Stellantis CEO Warns: EU Tariffs on Chinese EVs to Hasten Closure of Local Auto Plants

October 16, 2024 – Reuters reported that on the 15th local time, Stellantis CEO Carlos Tavares issued a warning: the tariffs imposed by the European Union (EU) on Chinese electric vehicles (EVs) would accelerate the closure of local automobile manufacturing plants in Europe. In Tavares’s view, imposing tariffs on Chinese EVs would compel Chinese automakers…

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Li Ke of BYD: Competition Fortifies Chinese Automakers, While European Rivals Shun It

October 12, 2024 – In an interview with German media, Li Ke, the Executive Vice President of BYD, asserted that the intense competition in the market has rendered Chinese automakers “exceptionally competitive,” whereas European automakers, on the other hand, are averting competition. Li Ke Li Ke spoke to the Frankfurter Allgemeine Zeitung’s Sunday edition regarding…

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Tesla’s Stock Tumbles 8% After ‘Historic’ Announcement; Market Cap Drops by $67 Billion

October 12, 2024 – In the local markets on October 11, Tesla’s shares plunged by 8.78%, closing at 217.8,whichresultedinamarketcapitalizationof695.79 billion. This significant drop wiped out $67 billion from the company’s valuation overnight. The preceding day, on October 10, Tesla unveiled its autonomous taxi and autonomous van models. However, due to the scarcity of detailed information,…

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