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<keyword id="4233468" type="General" weightage="80" keywordseo="mg-motor-india" source="Orion">MG Motor India</keyword> on Wednesday said it plans to offer majority stakes to local partners over the next 2-4 years as part of a five-year business roadmap in the country. <keyword id="5287148" type="General" weightage="100" keywordseo="mg-motor" source="Orion">MG Motor</keyword> is a British brand which is currently owned by China's largest automaker <keyword id="317281" type="General" weightage="20" keywordseo="saic-motor-corp-" source="Orion">SAIC Motor Corp.</keyword> The automaker, which has lined up Rs 5,000 crore to expand operations in the country by 2028, has been looking to raise capital for sometime now to fund its next phase of growth. The company's plans to bring in more capital to the country from its Chinese parent have not been successful so far. As per industry sources, the automaker has been waiting for government approval for around two years now and has therefore started looking for other options to raise capital. Elaborating on its roadmap, the company said it has plans to set up its second manufacturing plant in the country, taking its installed capacity to 3 lakh units per annum and roll out new products for the domestic market, including electric vehicles, as part of its five-year business roadmap in the country. The company currently rolls out products from its manufacturing plant in <keyword id="6389723" type="General" weightage="20" keywordseo="halol" source="Orion">Halol</keyword>, Gujarat, which it had acquired from <keyword id="4581" type="General" weightage="50" keywordseo="general-motors" source="Orion">General Motors</keyword>. The Halol plant can produce up to 1.2 lakh units per year. The automaker said it aims to launch 4-5 new cars in the country, with a focus on EVs. The company expects its EV portfolio to contribute up to 65-75 per cent of total sales in <keyword id="3658" type="General" weightage="80" keywordseo="india" source="Orion">India</keyword>, it noted. The automaker said it is also exploring setting up cell manufacturing and hydrogen fuel-cell technology through joint ventures or third-party manufacturing. With expansion plans in place, the automaker aims to have a total workforce of 20,000 by 2028. "The company's unwavering dedication to India is deeply ingrained in our <keyword id="16833980" type="DOMAIN" weightage="20" keywordseo="ethos" botkeyword="" source="ET" sourcekeytype="COMPANY" meta.keywordsubtype="EQ" meta.aliasname="ethos" meta.entityname="Ethos Ltd." meta.entityid="23844" meta.seoname="ethos-ltd">ethos</keyword>. As we pave the way for our next phase of sustainable growth, we have outlined a clear roadmap and vision for 2028. Our growth strategy is centred around strengthening localisation, aligning more closely with the government's 'make in India' initiative while innovatively augmenting our promise consistently, and diligently meeting the evolving needs of the market," MG Motor India CEO <keyword id="17374417" type="General" weightage="50" keywordseo="emeritus-rajeev-chaba" source="Orion">Emeritus Rajeev Chaba</keyword> stated. He further said that the automaker is committed to making a positive impact on society. Chaba also highlighted the company's focus on promoting gender diversity. The company said it aims to train 1,00,000 students under its 'MG Nurture' programme. The students will be trained in EV, <keyword id="2572482" type="General" weightage="50" keywordseo="adas" source="Orion">ADAS</keyword> and connected car technologies. MG Motor India sells models like <keyword id="1027495" type="General" weightage="50" keywordseo="hector" source="Orion">Hector</keyword>, Astor, <keyword id="1218145" type="DOMAIN" weightage="20" keywordseo="gloster" botkeyword="" source="ET" sourcekeytype="COMPANY" meta.keywordsubtype="EQ" meta.aliasname="gloster" meta.entityname="Gloster Ltd." meta.entityid="12267" meta.seoname="gloster-ltd">Gloster</keyword> and ZS EVs in the market. It recently introduced a small EV, Comet, in the domestic market. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/sports/news/top-10-fastest-fifties-in-ipl-history/slidelist/100126211.cms">Top 10 fastest fifties in IPL history</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/investment/news/investment-supertrends-2023-ai-to-digitalisation-and-green-energy/articleshow/100126382.cms">AI to digitalisation and green energy: Supertrends defining investment for today and the future</a>

MG Motor India plans to dilute majority stakes to local partners

<ul class="summary-list"><li><keyword id="4581" type="CITY" weightage="60" keywordseo="general-motors">General Motors</keyword> has released a new range for its best-selling Hong Guang Mini EV in China.</li><li>The car now comes in three pastel shades, and the Mini EV Cabrio convertible is planned for 2022.</li><li>Sales of the Mini EV were reportedly nearly double that of <keyword id="107096" type="COMPANY" weightage="60" keywordseo="Tesla">Tesla</keyword>'s Model 3 in China during January.</li></ul>General Motors (GM) has released new, colorful versions of China's best-selling electric car, the tiny Wuling Hong Guang Mini EV.State-backed SAIC-GM-Wuling, a company partly owned by GM, on Monday showed off models of the Mini EV Macaron, which is 115 inches, or 9.6 feet, long, and comes in three pastel colors: yellow, pink and green.It's available to buy in China now for between $5,775 and $6,700. The <a href="https://www.businessinsider.com/tesla-model-3-saic-motor-hong-guang-electric-vehicle-china-2021-2#:~:text=This%20%244%2C500%20electric%20car%20is,by%20almost%20two%20to%20one&amp;text=Sales%20of%20SAIC%20Motor's%20budget,and%20costs%20less%20than%20%244%2C500.4%2C500.">regular Mini EV costs $4,400</a>.<div type="image" title="Models of the new Hong Guang Mini EV Macaron" height="2000" width="3000" msid="82186523" hostid="261"></div>The model has <a href="https://media.gm.com/media/cn/en/gm/home.detail.html/content/Pages/news/cn/en/2021/Apr/0409-wuling-mini-ev-macaron.html">extra safety features</a> compared to the regular Mini EV, including a sound that plays when it travels at low speed to warn nearby pedestrians. It can reach a top speed of 63 mph and travel up to 105 miles per charge, <a href="https://edition.cnn.com/2021/04/19/success/gm-wuling-hong-guang-cabrio/index.html">CNN reported</a>. <div type="image" title="Mini EV Macaron" height="2000" width="3000" msid="82186525" hostid="261"></div>SAIC-GM-Wuling also unveiled a new convertible version, the Mini EV Cabrio, which will start production in 2022. It doesn't yet have a price.<div type="image" title="Mini EV Cabrio" height="2000" width="3000" msid="82186526" hostid="261"></div>China is the world's largest car market. <a href="https://www.businessinsider.com/tesla-model-3-saic-motor-hong-guang-electric-vehicle-china-2021-2">Demand for electric vehicles surged last year</a>, and the region made up <a href="https://www.businessinsider.com/why-china-loves-tesla-elon-musk-2020-5">more than a fifth of Tesla's revenue</a>. Chinese EV start-up Nio said its <a href="https://ir.nio.com/news-events/news-releases/news-release-details/nio-inc-provides-december-fourth-quarter-and-full">sales doubled</a> in 2020. GM said that 270,000 Hong Guang Mini EVs had been sold since its July 2020 release, in part thanks to its modest $4,400 starting price. It is outselling Tesla's Model 3 by nearly two to one, the <a href="https://www.bbc.com/news/business-56178802">BBC reported</a>. <div type="image" title="Tesla Model 3" height="3648" width="5472" msid="82186533" hostid="261"></div>The cheapest version of Tesla's Model 3 sells for <a href="https://www.tesla.cn/model3/design#overview">$39,000</a>, more than eight times the price of the Mini EV. Still, Tesla doubled its China sales to <a href="https://www.sec.gov/Archives/edgar/data/1318605/000156459021004599/tsla-10k_20201231.htm">$6.66 billion</a> in 2020.

