Chinese carmakers expanding into Europe are facing significant challenges due to high tariffs, with the EU imposing up to 45% tariffs on their electric vehicles (EVs), hindering competitiveness and product launches. Despite ambitions to grow their market share, which currently stands at only 4.3%, companies like Nio and Leapmotor are struggling with distribution and production issues, prompting them to reassess their strategies. Meanwhile, some firms like BYD and Zeekr continue to push forward, focusing on hybrids to navigate tariff obstacles and expand their presence across European markets.
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Malta ‘golden passport’ scheme breaks law, EU’s top court rules
The European Court of Justice has ruled that Malta's "golden passport" scheme violates EU law, requiring the island to end the commercialization of EU citizenship. The court emphasized that a Member State cannot grant nationality in exchange for payments or investments, as this undermines the essence of EU citizenship based on mutual trust. The European Commission had referred Malta for its citizenship-for-investment scheme, which poses risks of corruption and lacks a genuine link to the...
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