GM, Ford and Stellantis would be heavily impacted by Mexico-Canada import taxes
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GM, Ford and Stellantis would be heavily impacted by Mexico-Canada import taxes
- The United States imports roughly 40% of the vehicles of the vehicles sold on its soil each year. These imports come primarily from Mexico and Canada, as the three former major American carmakers (GM, Ford, Chrysler) chose several decades ago to relocate part of their automotive production to these two countries. Mexico offers cheap labour, and Canada allows expansion of production congestion beyond Detroit, a city also close to Canada. Japanese carmakers established in the United States quickly followed the move.
- In 2024, out of 16 million new vehicles (passenger cars and light utility vehicles) sold in the United States, 6.4 million came from outside the country, including 2.36 million from Mexico, 1.16 million from Canada, 1.07 million from South Korea, 900,000 from Japan and 900,000 from Europe. These 6.4 million vehicles should therefore be subject to 25% additional tariff (on top of existing tariffs) from the Trump administration.
- The carmakers that import the most to the USA are the Toyota groups (1.09 million units in 2024), GM (1.05 million), Hyundai-Kia (0.87 million), Volkswagen (0.53 million), Honda (0.44 million) and Stellantis (0.41 million).
- But those that import the most from Mexico and Canada are the Toyota groups (0.75 million units), GM (0.69 million), Honda (0.44 million), Ford (0.37 million) and Stellantis (0.37 million).
- In total, 1.4 million GM, Ford, and Stellantis vehicles from Mexico and Canada would be affected by the 25% import tariffs, not to mention 1.6 million vehicles from Japanese carmakers from these two countries. The Trump administration's wish would, of course, be to relocate these 3 million vehicles to the United States, which could not be done in the rush and provided that carmakers agree to do so, which may lead to plants capacities reduction or even closures in Mexico and Canada.
Auto Shangai 2025: Lynk&Co is aiming for a new lease of life in Europe
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Auto Shangai 2025: Lynk&Co is aiming for a new lease of life in Europe
- The Chinese brand Lynk&Co (one of the many brands of the Geely group ) has been distributed in Europe since 2021. At the beginning, It had bet on an unconventional purchasing process for this market, since it was a non-binding subscription system applied on the Internet and accredited on its only model marketed in Europe, the Lynk&Co 01 SUV, this model being based on the Volvo XC40 plug-in hybrid (Volvo is also a brand of the Geely group ).
- The formula worked for two years but has been in decline since 2023. While sales in China are trending upwards, reflecting the growth of the Chinese automotive market and a more traditional distribution system, in Europe, sales have been at their lowest since 2023. It should be added that only one model is available on a restricted number of European markets (Belgium, Germany, France, Italy, Netherlands, Spain, Sweden) and nine different models on the Chinese market. The lack of a network has not worked in favor of the formula in Europe. Today, the brand is backtracking and returning to a more traditional distributor and paying (direct purchase or long term leasing) systems. Around thirty distributors are planned for 2025 for Europe, including around ten in France.
- It is in this context that Lynk&Co is launching the 02, a compact SUV based on the Volvo EX30 and Smart #3. In fact, this model has been known for several months in China under the name Lynk&Co Z20. It is a battery electric rear-wheel drive SUV measuring 4.46 m long, which is 22 cm longer than its cousin, the Volvo EX30, which is part of the B segment, and 3 cm longer than the Volvo EX40, which is part of the C segment. The Lynk&Co 02 can therefore be classified in the C segment.
Auto Shangai 2025: Exports from China
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Auto Shangai 2025: Exports from China
- China exported 507,000 vehicles in March 2025, up 1% year-on-year. In the first quarter of 2025, vehicle exports reached 1.42 million units, up 7.3% year-on-year . At the current rate, China could export between 5.7 million and 6.0 million vehicles in the whole of 2025, marking a new record.
- In total, China will export between 18% and 20% of its automobile production this year.
- Among the top ten vehicle exporters in March, Chery Group led the way with 86,000 units shipped, up 2.8% year-on-year, and accounting for 17.1% of China's total exports. From January to March 2025, Chery exported 254,000 vehicles, an annual rate of one million vehicles.
- BYD recorded the fastest growth, exporting 73,000 vehicles, up 88.4% year-on-year. MG (SAIC) is the third largest exporter, delivering its vehicles (72,000 vehicles) mainly to Europe 30 countries (EU + UK + Switzerland + Norway) while Chery delivers mainly to Russia. Next come Changan (50,000 vehicles), Geely (43,000 vehicles) and Great Wall (32,000 vehicles). The other manufacturers deliver less than 30,000 vehicles each.
Auto Shangai 2025: challenges: presentation of a large number of models in a strongly competitive market
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Auto Shangai 2025: challenges: presentation of a large number of models in a strongly competitive market
- The Auto Shanghai Show 2025 is bringing together 70 brands and around 100 new models, at the heart of a battle around battery electric and plug- in hybrid vehicles, which will represent half of the Chinese market in 2025. The BYD (6th largest group in the world), Geely (11th largest group in the world) and Chery (12th largest group in the world) groups will be the stars of the show. These camakers have quickly gained influence thanks to a strategy combining technological innovation, competitive prices, and large-scale production.
- By early 2025, Chinese carmakers will account for nearly 70% of China's car production and foreign carmakers, whose market share is shrinking a little more each year, want to rely on the 2025 Shanghai Motor Show to regain ground in the face of increasingly technological and bold Chinese competition. However, their position is weakened by the persistent price war and the rapid evolution of Chinese consumers' expectations. The Auto Shanghai Show therefore marks a strategic turning point. On one hand, Chinese brands like BYD are redoubling their efforts to impose new technological standards. On the other, foreign carmakers are trying to adapt to an ultra-competitive market, where constant launches of new products, rapid innovation and attractive prices are becoming essential.
Auto Shangai 2025: Production of Chinese groups in 2023 and 2024
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Auto Shangai 2025: Production of Chinese groups in 2023 and 2024