GM showed off new, colorful versions of its tiny sub-$6,000 electric cars that outsell Teslas in China. Take a look.

<ul class="summary-list"><li>Sales of <keyword id="64310" type="CITY" weightage="60" keywordseo="SAIC">SAIC</keyword> Motor's budget EV were almost double that of <keyword id="107096" type="COMPANY" weightage="60" keywordseo="Tesla">Tesla</keyword>'s Model 3 in <keyword id="1334" type="COUNTRY" weightage="60" keywordseo="China">China</keyword> in January, the BBC reported.</li><li>The four-seat Hong Guang Mini has top speeds of 62 mph and costs less than $4,500.</li><li>China, the world's largest car market, is seen as crucial to Tesla's future.</li></ul>State-owned Chinese automaker SAIC Motor is reportedly massively outselling Tesla in the country with its <keyword id="6354973" type="UNKNOWN" weightage="60" keywordseo="electric-vehicles">electric vehicles</keyword> that sell for just 28,800 yuan ($4,465).SAIC Motor sold 25,778 Hong Guang Minis in China in January, compared to 13,843 sales of Tesla's Model 3, the <a href="https://www.bbc.co.uk/news/business-56178802">BBC reported</a>, citing data from the China Passenger Car Association (CPCA).China, which is <a href="https://www.businessinsider.com/why-china-loves-tesla-elon-musk-2020-5">the world's largest car market and accounts for more than a fifth of Tesla's revenue,</a> is ramping up its efforts to boost electric vehicle sales as it tackles the country's pollution problem.The four-seat Hong Guang Mini, which has top speeds of 62 mph and an estimated cruising range of 120 miles, is being made as a joint venture between SAIC Motor, Liuzhou Wuling Motors, and General Motors.<div type="image" title="SAIC GM" height="2878" width="3838" msid="81210115" hostid="261"></div>Its sales could make it the second-best-selling electric car in the world after Tesla's Model 3, the BBC reported.The cheapest version of Tesla's Model 3 in China costs more than eight times than the Hong Guang Mini's entry-level model.Tesla began selling its <a href="https://www.tesla.cn/model3/design#battery">249,900 yuan</a> (just under $39,000) Shanghai-made Model 3 vehicles <a href="https://www.businessinsider.com/tesla-begins-deliveries-of-china-made-model-3-cars-2019-12">in December 2019.</a>The company is trying to make a more affordable electric car.In September, <a href="https://www.businessinsider.com/tesla-battery-day-elon-musk-promises-25000-autonomous-electric-ev-2020-9">CEO Elon Musk said the company would make a $25,000 "fully autonomous" electric car</a> in three years.The head of <a href="https://www.businessinsider.com/tesla-to-start-designing-cars-china-electric-car-market-2021-2021-2">Tesla China</a> said the company's <a href="https://www.businessinsider.com/tesla-to-start-designing-cars-china-electric-car-market-2021-2021-2">Shanghai research and development center</a>, where it will develop the vehicle, would be running by the end of 2021.Tesla started deliveries of its <a href="https://www.businessinsider.com/tesla-starts-model-y-production-shanghai-china-reduces-price-2021-1">Shanghai-made Model Ys</a> in January after reducing the pre-order price by 30%.The Hong Guang Mini isn't Tesla's only rival in China.As demand for electric vehicles has grown in the country, thanks in part to generous government subsidies, Chinese start-ups Nio, Li Auto, and Xpeng all announced surging sales in 2020.<a href="https://ir.nio.com/news-events/news-releases/news-release-details/nio-inc-provides-december-fourth-quarter-and-full">Nio</a> and <a href="https://ir.xiaopeng.com/news/news-details/2021/Xpeng-Announces-Vehicle-Delivery-Results-for-December-2020/default.aspx">Xpeng</a> have both said their sales doubled in 2020 compared with 2019, and <a href="https://www.globenewswire.com/news-release/2021/01/02/2152232/0/en/Li-Auto-Inc-December-2020-Delivery-Update.html">Li Auto</a> sold 32,624 cars in 2020, its first full year of trading.Tesla has also come under scrutiny from Beijing. <a href="https://www.businessinsider.com/chinese-regulators-call-in-tesla-over-customer-complaints-2021-2">Government officials met company representatives</a> in February after reports about <a href="https://www.businessinsider.com/tesla-model-3-fire-shanghai-battery-damage-chinese-media-report-2021-1">battery fires</a>, unexpected acceleration, and failures in software updates.Wedbush analyst Daniel Ives has said Tesla <a href="https://markets.businessinsider.com/news/stocks/tesla-stock-price-one-million-cars-by-2022-china-demand-2020-12-1029925807">could sell 1 million vehicles in China in 2022 because of "eye popping demand" in the country</a>, which <a href="https://www.businessinsider.com/why-china-loves-tesla-elon-musk-2020-5">could account for 40% of its global sales</a>.The country is the "heart and lungs" of Tesla's demand growth, he added.In 2020, around 21% of its revenue came from China, Tesla wrote in an <a href="https://www.sec.gov/Archives/edgar/data/1318605/000156459021004599/tsla-10k_20201231.htm">SEC filing</a>, and the company's sales in China <a href="https://www.sec.gov/Archives/edgar/data/1318605/000156459021004599/tsla-10k_20201231.htm">more than doubled to $6.66 billion that year.</a>Do you have a tip you want to share? Contact Grace Dean via email (gd ean@insider.com). Always use a nonwork email.

