In the evening of 26 June, Xiaomi Auto's second product YU7 was officially listed.Subsequently, the company's official microblogging said that the 3-minute YU7 big set to break through 200,000 units.As of about 22:45 pm, Xiaomi's US ADR rose about 8.24%.According to reports, the Xiaomi YU7 has a length, width and height of 4,999mm, width of 1,996mm and height of 1,600mm, with a wheelbase of 3 meters, and is priced at 253,500 yuan for the standard version, 279,900 yuan for the PRO version and 329,900 yuan for the Max version.Judging from the pricing, the YU7 is mainly targeting the mid-size SUV market.Lei Jun said at the launch that the Model Y has been the top seller in the segment for many years, and he made a detailed comparison between various parameters of the YU7 and the Model Y.However, he also said that Tesla is still much ahead in terms of energy consumption and FSD.Similar to the listing of SU7, before the new car was listed, Lei Jun kept making noises through social platforms to build momentum for YU7.On 25 June, Lei Jun wrote that Xiaomi YU7 will be a key test for Xiaomi Automobile, because SUV is the real main battlefield of the automotive industry, and YU7 is about to usher in the most brutal competition.In the 200,000 to 300,000 yuan class pure electric SUV market, in addition to the Tesla Model Y, this segment also has Xiaopeng G9, Azure ES6 and other products.In addition, the range-extended electric vehicles launched by Li auto, AITO, and Luxeed are also located in this price range.This means that the price zone where the Xiaomi YU7 is located is very competitive.YU7 is the second product launched by Xiaomi Auto, the first car SU7 current monthly sales amount to nearly 30,000 units or so.Although SU7 has a good market performance after the listing, but millet car is still facing the problem of rebuilding security trust.In March this year, a fatal car accident that occurred in Tongling, Anhui Province, put Xiaomi SU7 into the limelight.The incident was followed by regulatory corrections on publicity issues such as assisted driving.The following May, Lei Jun responded to the impact of the SU7 accident in an internal speech, saying that Xiaomi had been subjected to a furious storm of questions, criticisms and accusations, and that traffic accidents were unavoidable, but that he hadn't expected the accident to hit Xiaomi so hard.He said, "millet is no longer a newcomer to the industry, there is no rookie protection period in any industry, to have higher standards and goals."On the other hand, Xiaomi Auto has also been embroiled in a storm of false propaganda and other controversies over the SU7 Ultra carbon fibre hood controversy, which has sparked some controversy with the view that Xiaomi Auto has always been more high-profile in terms of marketing.With the intensification of market competition, more and more car companies are beginning to reflect on this marketing model, trying to win the market by improving product power and service quality.At this conference, Lei Jun also emphasised the importance of safety.He said that safety is not just about luxury, but safety is the prerequisite and foundation.Although the launch of YU7 may have a certain diversion effect on potential SU7 buyers, the industry still believes that millet car sales are expected to grow further.Along with its sales growth, millet car is expected to achieve a single quarterly profit. 3 June, Lei Jun said at the millet investor conference, millet car business losses are gradually narrowing, is expected to achieve profitability in the third and fourth quarters of this year.Xiaomi group financial report shows that in the first quarter of 2025, millet intelligent electric vehicles and AI and other innovative business segments total revenue of 18.6 billion yuan, accounting for 16.71% of the total revenue of millet group, intelligent electric vehicle revenue of 18.1 billion yuan, up 10.7% compared to the previous quarter, the operating loss narrowed to 500 million yuan.The "2024 Xiaomi Automobile New Four Layout Analysis Report" published by Zosi Automobile Research and Development said that Xiaomi Automobile has multiple advantages, such as the company's abundant capital, high brand awareness, large fan base, excellent marketing and pre-sale activities.However, Xiaomi Auto also has some shortcomings, including insufficient experience in car manufacturing, insufficient R&D accumulation, and the need to polish software and manufacturing quality.According to the aforementioned report, Xiaomi's challenge is undoubtedly huge as it crosses over directly to building its own automotive factory and manufacturing cars under the premise that all of its mobile phones are OEM.For example, the company has relatively insufficient technical accumulation in battery management, in-vehicle systems, power batteries, and autonomous driving development; insufficient investment in EE architecture, automotive basic software, and charging and switching facilities; and insufficient accumulation in batteries, hybrids, chassis, and manufacturing.Declaration: This article comes from China Business News.If copyright issues are involved, please contact us to delete.

