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Gotion, China’s fourth-largest EV battery maker, has commenced operations at the first of its three plants in the US. The factory in Fremont, California, has an annual capacity of 1 gigawatt-hours.
(Bloomberg) -- The US is considering raising tariffs on Chinese electric cars and other goods as it tries to limit reliance on Asia’s biggest economy and shield its own green industry, the Wall Street Journal reported Thursday, citing people it didn’t identify.Most Read from BloombergS&P Logs Worst Day in Two Months, Bonds Power On: Markets WrapVilified Zero-Day Options Blamed by Traders for S&P DeclineThe Hedge Fund Traders Dominating a Massive Bet on BondsTrump Barred From Colorado Ballot in U
The US is reportedly considering raising tariffs on Chinese goods, including EVs and solar products, to limit reliance and protect the US green industry. With Biden in office, officials are debating tariffs and looking to review them early in 2021. Potential targets include EV battery packs and consumer products, though the impact on the yuan and Chinese markets may be limited.
Bringing Taiwan to the World and the World to Taiwan
“Ending life adrift at sea and settling down on land… I want to chase a better life with my diligent working and persevering spirit,” Lin Caizeng made this New Year’s wish – simple, pure, and full of hope.