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24.06.25 - 20:06
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Chinese carmaker Chery Auto ′actively considering′ building second UK factory (The Guardian)
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As company faces increased UK and EU tariffs, it says move would be part of 'localisation' strategyThe Chinese carmaker Chery Auto is considering building its second European factory in Britain.After launching two brands – Omoda and Jaecoo – in the UK in September, Chery's UK director, Victor Zhang, said the company is making inroads in the British market with the appetite growing for Chinese cars. Continue reading......
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24.06.25 - 17:03
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Crude Slides After Trump Says China "Can Continue To Purchase Oil From Iran" (ZeroHedge)
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Crude Slides After Trump Says China "Can Continue To Purchase Oil From Iran"
Trump continued his crusade against high oil prices, and US energy producers (recall yesterday he posted "EVERYONE, KEEP OIL PRICES DOWN. I'M WATCHING! YOU'RE PLAYING RIGHT INTO THE HANDS OF THE ENEMY. DON'T DO IT!"), when the President posted on Truth Social that "China can now continue to purchase Oil from Iran"...
... which of course they have been doing, purchasing pretty much all the oil Iran is exporting (with the "Asia/Unknown" in the chart below primarily signaling Singapore which is also effectively China).
It was not immediately clear whether Trump's post meant that the US was removing sanctions on Chinese purchases of Iranian oil. If so, that would explain the quid-pro-quo that took place behind the scenes, with Trump convincing Tehran to lay its arms down in exchange for Iran no longer having to hide its exports to China, which were technically sanctioned but no...
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24.06.25 - 16:36
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BYD vergrößert seine Frachtschiff-Flotte schon wieder (Electrive)
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BYD hat in den vergangenen Tagen abermals zwei neue Frachtschiffe für den Export seiner Elektroautos und Plug-in-Hybride auf die Reise geschickt: Die BYD Xi'an und die BYD Changsha bieten Platz für rund 7.000 bzw. 9.200 Einheiten. Sie sind bei BYD inzwischen die Auto-Frachter Nummer fünf und sechs....
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