Despite EU tariffs on electric vehicles, China is projected to remain the world’s top car exporter in 2025 with an estimated 5.58 million units shipped, up 14% year-on-year. Major automakers like SAIC are diversifying product lines to include hybrid models to counter trade barriers, while BYD and Chery dominate European and Southeast Asian markets.

The U.S. Department of Commerce introduced a new tariff offset process allowing automakers to reduce Section 232 tariffs on imported parts based on their U.S. production volume. This initiative aims to boost domestic assembly capabilities while mitigating reliance on foreign manufacturing. Eligible manufacturers can apply for tariff reductions of 3.75% (2025–2026) or 2.5% (2026–2027) of their vehicles’ MSRP.

China will implement a batch of demonstration projects featuring advanced green and low-carbon technologies, the National Development and Reform Commission (NDRC) said Tuesday. By 2025, a number of advanced green and low-carbon technological achievements will be transformed and applied, while supportive policies, business models and regulatory mechanisms conducive to the promotion and application of the technologies will be gradually refined. It is necessary to improve policies for green and low-carbon economic development, and strengthen fiscal support, tax policy support, financial support and pricing policy support. It is imperative to promote a better combination of efficient markets and competent government, and integrate resource and environmental factors such as carbon emission rights, energy use rights, water use rights, and pollutant discharge rights into the overal...

Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates were invited to become new BRICS members. The decision was announced at a special news conference during the 15th BRICS Summit in Johannesburg, South Africa. The expansion marks a new starting point for BRICS cooperation. It will inject new vitality into the mechanism of BRICS cooperation and further strengthen the forces of global peace and development. The BRICS expansion is historic, reflects the resolution of the BRICS countries to unite and cooperate with other developing countries, meets the expectations of the international community, and serves the common interests of emerging markets and developing countries....