This $4,500 electric car is reportedly outselling Tesla's Model 3 in China by almost two to one

<ul><li>Chinese car manufacturers Great Wall Motor (GWM) and <keyword id="8533178" type="COMPANY" weightage="20" keywordseo="FAW-Haima">FAW Haima</keyword> showcased their first vehicles for the Indian market in the Auto Expo 2020. </li><li>The news came after China’s car sales <a href="https://www.ft.com/content/fd99301a-35f2-11ea-a6d3-9a26f8c3cba4">tumbled</a> for the second year in a row, analysts are unsure of the recovery. </li><li>HS Markit estimated India to take over Japan by 2025 and become the world’s third-largest car market after China. </li></ul>As if 10 months of straight fall in <a href="https://www.livemint.com/auto-news/india-auto-sales-decline-for-10th-straight-month-worst-slump-in-two-decades-1568010510610.html">Indian auto sales</a> was not enough, car markers like Maruti and Mahindra are now faced with a rush of Chinese peers driven to India by Beijing's one-car policy. Chinese car manufacturers Great Wall Motor (GWM) and FAW Haima showcased their first vehicles in India at the Auto Expo in February. FAW Hamina will also be launching FAW Haima 8S, a mid-size SUV in India. Chinese manufacturer <keyword id="142901" type="COMPANY" weightage="20" keywordseo="SAIC-Motor">SAIC Motor</keyword> has been selling MG cars in India for the last one year. Another Chinese brand BYD Auto which makes electric buses in India has also announced plans of launching electric vans. This will bring a new phase of competition in the Indian car market, <a href="https://www.motilaloswal.com/site/rreports/HTML/637169279782980001/index.htm">said</a> Motilal Oswal brokerage. Currently, Japanese joint venture <keyword id="44883" type="DOMAIN" weightage="20" keywordseo="Maruti-Suzuki">Maruti Suzuki</keyword> and South Korea’s Hyundai dominate the Indian market. Added to that, the market is also replete with German and other foreign automakers like Ford, Skoda, Renault and Audi. And these existing market players too had to resort to price cuts and other measures to clear their inventory ahead of a change in emission regulation would make BSIV cars irrelevant to the market. The Indian government has decided to disallow the sale of cars that do not cater to BSVI norms by April 2020. 
 
 
 
 <div type="image" title="Models pose next to Great Wall Motors (GWM) GWM R1 electric car at its pavilion at the India Auto Expo 2020 in Greater Noida" msid="74330292" hostid="261" caption="&amp;lt;p&amp;gt;Models pose next to Great Wall Motors (GWM) GWM R1 electric car at its pavilion at the India Auto Expo 2020 in Greater Noida, India, February 5, 2020. REUTERS/Anushree Fadnavis&amp;lt;/p&amp;gt;"></div>









 In spite of a sales slowdown, the demand however is higher for those cars which comply with changed emission norms. MG Hector belongs to this category. Both its launches were successful as the bookings crossed 50,000 units in eight months since its launch. Another recent entrant is the South Korea-based Kia Motors, which debuted with Kia Seltos, a mid size SUV in August 2019. Seltos became another hot seller that gave tough competition to Hector. And now, Kia has launched its second car in the market – Kia Carnival. Kia’s cars too are BSVI compliant. 
 
 
 
 <div type="image" title="Greater Noida: A model poses beside Maruti Suzuki&amp;#39;s Celerio during the Auto Expo..." msid="74330334" hostid="261" caption="&amp;lt;p&amp;gt;A model poses beside Maruti Suzuki&amp;#39;s Celerio during the Auto Expo 2020 in Greater Noida.Photo/Ravi Choudhary)(&amp;lt;/p&amp;gt;"></div>









 Chinese auto giants need India A new market is necessary for Chinese car makers as their sales <a href="https://www.ft.com/content/fd99301a-35f2-11ea-a6d3-9a26f8c3cba4">tumbled</a> for the second year in a row. A reason for the declining sales could be Beijing’s one-car policy. Several Chinese cities over the last few years introduced a quota on car ownership, which limits the number of new cars registered in the city during a year. It also states that only one car can be registered locally per person. According to the China Association of Automobile Manufacturers, the sales dropped almost 8.2% to 25.8 million vehicles in 2019. Puneet Gupta, an analyst at <keyword id="3534353" type="COMPANY" weightage="20" keywordseo="ihs-markit">IHS Markit</keyword>, told <a href="https://www.ft.com/content/cdd17dc6-5314-11ea-8841-482eed0038b1">FT</a>, “They have been planning their India entry strategy for years. Finally, we are now seeing a lot of action.” IHS Markit estimated that India will overtake Japan by 2025 to become the world’s third-largest car market after China. And China is keen on reaching out to this emerging market. GWM unveiled its Haval brand of a sport utility vehicle (SUV) and vehicle concept 2025 during the Auto Expo 2020. It also plans to invest around ₹7,000 crore in India in manufacturing plants, vehicle research and development, production of power batteries and electric drives, vehicle and component manufacturing. They are also ready for the regulatory challenges that the market presents. “With the BS-VI kicking in we need to gauge the sentiment. We are preparing for that as we have 10 global Research &amp; Development centres that equip us to prepare anything and everything that is required to bring and make it successful in India,” Hardeep Singh Barar, sales director at GWM told <a href="https://auto.economictimes.indiatimes.com/news/passenger-vehicle/cars/etauto-original-great-wall-motor-to-bring-electric-suv-under-haval-brand-to-india/74167013">ET Auto</a>. SEE ALSO: <a href="https://www.businessinsider.in/slideshows/miscellaneous/these-are-the-16-most-unreliable-car-brands-for-2020/slidelist/74326626.cms">These Are The 16 Most Unreliable Car Brands For 2020</a> <a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-from-maruti-suzuki-in-india/articleshow/74316659.cms">Upcoming cars from Maruti Suzuki in India</a>

Maruti, Mahindra and the likes have a new battle to fight – the growing Chinese competition amidst slowdown

