Car news today: China fights back with proposed tariffs for EU ICE cars, BMW’s 1 Series hatch will get an i1 electric sibling, and more – 21 June 2024

Thanks for joining us this Friday June 21st 2024. Notably in car news today: Chinese automakers are proposing to add high tariffs for European ICE cars entering China in response to tariffs in the EU and USA, and BMW is developing an electric 1 Series, called i1, which will exist alongside its combustion sibling.

Browse this issue:

  • China planning to fight back against EU tariffs: report 
  • BMW 1 Series to go electric, likely to be called i1: report 
  • Hyundai announces 2025 pricing and upgrades for its Staria van 
  • Bugatti reveals first supercar, the Tourbillon, since the Chiron

Chinese automakers fight back against EU, propose tariff on large European ICE cars 

2024 MG4 XPower green rear badge
Chinese automakers, including MG, have had tariffs placed on them in several markets
  • Chinese automakers are planning a fight-back against the 38.1 percent tariff recently placed on their electric vehicles by the European Union. Reports from Car News China state they’re planning to put their own tariffs on large European combustion vehicles. 
  • Meetings have reportedly been called with the Chinese Ministry of Commerce and four unnamed Chinese automakers to impose a strict 25 percent tariff on large European combustion vehicles imported into the Chinese market. 
  • Although still unconfirmed, this could mean that brands such as Volkswagen, Audi, Skoda, Mercedes-Benz and BMW could have a much harder time in future when importing and selling vehicles in the Chinese market. 
  • Several Chinese brands, including BYD and MG, are already working against new tariffs by building production facilities in Europe. BYD is currently building a plant in Hungary and GWM is aiming to also build a plant in Europe very soon. 
  • According to Car News China, around 250,000 ICE cars with a 2.5-litre engine capacity or higher were imported into China during 2023. 

Next BMW 1 Series to go all-electric, use i1 name: report 

2025 BMW 1 Series duo front and rear angle shot
A fully-electric 1 Series is set to live alongside a combustion version
  • BMW is already readying to turn its 1 Series into an all-electric hatch, according to detailed reports from Autocar.
  • According to the UK auto outlet’s sources, the BMW 1 Series is set to take the nameplate i1, while the 2 Series will be called, unsurprisingly, the i2
  • However, BMW is set to sell the electric 1 Series alongside the combustion variants when they launch in the latter half of this decade.
  • The overseas reports also indicate that the upcoming Neue Klasse generation of BMWs will use two platforms, NBx for front and all-wheel drive, and NAx for rear– and all-wheel drive; the former of which will likely underpin the i1 and i2 models. 
  • As several automakers move away from the small car segment, BMW’s commitment to the segment is a strategic move we haven’t seen from some other key rivals. For instance, Mercedes-Benz has decided it will axe its A-Class small car in 2026. 
  • The news comes after BMW recently announced its fourth-generation 1 Series, which you can learn more about in our recent YouTube walkaround

Hyundai Staria gets 2025 update, prices start from $49,500

2025 Hyundai Staria side profile driving shot
The Hyundai Staria and Staria Load have been updated for 2025
  • Pricing will now start at $49,500 for the Staria and $46,740 for the commercial-focused Load model, both before on-road costs. Price of entry has increased by $500 for the Staria and a more significant $3500 for the Staria Load. 
  • Hyundai’s Bluelink connected services, rain-sensing wipers, next-gen key fob and additional USB-C ports have been added to the Staria lineup for 2025.
  • Both turbo-diesel and petrol V6 engines remain to be available for the 2025 Staria, however the more commercial-focused Load is offered in diesel only. The 2.2-litre turbo-diesel produces 130kW/430Nm, while the 3.5-litre V6 engine produces 200kW/331Nm
  • Standard Staria features include 18-inch alloy wheels, 8.0-inch touchscreen, 4.2-inch driver cluster, 16 cup holders, a leather upholstered steering wheel and wireless phone charging.   
  • The upgraded Hyundai Staria range is available now in Australia.  

Bugatti debuts its AUD$6.9 billion Chiron successor, the Tourbillon

2024 Bugatti Tourbillon side angle driving shot
This is the new Bugatti Tourbillon supercar
  • French luxury supercar maker Bugatti has announced its next model, the Tourbillon, to rival the likes of other ultra-luxury cars such as the Koenigsegg Gemera and the McLaren Senna
  • Powered by a giant 8.3-litre V16 engine, the Tourbillon also uses a hybrid-electric system that’s supplied courtesy of development partner and co-owner Rimac. 
  • The electric system consists of a 25kWh, 800-volt battery pack and three electric motors, which allows the Tourbillon to travel up to 60km in electric-only mode.  
  • Total system output for the Tourbillon is a significant 1342kW, with its claimed 0-100km/h sprint to be just two seconds flat.
  • In typical luxury Bugatti style, the instrument cluster has been designed with the help of Swiss watchmakers and is made up of more than 600 parts, while the centre console is finished in a mix of polished aluminium and glass. 
  • Only 250 Bugatti Tourbillons will be produced, with many already likely to be sold. 

The next issue of Car News Today will be published on Monday 24th June at 4.30pm Sydney time.


