Chinese firms eye Morocco as way to cash in on US electric vehicle subsidies
Wednesday, 3 July 2024 () Investment in electric vehicle manufacturing is booming in Morocco, a country that neighbors Europe and enjoys a free trade agreement with the United States. Thatβs partially because Chinese firms see it as a side door to access the U.S. market and new Biden administration subsidies designed to shut them out. At least seven have struck deals to manufacture components in Morocco, with some touting their plans as a way to qualify for the subsidies. The phenomenon reflects the challenges facing the Biden administration as it attempts to simultaneously achieve its climate goals and shut China out of U.S. markets.
China Accuses EU , of Unjustified Tariff Hike , on Electric Vehicles.
'The Independent' reports that China's Commerce
Ministry has accused the European Union of conducting
an unreasonable..
Credit: Wibbitz Top Stories Duration: 01:31Published
European Union Announces , Higher Tariffs on Chinese EVs.
On June 12, the EU said it will
impose higher tariffs on imports of
Chinese electric vehicles (EVs), CNBC reports. .
The increase in..
Credit: Wibbitz Top Stories Duration: 01:31Published
Creative use of space β reinterpreted: MINI celebrates the premiere of the first crossover model for the premium small car segment. The new MINI Aceman combines compact exterior dimensions with as..
Wednesday, 3 July 2024 ()
![China Accuses EU of Unjustified Tariff Hike on Electric Vehicles [Video]](https://video.newsserve.net/300/v/20240620/1379124616-China-Accuses-EU-of-Unjustified-Tariff-Hike-on.jpg)
![European Union Announces Higher Tariffs on Chinese EVs [Video]](https://video.newsserve.net/300/v/20240612/1378388372-European-Union-Announces-Higher-Tariffs-on-Chinese-EVs.jpg)
![The new MINI Aceman Preview [Video]](https://video.newsserve.net/300/v/20240524/1376318924-The-new-MINI-Aceman-Preview.jpg)
