Latest Electric vehicles News

Vietnam's VinFast looks to tiny EV, priced at less than $10,000, to change its fortunes

Jun. 25, 2024 07:06 AM EDT

HANOI, Vietnam (AP) — Vietnamese automaker VinFast, for a short time the third-most valuable car company in the world, has a big problem: It just can’t sell enough cars. Idle factories bleed money and the company’s financial health is at stake. After finding the U.S. market a...

China's premier slams trade tensions as EV exports are hit by tariffs

Jun. 25, 2024 04:22 AM EDT

TAIPEI, Taiwan (AP) — Open markets and green technologies are vital for stabilizing global growth, China's premier said Tuesday, while criticizing trade tensions as he opened a conference in northeastern China. Premier Li Qiang told political and business leaders attending the...

Canada to start 30-day consultation to impose surtax on Chinese electric vehicles

Jun. 24, 2024 16:54 PM EDT

TORONTO (AP) — Canada's government is investigating whether to impose a surtax on imports of Chinese-made electric vehicles. A 30-day consultation on the issue will begin on July 2 to counter what Deputy Prime Minister Chrystia Freeland said Monday is a clear effort by Chinese...

China, EU are open to talks on plans to hike tariffs on Chinese EVs

Jun. 24, 2024 04:45 AM EDT

BANGKOK (AP) — China and the European Union are open to holding talks on the EU’s recent decision to sharply raise tariffs on imports of Chinese-made electric vehicles, officials from both sides say. China’s Commerce Ministry and Germany’s economy minister said over the...

China protests over EU move to hike tariffs on Chinese electric vehicles

Jun. 20, 2024 09:44 AM EDT

BEIJING (AP) — China’s Commerce Ministry on Thursday accused the European Union of making unreasonable demands in its investigation into imports of Chinese electric vehicles before announcing it was raising tariffs by as much as 38%. Ministry spokesman He Yadong said the European...

Fisker files for bankruptcy protection, the second electric vehicle maker to do so in the past year

Jun. 18, 2024 13:28 PM EDT

Electric vehicle maker Fisker filed for Chapter 11 bankruptcy protection, the second electric startup to do so in the last year as even industry leaders struggle to lure more buyers beyond the early adapters of the technology. Fisker Group Inc. said in a filing with the U.S....

China's premier gets a red-carpet welcome as he begins visit in Malaysia

Jun. 18, 2024 11:45 AM EDT

KUALA LUMPUR, Malaysia (AP) — China's premier received a red-carpet welcome as he arrived Tuesday in Malaysia, the last leg of a regional tour, to celebrate a half-century of diplomatic ties between the two nations. Li Qiang is the first Chinese premier to visit Malaysia since...

Hyundai to start manufacturing IONIQ 5 electric SUVs at new Georgia plant this fall

Jun. 18, 2024 09:54 AM EDT

SAVANNAH, Ga. (AP) — Hyundai Motor Group said Tuesday that it plans to begin manufacturing IONIQ 5 electric SUVs at its sprawling new plant in Georgia this fall. It was the first time the South Korean automaker has identified which model of electric vehicle it will produce at its...

China targets Europe's farmers, and not its automakers, in response to EU tariffs on electric cars

Jun. 18, 2024 08:56 AM EDT

BEIJING (AP) — The Chinese government is taking aim at European farmers instead of German automakers by launching an investigation into European Union pork imports, just days after the EU said it plans to impose provisional tariffs on China-made electric vehicles. The Commerce...

Akio Toyoda, grandson of Toyota founder, wins shareholders' approval to stay in leadership

Jun. 17, 2024 23:38 PM EDT

TOKYO (AP) — Toyota shareholders voted Tuesday in support of all the company's proposals, including keeping Akio Toyoda, grandson of the Japanese automaker’s founder, as chairman on the board. Details on the vote tallies were not immediately available. But the company confirmed...