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☆ China's Great Wall Motor is first EV maker to respond to EU anti-subsidy probe
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +2 min

Haval cars produced by Chinese automaker Great Wall Motors are on display for sale at a dealership in Artyom near Vladivostok, Russia, March 22, 2023. REUTERS/Tatiana Meel/File Photo Acquire Licensing RightsSHANGHAI, Oct 24 (Reuters) - China's Great Wall Motor said it had formally submitted responses to the European Commission's anti-subsidy investigation of Chinese-made electric vehicles (EVs), while calling for a fair and open trade environment. Great Wall, which provided its answers to the European Commission on Oct. 11, was the first automaker to have done so, he added. Great Wall Motor plans to build a plant in Europe and Germany was one of the candidates for the site, the German publication Automobilwoche said in May. Great Wall Motor ranked eighth in terms of sales of pure electric and plug-in hybrid cars in China during the first nine months of the year, industry figures show.

Persons: Tatiana Meel, Mu Feng, Mu, Automobilwoche, Ursula von der Leyen, EVs, Zhang Yan, Brenda Goh, Clarence Fernandez Organizations: automaker Great Wall, REUTERS, Rights, Weibo, European Commission, Great, European, EV, BMW, Renault, World Trade Organization, HK, Wall Motor, Thomson Locations: Artyom, Vladivostok, Russia, China, EU, Moscow, Ukraine, Europe, Germany, Brussels, China . China

That adds to tech-related tensions between the West and China, which is one of Europe’s biggest trading partners and the world’s biggest auto market. Chinese EV makers are drawn to Europe because auto import tariffs are just 10% versus 27.5% in the U.S., independent auto analyst Matthias Schmidt said. MG — owned by SAIC Motor, China’s biggest automaker — is the largest Chinese EV player in Europe. One reason Chinese companies can offer high-quality cars at affordable prices stems from the rules to enter the Chinese market. Chinese EV makers, meanwhile, are trying to stand out in a crowded field.

Persons: Laima Springe, Janssen, “, ” Springe, I’m, ”, Matthias Schmidt, John Kirkwood, —, Kirkwood, Warren Buffett, Ursula von der Leyen, Alfa, China’s EVs, Carlos Tavares, we’re, Alexander Klose, ” Klose, Schmidt, Justin Nicholls, Nicholls Organizations: Volvo, Nissan, Skoda, Union, EV, Volkswagen Passat, Kia, MG, SAIC Motor, China’s, —, Lotus, Chinese Commerce Ministry, EU, World Trade Organization, Tesla’s, Peugeot, Citroen, Alfa Romeo, Fiat, Global, Wall Motors Locations: Copenhagen, Denmark, Europe, China, West, U.S, British, Western, France, Germany, Beijing, Shenyang, Shanghai, Israel

☆ China's Hozon to produce EVs in Thailand for Southeast Asian market
▼ + stars: | 2023-05-06 | by ( ) www.reuters.com time to read: +1 min

BANGKOK, May 6 (Reuters) - China's Hozon New Energy Automobile will make electric vehicles in Thailand for the Southeast Asian market, a Thai official said on Saturday, as it follows others in building facilities in the region's major auto production hub. Hozon signed an agreement with Thailand's Bangchan General Assembly this week to start production of its NETA V model, expected in 2024, Thai government spokesperson Tipanan Sirichana said in a statement. The EV maker launched its NETA V model in the Thai market last year and planned to start offering its NETA U and NETA S models in the near future, Tipanan said. (TSLA.O)Last month, a Thai official said China's Changan Auto (000625.SZ) would invest $285 million in a facility in Thailand. It has set a target that 30% of domestic auto production be EVs by 2030.

☆ Thailand in talks with CATL, others on potential battery plants, govt official says
▼ + stars: | 2023-05-03 | by ( Devjyot Ghoshal | ) www.reuters.com time to read: +3 min

"We are talking to many companies, not only CATL but many companies in the battery industry," said Narit Therdsteerasukdi, Secretary General of Thailand Board of Investment (BOI). CATL, the world's dominant battery supplier with a 37% market share, currently has no production facilities in Southeast Asia, its website shows. In the past few years, Thailand has drawn investments from EV companies, mainly Chinese, including Great Wall Motors and BYD Co (002594.SZ). Narit said the government's goal was to direct support and subsidies to land larger battery production facilities. CATL currently has 13 battery production hubs, 11 in China, one in Hungary and one in Germany.