In recent years, the proportion of new energy vehicles in passenger cars has continued to rise. By the end of 2024, the national ownership has reached 31.4 million vehicles, and the installed capacity of power batteries has been the world's leading for many years.

On June 6, Japan's Suzuki Motor Corporation announced that some of its automobile production lines in Japan had temporarily stopped operating due to the failure of rare earth material parts from China to arrive on time.

Auto tariffs have always been a top priority in US President Trump's trade and tariff policies. On April 9, the Trump administration announced that it would suspend the implementation of "reciprocal tariffs" for some countries and regions for 90 days, but auto tariffs were not included in the suspension.

"Time waits for no one. The current market environment has no room for error for Geely Auto." At the Geely Automobile Holdings Co., Ltd. (hereinafter referred to as "Geely Auto") 2025 first quarter performance conference in mid-May, Geely Auto CEO and Executive Director Gui Shengyue said that this is the basic logic for Geely to merge so quickly.

In 2025, the technological development of the automotive industry entered a new stage. As intelligent technology advances, new battery technology for electrification has also made new progress.Compared with liquid batteries, the safety, energy density, and service life of solid-state batteries have all been improved. The latest research report of the Chebai Think Tank under the China Electric Vehicle Hundred People's Association, "All-solid-state batteries are expected to lead a new round of battery revolution", believes that the current energy density of liquid lithium-ion batteries is close to the upper limit (about 350Wh/kg), while the energy density of all-solid-state batteries is expected to exceed 500 Wh/kg, and has the potential for "technological disruption" in product performance. Therefore, solid-state batteries have been regarded as an important development direction for the next generation of batteries by major power battery manufacturers and new energy vehicle companies, but they still need to overcome problems such as technology and high costs.Yang Chenglin, head of the solid-state battery project of the BYD Group Research Institute, said that the problems faced by solid-state batteries include excessive cost (the cost of all-solid-state batteries reaches 5 yuan/Wh) and high operating pressure (the pressure required for the operation of all-solid-state batteries is at the megapascal level).However, in the past year, with the continuous iteration of technical processes, the cost of raw materials required for solid-state batteries has dropped significantly. Yang Chenglin said that, for example, the lithium sulfide required for solid electrolytes can be sold at a price of 1,000 yuan per kilogram in large quantities.As the cost of raw materials drops, manufacturers in the industry chain are also accelerating the mass production of solid-state batteries. On May 17, Guoxuan High-tech released six new batteries, including the G-Yuan quasi-solid-state battery with a range of 1,000 kilometers. Among them, the all-solid-state battery has entered the pre-production stage. B&T also recently released a comprehensive solution for solid-state battery materials, covering semi-solid and all-solid-state battery materials, with a layout involving positive, negative, and electrolytes, and has the technical conditions for mass production. The Hunan Enjie Sulfide Solid Electrolyte Material Pilot Production Line Project under Enjie Co., Ltd. has landed in Yuxi this month. After the project is fully completed and put into production, it is expected to form an annual production capacity of 1,000 tons of sulfide solid electrolyte materials.In practical applications, solid-state batteries are accelerating their adoption. Changan Automobile released a solid-state battery with a capacity of 400wh/kg and a range of 1,500 kilometers. The first prototype will be launched at the end of 2025. SAIC's new generation of solid-state batteries will be mass-produced and applied to the new MG4 at the end of this year. GAC Group has initially opened up the full-process manufacturing process of solid-state batteries and will install them on Wubo models in 2026. BYD will start mass demonstration and