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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.
Hi, this is Yifan from Silicon Valley, your #techAsia host this week. Like many tech reporters, it has been a crazy busy few weeks for me as every major player in the space, from OpenAI to Google, unveiled their latest AI developments.
Asia-Pacific markets rose on Thursday after the U.S. Federal Reserve held the federal funds rate at 5.25% to 5.5%, and shifted its "dot plot" to project only one rate cut this year.
The European Union on Wednesday said it would slap higher tariffs on Chinese electric vehicle imports, which it found benefit "heavily from unfair subsidies" and pose a "threat of economic injury" to EV producers in Europe.
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.
Tesla could be hit with a specially calculated duty on its cars produced in China and imported to Europe as part of of the European Union's decision to raise tariffs on Chinese electric vehicles.
LONDON/BRUSSELS -- The European Commission announced on Wednesday import tariffs of up to 38% on Chinese electric vehicles, after its investigation found that producers in China benefited from "unfair subsidies" throughout their supply chains -- from lithium refining to the transportation of the final products.
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.