☆ China's GWM taps Brazil's WEG for electric vehicle charging network
▼ + stars: | 2023-04-04 | by ( ) www.reuters.com time to read: +1 min

[1/2] EV car Good Cat by Ora, a brand by Great Wall Motors, is displayed at the Bangkok International Motor show in Bangkok, Thailand, March 22, 2022. REUTERS/Athit PerawongmethaSAO PAULO, April 4 (Reuters) - Chinese electric car maker Great Wall Motors (GWM) (601633.SS) on Tuesday said is planning to install an electric vehicle charging network in Brazil through an exclusive partnership with local motor manufacturer WEG (WEGE3.SA). The partnership involves developing "a broad network for recharging electrified vehicles at dealerships, parking lots, shopping malls and other commercial establishments," GWM said in a statement. WEG will provide the Chinese firm "electric vehicle chargers to be sold to consumers and to be installed at the automaker's dealerships," it added. ($1 = 5.0852 reais)Reporting by Alberto Alerigi Jr., editing by Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.

Stepan, 28, who has increasingly driven Chinese cars when using carsharing services, is among those that need convincing. If you want my honest opinion, the difference (with Chinese cars) is massive," he told Reuters at Moscow's Favorit Motors dealership. When buying his new Chinese car, Alexander, 74, looked for one which encompassed Swedish technology. While Chinese cars are increasingly filling the gap, the lack of reputation remains an issue, said auto industry expert Sergey Aslanyan. Chinese brands' market share reached 37.15% in January-February, up from 9.48% a year earlier, Autostat and PPK data showed.

☆ Tesla launches EVs in Thailand amid competition from cheaper brands
▼ + stars: | 2022-12-07 | by ( ) www.reuters.com time to read: +2 min

[1/5] The Tesla Model Y is covered by black cloth during Thailand Tesla's official launch event in Bangkok, Thailand, December 7, 2022. It produces about 1.5 million to 2 million vehicles annually, of which about half are exported. Customers who showed up to Tesla's launch in a luxury mall in central Bangkok said they were interested in the new cars being offered. The price differences aren't significant (from other EV brands)," said office worker Thitipun Paisirikul, 36, adding he expected the re-sale value of the car would be high. State-owned energy firm PTT Group this year announced a $1 billion joint venture with Taiwan's Foxconn to produce EVs in Thailand.

☆ Chinese carmakers target more European sales with five-star EVs
▼ + stars: | 2022-11-21 | by ( Nick Carey | ) www.reuters.com time to read: +7 min

"All Chinese EV makers want to achieve Euro NCAP five-star ratings in order to be more competitive in the European market," said Brian Gu, president of Chinese EV maker Xpeng (9868.HK). Perhaps more importantly for sales, high safety ratings also open up the potentially huge corporate car fleet market for Chinese EV makers. European carmakers are also pursuing five-star ratings for their EVs and hybrids, from BMW's (BMWG.DE) iX to Volkswagen's (VOWG_p.DE) ID.4 and ID.5. But almost half the Chinese cars sold were EVs, according to Inovev, giving them a 5.8% share of Europe's fully-electric vehicle market. Inovev vice-president Jamel Taganza said all Chinese cars sold in Europe would be EVs within a few years, with more lower-cost models on the way.

☆ Geely's Zeekr plans electric vehicle sales in Europe in 2023
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +2 min

[1/2] A Zeekr 001 electric vehicle (EV) by Geely is seen displayed at the Zeekr booth during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. REUTERS/Aly Song/File PhotoSHANGHAI, Nov 2 (Reuters) - Zhejiang Geely Holding Group's (GEELY.UL) premium electric car business plans to sell the first electric vehicle produced under the Zeekr brand in Europe next year, Zeekr's CEO said. Zeekr joins a growing list of Chinese automakers looking to launch or expand sales of electric vehicles in Europe next year, including BYD (002594.SZ), Xpeng (9868.HK) and Great Wall Motors (601633.SS). An said Geely would market its 001 electric crossover in Europe next year. The base model Zeekr 001 sells for the equivalent of $41,000 in China compared with $40,000 for the Tesla (TSLA.O) Model Y after a recent price cut.

