Chinese firms eye Morocco as way to cash in on US electric vehicle subsidies

Chinese firms eye Morocco as way to cash in on US electric vehicle subsidies

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US After the United States passed new subsidies designed to boost domestic electric vehicle production and cut into Beijing’s supply chain dominance, Chinese manufacturers began investing in an unlikely place: Morocco. In the rolling hills near Tangiers and in industrial parks near the Atlantic Ocean, they have announced plans for new factories to...
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EU probe into Chinese electric vehicle subsidies stirs debate over ‘unfair’ treatment

EU probe into Chinese electric vehicle subsidies stirs debate over ‘unfair’ treatment

The European Union’s decision to increase tariffs on Chinese electric vehicles has triggered a debate about whether the country is being unfairly singled out. China is not alone in subsidising its domestic industry, but critics say the scale of its subsidies sets it apart. However, one Chinese economist defended state support for EVs, saying Brussels has not understood the thinking behind them. Trade tensions between the two sides escalated this month after the EU announced punitive tariffs of...
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“Ban Chinese electric vehicles now,” demands US senator

“Ban Chinese electric vehicles now,” demands US senator

BYD in the crosshairs — China’s EV industry benefits from billions of dollars in government subsidies. Jonathan M. Gitlin – Apr 12, 2024 3:46 pm UTC Enlarge / BYD electric cars stand at a BYD dealership on April 05, 2024, in Berlin, Germany. BYD, which stands for Build Your Dreams, is a Chinese manufacturer that went from making solar panels to electric cars. The company is seeking to gain a foothold in the German auto market. Sean Gallup/Getty Images Influential US Senator Sherrod...
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