After alleged territorial incursion, China is slowly, but definitely invading the major driver of <keyword id="6356076" type="UNKNOWN" weightage="100" keywordseo="indian-economy">Indian economy</keyword>, <keyword id="46431" type="CITY" weightage="100" keywordseo="India-Inc">India Inc</keyword>. That said, this time it is good news for the country. Though China became India’s largest trading partner in 2008, it is only now that the <keyword id="6362476" type="ORGANIZATION" weightage="100" keywordseo="investments">investments</keyword> have started flowing into the country. News of plans of Chinese companies to invest $5-10 billion into the country is good news indeed, given the <keyword id="44528" type="ORGANIZATION" weightage="100" keywordseo="FDI">FDI</keyword> by Chinese companies into India during the last decade and a half was less than $ 1.5 billion. Starting this year, the spate of announcements proves that China is on an investment high. Wanda, China's largest commercial <keyword id="6354553" type="COMPANY" weightage="100" keywordseo="real-estate">real estate</keyword> developer, announced investment worth $10 billion in Haryana. <keyword id="64310" type="CITY" weightage="100" keywordseo="SAIC">SAIC</keyword> Motor, China's largest carmaker, proposed to buy GM's Gujarat facility. About 100 small and medium Chinese enterprises have promised investments worth $1 billion. The Chinese incursion has been the best news so far for the start-ups as a major part of these Chinese investments flowed in this sector last year. From Alibaba’s investment in <keyword id="6357120" type="UNKNOWN" weightage="100" keywordseo="PayTM">Paytm</keyword> and <keyword id="541988" type="COMPANY" weightage="20" keywordseo="SnapDeal">Snapdeal</keyword> to Didi Kuaidi’s investment in <keyword id="6354720" type="PERSON" weightage="100" keywordseo="Ola">Ola</keyword>, Chinese companies are fast recognising the potential of this sector. The year kickstarted with China's online travel company Ctrip picking up a strategic stake in Makemytrip and Baidu starting discussions with internet startups. This comes after Alibaba's high profile investments in Snapdeal and Paytm last year. Another Chinese internet giant Tencent Holdings, also entered the field with investments on Bangalore-based healthcare startup <keyword id="1165142" type="UNKNOWN" weightage="100" keywordseo="Practo">Practo</keyword> last year. They are also targeting large cap stocks. State Administration of <keyword id="6368276" type="COMPANY" weightage="100" keywordseo="Foreign-exchange">Foreign Exchange</keyword> (SAFE), a fully-owned subsidiary of People's Bank of China recently invested in some of India's pedigree large cap stocks. 

	These investments point towards the country’s growing affiliation towards its neighbour. So much so that many Indian companies are eyeing Chinese investments to top their US investments. Is this a start towards a better future of the bittersweet relation these two countries share!
 

	Have a complete look at the journey here.

	 
	 
	(Image credits: indiatimes)

The Chinese invasion of India Inc

<ul class="summary-list"><li>SAIC Motors faces a 36.3% tariff from the EU for non-cooperation and unfair subsidization.</li><li>The EU accused SAIC of not providing relevant documents, leading to a higher tariff than peers.</li></ul>A Chinese electric vehicle maker faces an <a target="_blank" class="" href="https://www.businessinsider.com/chinese-ev-companies-hit-with-new-tariffs-in-the-eu-2024-6">especially harsh tariff</a> compared with its peers. The European Union said state-owned SAIC Motors, the Chinese partner of General Motors and Volkswagen, failed to cooperate with EU authorities and did not provide them necessary documentation.Last week, the company was slapped with a 36.3% additional tariff on its cars because the EU accused it of benefiting from "unfair subsidization" and <a target="_blank" class="" href="https://www.businessinsider.com/china-electric-cars-mercedes-benz-ola-kallenius-european-union-tariffs-2024-3">undermining European competition. </a>SAIC also manufactures the MG brand of cars.The amount was a revision from an even higher 37.6% tariff, which the Chinese EV maker disputed after it was <a target="_blank" class="" href="https://www.businessinsider.com/china-electric-vehicles-share-price-europe-tariff-hike-overcapacity-investors-2024-6">assigned in June.</a> The additional tariff will be applied on top of an existing 10% duty, which applies to all EVs imported from China.In comparison to SAIC, <a target="_blank" class="" href="https://www.businessinsider.com/china-byd-electric-car-ev-why-not-coming-to-us-2024-3#:~:text=China's%20BYD%20is%20the%20world's,coming%20to%20America%20anytime%20soon">China's largest EV maker BYD</a> and Volvo parent Geely walked away with much lower tariffs. BYD, which temporarily dethroned Tesla as the world's best-selling EV company earlier this year, was given a 17% tariff, while Geely saw a 19.3% tariff. Both carmakers saw small downward revisions last week.<a target="_blank" class="" href="https://www.businessinsider.com/tesla-could-come-out-on-top-eu-tariffs-chinese-evs-2024-6">Tesla, which also </a><a target="_blank" href="https://www.businessinsider.com/tesla-could-come-out-on-top-eu-tariffs-chinese-evs-2024-6">manufactures cars in China,</a> received a 9% tariff because it benefits from fewer Chinese subsidies.SAIC's extra-harsh tariffs result from the company's lack of cooperation with Brussels authorities. In a July report, the EU Commission found SAIC's replies to a questionnaire to be "highly deficient," missing key information, including the cost of production, information relating to purchases of main inputs, and related companies. SAIC argued that the bloc asked them for too much information.The company faced internal challenges when responding to the EU, too.The EV maker lacked access to some of its own suppliers' data and was unfamiliar with the required documentation, <a target="_blank" class="" href="https://www.bloomberg.com/news/articles/2024-08-25/china-ev-maker-s-tepid-reply-to-eu-proves-costly-in-tariff-spat?srnd=phx-industries">Bloomberg reported</a> on Monday, citing people familiar with the company.Representatives for SAIC did not immediately respond to a request for comment from Business Insider.Tariffs in the EU are a big headache for Chinese EV manufacturers, which already face a 100% <a target="_blank" class="" href="https://www.businessinsider.com/us-china-trade-war-tariffs-inflation-outlook-trump-biden-rogoff-2024-7">import duty in the US.</a>Europe is a <a target="_blank" class="" href="https://www.businessinsider.com/chinese-electric-vehicles-byd-selling-record-cars-tesla-competition-deliveries-2024-7">significant market for Chinese players</a>. In an August report, HSBC wrote that Chinese automakers' share in the European EV market could rise from just over 6% in 2023 to 10.5% by 2030 — and nearly half of those sales could come from non-EU countries.The tariffs are part of a prolonged diplomatic battle between the EU and China regarding trade, national security, and <a target="_blank" class="" href="https://www.businessinsider.com/china-xi-visit-france-macron-europe-trade-relations-us-tensions-2024-5">overproduction.</a>The EU accuses China of encouraging overproduction in varied industries, including the green sector, and of <a target="_blank" class="" href="https://www.businessinsider.com/china-and-russia-are-in-a-bad-marriage-that-the-west-shouldnt-try-to-break-up-2024-6">fueling Russia's war against Ukraine.</a> China says the <a target="_blank" href="https://www.businessinsider.com/china-xi-visit-france-macron-europe-trade-relations-us-tensions-2024-5">bloc is being protectionist</a> and is trying to curb its economic development.

