US lifts tariffs on China-made injection molds
Washington — The Donald Trump administration unexpectedly put a hold on steep 25 percent tariffs on injection molds imported from China in late December, a decision that industry observers say is likely to hurt American mold building companies but help U.S. plastics processors.
The announcement from the U.S. Trade Representative means that the 25 percent tariffs on injection molds — imposed in July as part of the first round of $34 billion in duties on Chinese imports — will be suspended for at least one year.
For more details, please check via this link: https://www.autonews.com/suppliers/us-lifts-tariffs-china-made-injection-molds
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The Production and Sales of New Energy Vehicle Grow Quickly
According to the speculate of China Association of Automobile Manufacturers (CAAM), new energy vehicle sales volume is expected to be 2 million by 2020.
In recent years, the new energy car’s market has expanded rapidly. The latest data of CAAM shows that the production and sales of new energy vehicles are both increasing now. From Jan to Oct of this year, the production quantity and sales volume reached at 517,000 and 490,000 respectively, which increase at 45.7% and 45.4%.
Another data from MIIT, China has become the biggest EV production and sales market in the world; we predict that the sales volume will surpass 500,000, and promotion volume will extend to more than 1 million, which account a half of the world.
Multiple industry authoritative reports show that, the competitiveness of Chinese New Energy industry improved due to the support of China’s new energy automotive policy and the sales trend. If the whole situation follows such trend, the production and marketing scale target could be reached at 2 million in 2020.
It is worth to mention that, in addition to the national level policy, the regional government also stepping up their efforts to support the development of new energy automotive industry.
On the basis of the mid-long-term development plan of Shanxi Province, in 2020, the electric car production capacity need to be 300,000 vehicles a year, and this industry will become the leading industry.
This year, while in Chengdu, Sichuan Province, it launched out a new energy automotive application, charging infrastructure construction plan, which mentioned that new registration of new energy vehicles must reach at 30,000 in three years. By the end of 2019, it must reach more than 48,000 the new energy vehicles ownship in the city, 600 new charging stations, 67,000 charging piles, to meet the demand of more than 70000 electric vehicles charging.