installation of all-solid-state batteries around 2027, and realize large-scale installation after 2030.It is worth mentioning that the transition of power batteries from liquid to all-solid state, and the semi-solid-state batteries in the intermediate transition period are also controversial. Zeng Yuqun, founder and chairman of CATL, bluntly stated that some car companies over-promote the maturity of solid-state battery technology, which is actually misleading the public and investors. He said: "It is irresponsible to say that solid-state batteries will be widely used in 2025. It takes at least 8 to 10 years for solid-state batteries to go from laboratory samples to mass production. At present, most of the so-called "solid-state batteries" are semi-solid or quasi-solid, and still contain a certain proportion of liquid electrolytes, which are fundamentally different from true all-solid-state batteries."Liu Yang, director of the solid-state R&D department of Enjie Co., Ltd.'s Global Research Institute, predicts that around 2030, the proportion of liquid batteries will still account for more than 90% of the market share. At the same time, semi-solid/solid-liquid hybrid batteries have been put on the bus, and the development of the entire industrial chain is accelerating; Enjie Co., Ltd. has also laid out key raw materials for sulfide all-solid-state batteries to accelerate the industrialization process of all-solid-state batteries.The above judgment is based on the high cost of all-solid-state batteries. The current liquid lithium batteries have better cost-effectiveness. Therefore, solid-state batteries will be used in certain sub-sectors such as deep space (aerospace), deep sea, deep earth, etc., and the market applications now and in the future will still be dominated by liquid lithium batteries and semi-solid-state batteries.Yang Chenglin said that the annual compound growth rate of the solid-state battery market will be 30% in the next ten years, reaching 500GWh by 2035, of which sulfide all-solid-state batteries will account for about 41% and semi-solid-state batteries will account for about 33%.From the industry perspective, semi-solid-state batteries and solid-state batteries are constantly moving forward with discussions. According to incomplete statistics from the Research Center of the Power Battery Application Branch of the China Chemical and Physical Power Sources Industry Association, in the first quarter of 2025, domestic solid-state and semi-solid-state battery projects will invest about 18.8 billion yuan, involving a production capacity of 48.3GWh, mainly in new energy vehicles and high-end energy storage scenarios.The "Key Points for Industrial and Information Technology Standards Work in 2025" issued by the Science and Technology Department of the Ministry of Industry and Information Technology proposed to strengthen the top-level design of standard work in key areas, and solidly promote the "Implementation Plan for the New Industry Standardization Pilot Project (2023-2035)", establish and improve the standard system of intelligent manufacturing, all-solid-state batteries, industrial Internet, cloud computing, smart homes, and automotive carbon footprint, and build high-quality development services for the industry with high-level standards.Zheng Yali, assistant secretary-general of the China Society of Automotive Engineers and vice president of the National Automotive Strategy Institute, believes that the selection of solid-state battery electrolytes must take into account conductivity, processability, stability and manufacturing costs. There are currently two main technical routes that are closer to industrialization, one is sulfide electrolytes, and the other is polymer composite electrolytes. The mass production and application of all-solid-state batteries also need to focus on breakthroughs in key scientific issues at the material level and efficient production processes/low costs at the industrial level. It is expected that an all-solid-state battery pilot line will be established around 2027 and a prototype vehicle will be launched. Around 2030, it will be possible to achieve small-scale mass production of all-solid-state batteries and install them on vehicles.Source: YICAIDeclaration: This article comes from the YICAI.If copyright issues are involved, please contact us to delete.

