{"id":41446,"date":"2024-06-14T08:00:18","date_gmt":"2024-06-14T08:00:18","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/chinese-electric-vehicle-makers-to-raise-overseas-investments-due-to-trade-barriers-fitch"},"modified":"2024-06-14T09:10:39","modified_gmt":"2024-06-14T09:10:39","slug":"chinese-electric-vehicle-makers-to-raise-overseas-investments-due-to-trade-barriers-fitch","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/chinese-electric-vehicle-makers-to-raise-overseas-investments-due-to-trade-barriers-fitch","title":{"rendered":"Chinese electric vehicle makers to raise overseas investments due to trade barriers: Fitch"},"content":{"rendered":"

Africa-Press – Lesotho. <\/strong><\/span>Electric vehicle (EV) manufacturers in China are expected to increase their investment in alternative markets and diversify production as they face escalating trade tensions in the EV sector and more trade barriers, Fitch Ratings said Thursday.<\/p>\n

The European Commission has recently unveiled duties it would impose on EVs imported from China, and those tariffs could undermine Chinese carmakers\u2019 growth prospects in the EU with higher pricing pressure and reduced competitiveness, it said in a statement.<\/p>\n

Chinese automakers BYD, Geely and SAIC will be subject to duties of 17.4%, 20% and 38.1%, respectively, on top of the ordinary 10%, said the rating agency.<\/p>\n

“Carmakers are likely to diversify production facilities globally, a trend in recent years,” it said. “We believe carmakers with diversified export destinations are more likely to withstand the risks of escalating trade barriers.”<\/p>\n

Fitch noted that BYD\u2019s top export markets also include Brazil, Thailand, Israel, Australia and Malaysia.<\/p>\n

The US, in addition, proposed tariffs hikes last month on Chinese EVs to 100%, which could also affect various key inputs to the EV supply chain, according to Fitch.<\/p>\n

“However, the direct impact of the US tariff hikes is currently limited, as Geely\u2019s Polestar is the only original equipment manufacturer exporting EVs directly from China to the US,” said the statement. “Most Chinese companies have been cautious due to the rising geopolitical tensions, and have limited their direct exposures to the US market.”<\/p>\n

For More News And Analysis About Lesotho Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Lesotho. Electric vehicle (EV) manufacturers in China are expected to increase their investment in alternative markets and diversify production as they face escalating trade tensions in the EV sector and more trade barriers, Fitch Ratings said Thursday. The European Commission has recently unveiled duties it would impose on EVs imported from China, and […]<\/p>\n","protected":false},"author":84,"featured_media":41445,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[3158,171,3157,2940,245],"class_list":["post-41446","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-carmakers","tag-china","tag-electric-vehicle-ev","tag-fitch-ratings","tag-lesotho"],"yoast_head":"\nChinese electric vehicle makers to raise overseas investments due to trade barriers: Fitch - Lesotho<\/title>\n<meta name=\"description\" content=\"Electric vehicle (EV) manufacturers in China are expected to increase their investment in alternative markets and divers ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/chinese-electric-vehicle-makers-to-raise-overseas-investments-due-to-trade-barriers-fitch\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chinese electric vehicle makers to raise overseas investments due to trade barriers: Fitch\" \/>\n<meta property=\"og:description\" content=\"Electric vehicle (EV) manufacturers in China are expected to increase their investment in alternative markets and divers ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/chinese-electric-vehicle-makers-to-raise-overseas-investments-due-to-trade-barriers-fitch\" \/>\n<meta property=\"og:site_name\" content=\"Lesotho\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-14T08:00:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-14T09:10:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2024\/06\/sm_1718336335.576992.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/chinese-electric-vehicle-makers-to-raise-overseas-investments-due-to-trade-barriers-fitch#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/chinese-electric-vehicle-makers-to-raise-overseas-investments-due-to-trade-barriers-fitch\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Chinese electric vehicle makers to raise overseas investments due to trade barriers: Fitch\",\"datePublished\":\"2024-06-14T08:00:18+00:00\",\"dateModified\":\"2024-06-14T09:10:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/chinese-electric-vehicle-makers-to-raise-overseas-investments-due-to-trade-barriers-fitch\"},\"wordCount\":255,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/chinese-electric-vehicle-makers-to-raise-overseas-investments-due-to-trade-barriers-fitch#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2024\/06\/sm_1718336335.576992.jpg\",\"keywords\":[\"carmakers\",\"CHINA\",\"electric vehicle (EV)\",\"Fitch Ratings\",\"Lesotho\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/lesotho\/all-news\/chinese-electric-vehicle-makers-to-raise-overseas-investments-due-to-trade-barriers-fitch#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/chinese-electric-vehicle-makers-to-raise-overseas-investments-due-to-trade-barriers-fitch\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/chinese-electric-vehicle-makers-to-raise-overseas-investments-due-to-trade-barriers-fitch\",\"name\":\"Chinese electric vehicle makers to raise overseas investments due to trade barriers: Fitch - 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