French Regulators Fine Shein for Misleading Discounts
After an 11-month investigation by France's consumer watchdog and its national investigation service, regulators said that Infinite Style E-Commerce, responsible for Shein's products in France, had misled consumers regarding discounts.
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Motor Trend
10 minutes ago
- Motor Trend
Polestar Says New 7 Is Coming in 2028, Following the 5 and 6
Polestar's all-electric family of cars and SUVs continues to expand beyond the Polestar 2, with the new Polestar 3 midsize SUV and slightly smaller, more coupe-like Polestar 4 recently joining the fold. Soon, the Polestar 5 "four-door GT" will arrive, and now comes news from Polestar that it has yet another model on the way, though it's a little farther out: The new Polestar 7, due by 2028. Polestar plans to release the Polestar 7, a compact electric SUV, by 2028, featuring shared components with Volvo's EVs. It will be more upright and SUV-like than the Polestar 4, likely resembling a smaller Polestar 3. Production will be in Slovakia to avoid tariffs. This summary was generated by AI using content from this MotorTrend article Read Next Don't read too much into Polestar's numerical naming scheme—it doesn't ladder up in the way other brands such as Audi go about it. In other words, the Polestar 7 isn't bigger or more luxurious than, say, the 5. It's pretty much just the order in which each model debuts, hence why the oldest (the Polestar 2) has the smallest number, and the newest (the Polestar 4) has the highest. The upcoming 5 is the next in line, with the 6 roadster presumably following that and beating this new 7 to market between now and 2028. Polestar's first standalone model was the Polestar 1, a high-priced, small volume plug-in hybrid performance coupe that was not replaced. So, what exactly is the Polestar 7? The automaker says it's a new compact electric SUV that will share components with Volvo's EVs. Per Polestar's announcement, the "Polestar 7 will utilize a technology base from Volvo Cars, benefiting from group component sharing, cell-to-body technology with next-generation battery density and performance, as well as the next generation of in-house developed e-motors. Adaptations will be made to create the driving experience and performance characteristics that Polestar is known for." Our best guess? That means it'll be Polestar's version of the upcoming Volvo EX60, its all-electric equivalent to the XC60 compact SUV. (Volvo's larger XC90 gained an electric analogue recently, the EX90; both are pictured below.) This suggests it'll be a two-row, all-electric SUV that's smaller than the midsize Polestar 3 (pictured above), and more affordable. Confusingly, the Polestar 4 also is a compact SUV—but one with a low, swoopy roofline and a streamlined, four-door coupe style shape. Luckily Polestar has handed out the moody photo at the top of this page depicting the 7 underneath a teasing sheet. Even viewed from dead-on, it seems pretty clear that the 7 is more upright, boxier, and SUV-like than the Polestar 4. We're guessing something like a shrunken Polestar 3 with unique lighting. We'll find out more in the coming years as the Polestar 7's on-sale date draws closer. For now, we know that the 7 will be built in Europe, specifically in Kosice, Slovakia. This should help ensure the 7 avoids the kind of tariffs that upended the recent launch of Volvo's EX30, which is being built in China but will see more capacity spring up in Belgium this year to help extricate that SUV from more severe import duties.