China International Auto Parts and Aftermarket Fair Hangzhou 2025 will be held on 21st -23rd April at Hangzhou Grand Convention & Exhibition Center. Hangzhou, a globally renowned ‘digital economy’ innovation highland, will usher in a professional exhibition for the auto parts industry.Coverage of the whole industry chain to build a new ecology of industrial synergy CAPAFAIR, as an influential brand of auto parts and aftermarket trade show, comes to Hangzhou for the first time and attracts more than 800 exhibitors from 21 provinces, municipalities and autonomous regions in China, such as Zhejiang, Hebei, Jiangsu, Shandong, as well as Hong Kong, with an exhibition area of 30,000 square metres, which opens up a new chapter of the international development of the auto parts industry.The exhibition focuses on the transformation and upgrading needs of the automotive industry, with exhibits covering six core sectors, namely, automotive parts and components, automotive electrics and electronics, automotive supplies and modification, digital and intelligent systems, repair, testing and maintenance, and processing technology and equipment, to build up a full-chain display matrix across R&D, production and sales, and to provide the industry with a one-stop purchasing and industry exchange platform.Industrial Cluster Linkage Activates New Dynamic Energy of Regional Economy Relying on the advantage of ‘block economy’ in Zhejiang, CAPAFAIR Hangzhou attracts enterprises from core industrial zones such as Yangtze River Delta, Pearl River Delta, Beijing, Tianjin and Hebei to participate in the exhibition, forming the synergy effect of ‘industrial base + professional exhibition’. Synergistic effect.As a strong auto parts manufacturing province in China, nearly 400 leading auto parts enterprises from Taizhou, Wenzhou, Ningbo, Hangzhou and other places in Zhejiang will focus on displaying their profound accumulation in the field of traditional auto parts and constant breakthroughs in high-tech fields; Jiangsu is an important automotive industry base in China, and more than a hundred auto parts enterprises from Nanjing, Yangzhou, Changzhou, Wuxi, etc., will deeply interpret Jiangsu's automotive industry in the optimisation of parts manufacturing processes, the development of the automotive industry, the development of the automotive industry, and the development of the automotive industry in Jiangsu, and the development of the automotive industry in China. Jiangsu is an important automotive industry base in China, more than a hundred auto parts enterprises from Nanjing, Yangzhou, Changzhou, Wuxi and other places will deeply interpret the advanced technical achievements of Jiangsu automotive industry in the optimisation of parts and components manufacturing process, production process refinement management, etc. Shandong is one of the most complete provinces in the country's automotive industry, and nearly a hundred Shandong enterprises from Jinan, Qingdao, Liaocheng, etc. will join hands to show the strong strength of Qilu in the precision machining of automotive parts and components and layout of new energy vehicle whole industry chain.Convergence of international resources Opening up a new channel for overseas trade In 2024, Hangzhou achieved a total value of 854.94 billion yuan of foreign trade imports and exports, doubling the total value in ten years, of which the cross-border e-commerce turnover exceeded 150 billion yuan.Leveraging the advantages of Hangzhou cross-border e-commerce pilot zone, CAPAFAIR Hangzhou to create a ‘dual-track’ development pattern, on the one hand, connecting with the Canton Fair, through the accommodation subsidies and other policy subsidies to attract the Canton Fair Phase I automotive parts purchasers and overseas buyers; on the other hand, linkage with the Jitterbug, Walmart and other platforms, to provide exhibitors with E-commerce policy interpretation, cross-border e-commerce training, overseas warehouse resource docking and other services.At present, the number of pre-registered buyers is nearly 10,000, and hundreds of registration confirmations have been received from overseas buyers from Pakistan, Germany, Brazil, the UK, India, Canada, Bangladesh, Afghanistan, Colombia, Saudi Arabia, the Philippines and other countries and regions, and some of the buyers have submitted their purchasing lists in order to more accurately match the exhibitors. There are even professional buyers such as cross-border e-commerce/electronic merchants, OEMs and their first and second tier suppliers, and automotive aftermarket agents/wholesalers/distributors.Focusing on Hot Topics in Current Politics and Talking about New Opportunities for Industry Development Under the dual driving force of globalisation and digital transformation, enterprises are facing both challenges and opportunities. CAPAFAIR Hangzhou focuses on the hot topics in society and the forefront of the industry, and will organise four concurrent events during the exhibition, which will focus on two core topics, namely, ‘Response to Tariff Policy’ and ‘Expansion of E-commerce Channel’. The four concurrent events will be held during the show, focusing on the two core