of Thai Industries (FTI) to come up with new projects, hoping to strengthen local entrepreneurs.
China ramps up Thai EV production
Business, Lamonphet Apisitniran, Published on 18/05/2024
» More electric vehicles (EVs) sold in Thailand should be locally manufactured this year as Chinese automakers plan to produce them here from the third quarter, sourcing local materials to support their manufacturing, says the Board of Investment (BoI).
TAI and RX Tradex Host Automotive Summit 2024
Published on 17/05/2024
» Thailand Automotive Institute (TAI) in collaboration with RX Tradex is driving forward to transform the automobile industry in tackling the massive transformation towards innovative automobiles for sustainability, following the emerging growth trend seen by over 100,000 EV registrations in Thailand. Hosting as the exchange stage for new technology learning and automobile updates, the annual “Automotive Summit 2024” will be held during 19-20 June 2024 alongside the “Automotive Manufacturing” forum, part of the “Manufacturing Expo” hosted from 19-22 June 2024 at Bitec.
Lamborghini preps electric 'super car'
Business, Lamonphet Apisitniran, Published on 17/05/2024
» Automobili Lamborghini, an Italian manufacturer of luxury sports cars, plans to bring its new electric "super car" to Thailand, debuting it globally in 2028 as part of efforts to cut carbon dioxide emissions.