CHINESE EV
Huawei founder waves off US chip curbs while trade talks proceed
Ren Zhengfei, Huawei founder and one of the country’s most recognisable business figures, told the Communist Party’s official newspaper he wasn’t worried about Washington’s efforts to cut off the flow of US technology to China’s chip sector. He also expressed confidence that China can make breakthroughs in AI and software.
Trump’s tariff chaos threatens his push for rust belt revival
Donald Trump's trade policies face criticism. These policies may hinder the revival of US manufacturing. Tariffs are creating uncertainty for businesses. Companies are delaying investments due to fluctuating costs. The Midwest region, a manufacturing hub, is particularly anxious. Despite recent job growth, the trade war is casting a shadow. Erratic policy-making is making it difficult for businesses to plan.
Next biggest opportunity will be thrown up by manufacturing in India: Mihir Vora
Mihir Vora of Trust Mutual Fund highlights India's manufacturing potential, driven by technology adoption and untapped resources. He favors domestic-focused sectors like financials and industrials, while being cautious on healthcare due to uncertainties. Vora sees significant opportunities in automation, robotics, and AI, anticipating a rise in listed companies in these areas.
BYD unleashes an EV industry reckoning that alarms Beijing
China's electric vehicle sector faces a price war. This situation impacts share prices and prompts government intervention. Overcapacity and weak demand are key factors. Analysts foresee profit decline for major brands. Smaller competitors may exit the market. Authorities urge self-regulation to avoid price cuts. BYD's tactics raise concerns about market dominance. The industry grapples with overcapacity and export challenges.
Batteries, EVs under threat? India fires on all cylinders for rare earths amid China's tightening grip
India is accelerating its efforts to secure critical mineral supplies, driven by China's increasing control over rare earth elements. New Delhi is forging partnerships with Central Asian nations and implementing an incentive scheme for mineral recycling under the National Critical Mineral Mission.
Urgency grows in Motown India as rare earth deadlock deepens, call goes out to govt for help
The Indian automobile sector is urging the government to facilitate quicker approvals from China for importing rare earth magnets crucial for various applications, especially in electric vehicles (EVs). With China controlling a significant portion of the global supply, the recent export restrictions are causing disruptions in production and could lead to increased costs for manufacturers.
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China says willing to improve communication with countries on rare earth controls
China said it has approved some rare earth export requests and aims to refine its approval process. The move comes as India faces growing shortages, with recent export requests reportedly denied.
China rare earth curbs choke India automakers, add to tensions
Indian automakers are facing challenges in importing rare earth magnets from China, leading to potential production disruptions. China has reportedly rejected India-bound shipments while approving those to other countries.
China's rare earth weapon changes contours of trade war battlefield
China is strategically weaponizing its supply chain, mirroring U.S. export controls. Recent rare earth export license issues, highlighted by a Trump-Xi call, reveal China's refined trade war tactics. Modelled after U.S. sanctions, China's system grants insight into critical supply chain points.
Nothing to be negative about in market; bulk deals a pressure point: Sandip Sabharwal
Sandip Sabharwal suggests that the markets are in a stable position, despite the pressure from bulk deals. He highlights the current chip shortage, attributing it to China's export restrictions, impacting two-wheeler and EV companies globally. The tariff issue is already factored into the markets, with focus shifting to monetary policy and economic data.
Tesla’s China shipments extend slump, bucking broader sales boom
Tesla faces increasing competition from companies like BYD in Europe.
China silent about lifting export curbs on rare earth metals amid growing concerns in India, world
China is maintaining its export restrictions on rare earth metals, despite international pressure from the US, EU, and India. These metals are crucial for manufacturing various products, including electronics, automobiles, and military equipment. Concerns are growing globally about potential shortages and production stoppages, as evidenced by Suzuki's recent production halt in Japan due to these restrictions.
India plans rare earth magnet incentives as supply threat mounts
India is negotiating with companies to build long-term stockpiles of rare earth magnets by offering fiscal incentives to boost domestic production, aiming to reduce dependence on China, which controls 90% of magnet processing and recently restricted exports.
Why rare earths are the new battleground in US-China trade war
China Rare Earths Policy: Two months after China enforced strict export controls on key rare earth elements, manufacturing industries across the United States, Europe, and India face mounting disruptions. These elements are vital to defence, electronics, and electric vehicles. India’s Bajaj Auto has issued a public warning, citing looming production halts. With global dependency on China’s rare earth dominance, the trade standoff is sparking urgent diplomatic efforts and renewed calls for supply chain diversification.
Tesla is being eaten alive by Chinese rivals it inspired
Tesla's Shanghai factory is experiencing declining output, impacting its market share in China's competitive EV landscape. Rivals like BYD and Xiaomi are gaining ground with innovative and affordable EVs. Despite Tesla's initial catalytic role, it now faces challenges in maintaining its position, with reduced capacity utilization and profit margins, compounded by external factors like political dynamics.