topics of ‘Tariff Policy Response’ and ‘E-Commerce Channel Expansion’, to build an in-depth communication platform for exhibitors and industry experts, and to grasp the opportunities of digital growth.With the frequent adjustment of US tariff policy, the auto parts industry has suffered unprecedented impact. Ningbo Auto Parts Industry Association hosted the ‘U.S. tariffs under the impact of the plight of auto parts enterprises and the way out’ activity for auto parts manufacturing enterprises to provide a breakthrough idea; ‘Lao Zhang in-depth analysis: tariff war under the road of auto parts’ is directly facing the auto parts procurement, sea ‘Lao Zhang's In-depth Analysis: The Road of Auto Parts under the Tariff War’ directly addresses auto parts procurement, going overseas, and other tariff-related issues, helping enterprises to cope with the challenges of international market.Now, the auto parts industry is ushering in the golden window of cross-border e-commerce development, CAPAFAIR Hangzhou invited Jitterbug, Walmart and other e-commerce giants to hold activities such as ‘Walmart's global e-commerce opportunities and platform policy introduction’, ‘Tiktok's e-commerce business comprehensive business of the automobile and motorcycle industry merchants stationed in the rights and interests of the publicity’, and other activities for exhibitors. "These activities provide exhibitors with the dual empowerment of global layout and localised operation, and help the auto parts industry accelerate its integration into the global value chain.In addition, as an important practice of Hangzhou's digital economy development, the exhibition deeply integrates the concept of ‘Internet +’ and innovatively launches an online exhibition service platform - capafair.com, which deeply integrates four core functions of exhibition, trade docking, industry information and business social networking. The platform deeply integrates the four core functions of exhibition display, trade docking, industry information and business socialising to create a ‘never-ending’ ecosystem of the auto parts industry.China International Auto Parts and Aftermarket Fair Hangzhou 2025 will held in April, the most beautiful time in Hangzhou, with the glistening water of the West Lake and the willow waves of the Su Causeway. It is not only an important opportunity for global auto parts colleagues to discuss cooperation and seek common development, but also the best season to enjoy the lakes and mountains in Hangzhou in spring, so let's meet in April and go to Hangzhou to share the spring colour!

On 14 April, the State Council Information Office held a press conference, the General Administration of Customs spokesman, Director of the Department of Statistics and Analysis, Lv Daliang, introduced that China's new energy products continue to play an important role in the global green transition, in the first quarter of 2025, the export of electric vehicles increased by 8.2%. According to the latest statistics of China Association of Automobile Manufacturers (CAAM), China's new energy vehicle exports increased significantly in March, with year-on-year growth of more than 20%.Industry experts and car companies said that the overseas auto market is far from saturated, many places contain rich market potential, China's new energy vehicles with technology research and development and other advantages, is expected to achieve sustained growth in exports in the future.New Energy Vehicle Exports Grow Significantly ‘The export of complete vehicles has maintained steady growth, of which the growth of new energy vehicle exports is particularly significant.’ The person in charge of the China Association of Automobile Manufacturers (CAAM) told reporters that in March, China's auto exports were 507,000 units, up 14.9 per cent sequentially and 1 per cent year-on-year.In March, China's new-energy vehicle exports were 158,000 units, up 20.1 per cent sequentially and 26.8 per cent year-on-year.According to the statistics of the China Association of Automobile Manufacturers (CAAM), in March, seven of the top ten Chinese companies in vehicle exports achieved positive growth in exports. Among them, Chery's exports reached 86,000 units, up 2.8 per cent year-on-year, accounting for 17.1 per cent of total exports. Compared with the same period of the previous year, BYD's export growth rate was the most significant, with exports reaching 73,000 units, up 88.4 per cent year-on-year. In the first quarter, the vehicle exports of the top ten companies, Chery exports amounted to 254,000 units, an increase of 0.1 per cent year-on-year, accounting for 17.9 per cent of total exports. BYD's export volume reached 214,000 units, an increase of more than 120% year-on-year.The rapid growth of China's new energy vehicle export sales has demonstrated its strong international competitiveness. Geely Automobile Group CEO Kam Jia read to reporters that Chinese automotive products in the global competition is very advantageous, especially new energy vehicles, its core technology strength has surpassed all joint venture brands. At the same time, China's new energy vehicle enterprises are also accelerating the promotion of globalisation layout, focusing on the development of global products. ‘Take Geely Galaxy brand as an example, the new energy models are basically developed and deployed synchronously according to global standards.’ Kam Ka Read said.‘China's new energy vehicles, whether it is technology, products or industrial chain, leading the world for about 3 to 5 years, should grasp this window period, adhere to the opening up of innovation, to a higher level of green technology and products to promote a higher level of opening up to the outside world, and to go out to the sea in the complementarity of advantages and open cooperation.’ BYD Chairman Wang Chuanfu recently said at the China Electric Vehicle 100 Forum (2025) high-level forum.Industry experts told reporters that the rise of China's new energy vehicles no longer relies on low price competition, but on technology and quality to win the respect of overseas consumers. As a typical example of export growth, BYD's new-energy vehicles are generally sold at higher prices in overseas markets such as Europe than at home, but still offer a high price-performance ratio. In its review of the BYD ATTO 3, the German media DW (Deutsche Welle) appreciated its large centre-control rotating screen and unique interior design, which are rarely seen in other models. Relying on new technology and product power, BYD Seal's starting price in the European market is already higher than that of the BMW 3 Series.New Energy Vehicle Overseas Share Enhancement Space Looking into the future, the industry generally believes that China's new energy vehicle exports still have a broad space for development. Cui Dongshu, secretary-general of the Association, said that China's global share of automobiles accounted for about 35 per cent, of which, less than 28 per cent of the independent brand, which is a huge latecomer's advantage relative to other manufacturing products.‘China's car exports to the United States accounted for a tiny proportion, especially the independent brand basically did not sell in the United States.’ Cui Dongshu introduced to the reporter, including new energy vehicles, Chinese cars exported to the United States in 2024 only 116,000 units, in the overall number of Chinese car exports accounted for only 1.81%.From the preliminary statistics of global auto sales from January to February 2025, China's own brand car sales in North America are still low, the main sales distribution in Mexico. In addition, China's own brand in Southeast Asia, the southern hemisphere and other market share is not high, the European market excluding Russia's sales share is also at a relatively low level. ‘There is still a lot of room for China's own-brand cars to improve their share in many places overseas.’ Cui Dongshu said.Chinese new energy vehicle companies are strengthening cooperation and exchange related to going overseas. Spanish Prime Minister Sanchez visited China on 10-11 April. Sanchez met with Zhu Jiangming, chairman of Zero Run Automobile, a representative enterprise of China's new energy automobile field, and the two sides carried out in-depth communication and exchange. Sanchez recognised the ability and potential of Zero Run Auto, and hoped that the two sides could develop further cooperation. Up to now, Zero Run Auto has established nearly 500 sales outlets in 14 countries in Europe, all of which have sales and after-sales service functions. Zero Run Auto is accelerating the layout of the European core market.The person in charge of Zero Run Automobile told reporters that Spain, as the second largest auto producer in Europe, has an important position in the global auto industry and has become one of the home bases for Chinese new energy automobile enterprises to enter Europe. Continuous co-operation in the field of new energy has become one of the key discussions between the two sides, which is undoubtedly good news for China's new energy vehicles and supporting enterprises to speed up the pace of overseas.China's new energy vehicle enterprises are full of confidence in future exports. As the first new car-making force to complete the delivery of 10,000 vehicles in Europe, He Xiaopeng, chairman of Xiaopeng Auto, said that Xiaopeng Auto's goal is to achieve coverage of 60 countries and regions in 2025, build more than 300 overseas service outlets, rank among the top three Chinese auto brands in terms of export volume in 2027, and realise that half of its sales volume will come from overseas in 2033. ‘I hope that when overseas car owners come into contact with Chinese new energy vehicles for the first time, the deep impression they are left with is “intelligent and technologically advanced”, rather than a car that is not fun to drive.’ He said.‘Many countries don't have the infrastructure and construction system that China has, and many places have narrow streets where consumers prefer smaller cars.’ Cui Dongshu said that China's new energy automobile industry should achieve stronger international development, deepen cooperation efforts with more national markets, develop new energy vehicle categories that are in demand locally, and especially encourage the popularity of small new energy electric vehicles and other vehicles in the local market, as well as achieve upgrades such as plug-in hybridisation of fuel vehicles in overseas markets in response to the actual needs of consumers, and use energy-saving, low-carbon, and intelligent Chinese manufacturing to benefit the local people. Source: Shanghai Securities NewsSource: Shanghai Securities News

