Chinese EV stocks surge after EU slaps up to 38% additional import tariffs
Shares of Chinese electric vehicle makers mostly surged on Thursday after the European Union announced higher tariffs of up to 38% on Chinese EVs a day earlier.
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Shares of Chinese electric vehicle makers mostly surged on Thursday after the European Union announced higher tariffs of up to 38% on Chinese EVs a day earlier.
Tesla on Thursday said it will likely increase the Europe prices of its Model 3 vehicle from July 1 after the European Union said it could impose provisional higher tariffs on electric cars imported from China.
Black Semiconductor, a startup aiming to create next-generation chip technology, said on Wednesday that it raised 254.4 million euros (US$274 million), mainly from the German government, in a further sign that Europe is ramping up its push in the critical components.
Shares of European carmakers fell on Wednesday following a report that some of the world's largest auto manufacturers face possible lawsuits in Britain for allegedly cheating emissions tests.
TOKYO -- At least 50% of Japan's exports of semiconductor manufacturing equipment went to China for a third straight quarter in the three months through March, amid an apparent surge in demand for less advanced gear spurred by U.S.-led trade restrictions.
Taiwan, the world's semiconductor powerhouse, is facing a power crunch — and this could spell trouble for chipmakers.
The European Union is expected to reveal its tariff rate plan for Chinese electric vehicles this week, as the bloc cracks down on low-priced, subsidized imports.
HANOI/HOA BINH, Vietnam — Lights are off and air conditioning is down at the headquarters of Vietnam's state-run electricity provider EVN as the country's top power utility tries to "lead by example" to avoid a repeat of last year's crippling blackouts, an official tells visitors.