Yahoo
14 minutes ago
- Yahoo
One in 10 cars sold in UK made in China
One in 10 cars sold in the UK in June were made in China, according to the latest industry figures. New Chinese brands such as BYD, Jaecoo and Omoda are growing rapidly in the UK. There has been a particular surge over the past few months, at a time when most other G7 countries have levied significant extra tariffs against their imports. Around 18,944 cars made by Chinese-owned brands, including MG and Polestar, were sold in June, which is 10% of overall UK sales, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). That is up from 6% in the same month a year ago. Across the first half of this year, more than 8% - or 1 in 12 - cars sold were Chinese, up from 5% in 2023 and 2024. This was mainly but not exclusively electric vehicles. By comparison a study by Jato Analytics for the first five months of the year put Chinese brands at 4.3% of the market across the EU, and just 1.6% in Germany and 2.7% in France. Spain was higher though at 9.2%. Its analyst Felipe Munoz said: "The fact that the UK has not imposed tariffs is a big opportunity for the Chinese, along with the popularity of electric cars. "MG is also playing like a local brand, and unlike France and Germany, the UK doesn't have a big local industry to protect." However, some industry grandees have warned that the UK industry will struggle to compete, and Britain might have to introduce quotas. Chinese firms and their franchises have been buying up car showrooms. "Chinese manufacturers are producing cars which are better, cheaper and more innovative in every sector of the market," said John Neill, former SMMT President and ex-chief executive of Unipart. "If they are going to sell here we are going to have to get the Chinese to manufacture here." The government has so far faced little pressure from existing suppliers on copying the tariffs imposed by the EU, US, and Canada on electric cars. The majority of EU member states backed big taxes being imposed on imports of EVs from China, which can be as high as around 45%, and Canada announced its imposition of a 100% tax on Chinese made EVs. The EU and China are in negotiations to replace the tariff with a minimum price system. Some Chinese manufacturers are also in the process of opening factories in the EU which could export across Europe including the UK tariff-free. The SMMT said that one in four buyers of new cars in the UK are now purchasing electric cars - although the transition to electric has been driven by "unsustainable" discounting by manufacturers, says Mike Hawes, the SMMT's chief executive. "As we have seen in other countries, government incentives can supercharge the market transition," he said. The race to better 'the electric vehicle experience' China's electric cars are becoming slicker and cheaper - but is there a deeper cost?
Yahoo
18 minutes ago
- Yahoo
EU presses China on rare earths and Ukraine war
BRUSSELS (Reuters) -The European Union's top diplomat urged China's foreign minister on Wednesday to end restrictions on rare earths exports and warned that Chinese firms' support for Russia's war in Ukraine posed a serious threat to European security, the EU said. The statement from the EU's diplomatic service came after Kaja Kallas, the bloc's high representative for foreign policy, met Chinese Foreign Minister Wang Yi in Brussels. Kallas "called on China to put an end to its distortive practices, including its restrictions on rare earths exports, which pose significant risks to European companies and endanger the reliability of global supply chains," the EU said. On trade, Kallas urged "concrete solutions to rebalance the economic relationship, level the playing field and improve reciprocity in market access". She also "highlighted the serious threat Chinese companies' support for Russia's illegal war poses to European security". China says it does not provide military support to Russia for the war in Ukraine. But European officials say Chinese companies provide many of the vital components for Russian drones and other weapons used in Ukraine. Kallas called on China "to immediately cease all material support that sustains Russia's military industrial complex" and support "a full and unconditional ceasefire" and a "just and lasting peace in Ukraine". Wednesday's discussions were to lay the groundwork for a summit between EU and Chinese leaders later this month. Wang also met earlier in the day with European Council President Antonio Costa as part of those preparations. In that meeting, Wang called on both sides to respect each other's core interests and increase mutual understanding, adding that "unilateralism and acts of bullying have seriously undermined the international order and rules," according to a Chinese foreign ministry statement. EU officials had said they would use the meeting between Kallas and Wang to urge China to use its influence as Iran's main oil buyer to press Tehran to make a deal over its nuclear programme and de-escalate conflict in the Middle East. The EU statement did not say whether those efforts had borne any fruit. But it said Kallas and Wang "agreed on the importance of the Nuclear Non-Proliferation Treaty as the cornerstone of the global nuclear non-proliferation regime". The EU and Britain, France and Germany are parties to a 2015 nuclear deal with Iran that Washington abandoned in 2018, which they hope to revive. Iran has always said its nuclear programme is peaceful and denies seeking a weapon. Costa and European Commission President Ursula von der Leyen will travel to China for the summit with Chinese President Xi Jinping and Premier Li Qiang on July 24-25. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