A Chinese EV maker was slapped with a 36% tariff. The company said it didn't understand EU documentation.

<ul class="summary-list"><li>Chinese EV firms like BYD have been effectively shut out of the US thanks to high tariffs.</li><li>Many of them sell their electric vehicles in Europe, despite the EU introducing its own tariffs.</li></ul>US tourists who visited Europe this summer may have spotted some unfamiliar EVs on the road — some of which will have been built in China.<a target="_blank" class="" href="https://www.businessinsider.com/byd-saic-chinese-ev-makers-plot-world-takeover-2024-6#">China's electric vehicle</a> giants were <a target="_blank" class="" href="https://www.businessinsider.com/china-evs-tariffs-joe-biden-transport-2024-5">effectively shut out of the US in May</a>, when the government imposed crippling tariffs on China-based EV companies amid growing geopolitical tensions.The tariffs, designed to prevent the US auto market from being flooded with cheap Chinese EVs, have made it virtually impossible for companies like BYD to export their EVs stateside.The European Union set out <a target="_blank" class="" href="https://www.businessinsider.com/chinese-ev-companies-hit-with-new-tariffs-in-the-eu-2024-6">its own trade restrictions on China's Tesla rivals in June</a> — but unlike in the US, many have a sizable presence in the European market.Here are some of the Chinese electric vehicles that European drivers can buy right now but US drivers can't:<h2 id="8c27c4d8-53fb-4dcf-a9e7-30de84bd3e37">BYD</h2><div type="image" title="BYD Seal" height="683" width="1024" msid="113258283" hostid="261" sizebytes="34490"></div><a target="_blank" class="" href="https://www.businessinsider.com/tesla-rival-byd-chinese-evs-expands-in-europe-new-factory-2024-7">BYD</a><a target="_blank" href="https://www.businessinsider.com/tesla-rival-byd-chinese-evs-expands-in-europe-new-factory-2024-7"> is expanding rapidly in Europe</a>, and plans are underway to build two factories in Hungary and Turkey in the coming years.The Warren Buffett-backed automaker sells <a target="_blank" class="" href="https://www.byd.com/eu">six EV models in Europe </a>— from the Dolphin Hatchback, which <a target="_blank" class="" href="https://www.byd-cars.de/marken/byd/dolphin#8dfa9335-fae6-48ae-ade9-929a8d4761ba">costs from €32,990</a> ($36,400), to the Han sedan, which <a target="_blank" class="" href="https://www.byd-cars.de/marken/byd/han#a658351d-cfa0-49fd-b324-ff9e61445dd1">starts at €69,000</a> ($76,100) in Germany.Despite the EU imposing <a target="_blank" href="https://ec.europa.eu/commission/presscorner/detail/en/ip_24_4301">a 17% import tariff on BYD in August</a>, the company isn't slowing down. As it competes with Tesla worldwide, it plans to <a target="_blank" href="https://www.businessinsider.com/byd-cheap-ev-seagull-coming-to-europe-china-us-tariffs-2024-5">bring its $10,000 Seagull EV to Europe in 2025</a>.<h2 id="28cbf932-e633-467a-ba74-145fd9eebf92">Nio</h2><div type="image" title="Nio ET7" height="742" width="1024" msid="113258297" hostid="261" sizebytes="65766"></div>Chinese EV brand Nio is known in its home country <a target="_blank" class="" href="https://www.businessinsider.com/ev-battery-swapping-china-rescue-us-revolution-2024-2">for its battery swapping stations</a>, designed to prevent long charging times by removing flat batteries and replacing them with fully charged ones.Like BYD, Nio has been expanding in Europe, establishing battery swap stations across the continent and <a target="_blank" class="" href="https://www.nio.com/news/nio-house-amsterdam?&amp;noredirect=">selling six models as of May 2024</a>.That includes the stylish ET7, which Nio says comes with an <a target="_blank" class="" href="https://www.nio.com/et7?&amp;noredirect=">AI-powered suspension and an estimated 1,000km (620 mile) range</a>.<h2 id="93224fa1-31bc-45f4-8dc3-cadaccde6d4f">Xpeng</h2><div type="image" title="Xpeng G6" height="684" width="1024" msid="113258292" hostid="261" sizebytes="71784"></div>Xpeng is known for its quirky EV models, including a <a target="_blank" class="" href="https://www.businessinsider.com/xpeng-tesla-rival-flying-car-prototype-drone-evtol-2022-11">flying car</a>.In Europe, the automaker sells its G9, G6, and P7 models in various markets, including Denmark, Sweden, and Norway.<h2 id="985d743a-d9a6-45bc-82ed-a4c4ae7f187f">Zeekr</h2><div type="image" title="Zeekr 001" height="683" width="1024" msid="113258285" hostid="261" sizebytes="39634"></div>Chinese manufacturer Zeekr is one of many companies <a target="_blank" class="" href="https://www.businessinsider.com/chinese-electric-vehicles-byd-selling-record-cars-tesla-competition-deliveries-2024-7">vying to take on Tesla in China.</a> It has two models available in parts of Europe.Both the Zeekr X and the Zeekr 001 are luxury EVs priced between <a target="_blank" class="" href="https://shop.zeekr.eu/en-nl/configuration/?linkCode=1">42,490 euros and 59,490 euros ($46,800 to $65,600)</a> in the Netherlands. The Zeekr 001 boasts an estimated <a target="_blank" class="" href="https://www.zeekr.eu/models/001">620km (385 miles) of range and 0 to 60 mile acceleration in 3.8 seconds</a>.Like many other Chinese automakers, Zeekr faces EU's tariffs. CEO Andy An <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-07-19/geely-s-zeekr-considers-building-evs-in-europe-to-avoid-tariffs">told Bloomberg that</a> the company may move production to Europe in the coming years as a result.<h2 id="3d2d47ce-d5f2-48a3-b76e-1431dec40a8b">MG</h2><div type="image" title="The MG Cyberster" height="681" width="1024" msid="113258295" hostid="261" sizebytes="64984"></div>Historic British car brand MG is owned <a target="_blank" class="" href="https://www.reuters.com/article/business/saic-to-sell-mg-cars-in-eu-by-year-end-idUSTRE60O088/">by one of China's largest automakers, SAIC Motor</a>.Since it came under SAIC Motor's control, MG has <a target="_blank" class="" href="https://www.bbc.co.uk/news/uk-england-birmingham-37449289">moved some of its vehicle production to China</a> and produced a series of electric models, including the MG4.This electric hatchback starts at <a target="_blank" class="" href="https://www.mg.co.uk/new-cars/mg4-ev">£26,995 ($35,300)</a> in the UK, making it <a target="_blank" class="" href="https://www.tesla.com/en_gb/model3/design#overview">£12,995 ($17,000) cheaper</a> than Tesla's least expensive offering in the country.MG also recently launched the Cyberster, a stylish electric roadster that is available <a target="_blank" class="" href="https://www.mgcyberster.co.uk/configurator">for preorder in the UK for £54,995 ($72,000)</a>.As of yet, there's no sign of the MG4 or the Cyberster coming to the US — although MG is planning to <a target="_blank" class="" href="https://www.reuters.com/business/autos-transportation/mg-motor-build-manufacturing-plant-rd-center-mexico-2024-08-08/">build a manufacturing plant in Mexico</a>, a move some US lawmakers have warned could provide Chinese manufacturers <a target="_blank" class="" href="https://www.businessinsider.com/chinese-ev-companies-byd-mg-plan-factories-mexico-washington-concern-2023-12">with a "backdoor" to the US market</a>.

