Nick in Sydney
Emira Fanatic
I see that Volvo has announced a delay in launching their EX30 in the USA while they shift production from China to Europe to avoid the new 100% tariff on Chinese-made cars.
For those who haven't followed the story, in May the US government announced that the import tariff on Chinese-made cars will quadruple later this year, going from 25% to 100%.
You have to wonder if Lotus Technology still has a viable product range at this tariff level. It will be incredibly hard for them to sell Eletre and Emeya in the USA at a competitive price point and still make any money.
For those who haven't followed the story, in May the US government announced that the import tariff on Chinese-made cars will quadruple later this year, going from 25% to 100%.
You have to wonder if Lotus Technology still has a viable product range at this tariff level. It will be incredibly hard for them to sell Eletre and Emeya in the USA at a competitive price point and still make any money.