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Daily Newsletter

05 August 2024

Daily Newsletter

05 August 2024

Unifor wants war on China EVs

BYD reportedly eyeing Canada

Dani Cole August 02 2024

Canada’s largest private sector union, Unifor, is calling for the federal government to implement a serious of tough and comprehensive measures as part of ongoing public consultations on protecting Canadian autoworkers from China's ‘unfair’ electric vehicle trade practices.

It came as BYD was reportedly looking at entering the Canadian market.

In a statement, the union said that the US and the European Union had ‘responded proactively’ to the threat posed by ‘unfair imports’.

"Canada has everything we need to build the electric vehicles of the future in our own backyard, including a highly skilled workforce, deep roots in auto manufacturing, and the critical minerals needed to supply the industry.”

The union's recommended measures:

• Imposing a surtax above existing tariff rates on Chinese-made electric vehicles of 100%, batteries of 25%, and critical minerals of 25%, all of which bring Canada in line with measures proposed by the United States.

• Protecting Canada's supply chain transition with additional surtaxes on critical component parts from China, including electric motors and battery cell material.

• Extending and expanding EV purchasing incentives for Canadians and disqualifying vehicles that are subject to a surtax under section 53 of the Customs Tariff Act.

• Including "connected vehicle" technology among the list of sensitive areas for foreign investment reviews and monitor the outcomes of an ongoing U.S. investigation into information and communications technology (ICT) in vehicles.

"Canada must implement these recommendations in order to protect good auto jobs and build a more prosperous, fairer, cleaner and resilient economy for all."

Blockchain in Automotive Overview

GlobalData's latest report identifies automotive challenges, such as ESG, CASE megatrends, geopolitics, labor shortages, cost efficiency, high inflation, and supply chain disruption, and an impact assessment of blockchain on the automotive industry, addressing these challenges. The initial development of blockchain generated huge interest, with companies adopting the technology for novelty rather than strategic reasons. Since then, more practical, efficiency-based use cases have slowly emerged throughout the automotive sector.

Blockchain in Automotive Overview

GlobalData's latest report identifies automotive challenges, such as ESG, CASE megatrends, geopolitics, labor shortages, cost efficiency, high inflation, and supply chain disruption, and an impact assessment of blockchain on the automotive industry, addressing these challenges. The initial development of blockchain generated huge interest, with companies adopting the technology for novelty rather than strategic reasons. Since then, more practical, efficiency-based use cases have slowly emerged throughout the automotive sector.

Blockchain in Automotive Overview

GlobalData's latest report identifies automotive challenges, such as ESG, CASE megatrends, geopolitics, labor shortages, cost efficiency, high inflation, and supply chain disruption, and an impact assessment of blockchain on the automotive industry, addressing these challenges. The initial development of blockchain generated huge interest, with companies adopting the technology for novelty rather than strategic reasons. Since then, more practical, efficiency-based use cases have slowly emerged throughout the automotive sector.

Blockchain in Automotive Overview

GlobalData's latest report identifies automotive challenges, such as ESG, CASE megatrends, geopolitics, labor shortages, cost efficiency, high inflation, and supply chain disruption, and an impact assessment of blockchain on the automotive industry, addressing these challenges. The initial development of blockchain generated huge interest, with companies adopting the technology for novelty rather than strategic reasons. Since then, more practical, efficiency-based use cases have slowly emerged throughout the automotive sector.

Blockchain in Automotive Overview

GlobalData's latest report identifies automotive challenges, such as ESG, CASE megatrends, geopolitics, labor shortages, cost efficiency, high inflation, and supply chain disruption, and an impact assessment of blockchain on the automotive industry, addressing these challenges. The initial development of blockchain generated huge interest, with companies adopting the technology for novelty rather than strategic reasons. Since then, more practical, efficiency-based use cases have slowly emerged throughout the automotive sector.

Blockchain in Automotive Overview

GlobalData's latest report identifies automotive challenges, such as ESG, CASE megatrends, geopolitics, labor shortages, cost efficiency, high inflation, and supply chain disruption, and an impact assessment of blockchain on the automotive industry, addressing these challenges. The initial development of blockchain generated huge interest, with companies adopting the technology for novelty rather than strategic reasons. Since then, more practical, efficiency-based use cases have slowly emerged throughout the automotive sector.

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