Skywell Q: Chinese Cupra Born in competition from Australian importers
While the Chinese car brand seems intent on gaining share of the Tesla Model Y with its own electric SUV, Skywell has pivoted to producing the next generation model. Unveiled at the Paris Motor Show last month, the Skywell Q is an electric hatchback with an impressive equipment list and eye-catching (if not slightly mind-boggling) performance credentials. Jack Puzin, CEO of Skywell’s local importer EV Automotive, attended the vehicle’s unveiling in Paris and said car expert He hopes it will be sold in Australia, but there's no official release date for the Q yet. Hundreds of new car deals available via car expert Now. Get the experts on your side and get big rewards. Browse now. Measuring 4297mm long, 1836mm wide and 1536mm high, the Skywell Q is just centimeters away from the Cupra Born, one of the few electric vehicles (EVs) that can be considered a derivative of the hot hatch formula. A single front-mounted electric motor delivers up…
“Tariffs are on the table regardless of U.S. importers
In an era of rapidly changing global trade conditions and increasing geopolitical uncertainty, U.S. importers and businesses face complex decisions about their manufacturing strategies. Ongoing trade tensions between the United States and China, coupled with the likelihood of tariffs regardless of the election outcome, have prompted many companies to reevaluate their reliance on Chinese manufacturing. However, the decision to onshore, nearshore, or reshore operations is not an easy one, as evidenced by Foxconn’s decision to invest $137.5 million in China by July 2024. Foxconn will establish a new headquarters in Zhengzhou, China. Also read: Top 25 container ports in the United States To navigate this challenging environment, companies must conduct a comprehensive analysis that spans multiple functions. The first step in this analysis is a thorough cost assessment. Labor costs, In the past, this has often been the main driver for offshoring, but it must be examined carefully. Companies need to compare not only current wage rates, but also long-term…
U.S. importers brace for higher freight rates amid strike threat
An impending union strike at ports along the U.S. East and Gulf Coast threatens to increase freight rates and cause massive disruptions in ocean container traffic, trapping U.S. importers in a vicious cycle. See also: East Coast and Gulf Coast ports face strike threats as ILO suspends labor talks The International Longshoremen’s Association (ILA) recently announced the suspension of labor contract negotiations with the United States Maritime Union (USMX). The current agreement will expire on September 30, sparking concerns about a strike. “Shippers are already bringing forward imports ahead of the traditional third-quarter peak season due to supply chain concerns over the Red Sea conflict,” commented Peter Sand, principal analyst at Xeneta. “They are likely to accelerate these efforts, further complicating the situation, as the risk of disruptions at East and Gulf Coast ports increases.” Increased frontloading of imports has led to severe congestion at ports in Asia and Europe, causing spot rates for ocean containers to rise by more…
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