Europe must decarbonise as fast as possible while safeguarding essential economic, social and security interests. Decarbonisation without deindustrialisation needs carefully thought-out trade policy, and tariffs can be an effective instrument, explains T&E, summarising its recently released paper. Almost a fifth of all EVs sold in the EU last year were made in China. Over half of those were made by Western carmakers operating in China, but … [Read more...]
China’s CATL to cut its EV battery costs by up to 50% this year, heralding a price war
China’s CATL, the world’s largest producer of EV batteries, is saying it will slash the cost of its batteries by up to 50% this year as part of a price war with China’s second largest maker, BYD subsidiary FinDreams. The main cause is the overproduction of batteries in China: the oversupply means prices must fall. Muhammad Rizwan Azhar, Waqas Uzair and Yasir Arafat at Edith Cowan University look at the causes and implications, but add that … [Read more...]