EU plans punitive tariffs on Chinese EV cars
BRUSSELS/BERLIN – The European Commission has received the green light to impose high tariffs on electric vehicles produced in China. This measure, which has not yet been finalized, aims to protect European manufacturers from what is seen as China’s distortive … Continue reading EU plans punitive tariffs on Chinese EV cars
Electromobility in China: a model for sustainability?
BEIJING – A remarkable transformation is underway in the bustling metropolises of China, such as Beijing. Once a rarity, electric cars are now on the fast track to dominate the automotive market. Showrooms for electric vehicles, operated by innovative brands … Continue reading Electromobility in China: a model for sustainability?
Habeck initiates negotiations on EU punitive tariffs
BEIJING – During his current visit to China, German Minister of Economic Affairs Robert Habeck has initiated discussions with EU Trade Commissioner Valdis Dombrovskis about the commencement of negotiations on the punitive tariffs on Chinese electric cars considered by the … Continue reading Habeck initiates negotiations on EU punitive tariffs
China is no longer Germany’s largest trading partner
BERLIN/BEIJING – In a notable development in international trade, China has lost its status as Germany’s largest trading partner, now falling to second place behind the United States. This shift is reflected in the figures for the first quarter of … Continue reading China is no longer Germany’s largest trading partner
BASF plans to shift business from Germany to China
MANNHEIM – In a remarkable turn of events, BASF, Europe’s largest chemical company, has announced a strategic realignment of its business activities, which includes a gradual closure of its production sites in Germany and a shift of investments to China. … Continue reading BASF plans to shift business from Germany to China