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China’s Commerce Minister, Wang Wentao, met with Roberto Vavassori, President of the Italian Association of the Automotive Industry, in Italy on Saturday to discuss the European Commission’s (EC) tariffs on Chinese electric vehicles (EVs) and foster cooperation between China and Italy in the EV sector, according to the Ministry of Commerce (MOFCOM) on Sunday. This...
Spanish Prime Minister Pedro Sanchez has called on the European Union to reconsider its plans to impose punitive tariffs on Chinese-made electric vehicles, signaling a significant shift in Spain’s stance. Speaking during a visit to Kunshan, China, on Wednesday, Sanchez emphasized the importance of avoiding a trade war. “We don’t need another war, in this...
Xiaomi EV Revenue Surges to 6.4 Billion Yuan Xiaomi has reported a significant revenue increase from its electric vehicle (EV) division. In Q2 2024, Xiaomi’s EV revenue reached 6.4 billion yuan (US$897.8 million). This growth underscores the company’s efforts to scale production and meet its ambitious goals for the SU7 sedan. The Beijing-based tech giant...