Chinese EVs you can buy in Europe — but not in the US

<ul class="summary-list"><li>The European Commission announced additional tariffs on Chinese electric vehicle imports on Wednesday.</li><li>The tariffs follow a probe into Chinese subsidies and include up to 48.1% in duties.</li></ul>The <a target="_blank" rel=" nofollow" href="https://ec.europa.eu/commission/presscorner/detail/en/ip_24_3231">European Commission, or EC,</a> announced it will be slapping hefty tariffs on China's electric vehicle imports — but most investors seem unfazed.On Wednesday, the <a target="_blank" href="https://www.businessinsider.com/chinese-ev-companies-hit-with-new-tariffs-in-the-eu-2024-6">EC</a> said it will impose tariffs of up to 38.1% on Chinese EV imports from next month — on top of existing 10% duties.All Chinese EV imports will be subject to additional tariffs from next month, but the commission singled out three major EV makers: BYD, Geely, and SAIC.BYD will be subject to an additional 17.4% in duties, while Geely will pay an extra 20%. State-backed SAIC will be subject to additional levies of 38.1%.On Thursday — less than a day after EC dropped its bombshell announcement — the shares of most Chinese EV automakers were up.EV giant BYD was surging as much as 8.8% in Hong Kong, while Geely gained as much as 2.4%. The shares of EV startups Nio and Li Auto were also higher.Shanghai-listed SAIC was an outlier in Thursday's Chinese stock rally, declining by as much as 3%.The unlikely rally for most Chinese EV companies appears to stem from the perception that the European Union's tariffs were "modest," as Vincent Sun, an equity analyst at Morningstar, wrote in a note on Wednesday.After all, US President Joe Biden's administration is levying a 100% tax on Chinese EVs.BYD, one of the world's largest EV makers alongside Tesla, would be less impacted by the new EU tariffs than its peers, <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-06-13/china-ev-makers-have-room-to-absorb-eu-tariffs-find-new-markets">Bloomberg Intelligence</a> analyst Joanna Chen said on Thursday."BYD will likely be able to absorb most of the burden from EU import duties, since its cars carry peer-beating profitability," said Chen.Even though the market indicates that the EU's tariff hike on Chinese EVs is manageable, Beijing is still extremely displeased."I would like to stress that the anti-subsidy probe is typical protectionism," <a target="_blank" href="https://www.fmprc.gov.cn/eng/xwfw_665399/s2510_665401/202406/t20240612_11434964.html">Chinese foreign ministry</a> spokesperson Lin Jian said of the EU's tariffs on Wednesday."To levy additional tariffs on EVs imported from China violates market economy principles and international trade rules, disrupts China-EU economic and trade cooperation and the global automotive industrial and supply chains and will eventually hurt Europe's own interests," said Lin.In recent months, <a target="_blank" rel="" href="https://www.businessinsider.com/western-countries-name-shame-china-economy-industrial-overproduction-profits-g7-2024-5">Western countries have been lining up to criticize China</a> for its barrage of cheap exports flooding the world's markets. They say China's dumping and unfair trade practices have hurt their economies.However, Beijing has consistently pushed back on the West's criticisms. Chinese authorities say the West's accusations are protectionist and aimed at containing China's economic growth.

The EU slapped massive tariff hikes on China's EV giants. Investors don't seem to care.

<ul class="summary-list"><li>Europe is cracking down on EVs coming from China, imposing new tariffs on imports. </li><li>Tesla is reportedly lobbying for a lower rate of tariffs. </li></ul><a target="_blank" href="https://www.businessinsider.com/elon-musk">Elon Musk</a> might be about to outmaneuver Tesla's Chinese EV rivals in Europe.The European Commission confirmed Wednesday that <a target="_blank" href="https://www.businessinsider.com/tesla">Tesla</a> — which manufactures EVs for the European market at its Shanghai gigafactory — may receive <a target="_blank" href="https://ec.europa.eu/commission/presscorner/detail/en/ip_24_3231">its own special rate of tariffs</a>.The Musk-run automaker had lobbied for a lower tariff rate than its Chinese rivals, <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-06-12/tesla-presses-eu-for-lower-tariff-on-evs-shipped-in-from-china">according to Bloomberg</a>, pointing out that it had received fewer state subsidies from the Chinese government than companies like BYD and Geely.A spokesperson for the European Commission told <a target="_blank" href="https://www.cnbc.com/2024/06/12/tesla-could-get-special-duties-as-part-of-eus-higher-china-ev-tariffs.html">CNBC</a> looking at the subsidies Tesla has received in China "may lead indeed to different level of countervailing duties." It's unclear if Tesla would benefit overall as the tariffs will likely be relative to the subsidies it has received.It comes as Tesla <a target="_blank" href="https://www.tesla.com/en_ie/model3/design#overview">warns customers in Europe</a> that it may have to hike prices of the Model 3, which is manufactured in China, as a result of the tariffs.Business Insider contacted Tesla and the European Commission for further comment but didn't immediately hear back.The EV giant does have a gigafactory in Germany, where it <a target="_blank" href="https://www.businessinsider.com/teslas-gigafactory-back-business-after-arson-attack-2024-3">builds Model Ys</a>, but it imports its Model 3 sedan into the EU from China.Tesla imported more EVs into Europe than anyone else last year, shipping in 171,000 cars compared to Chinese rival SAIC Motor's 118,000, according to HSBC data reported by Bloomberg.The EU announced <a target="_blank" href="https://www.businessinsider.com/chinese-ev-companies-hit-with-new-tariffs-in-the-eu-2024-6">a new barrage of taxes on China-made electric vehicles on Wednesday</a>, after provisionally concluding that the amount of money China has poured into its EV industry gave China-based companies an unfair advantage.Warren Buffett-backed BYD, which <a target="_blank" href="https://www.businessinsider.com/ken-griffin-on-chinas-byd-ev-outperforming-elon-musks-tesla-2024-1">briefly overtook Tesla as the world's largest EV producer</a> earlier this year, was hit with a 17.4% import tax, while Geely and SAIC Motor were hit with rates of 20% and 38.1%, respectively.Other China-based firms cooperating with the EU's investigation will face a 21% duty, while those that refused, will be hit with a 38% tariff. These new tariffs are on top of the EU's existing 10% duty on imported EVs.Tesla has been manufacturing in its Shanghai gigafactory since 2019, and has benefited from Chinese government subsidies meant to boost the country's EV market.In 2022, it received the <a target="_blank" href="https://www.bloomberg.com/news/articles/2023-09-14/from-cheap-money-to-tax-breaks-evs-in-china-get-a-lot-of-love">second highest amount of subsidies for the production of its EVs</a> behind BYD, according to Bloomberg analysis of industry data.

