Localization: The Next Big Move for China’s Booming Car Exports
China’s car exports are booming, and industry insiders say localization is the next vital focus for Chinese automakers expanding globally.
Automotive Industry
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Volkswagen CEO: Learning in China Drives Innovation and Speed
Volkswagen CEO Oliver Blume highlights how learning in China is boosting the company’s innovation and speed, emphasizing the benefits of competition in the Chinese automotive market.
Japan’s Prime Minister Abe to Urge Trump to Reconsider Tariffs After Exemption Denied
Japanese Prime Minister Shinzo Abe plans to discuss U.S. tariffs with President Trump after failing to secure an exemption, aiming to highlight Japan’s economic contributions and mitigate trade tensions.
Tesla Sales Slump 13% as Backlash Against Musk Intensifies
Tesla reports a 13% drop in sales as backlash against CEO Elon Musk grows, leaving many questioning the future of the electric vehicle giant.
Trump’s 25% Car Tariffs Ignite European Backlash
Europe reacts strongly as President Trump imposes 25% tariffs on imported cars, with leaders calling for countermeasures and warning of economic fallout on both sides of the Atlantic.
Trump’s Car Tariffs Ignite Global Trade Tensions
President Trump’s 25% tariff on imported cars ignites global trade tensions as allies like Canada, the EU, and Brazil voice strong opposition and consider retaliatory measures.
Trump Announces 25% Tariff on Imported Cars, Sparking Global Reactions
President Trump announced a 25% tariff on imported automobiles starting April 2, sparking global reactions and concerns over rising car prices and strained international trade relations.
China’s New Policies Fuel Hope for 2025 Auto Market Boom
China’s new consumer promotion policies are fueling optimism for the automotive market’s growth by 2025, focusing on green and intelligent upgrades. CPCA’s Secretary-General shares insights on this impact.
Germany’s Scholz Calls for Quick EU-China Deal on EV Tariffs
German Chancellor Olaf Scholz urges the EU to swiftly resolve its tariff dispute with China over electric vehicles, emphasizing the importance of cooperation amidst industry pressures.
China and Germany Join Forces to Strengthen Global Supply Chains
China and Germany are deepening their collaboration to enhance industrial and supply chains, particularly in the automotive sector, fostering innovation and global economic cooperation.
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