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Latest news, in-depth features and opinion on electric & new energy vehicles.
The extension of the incentives took into consideration both the budget deficit and the environmental advantages of continuing to strive for electric vehicle adoption.
The global automotive industry is making a “strategic transformation” towards electrification, said Gou Ping, vice-chairman of the State-owned Assets Supervision and Administration Commission.
Carmakers have been racing to source more battery and component production in America since the Biden administration’s 2022 Inflation Reduction Act, which required local sourcing to qualify for tax credits.
Concerns about Beijing’s potential to threaten US national security have spurred several bills seeking more scrutiny about who is representing Chinese interests.
New Delhi has been working on a new EV policy, following a proposal by Tesla to set up an Indian factory and build a low-cost car in exchange for lower import taxes.
The two companies aim to churn out EV batteries that can last for as long as 15 years, nearly double the current average lifespan, which could help EV users save tens of thousands of yuan, they say.
His declaration comes during an inspection tour and as the European Parliament approves a new legal framework to get ahead of worrisome risks associated with artificial intelligence.
Tesla owners raised concerns for years about design flaws and seeming malfunctions that caused them to accidentally drive in reverse before the death of US shipping magnate Angela Chao.
The world’s largest EV maker is taking the offensive in a market-share battle, with rivals including Xpeng, Zeekr and SAIC-GM-Wuling also slashing prices.
One study shows distributed energy resources such as small solar panels could one day account for half of the region’s renewable energy output.
The Chinese smartphone maker, which has started taking orders for its maiden EV model, will start deliveries on March 28. The market estimates the car to be priced from 200,000 yuan (US$27,865) to 370,000 yuan.
Chinese electric vehicle (EV) maker Xpeng plans to launch its first right-hand drive model in the second half of this year as it accelerates its push to go global, targeting markets such as Hong Kong and Southeast Asia.
Over the past 10 years, the number of EVs in China has grown to more than 20 million but with favourable policies about to expire, fierce competition is putting pressure on carmakers’ profitability.
The US carmaker’s Gigafactory in Shanghai handed over 30,141 Model 3s and Model Ys to mainland customers last month, a year-on-year decline of 24.4 per cent, according to China Passenger Car Association data.
China’s rising number of electric car owners, a shortage of charging stations and other issues caused long queues and left some drivers stranded when millions took to the roads at Lunar New Year.
Start-up H2 Solution is planning to set up its operations at Hong Kong’s science and technology park in Pak Shek Kok as a launchpad into overseas markets.
The Shenzhen-based company expects to complete its share repurchase scheme within 12 months of the plan’s approval by shareholders.
Vehicles imported before the probe is concluded could be slapped with anti-subsidy duties.
The Warren Buffett-backed carmaker has stepped up its pace of overseas expansion amid an ongoing price war and slowing sales at home.
Australia is turning highly attractive to Chinese brands as it does not have a car manufacturing industry and is seen as unlikely to erect trade barriers.