Tesla could come out on top after the EU cracks down on Chinese EVs

<ul class="summary-list"><li>Europe is clamping down on Chinese electric cars.</li><li>The EU voted to impose sweeping tariffs on Chinese carmakers on Friday.</li></ul>Europe is <a target="_blank" class="" href="https://www.businessinsider.com/chinese-ev-companies-hit-with-new-tariffs-in-the-eu-2024-6">clamping down on Chinese electric cars</a> — but the move to protect the continent's automakers could create a new problem for the likes of Volkswagen and BMW.The European Union <a target="_blank" class="" href="https://ec.europa.eu/commission/presscorner/detail/en/statement_24_5041">voted to impose sweeping tariffs</a> on Chinese EV makers on Friday as it seeks to protect its automotive industry from what the bloc claims are <a target="_blank" class="" href="https://www.businessinsider.com/eu-chinese-ev-subsidies-market-cheap-prices-cars-2023-9">unfairly subsidized cheap Chinese electric vehicles</a>.The move will see China's fast-growing EV makers hit with a maximum 35.3% tariff on their vehicles, on top of an existing 10% levy. They will be as low as 7.8% for Teslas made in China, with the highest for manufacturers such as MG owner SAIC.The decision to impose the new tariffs wasn't unanimous, with Germany and Hungary among the nations expected to have voted against them.Germany has faced pressure from its automotive industry, with companies like Mercedes-Benz Group and BMW that sell large numbers of cars in China concerned the Chinese government might retaliate.China is the biggest market for Volkswagen, which sold 3.23 million vehicles in 2023, up 1.6% on the previous year, despite what it called a "challenging market environment."The BMW Group sold almost 825,000 BMW and MINI vehicles in China last year, up 4.2%, while Mercedes-Benz car and van sales dipped 2% to about 770,000.German Finance Minister Christian Lindner posted on X on Friday that the new tariffs "should not trigger a trade war.""We need a negotiated solution," he wrote.Investors appeared relaxed about a potential sales threat, however, with VW stock trading 2.5% higher, BMW up 1.8% and Mercedes-Benz 1.5% ahead in Frankfurt on Friday.Hungary, meanwhile, has bet big on EVs under <a target="_blank" class="" href="https://www.businessinsider.com/trump-praises-hungarian-leader-viktor-orban-leader-of-turkey-gaffe-2023-10">Viktor Orbán</a>, with BYD setting up <a target="_blank" class="" href="https://www.businessinsider.com/byd-saic-chinese-ev-makers-plot-world-takeover-2024-6">its first European manufacturing plant in the country</a>.The tariffs are meant to provide European carmakers breathing space as they transition to selling all-electric vehicles by the <a target="_blank" class="" href="https://www.businessinsider.com/jeep-chrysler-stellantis-halting-belvidere-illinois-plant-blaming-electric-vehicles-2022-12">EU's target of 2035</a>.But they also run the risk of Beijing retaliating, with the Chinese government already opening investigations into a range of European products.<h2 id="140f6f42-8327-4541-b56d-b6faf5d45fad">Sliding sales</h2>Meanwhile, <a target="_blank" class="" href="https://www.businessinsider.com/ev-sales-europe-slumping-warning-sign-us-2024-9">EV sales in Europe slumping</a>, and many companies are growing increasingly nervous about the prospect of big fines if they fail to meet strict emissions targets that kick in next year.The CEO of French carmaker Renault warned last month that if EV sales stay at the same level, the European car industry may face fines of up to 15 billion euros ($16.5 billion)."Everyone is talking about 2035, in 10 years, but we should be talking about 2025 because we are already struggling," Luca de Meo told French radio in comments reported by Reuters.Experts have warned that any changes to these emissions targets could hurt Europe's already stuttering EV sales.A report from the NGO <a target="_blank" class="" href="https://www.transportenvironment.org/articles/tariffs-wont-save-european-ev-manufacturing-if-eu-drops-co2-targets-analysis">Transport &amp; Environment</a> found that while tariffs on Chinese EV companies would likely be effective, delaying the 2025 emission targets could hamper the rollout of more affordable European EVs, potentially leaving consumers with fewer cheap electric options.The report said that delaying this target would cause European car manufacturers to continue prioritizing more profitable combustion engine vehicles, delaying the rollout of cheaper EVs and ultimately hurting sales."Higher EV tariffs are right but only in tandem with the car CO₂ targets. They are part of a coherent industrial policy to boost electric car production in Europe," said Julia Poliscanova, a senior director at Transport &amp; Environment."The EU risks having the worst of both worlds if it delays the 2025 CO₂ targets while limiting the affordable models imported from China," she added.The EU did not immediately respond to a request for comment from Business Insider.

