Connect with us

News

China has filed an official complaint against EU tariffs on EVs

Credit: BYD

Published

on

China’s government has officially filed a complaint with the world’s largest trade organization against the European Union (EU) over its recently launched increases to tariffs on electric vehicles (EVs) from the country.

On Monday, government officials in Beijing lodged a complaint with the World Trade Organization (WTO) over the EU’s recent passage of increased tariffs on most EV companies producing vehicles in China, as detailed in a report from Bloomberg. Officials made the complaint to the WTO’s dispute settlement division, saying that it did so to “safeguard the development interests” of the EV industry overall, as stated by the country’s Commerce Ministry.

The ministry also called the tariffs “trade protectionism,” saying that the bloc did not have a justification for violating international rules on imports and exports.

“China believes the EU’s final ruling on anti-subsidy measures lacks factual and legal foundation, violates the WTO rules and is an abuse of trade remedy measures,” said one Commerce Ministry spokesperson. “We urge the EU to face its mistakes and immediately correct its illegal practices, and to jointly maintain the stability of the global electric vehicle supply chain and China-EU economic and trade cooperation.”

Advertisement

Chinese automakers asked to pause expansion in Europe

Under the tariffs, which were passed by the EU early last month before going into effect on November 1, SAIC faces the largest levies with an additional 35.3 percent tariff, while Geely and BYD follow with 18.8 percent and 17 percent rates, respectively. The vast majority of cooperating companies will be offered a 20.7-percent tariff, while Tesla’s rate was brought down to just 7.8 percent.

All of the aforementioned rates also come as an additional charge on top of the 10-percent rate mandated for all imported vehicles. The EU and China had €739 billion (~$806 billion) in bilateral merchandise trade in 2023, and China is the country bloc’s second-largest trade partner.

The EU is also set to send officials to Beijing to continue the discussions, as confirmed by EU Trade Chief Maros Sefcovic this week. The official also highlighted the need to re-balance the countries’ relationship to each other, and the European Commission has highlighted plans to address multiple other related issues.

Advertisement

“We are not interested in trade wars,” Sefcovic said.

The news comes after months of failed negotiations on the tariffs, and after one EU official said in September that negotiations would likely continue on the import duties even after the newly passed proposal went into effect. Last month, a different official highlighted that a new deal between China and the EU would be unlikely, adding that there was significant complexity with the issues in question.

Specifically, China’s officials have been arguing for a minimum EV import price for the tariffs that could replace the legislation altogether. Despite this, talks have been at a standstill, and the EU has highlighted past minimum price efforts in solar that have led to 90 percent of the EU’s solar market coming from China.

Xpeng still committed to Europe despite looming tariffs

Advertisement

Need accessories for your Tesla? Check out the Teslarati Marketplace:

What are your thoughts? Let me know at zach@teslarati.com, find me on X at @zacharyvisconti, or send us tips at tips@teslarati.com.

Zach is a renewable energy reporter who has been covering electric vehicles since 2020. He grew up in Fremont, California, and he currently lives in Colorado. His work has appeared in the Chicago Tribune, KRON4 San Francisco, FOX31 Denver, InsideEVs, CleanTechnica, and many other publications. When he isn't covering Tesla or other EV companies, you can find him writing and performing music, drinking a good cup of coffee, or hanging out with his cats, Banks and Freddie. Reach out at zach@teslarati.com, find him on X at @zacharyvisconti, or send us tips at tips@teslarati.com.

Advertisement
Comments

Investor's Corner

Lucid denies rumors of bankruptcy after over 40% stock drop

Published

on

Credit: Lucid

Electric vehicle maker Lucid Group has denied rumors of an imminent bankruptcy after a report from this morning sent the stock on a dramatic drop on Wall Street, seeing losses of more than 40 percent during trading hours.

Lucid’s Director of Communications, Nick Twork, responded to the report from Eletric-Vehicles.com, which stated the company’s restructuring advisor, AlixPartners, was asked to review two decisions: taking Lucid shares private or filing for Chapter 11 bankruptcy protection.

The report also claims AlixPartners told the Lucid board to “concentrate on Gravity production while improving its quality, and to temporarily hold back the Lucid Air, the sedan that has defined the company since its launch.”

Twork said:

Advertisement

Shares rebounded after the response to the report, halving its losses as the trading day neared 3 p.m. Eastern.

Lucid has struggled to get its sales off the ground and into more respectable numbers, but the company is in its early years, when things are hard to begin with. It is also backed by several notable investors, including the Saudi Public Investment Fund (PIF), which has nearly limitless money and likely would not ditch an investment of this size so soon.

Advertisement

Lucid shares were down just 14 percent at the time of publication, a far cry from the 55 percent its losses topped out at during the day.

