Tag: china
Chinese firms snatch record 11% of Europe’s EV market as buyers race to beat tariffs
Chinese EVs grab 11% of Europe’s EV market share in June as buyers rush to beat new tariffs.SAIC, owner of MG, sold nearly 13,400 cars, surpassing BYD’s 4,000, with 40% of imports dealer-registered.State-owned SAIC,...
Nic Thomas brings marketing and branding expertise to propel Changan Automobile’s European expansion
Nic Thomas, with Ford and Nissan experience, now leads Marketing, Sales & Service, Europe for Changan Automobile.Changan, a Chinese automaker, aims for a 100% EV and hybrid lineup by 2025, producing 2.3 million vehicles...
The EU Commission’s tariffs on China’s EV imports face slight amendments amongst industry backlash
EU Commission announced provisional tariffs on China's EV imports effective from July 5, pending ongoing negotiations with Beijing.Tariffs range from 19.9% to 47.6%, including a 20.8% special duty for cooperating manufacturers in the subsidy...
Tesla shares shoot up 10%, despite a decline in deliveries
Tesla's Q2 vehicle deliveries fell by 5%, but smaller-than-expected decline boosted shares by over 10%.Stronger-than-expected sales in China and the US helped Tesla deliver 443,956 vehicles, surpassing Wall Street estimates.Tesla faces competition from new,...
LEVC launches the L380 in China, marking the electric taxi manufacturer’s extraordinary growth
LEVC expands from taxi manufacturing to consumer models, launching the fully electric L380 MPV in China with global market plans.The L380 features luxury materials, flexible seating, and advanced digital technology, priced between 379,900 RMB...
EV sales are exceeding expectations in China, yet faltering in the US and Europe
Battery electric vehicles in China are projected to exceed 50% of total sales by 2030, two years early.US and Europe face EV sales plateau due to affordability, infrastructure issues, and economic uncertainty, despite optimistic...
Brazil is embracing EVs, overtaking Belgium as a top importer of Chinese EV models
EV market in Brazil will grow from US$661.3 million in 2024 to US$1,236.0 million by 2028.China exported 40,163 new energy vehicles to Brazil in April 2024, marking a 13-fold year-on-year increase.Chinese automakers, including BYD...
Ferrari warns rivals of Chinese EVs ahead of 2025 electric debut
Ferrari warns EU automakers of incoming Chinese EV competition, calling for action.CEO Benedetto Vigna sees China's EV growth as friendly competition, not a war.Ferrari to launch first electric supercar in 2025, aims for 60%...
Chinese carmakers set sights on production in Turkey to dodge EU tariffs
Chinese automakers eye production in Turkey to avoid EU tariffs.Turkey, a key player in automotive production, accelerates discussions with BYD, Chery, and SAIC.Partnership signifies Turkey's readiness for Europe's electric vehicle transition, boosting its role...
EVs are racing towards half of global auto market dominance
EVs storm towards half of global auto market dominance.IEA's Global EV Outlook 2024 crushes pessimistic views on EV sales, with projections of 17 million global EV sales in 2024.China leads with 10 million EV...
U.S. Government raises tariffs on China’s electric vehicles to 100%
U.S. Government raises tariffs on Chinese electric vehicles from 25% to 100% to protect domestic production.Biden administration targets China's market dominance and subsidies, citing national security concerns.EU investigates Chinese electric car dumping, considering tariffs...
Tesla is on the verge of introducing self-driving technology in China with Baidu partnership
Tesla gains tentative approval for self-driving software in ChinaCollaboration with Baidu addresses regulatory concerns, allows use of Full Self Driving (FSD) solutionAgreement signifies strategic partnership, grants access to mapping technology for data collectionTesla partners...
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IEA’s Global EV Outlook: Electric vehicles will capture over 20% of the automotive market in 2024
IEA's Global EV Outlook predicts significant growth, with China, Europe and the US booming in electric car adoption by 2030.Electric vehicles are set to capture over 20% of the global market share in 2024.Challenges...
Could Honda’s new EV brand in China spell trouble for BYD?
Honda's new EV brand 'Ye' could challenge the dominance of local players like BYD, unveiling a lineup of electric SUVs and a sleek GT model.With a 10% sales drop in China last year, Honda...
Volvo Cars makes breakthrough with its first climate-neutral plant in China
Volvo Cars achieve climate-neutral status at Taizhou plant in China through biogas transitionTransition expected to reduce over 7,000 tonnes of CO2 emissions annuallyPart of Volvo's broader goal for global climate-neutral manufacturing operations by 2025Volvo...
Volkswagen and XPENG forge EV partnership for rapid development of new models
XPENG, Volkswagen sign Master Agreement for EV collaboration in platform and software development.Joint Sourcing Programme to cut costs, leveraging scale and VW's supply chain.Accelerated joint development of smart electric cars, starting with an SUV...
Polestar 3 production commences on dual fronts: China and the USA
Polestar 3 production starts in Chengdu, China, and sets sights on the USA.CEO Thomas Ingenlath emphasises the transformative milestone for Polestar's three-car lineup.Production in South Carolina, USA, marks a significant move, aligning with Polestar's...
Electric Car Sales are Expected to Soar by up to 35% After Record-Breaking 2022 Figures
Electric vehicle (EV) sales are expected to reach a record high this year, according to the latest report from the IEA.Over 14 million units are projected to be sold, accounting for 18% of the...
