China’s auto stocks rise unfazed by U.S. proposal to ban Chinese car parts

China’s auto stocks rise unfazed by U.S. proposal to ban Chinese car parts

Rows of new energy vehicles are parked at Changan Automobile’s vehicle distribution center in Chongqing, China, on January 14, 2024.  Costfoto | Nurphoto | Getty Images Shares of Chinese automakers climbed Tuesday, shrugging off a U.S. government proposal to ban certain types of vehicles equipped with car parts from China and Russia, amid a broad … Read more

EV Sales Are Up In The U.S. For Every Automaker But Tesla

EV Sales Are Up In The U.S. For Every Automaker But Tesla

Good morning! It’s Thursday, July 18, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. The Zeekr 001 Promises the Most Battery Range of Any EV at 641 Miles 1st Gear: EV Sales … Read more

Donald Trump Has A Lot Of Thoughts About EVs. Most Of Them Are Wrong

Donald Trump Has A Lot Of Thoughts About EVs. Most Of Them Are Wrong

Former President Donald Trump recently sat down with Bloomberg for a wide-ranging interview, but as it turns out, he has a lot of thoughts about EVs and imported cars, and most of them are very wrong. Ed Begley Jr. On The Past And Present Of Electric Vehicles Trump actually told Bloomberg he has “no objection … Read more

Democrats ask Raimondo for more oversight on CHIPS funding

Democrats ask Raimondo for more oversight on CHIPS funding

U.S. Secretary of Commerce Gina Raimondo testifies during the House Science, Space and Technology Committee hearing titled “Chips on the Table: A one year review of the CHIPS and Science Act,” in the Rayburn Building in Washington, D.C., on Sept. 19, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images WASHINGTON — A group … Read more

U.S. Indo Pacific economic engagement ‘isn’t about China,’ Raimondo says

U.S. Indo Pacific economic engagement ‘isn’t about China,’ Raimondo says

America’s economic engagement in Indo-Pacific “isn’t about China” but for strengthening its presence in the region, U.S. Commerce Secretary Gina Raimondo told CNBC.   President Joe Biden launched the Indo-Pacific Economic Framework for Prosperity, involving14 countries, about two years ago, for economic and trade cooperation among the member states. The IPEF was also seen as … Read more

CHIPS Act last $6 billion in semiconductor award money

CHIPS Act last  billion in semiconductor award money

The rollout of the Biden administration’s CHIPS Act award money has so far focused on providing major awards for major companies, with just four leading-edge semiconductor manufacturers receiving the lion’s share of the $33 billion that has been allocated to this point. Now, with $6 billion remaining, the focus is shifting to sending smaller awards … Read more

Fears Over Chinese Cars Finally Hits The White House

Fears Over Chinese Cars Finally Hits The White House

Good morning! It’s Thursday, February 29, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. 2024 Polestar 2: Your Questions, Answered 1st Gear: Biden Weary Of Chinese Cars U.S. officials are going to … Read more

U.S. set to become a major leading edge logic chip maker: Raimondo

U.S. set to become a major leading edge logic chip maker: Raimondo

U.S. Secretary of Commerce Gina Raimondo testifies during the House Science, Space and Technology Committee hearing titled “Chips on the Table: A one year review of the CHIPS and Science Act,” in the Rayburn Building in Washington, D.C., on Sept. 19, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images WASHINGTON — The Biden … Read more