Canada Imposes 100% Tariff on Chinese Electric Vehicles

What's the edge they have over Chinese EV cars. Elon visiting India also seems to be a desperate move to show growth Given the latest layoff news and betting highly on robo taxies, feels like it's over for the quite arrogant leader and his company

- China's electric cars are facing international backlash with the U.S. and EU increasing tariffs on imports. - Chinese-made batteries, crucial for EVs, are the next target for trade restrictions. - China dominates the global battery market, with companies like CATL and BYD leading the charge. - Western countries are trying to develop alternatives but lag behind in technology and production. - Despite efforts, China's grip on battery production and innovation remains strong. Source: [Reuters ](https://www.reuters.com/breakingviews/chinas-global-battery-ram-will-be-hard-stop-2024-09-06/)

😧 https://twitter.com/gurgavin/status/1779649518482358361?s=19

- Japanese carmakers are alarmed by the swift progress of Chinese electric vehicles, risking becoming followers if they don't innovate faster, warns Sony-Honda's joint venture head. - Yasuhide Mizuno calls for a shift in Japan's conservative corporate culture to keep pace with Chinese rivals, who have quickly become leading vehicle exporters. - Mizuno highlights the need for Japanese carmakers to change their cautious approach to launching cars, or risk falling behind China. - Despite plans to phase out petrol cars by 2040, Honda has lagged in electrification, teaming up with Nissan to compete against China's high-tech, low-cost models. - The Sony-Honda joint venture aims to deliver its electric vehicle to North America by 2026, targeting 'wealthy geeks' with its premium car, Afeela. Source: Financial Times