United States Lowers Japan Auto Import Tariff to 15% Starting the 16th

On December 19, the European Commission announced that it will not impose temporary anti-dumping duties on imports of PET resin from Vietnam. However, the investigation will continue, and definitive measures will be published by July 21, 2026. PET companies can submit their opinions on the disclosed information and temporary measures by May 5, 2026.

Gelonghui, December 23 | European Automobile Manufacturers Association: In November, Tesla's market share in the EU, UK, and European Free Trade Association fell to 2.1%, while BYD's market share was 2%; Tesla's market share for pure electric vehicles was 9%.

China's automotive giant BYD saw its sales in Europe soar more than twofold last month, continuing to outpace both local and foreign competitors. According to the European Automobile Manufacturers Association (ACEA), the number of new car registrations for BYD models in November skyrocketed from 4,821 units in the same month last year to 16,158 units. When including the UK, Iceland, Liechtenstein, Norway, and Switzerland, sales more than doubled to 21,133 units. ACEA data shows that from January to November, BYD sold 159,869 units in Europe, compared to Volkswagen's 3,263,542 units and Tesla's 203,382 units. In November alone, Tesla's registrations in the EU fell by over 34% year-on-year to 12,130 units. When including the UK, Iceland, Liechtenstein, Norway, and Switzerland, sales dropped nearly 12% to 22,801 units.

According to the Qichacha app, recently, Xihai'an Era Qiji New Energy Technology (Qingdao) Co., Ltd. was established, with Li Junliang as the legal representative. The business scope includes research and development of emerging energy technologies, sales of new energy vehicle battery swapping facilities, research and development of online energy metering technologies, and sales of new energy vehicles. Qichacha's equity penetration shows that the company is wholly owned by Era Qiji New Energy Technology (Qingdao) Co., Ltd., a subsidiary of Ningde Era.

According to the Financial Times, the European Union is planning to initiate inspections on imported plastics and introduce several supporting measures to boost the development of the local recycled plastics industry. The EU may submit the relevant proposal as early as this Tuesday, which includes inspection requirements for imported plastics to ensure that the goods are recycled plastics. EU Environment Commissioner Jessica Roswall stated in an interview that the current recycled plastics industry is in "deep crisis." The EU plans to strengthen import monitoring and add a customs code to distinguish between recycled plastics and new materials. Roswall pointed out: "Currently, a large amount of plastic is flooding into the EU market from non-EU countries." The European Commission will also push for consensus among the 27 member states to establish a unified standard for defining recycled materials from "waste" to "new raw materials."