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China EV makers to pivot to emerging markets as US, EU hike tariffs

Channel News Asia LogoChannel News Asia3d ago

China EV makers to pivot to emerging markets as US, EU hike tariffs - Channel News Asia

Quick Summary:

The shift also comes amid Chinese President Xi Jinping and his government’s increasing desire to boost cooperation with the Global South, which China considers itself a part of.

Electric cars are pictured inside BYD's first electric vehicle (EV) factory in Southeast Asia, a fast-growing regional EV market where it has become the dominant player, in Rayong, Thailand, July 4, 2024.

China can do more to invest in Europe directly - it will benefit not just both parties, but the world, she said.“(It will) help us to jumpstart new strategic industries that are so critical for the structural transformation underway," she added.


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China EV makers to pivot to emerging markets as US, EU hike tariffs - Channel News Asia (Picture 1)China EV makers to pivot to emerging markets as US, EU hike tariffs - Channel News Asia (Picture 2)

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-05 @ 17:06:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 1025 words

Reading Time: 6 minutes read

Sentences: 39 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 21490576

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About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 22 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 51 minutes ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

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  • URL: https://beamstart.com/news/china-ev-makers-to-pivot-17201723043103

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