The U.S. decision to impose 25% tariffs on all imported cars and key auto parts since 3 April is triggering a domino effect, with car companies reacting differently in recent days. Among them, Stellantis Group, citing the tariffs as the reason, announced the layoff of 900 employees in five U.S. parts factories and the temporary suspension of some factories in Canada and Mexico. Jaguar Land Rover announced a one-month suspension of shipments to the United States. General Motors decided to increase production of pickup trucks at its U.S. plant in Indiana. Meanwhile, U.S. consumers are scrambling to buy stockpiles of cars not affected by the tariffs.Weighing the rising costs, car companies have come up with countermeasures Previously, the United States imposed a 2.5 per cent tariff on imported passenger cars and a 25 per cent tariff on trucks. After the 25 per cent tariff increase, the tariffs on passenger cars and trucks soared to 27.5 per cent and 50 per cent respectively. In addition to the entire vehicle, key components such as engines, transmissions, powertrain parts, electronic components and other key components also face the fate of paying an additional 25 per cent tariff. The move will undoubtedly make the cost of imported vehicles steeper.Once the move was announced, it triggered intense concern and vibration among global car companies, parts manufacturers and major economies. According to S&P Global Mobility (S&P Global Mobility), nearly half of the roughly 16 million new cars sold in the U.S. in 2024 will be imported. Among them, Mexico is the largest supplier of cars to the United States, followed by South Korea, Japan, Canada and Germany.Highly dependent on the North American industrial chain and the North American market, Stellantis Group took the lead in the response, which was announced on 3 April local time, by the U.S. tariff policy on imported cars, Stellantis decided to lay off five U.S. parts plants 900 employees, and suspend the production business of two assembly plants in Canada and Mexico.It is reported that the five U.S. plants, including the Warren, Michigan, stamping plant, mainly produces powertrain and stamping parts and components, and supplied to the assembly plants in Canada and Mexico. And now, as a result of the tariffs, the Chrysler assembly plant in Canada will be shut down for a fortnight this month and the Jeep assembly plant in Mexico will be shut down for a month. ‘The medium- to long-term impact of the tariffs on operations is being assessed on an ongoing basis.’ Antonio Felosa, Stellantis' chief operating officer for the Americas, said.Jaguar Land Rover has also announced a one-month suspension of vehicle exports to the US from 7 April. However, it is worth noting that Jaguar Land Rover had already stockpiled inventory in the US for two months before the tariff measures came into effect, and the company is considering measures to cope with the impact of the tariffs such as raising its selling price in the US, reducing costs and shifting to other markets. Currently, the U.S. is Jaguar Land Rover's largest single market, and Jaguar Land Rover exports nearly 100,000 vehicles to the U.S. each year, accounting for about nearly one-fourth of its total global sales. Other carmakers are also considering ways to cope with the rising costs. For example, Volkswagen Group plans to add import fees to the list price of cars shipped to the U.S.; Mercedes-Benz is considering withdrawing entry-level models from the U.S.; and Aston Martin, Ferrari, Porsche, Audi and others are considering raising the U.S. price of their cars to offset the impact of tariffs. More than 30,000 Audi vehicles in stock are still available for sale, but it has notified dealers that it is suspending deliveries of vehicles arriving at U.S. ports after 2 April.Of course, Trump doesn't care. He has said he ‘doesn't care’ if car companies raise prices as a result of the tariffs. He believes that permanent tariffs on foreign-made cars will increase sales of locally made cars in the United States. He has even said that he wants car companies to raise prices because if they do, people will buy American-made cars.In fact, in response to the tariffs, some car companies are adjusting their production and increasing their output in the United States. As recently as 3 April, General Motors said its plant in Fort Wayne, Indiana, plans to increase production of light trucks. GM CEO Mary Borah also hinted at this at the beginning of the year, when she said, "We have plants in Mexico, Canada, and the U.S. that produce trucks. So we have the ability to shift some of that capacity."U.S. consumers set off a rush While Trump doesn't care about car companies raising prices, the average American consumer clearly cares a great deal. Trump signed an executive order on 26 March to increase tariffs on imported vehicles