The EU just made Chinese EVs a lot more expensive — and created a new threat for European automakers

<ul class="summary-list"><li>The EU has imposed tariffs of up to 38.1% on Chinese EVs. </li><li>Joe Biden also launched a crackdown on Chinese EVs last month, hitting them with a 100% tax.</li></ul>The EU is cracking down on <a target="_blank" href="https://www.businessinsider.com/china-xi-jinping-crush-tesla-elon-musk-american-ev-industry-2024-2">China's EV companies</a>.The bloc will impose tariffs as high as 38.1% on EVs imported from China to Europe from next month, the <a target="_blank" href="https://ec.europa.eu/commission/presscorner/detail/en/ip_24_3231">European Commission said on Wednesday</a>.Tesla rivals BYD will face a tariff of 17.4%, Geely 20%, and SAIC Motor 38.1%. The EU previously had a 10% duty on imported EVs.The European Commission <a target="_blank" href="https://www.businessinsider.com/eu-chinese-ev-subsidies-market-cheap-prices-cars-2023-9">launched an investigation into Chinese EVs</a> last October, examining whether state subsidies in China were keeping the price of their electric vehicles artificially low.Its conclusion comes after <a target="_blank" href="https://www.businessinsider.com/white-house-joe-biden-hikes-tariffs-on-chinese-made-evs-2024-5">Joe Biden announced a sweeping set of tariffs in May</a> on $18 billion worth of Chinese goods, including a 100% tax on Chinese vehicles.Chinese-branded EVs have almost no presence in the US, thanks to existing trade barriers.But in Europe, they have been making steady inroads, with <a target="_blank" href="https://www.businessinsider.com/chinese-ev-companies-shut-out-of-us-target-mexico-brazil-2024-">Tesla rival BYD building a factory in Hungary</a> and startups Nio and Xpeng releasing models in several European countries.Chinese brands rose from under 1% of Europe's EV market in 2019 to 8% in 2023, <a target="_blank" href="https://www.europarl.europa.eu/RegData/etudes/ATAG/2023/754553/EPRS_ATA(2023)754553_EN.pdf">according to the European Commission</a>, and are expected to hit 15% by 2025.Despite the crackdown, Philip Nothard, insight and strategy director at automotive services company Cox Automotive told Business Insider that the measures will not be enough to keep Chinese EV companies at bay in Europe."Even with tariffs, it's not going to slow the growth down," Nothard said."If you look at companies like BYD, they have a highly efficient manufacturing supply chain. That makes them extremely agile when it comes to changing products for different marketplaces," he added, suggesting that Chinese companies could adjust their growth plans to keep prices low even with new tariffs.The trade barriers will also raise fears that China might retaliate with import duties of its own.Chinese officials have hinted that the Asian superpower <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-05-21/china-may-raise-tariffs-on-some-us-eu-cars-lobby-group-says">could impose taxes as high as 25% on imported cars</a> in response to European and US tariffs.

Chinese EV makers are hit with new EU tariffs

How Chinese EV makers are slowly taking over the world

<keyword id="19913553" type="General" weightage="20" keywordseo="tech" source="keywords">Tech</keyword> giant <keyword id="19894961" type="General" weightage="20" keywordseo="apple" source="keywords">Apple</keyword> has reportedly shelved plans to develop display screens for its smartwatch. According to a <keyword id="19897999" type="General" weightage="20" keywordseo="bloomberg" source="keywords">Bloomberg</keyword> report, the tech giant has pulled the plug on an in-house project to build screens with microLED technology. The iPhone maker is now reportedly "reorganising the teams that handle display engineering," and also "eliminating dozens of roles in the US and Asia". Apple did not immediately comment on the report. The display project was reportedly part of a "broader push by Apple to design more of its technology in-house". Apple is also likely to launch new iPad Pro models with OLED displays from <keyword id="19897758" type="General" weightage="20" keywordseo="samsung" source="keywords">Samsung</keyword> and LG. Meanwhile, the US Justice Department and 16 states have accused tech giant Apple of using exclusionary business practices to sustain the monopoly of its flagship product, the iPhone. The lawsuit alleged that the tech giant uses this monopoly to keep the cot of its product high for consumers. Apple's iPhone dominates the US market with a 65 per cent share. And it has made the company immensely rich, along with its other products. SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/news/motorola-edge-50-pro-to-launch-in-india-on-april-3-everything-we-know-so-far/articleshow/108667275.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/motorola-edge-50-pro-to-launch-in-india-on-april-3-everything-we-know-so-far/articleshow/108667275.cms" target="_blank">Motorola Edge 50 Pro to launch in India on April 3 – Everything we know so far</a><a href="https://www.businessinsider.in/business/auto/news/jsw-group-and-saic-motors-jv-jsw-mg-motor-india-set-to-up-production-to-3-lakh-vehicles-a-year-with-a-new-car-every-3-6-months/articleshow/108647799.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/jsw-group-and-saic-motors-jv-jsw-mg-motor-india-set-to-up-production-to-3-lakh-vehicles-a-year-with-a-new-car-every-3-6-months/articleshow/108647799.cms" target="_blank">JSW Group and SAIC Motor’s JV ‘JSW MG Motor India’ set to up production to 3 lakh vehicles a year with a new car every 3-6 months</a><a href="https://www.businessinsider.in/business/telecom/news/mobile-number-portability-revamped-to-reduce-sim-swap-frauds-here-are-the-new-rules/articleshow/108613683.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/telecom/news/mobile-number-portability-revamped-to-reduce-sim-swap-frauds-here-are-the-new-rules/articleshow/108613683.cms" target="_blank">Mobile Number Portability revamped to reduce SIM swap frauds – Here are the new rules</a>

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MG Motor India plans to dilute majority stakes to local partners

PTI

GM showed off new, colorful versions of its tiny sub-$6,000 electric cars that outsell Teslas in China. Take a look.

Anna Cooban

This $4,500 electric car is reportedly outselling Tesla's Model 3 in China by almost two to one

Grace Dean

Maruti, Mahindra and the likes have a new battle to fight – the growing Chinese competition amidst slowdown

Navdeep Yadav

The Chinese invasion of India Inc

Usha Rani Das

A Chinese EV maker was slapped with a 36% tariff. The company said it didn't understand EU documentation.

Shubhangi Goel

Chinese EVs you can buy in Europe — but not in the US

Tom Carter

The EU slapped massive tariff hikes on China's EV giants. Investors don't seem to care.

Huileng Tan

Tesla could come out on top after the EU cracks down on Chinese EVs

Tom Carter

The EU just made Chinese EVs a lot more expensive — and created a new threat for European automakers

Tom Carter

Chinese EV makers are hit with new EU tariffs

Tom Carter

How Chinese EV makers are slowly taking over the world

Tom Carter

Apple shelves plans to develop displays for smartwatch: Report

IANS

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