
Chinese EVs grab biggest mkt share in Europe in nine months
Chinese automakers captured the biggest share of Europe's electric-vehicle market in nine months, regaining ground lost after the European Union imposed tariffs last year.Manufacturers led by by BYD grabbed 8.9% of the region's EV market in April, the most since July, according to researcher Dataforce. Chinese hybrid and combustion models also gained traction.
The latest figures underline the potent and evolving challenge Chinese manufacturers pose to European rivals. While EU duties that took effect in November initially halted
Chinese EV
gains, the past two months show renewed momentum. BYD, MG and others have also ramped up sales of more-conventionally powered models, adding to the pressure.
"The Chinese brands did successfully adapt to the new market surroundings," said Julian Litzinger, a Dataforce analyst. A big upswing in Chinese hybrid sales "boosts their performance in Europe overall."
Chinese brands accounted for 7.6% of hybrid car sales across Europe last month, Dataforce said, up from less than 1% a year earlier.

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Mint
37 minutes ago
- Mint
Donald Trump Tariff Effect: Prices of China-made items sold in US outpaced core inflation since May, says report
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Hindustan Times
an hour ago
- Hindustan Times
India-EU trade talks gained urgency due to US tariffs, Europe's trade deficit with China: EU envoy
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'I think we can be reasonably confident that it's going to be there because in a way, failure, at this point in time, would have a significant cost for both. I think failure is not contemplated. We want to get [the trade deal],' he said. Besides formal rounds of negotiations, there have been other contacts to push the trade deal, with the EU's chief negotiator travelling to New Delhi to meet his Indian counterpart last Saturday to take stock of the talks. 'If you look at the substance, at the last round, we closed five chapters on intellectual property, customs and trade facilitation, transparency, good regulatory practices, and mutual administrative assistance. We are moving closer to closing chapters on dispute settlement, state-owned enterprises, subsidies and digital trade,' Delphin said. Delphin acknowledged India's sensitivities about the agricultural sector, noting that red lines had been 'framed from the very beginning', but said wines and spirits continue to be an important element for the EU side. 'We are not going to lose time on those, to be very frank. But there is one element within the agriculture chapter, which is wines and spirits…This is part of the elements that would form meaningful trade. On this, we are quite optimistic of progress,' he said. Asked if the India-UK FTA finalised in May - which envisages cutting Indian import duty on Scotch whisky and gin from 150% to 75% initially, with a further reduction to 40% over 10 years - can serve as a template for India and the EU, Delphin replied: 'Not a template, but a reference point because it gives a benchmark. The size of the EU economy is 12 or 14 times…bigger than the UK. You want this somehow to be reflected in the agreement,' he said. 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'We have engaged with partners, listened to partners, and we did several rounds here in India, took back the comments, and we adjusted,' he said. The EU is India's second-largest trade partner, accounting for trade in goods worth €120 billion in 2024, or 11.5% of India's total trade, while trade in services was worth €59.7 billion in 2023. Though India-EU trade in goods increased by nearly 90% in the past decade, India is the EU's 9th largest trade partner, accounting for 2.4% of the EU's total trade in goods in 2024, behind the US (17.3%), China (14.6%) and the UK (10.1%).


Time of India
2 hours ago
- Time of India
Big Tech's AI hiring spree triggers million-dollar paycheques, sparks overseas talent hunt in Silicon Valley
Salaries surge as competition heats up Meta's AI Push After Llama 4 Disappointment AI roles outpace traditional engineering pay Researchers value mission over money European talent gains attention In the latest escalation of Silicon Valley's AI talent race, major technology firms like Meta and OpenAI are offering multi-million-dollar pay packages to attract and retain top artificial intelligence researchers, according to reporting by the Financial has informed employees it is working on 'creative ways to recognise and reward top talent,' following recent exits to competitors. The company's internal discussions follow CEO Sam Altman's revelation that Meta has made $100 million sign-on offers to some of OpenAI's top industry recruiters and job movement data, the FT has reported that pay packages for senior AI scientists have surged to between $3 million and $7 million, with some individuals earning over $10 million annually. This marks a 50% increase from 2022, and far surpasses pay levels for software engineers without AI experience.'It has just become manically more hyper intense over the past few years, to the point where it feels like certain players are willing to do anything or whatever it takes to bring that talent into the organisation,' said Kyle Langworthy, a partner at AI recruitment firm Riviera Partners, in an interview with the competition intensified after Meta's large language model Llama 4 received criticism for underperforming in reasoning and coding benchmarks. Meta has since invested $15 billion in Scale AI and brought on co-founder Alexandr Wang to lead a new team focused on 'superintelligence'.After recent staff departures, OpenAI Chief Research Officer Mark Chen wrote in an internal memo: 'It felt as if someone has broken into our home and stolen something.' He also alleged that Meta was attempting to 'take advantage' of OpenAI's scheduled break to push offers onto its employees. 'We've been more proactive than ever before, we're recalibrating comp, and we're scoping out creative ways to recognise and reward top talent,' he said. The memo was first reported by to Harrison Clarke, a tech recruitment firm cited by the FT, compensation for mid-to-senior AI research scientists at large tech companies now ranges from $500,000 to $2 million, up from $400,000 to $900,000 in a financial package tracking site, shows Meta offering between $186,000 and $3.2 million to AI engineers, while OpenAI's range is $212,000 to $2.5 million — though its median pay is higher. In comparison, senior software engineers without AI backgrounds typically earn $180,000 to $220, recruiters say that AI researchers often care more about research leadership and mission than salary. 'There's always a risk, if you end up in a Meta, you're not going to be doing the level of work that you might do at a DeepMind or an OpenAI, or an Anthropic,' said Firas Sozan, CEO of Harrison high cost of hiring in Silicon Valley is also affecting smaller firms. Riviera's Langworthy told the FT, 'It can be extremely challenging to hire your AI, engineering, and product team when you're a lesser-known company.'Open-source startup Hugging Face is now turning to Europe for AI talent. 'If you take one software engineer in the Bay Area right now, you can have three to four people of roughly the same level in Europe,' said Thomas Wolf, co-founder of Hugging AI startup Aleph Alpha, which has expanded its team sixfold in one year, told the FT that job candidates increasingly seek research freedom, publication rights, and impact-driven work. CEO Jonas Andrulis said, 'Topics like sustainability, ethical alignment, and solving real-world problems also come up more often,' adding that their growth reflects 'something money alone can't buy: belief in a mission.'