Source link

Visited 1 times, 1 visit(s) today

Related Article

China's former UK ambassador clashes with 'AI godfather' at summit

China’s former UK ambassador clashes with ‘AI godfather’ at summit

Getty Images Fu Ying also expressed regret about the negative impact of tensions between the US and China on the progress of AI safety A former Chinese official poked fun at a major international AI safety report led by “AI Godfather” professor Yoshua Bengio and co-authored by 96 global experts – in front of him.

Travellers walk at the arrival hall of Hong Kong International Airport, Chek Lap Kok, on the first day of Lunar New Year, on January 29. Photo: Elson Li

Opinion | For a good Hong Kong story, why not start with Greater Bay Area?

With Hong Kong’s annual budget in the works, we have been reminded of the many serious challenges facing the city. Our deficit is more than double the original forecast and the city’s gross domestic product last year was 2.5 per cent, a lower rate of growth than a forecast just months ago. Whether the worst

Illustration: Liu Rui/ GT

DeepSeek demonstrates strengthen of China’s homegrown innovation

Illustration: Liu Rui/GT DeepSeek has emerged as a captivating topic of discussion in the global AI community. This small team of fewer than 140 people has achieved what even some tech giants struggle to accomplish.  Nearly all the engineers and researchers powering this company’s success were educated at China’s universities, and the average age of

Photo: VCG

China eyes global cooperation at AI summit in Paris: expert

Photo: VCG Chinese President Xi Jinping’s special representative, Member of the Political Bureau of the Communist Party of China (CPC) Central Committee and Vice Premier of the State Council Zhang Guoqing will travel to France from Sunday to Wednesday for the Artificial Intelligence (AI) Action Summit at the invitation of the host, according to Chinese

The ‘Kiss of Death’ from China, Says Jim Cramer

We recently published a list of Jim Cramer Discussed These 12 Stocks Recently. In this article, we are going to take a look at where Wynn Resorts, Limited (NASDAQ:WYNN) stands against other stocks that Jim Cramer discussed recently. Jim Cramer, the host of Mad Money, recently examined the latest market trends, highlighting some important themes

A general view shows shipping containers from China at the Port of Los Angeles in California

China imposes retaliatory tariffs on $14bn worth of US goods

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world China has imposed retaliatory tariffs on the US, its embassy in Washington said on Sunday — hitting about $14bn worth of goods and dashing hopes that a trade war between the world’s two

China landslide

Dozens Still Missing After Major Landslide in Southwest China

One person is dead and 28 more are missing after a landslide in China’s southwestern Sichuan province on Saturday. Newsweek reached out to the Chinese embassy in Washington, D.C., for comment on Sunday. Why It Matters Landslides are not rare in China. Dozens of people were killed in a landslide last year in the southwestern

China's tit-for-tat levies on US set to take effect

China’s tit-for-tat levies on US set to take effect

Peter Hoskins Business reporter Getty Images China has also imposed export controls on 25 rare metals China’s tit-for-tat import taxes on some American goods are set to come into effect on Monday as the trade war between the world’s two biggest economies escalates and US President Donald Trump threatens to hit more countries with tariffs.

AI Summit: Trump's AI ambition, China's DeepSeek overshadow AI summit in Paris

AI Summit: Trump’s AI ambition, China’s DeepSeek overshadow AI summit in Paris

The geopolitics of artificial intelligence will be in focus at a major summit in France where world leaders, executives and experts will hammer out pledges on guiding the development of the rapidly advancing technology. It’s the latest in a series of global dialogues around AI governance, but one that comes at a fresh inflection point

View from Westminster

Labour MP warns Starmer he is crossing a red line with China embassy deal

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email A Labour MP has issued a warning to Sir Keir Starmer as he helps lead protests against the government giving the green light to a controversial

Tesla car sales in China fall as competition heats up, CNBC says

https://www.tipranks.com/news/the-fly/tesla-car-sales-in-china-fall-as-competition-heats-up-cnbc-says Tesla’s (TSLA) car sales in China fell in January as competition from domestic rivals continued to heat up, Arjun Kharpal of CNBC reports. The company sold 63,238 units in January, which was down 11.5% from the 71,447 cars sold in December. Meanwhile, Chinese rival BYD (BYDDF) sold 296,446 pure electric and plug-in hybrids last

View from Westminster

Starmer’s Trump problem is not his EU Brexit reset but cosying up to China

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email An alien with no preconceptions dropped into Washington DC for the party atmosphere among MAGA Republican Trump supporters during the inauguration may initially have thought that

A massive landslide had also struck the southwestern China region last year, claiming the lives of over 35 people. (File Image/AFP)

Massive landslide in China, high-level rescue op for 30 missing | World News

China has launched a high-level emergency operation after 10 houses were buried in a massive landslide, leaving more than 30 people missing. A massive landslide had also struck the southwestern China region last year, claiming the lives of over 35 people. (File Image/AFP) The landslide struck the Junlian county in the southwestern Sichuan province on

Cheap China e-bikes 'kick in teeth' for UK firms

Cheap China e-bikes ‘kick in teeth’ for UK firms

Oliver Smith BBC business reporter Volt Lyle and James Metcalfe run e-bike company Volt and have a factory in Milton Keynes A government decision to scrap tariffs on Chinese e-bikes coming into the UK has been described as a “kick in the teeth for British manufacturing”. Border taxes were imposed on Chinese e-bikes following Brexit,

0
Would love your thoughts, please comment.x
()
x