☆ EU needs to up electric vehicle support to fend off Chinese competition, climate group says
▼ + stars: | 2022-10-16 | by ( Nick Carey | ) www.reuters.com time to read: +2 min

REUTERS/Athit PerawongmethaOct 17 (Reuters) - The European Union needs to provide more regulatory incentives for its carmakers to scale up fully electric vehicle (EV) production or risk losing market share to Chinese rivals, according to a study by climate group Transport & Environment. released on Monday, the group said that EV sales growth in the bloc had slowed, with fully-electric cars making up 11% of sales in the first half of 2022 when historical trends suggested they should have reached 13%. "The failure of EU carmakers to scale up...supply could result in foreign automakers offering affordable models and capturing a large share of the mass market in Europe," the report said. "If the EU is unable to efficiently regulate its own market, it risks losing its economic sovereignty in the automotive industry." Register now for FREE unlimited access to Reuters.com RegisterReporting By Nick Carey; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

☆ Молдова хочет привлечь китайские инвестиции в размере $1 млрд,
▼ + stars: | 2021-06-04 | by ( Super User | ) mybusiness.md time to read: +2 min

Китайские компании заинтересованы в масштабных инвестиционных проектах в энергетическом и медицинском секторах Молдовы. Посол сказал, что интерес Китая к инвестированию в Молдову растет, отчасти из-за выгодного географического положения страны, пишет mybusiness.md со ссылкой на zf.ro. Интерес Китая возник после того, как посольство Молдовы в Пекине предложило инвестиционные проекты в Молдове на сумму около 1 миллиарда долларов, что составляет около 10% ВВП Молдовы. По его словам, в Молдове благоприятная налоговая система и инвестиционные платформы, такие как свободные экономические зоны, индустриальные парки и IT-парки. В апреле 2019 года предыдущее правительство во главе с Павлом Филипом организовало двусторонний молдавско-китайский форум с участием 12 важнейших китайских компаний и 100 молдавских компаний.

Persons: Думитру Брагиш, Брагиш, Павел Филип Organizations: Balkan, China, China Sinopharm International Corporation, Wall Motors, Huawei, China Hyway, China Railway Group, Министерство экономики и инфраструктуры, Китайская корпорация зарубежное экономическое сотрудничество, Китайскоевропейская ассоциация техническое и экономическое сотрудничество Locations: China Energy, China, Молдова, Пекин, Китай, Азия, Европа, Ближний Восток, Африка

☆ Молдова хочет привлечь $ 1 млрд китайских инвестиций
▼ + stars: | 2021-06-03 | by ( Mld Media Srl | ) noi.md time to read: +2 min

Посол сказал, что интерес Китая к инвестированию в Молдову растет, отчасти из-за выгодного географического положения страны. По его словам, China Energy хочет заключить соглашение о сотрудничестве с министерством экономики и инфраструктуры Молдовы, а China Sinopharm International Corporation выразила заинтересованность в сотрудничестве с молдавской компанией для реализации проекта развития в области лучевой терапии и химиотерапии. Интерес Китая возник после того, как посольство Молдовы в Пекине предложило инвестиционные проекты в Молдове на сумму около 1 миллиарда долларов, что составляет около 10% ВВП Молдовы. По его словам, в Молдове есть благоприятная налоговая система и инвестиционные платформы, такие как свободные экономические зоны, индустриальные парки и IT-парки. В апреле 2019 года предыдущее правительство во главе с Павлом Филипом организовало двусторонний молдавско-китайский форум с участием 12 важнейших китайских компаний и 100 молдавских компаний.

Persons: Думитру Брагиш, Брагиш, Павел Филип Organizations: Balkan, China, China Sinopharm International Corporation, Wall Motors, Huawei, China Hyway, China Railway Group, Китайская корпорация зарубежное экономическое сотрудничество, Китайскоевропейская ассоциация техническое и экономическое сотрудничество Locations: China Energy, China, Молдова, Пекин, Китай, Азия, Европа, Ближний Восток, Африка

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