The Seagull electric vehicle from Chinese automaker BYD is displayed at a showroom in Beijing, Wednesday, April 10, 2024.
U.S. politicians and manufacturers already see Chinese EVs as a serious threat. The Biden administration on Tuesday is expected to announce 100 per cent tariffs on electric vehicles imported from China, saying they pose a threat to U.S. jobs and national security. Inside a huge garage near Detroit, a company called Caresoft Global tore apart a Seagull that its China office purchased and shipped to the U.S.
Higher U.S. labor costs are a part of the equation. BYD also can keep costs down because of its battery-making expertise — largely lithium iron phosphate chemistry used in consumer products. The batteries cost less but have lower range than most current lithium-ion batteries.BYD also makes many of its own parts, including electric motors, dashboards, and bodies, using its huge scale — 3 million vehicles sold worldwide last year — for cost savings.
So Detroit needs to quickly re-learn a lot of design and engineering to keep up while shedding practices from a century of building vehicles, Woychowski said. BYD would have to modify its cars to meet U.S. safety standards, which are more stringent than in China. Woychowski says Caresoft hasn't done crash tests, but he estimated that would add $2,700 to the cost.
The company isn’t selling cars in the U.S. largely due to 27.5 per cent tariffs on the sale price of Chinese vehicles when they arrive. Donald Trump slapped on the bulk of the tariff, 25 per cent, when he was president, and it was kept in place under Joe Biden. Trump contends that the rise of EVs backed by Biden will cost U.S. factory jobs, sending the work to China.
Feds 'committed to doing more,' but minister offers no timeline for Canadian Disability Benefit boost With carriers' flight volumes above the 60th parallel hovering below pre-pandemic levels, Canadian North’s first Inuk CEO now bears the task of balancing those financial and logistical challenges with the needs of communities for which she feels a deep affinity.
Thousands have been forced to flee a wildfire burning near Fort Nelson. Meanwhile, some experienced volunteers are staying behind to fight the fire.An off-duty Vancouver police officer who allegedly drove drunk and rear-ended a van with children as passengers was handed a five-day suspension, and a watchdog has ordered a review of that decision.
It’s been a year since Nathan Wise went missing and his family is no closer to finding out what happened to him.Violent crime in Saskatoon was up by nearly 10 per cent in the first quarter of 2024, according to new data from the Saskatoon Police Service.Prince Albert singer Rebecca Strong is on the cusp of achieving a dream on Canada’s Got Talent as she stands among the final eight contestants.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: globebusiness - 🏆 31. / 66 Read more »