China's chokehold on rare earths set to suffocate auto industry
The move underscores China's dominance of the critical mineral industry and is seen as leverage by China in its ongoing trade war with US President Donald Trump. Trump has sought to redefine the trading relationship with the US' top economic rival China by imposing steep tariffs on billions of dollars of imported goods in hopes of narrowing a wide trade deficit and bringing back lost manufacturing.
T&M expires, Musk goes back to day job
Elon Musk resumes his role at his tech companies after working with Donald Trump. He criticizes Trump's tax bill, which impacts Tesla's EV subsidies. Tesla faces competition from Chinese EV makers. SpaceX struggles with launches, and Starlink faces European rivals. Musk's government role had limited success in cutting spending. The Trump-Musk partnership shows mixed outcomes for business and government.
Tesla's China-made EV sales fall 15% yoy in May
Tesla's China-made electric vehicle sales experienced a 15% decrease in May compared to the previous year, totaling 61,662 vehicles, according to CPCA data. However, deliveries of Model 3 and Model Y vehicles saw a 5.5% increase from April. Meanwhile, BYD, a Chinese competitor, witnessed a 14.1% year-on-year surge in passenger vehicle sales, reaching 376,930 units last month.
Global alarms rise as China's critical mineral export curbs takes hold
Global automakers are raising alarms about China's restrictions on rare earth exports, warning of potential production delays and economic disruptions. Following similar concerns from US and Indian manufacturers, German automakers have joined the chorus, highlighting the critical role of these minerals in various industries.
Big task ahead for Elon Musk: After Canada, Germany, and most of Europe, Tesla sales now tank in Sweden
Tesla's sales are plummeting in Sweden, experiencing a significant 53.7% drop in May, adding to its European decline attributed to consumer backlash against Elon Musk and a prolonged labor strike. The ongoing labor dispute, now Sweden's longest in 80 years, further damages Tesla's reputation.
Bajaj Auto thriving in chaos; maintaining 20% margin for 6 quarters: Rakesh Sharma
Bajaj Auto maintains a 20% margin for six quarters. The company focuses on the bottom line through strategic initiatives. Expansion in Africa may affect EV business margins. The EV sector contributes 21% to domestic revenue. Rakesh Sharma expects 5-6% industry growth, driven by the 125cc plus segment. Latin America performs well.
Did Elon Musk mislead investors about Tesla's future EV plans? What you need to know
Tesla executives worried about Elon Musk's denial regarding the $25,000 EV cancellation. They feared SEC scrutiny and investor confusion. The company shifted focus to robotaxis. This decision led to internal concerns and market uncertainty. Tesla is facing declining sales and rising competition from BYD. The affordable EV remains unreleased. Musk's actions raised questions about transparency and future product strategy.
Tesla executives question Musk after he denies killing $25,000 EV project: Sources
Elon Musk denied reports Tesla canceled its $25,000 EV, confusing executives who knew it was scrapped. Internally, focus shifted to robotaxis, but investors were misled. The low-cost model, once key to Tesla’s growth, remains unreleased, raising concerns about transparency and regulatory scrutiny.
Copper in 2025: Navigating a tightrope between surging demand and constrained supply
Copper remains central to the global green transition, with demand rising sharply in Asia, especially China and India. While electrification and EVs drive consumption, supply constraints from aging mines, environmental rules, and geopolitical issues may fuel future deficits. Despite near-term volatility, long-term market sentiment stays bullish.
After Europe, now Tesla's sales crash in Canada's Quebec, Elon Musk's company sold only 524 cars in 3 months
Tesla faces a major sales drop in Canada, especially in Québec. Model Y and Model 3 sales plummeted in the first quarter of 2025. A federal rebate freeze might be the cause. The Canadian government suspended EV incentives. This happened after a surge in Tesla rebate requests. Tesla is also experiencing sales declines in Europe.
This $7,000 single-seat electric car is a big hit in Japan
KG Motors, a Japanese startup, plans to revolutionise the EV market. They are developing a small, affordable one-seater car. The 'mibot' aims to tackle Japan's narrow streets and aging population issues. Pre-sales are strong, surpassing Toyota's EV sales in Japan. The company focuses on rural areas with limited public transport. The mibot is expected to be available from October.
Bajaj Auto warns of EV disruption over China export hurdles
Bajaj Auto is facing potential electric scooter production disruptions starting in July due to China's restrictions on rare earth magnet exports. The company has submitted numerous applications for clearances, but none have been approved, raising concerns about meeting production targets.
Rare earth magnet bottleneck threatens Bajaj Auto’s EV output; Q4 profit rises 6% amid strong domestic demand
Bajaj Auto is facing potential electric scooter production disruptions starting in July due to China's restrictions on rare earth magnet exports, a critical component for EV motors. Despite submitting numerous applications, no clearances have been received, raising concerns about meeting production targets.
Xiaomi's Tesla Y rival YU7 hits showrooms in Beijing
Xiaomi has launched the YU7 across 13 of its showrooms in Beijing and will begin accepting orders in July. The company is aiming to replicate the success of its sporty SU7 sedan, which debuted last year and has consistently outsold Tesla's Model 3 on a monthly basis since December.
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