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12.05.26 - 07:54
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Seven-day weeks and ′debt bondage′: China′s first electric car plant in Europe mired in allegations of worker abuse (The Guardian)
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The BYD factory being built in Szeged, Hungary, is facing scrutiny after reports of EU labour laws being violated among the Chinese migrant workforce Multilingual signs in most airports in the EU opt for English, but in Hungary, there is also Chinese, making it easy for migrant workers flying in to staff China's first electric car plant in Europe – due to open in 2027.The third language was introduced in 2019 as the recently ousted leader Viktor Orbán embarked on a “comprehensive strategic partnership” with China, positioning himself as its most reliable friend in Europe. Continue reading......
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12.05.26 - 06:06
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China NEV retail penetration tops 60% in April as oil prices dent gasoline car demand (Digitimes)
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China's retail penetration rate for new-energy vehicles, including battery electric vehicles and plug-in hybrids, reached 61.4% in April, the highest on record and the first time it crossed 60%, according to the China Passenger Car Association. The surge from 52% in March coincided with rising international oil prices linked to the Middle East conflict, which supply chain sources said accelerated the shift away from gasoline cars....
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12.05.26 - 02:33
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China′s Car Sales Slump As Gasoline Demand Craters (ZeroHedge)
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China's Car Sales Slump As Gasoline Demand Craters
Authored by Irina Slav via OilPrice.com,
Chinese car sales in China fell by 21.5% in April, driven by lower demand for gasoline-powered vehicles amid higher fuel prices. EV demand failed to offset the drop in internal combustion engine vehicle sales, as well.
According to Bloomberg data, total car sales in China last month hit 1.4 million. This was the lowest since 2022, when China was still in the grip of Covid lockdowns. Internal combustion engine car sales suffered a decline of over 30%, while EV and hybrid car sales fell by a more modest 6.8%. EV sales suffered as a result of a rollback of subsidies and the reintroduction of a tax on what China calls new energy vehicles.
As a result of the slump in gasoline car sales, new energy vehicles came to account for 60% of new car sales last month. This is the highest monthly portion of EVs and hybrids of total new car sales.
In addition to the fuel prices, subsidy removal, and the return of tax...
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