by 25%, which came into effect on 3 April. In time for the tariffs to hit, and for more than a week in between, U.S. consumers snapped up cars in a big way, as they feared the tariffs would cause car prices to rise sharply. According to industry estimates, the 25 per cent tariff increase will raise the price of cars in the US by thousands of dollars.With dealer inventories being emptied at a rate visible to the naked eye, U.S. sales by major automakers were sharply higher in March, in stark contrast to the car market's weak performance at the start of the year. For example, Toyota was up 8 per cent year-on-year, Honda was up 13 per cent, Ford was up 10 per cent and Hyundai was up 13 per cent. For its part, GM said the company's first-quarter sales were up nearly 17 per cent, with stronger sales of some models imported from Mexico and South Korea.According to industry data firm Wards Intelligence, U.S. new-vehicle sales were about 3.91 million in the first quarter, up 4.8 per cent from a year earlier. That growth was particularly notable in the 19.2 per cent increase in electric vehicle sales. ‘If we don't buy now, we may both lose the subsidy and pay more tariffs in the future.’ It's this consumer concern that seems to be the most important factor in the short-term boost to the U.S. electric car market. Of course, it's not just cars, either; with the full imposition of tariffs in the U.S., a rush of purchases has been triggered within the U.S., with all sorts of goods being snapped up in supermarkets, from toothpaste and soap to electronics.In addition, considering the pillar role of automobiles in several countries, it's not just car companies and U.S. consumers who are anxious.On 3 April, Japan's Ministry of Economy, Trade and Industry (METI) announced the establishment of a ‘U.S. Tariff Countermeasures Headquarters’ to provide a series of support policies, including loans, for export enterprises affected by the tariffs.On 6 April, South Korean government officials said that the South Korean government plans to provide 3 trillion won (about RMB 15 billion) of emergency financial support to the automotive industry to ease the blow of the new US 25% tariffs. It is learnt that South Korea is one of the countries most seriously affected by the tariffs, with its car exports to the US accounting for nearly half of its total overseas car sales.In addition, the WTO said on 7 April local time that Canada had requested WTO dispute consultations on the US auto tariffs, and the request was circulated to WTO members on the 7th.Source: China Automotive News

April 21-23, 2025 Hangzhou International Auto Parts Show will be held in Hangzhou Convention and Exhibition Centre! We sincerely invite global auto parts industry colleagues to visit us and enjoy VIP services.Free registration, one step aheadScan the QR code below to pre-register, please complete the pre-registration before 24:00 on 20 April 2025 (Early registration can enjoy multiple gifts).Scan the QR code to complete the registrationAfter completing the registration, you can click ‘Hangzhou in April’ on the bottom menu bar of ‘CAPAFAIR’ WeChat public number, click ‘Register’, and then click ‘Get Confirmation Letter’ to get the QR code. Click on ‘Extract Confirmation Letter’ and get the QR code, then you can scan the code or swipe your ID card to enter the fair.Join VIP and enjoy the honourable serviceRegister as a VIP buyer in advance, you will enjoy the following services:1. Free freshly ground coffee every day during the exhibition;2、One exclusive exquisite gift for 2025 Hangzhou International Auto Parts Show (while stocks last);3、The key cities will open direct buses to the exhibition (please pay attention to the follow-up information of the public number for bus information);4、Intelligent supply and demand matching will be carried out online according to the purchasing list provided;5、Regularly push CAPAFAIR exhibition, exhibitors, products and other related information;Group participation, unlimited surprisesInvite friends in the auto parts industry to exhibit together, or organise industry peers to form an exhibition group, you will have the opportunity to obtain:1、Excellent exclusive gift;2、Business lunch (one for each member of the group);3、Free bus transfer to key cities;4, customised group banner to commemorate the photo (provide high-definition original film);5、Collect the purchasing needs of the group in advance and recommend matching exhibitors for pairing;Moreover,Overseas buyers enjoy the following preferential policies：1.Foreign buyers based in China can enjoy one night of free accommodation.2.Foreign buyers who have just entered China for less than a week, can enjoy two nights of free accommodation. （Deposit of 200RMB per person in advance, refundable upon check-in.）3.Foreign buyers invited to the 137th Canton Fair can enjoy a subsidy of 300 CNY per person with their Canton Fair Badge and passport..Foreign buyers who have just entered China for less than a week, can enjoy two nights of free accommodation.Scan the QR code below for more group offers and contact the organisers for more information.                   WeChat                                        WhatsApp