Continue Reading

News

Tesla owner attempts resale of Model S Signature Edition for over $260k

Published

on

Credit: Tesla

A Tesla owner who purchased a Model S Signature Edition, one of the final 250 units of the all-electric flagship vehicle that the company discontinued earlier this year, is attempting to sell the car despite a no-resale clause that prohibits reselling for the first year.

The car is being sold by J&S Autohaus in Ewing, New Jersey, and is priced at $260,490, well above the $159,420 that Tesla sold it for earlier this year.

To those who do not know, the Model S Signature was a highly exclusive, limited-run farewell variant of the Model S Plaid that was produced this year to mark the end of production of both the Model S and Model X, Tesla’s two flagship vehicles.

Limited to just 250 units with invite-only sales, it serves as a collector’s item celebrating the legacy of the Model S, which helped pioneer Tesla’s electric vehicle success since its 2012 launch.

It bundles top-tier performance with bespoke cosmetic and luxury upgrades, plus Tesla’s Luxe Package. Here’s what the Model S Signature has over the typical Model S Plaid:

Advertisement
  • Exclusive Exterior – Unique Garnet Red Paint, matching door handles, gold Tesla “T” badges upfront, gold Plaid and Signature badging at the rear.
  • Premium Interior – White Alcantara upholstery with gold piping/accents, gold Plaid seat badges, Signature-marked door sills, individually numbered dashboard plaque, gold puddle lights, special interior lighting sequence, and a custom Signature key fob.
  • Performance Upgrades – Carbon-ceramic brakes with gold calipers
  • Bundled Luxe Package – Full Self-Driving (Supervised), four years of Premium Connectivity, free lifetime Supercharging
  • Performance Metrics – ~1,020 horsepower, sub-2-second 0-60 MPH, ~390-mile range

Tesla quickly introduced a No Resale Agreement for the Signature Editions of the Model S and Model X, which would penalize the seller for “the amount of $50,000 or the value received as consideration for the sale or transfer, whichever is greater.”

The company continues:

“If you sell or otherwise transfer the ownership of your Model S or Model X, the remainder of the Recommended Maintenance, Wheel and Tire Protection Plan, and Windshield Protection Plan will transfer automatically to the buyer. The Full Self-Driving (Supervised), Free Supercharging and Premium Connectivity will not transfer with the vehicle and will terminate once the ownership of the Model S or Model X is transferred.”

Tesla will likely come after the seller, especially as it has been about two months since Tesla launched deliveries.

Advertisement
Continue Reading

News

Tesla Full Self-Driving v14.3.5 Early Impressions: new features and early performance

Published

on

Credit: TESLARATI

Tesla rolled out Full Self-Driving (Supervised) v14.3.5 yesterday, and about fifty miles of driving on the new version has given me enough time to highlight what seems to be strong about the release and what is not.

Additionally, Tesla has added a few new features with this specific update, which we’ll highlight as well.

Tesla Full Self-Driving v14.3.5 Performance

The new update is business as usual. Things seem to be running completely normal and necessary, but there are a few things that we’ve seemed to pick up on based on our own experience with v14.3.5, as well as what other users are seeing.

Initially, it seems to be more aware of its surroundings, making moves that are incredibly courteous to other drives and operating just a tad more reserved than what the suite might have done previously.

Advertisement

We had two instances where it showed this, the first being FSD needing to pass a Flagger Force vehicle that was placing down signage for the day. Their work truck was right at the front corner of a right-hand turn; typically where most cars travel when they take that turn.

FSD v14.3.5 recognized this, slowed down, and took the turn wide with no issues:

Advertisement

Additionally, v14.3.5 backed up for a semi truck that was making a wide turn onto a road my car was on. This is not new, but it seemed to be backing up for courtesy; it didn’t seem completely necessary, but it might have put some peace of mind in the truck driver’s head:

X user Mike P, also a Pennsylvania native like myself, shared three clips of his Tesla running v14.3.5 performing similar maneuvers. He said:

Advertisement

“FSD turns right into a small alley that only fits one car at a time, sees oncoming car, reverses out of alley to make space, realizes oncoming car is actually parking, re-enters alley.”

Check it out here:

It seems like Speed Profiles are still in need of some tweaking; I am adjusting what Speed Profile I’m in frequently, constantly changing it to get it to travel at the correct speed. This was an issue for me on v14.3.4. It seems like they’re just a little inconsistent.

Terrible Parking

Parking attempts on v14.3.5 were not good. There are quite a few people who have said this:

Advertisement

David Moss, the Tesla owner who has taken multiple coast-to-coast drives without any interventions, also has had some issues with parking early on with v14.3.5:

New Features

Tesla has added the ability to open Camera Preview at any time. Previously, it was only available in Park. Here’s what that feature looks like in action:

Advertisement

Check back later this week for a longer review of what we’ve noticed on Full Self-Driving v14.3.5.

Advertisement
Continue Reading