Latest news, in-depth features and opinion on electric & new energy vehicles.
The company started European sales of two models just weeks ago and plans to add another seven by 2025, but its aspirations could run into a roadblock should the European Union impose extra import tariffs on Chinese EVs.
Xuzhou Construction Machinery Group aims to triple its sales of battery- and hydrogen-powered heavy machines to 30 per cent of total revenue in the next four years, as state decarbonisation policies and lower operating costs drive adoption.
Amid mounting talk in Europe of ‘de-risking’ from China, coupled with the unstoppable rise of Chinese electric-vehicle makers, German carmakers may be losing their say in the EU’s economic policy.
Valdis Dombrovskis makes his first trip to China as EU economics commissioner, a four-day tour of Beijing, Shanghai and Suzhou.
The company believes a technology-heavy owner experience, supported by the phone’s more than 30 car-specific features, will give it an edge in a sizzling but crowded market.
The prime minister says he is still committed to reaching net zero by 2050, but in a way that makes allowances for voters facing inflation pressures.
GRST, the second Hong Kong company nominated out of 45 finalists globally over three years, aims to improve the economics of recovering and reusing the materials in lithium-ion batteries.
BYD, China’s biggest EV maker, has launched its Dolphin compact hatch in Japan, where imported cars account for a small slice of the market. The base model is priced at US$24,560.
Nio plans to raise US$1 billion via convertible senior notes, as it seeks to reduce debt and strengthen its balance sheet amid escalating competition and rising losses.
The electric planes that take off and land vertically will be manufactured in the same Ohio river valley where the Wright brothers pioneered human flight.
The vast European market and its surging EV adoption rate will be a catalyst for Chinese EV makers’ go-global push, the bank says.
Erdogan’s lobbying efforts follow those by French President Emmanuel Macron, who met Musk in June, and Spanish Prime Minister Pedro Sanchez.
Volkswagen-backed Gotion’s factory in Gottingen is expected to reach a production capacity of 5GWh by mid-2024 and 20GWh when fully complete. It is also building plants in the US states of Illinois and Michigan.
Company hopes to expand to other types of private light buses, urges government to unveil change road map.
Chinese electric vehicle builders hit a roadblock after the European Commission launched an anti-subsidy investigation last week, which is likely to affect annual exports of more than 2 million battery-powered vehicles projected to be sold in the continent by 2030.
The European Commission is investigating what some EU players say is a flood of subsidised EVs from China.
‘We don’t have to fear any country,’ France’s finance minister says, calling the EU ‘one of the most powerful economic continents’.
The strikes are likely to affect the future of the union and of America’s home-grown car industry at a time when US labour is flexing its might and the companies face a historic transition to making electric vehicles.
The Hydromover, developed by the Goal Zero consortium, has a capacity to carry 25 tons of cargo and a battery that can be swapped in minutes when depleted.
Beijing has mobilised 39 business delegations to ensure the purchase of goods and services at the China International Import Expo, in its latest effort to maintain strong economic ties with foreign businesses and head off any chance of a decoupling with the West.
China will extend anti-subsidy duties on potato starch imports from the European Union for the next five years from Saturday, announcing the move hours after hitting back over a planned probe into its electric vehicle exports.
The ongoing transition to electric vehicles (EVs) will gather pace globally as battery costs – which make up as much as 40 per cent of the production cost of a typical EV – decline faster, dealing a further blow to sales of conventional petrol cars.
European Commission President Ursula von der Leyen announces an investigation, saying the prices for Chinese-made EVs are ‘kept artificially low’.
European Commission president Ursula von der Leyen announces investigation into alleged dumping of EVs during annual policy speech amid fears in Europe that Beijing’s industrial policy is undermining ability to compete in innovative sectors.
‘The revival of the MG brand shows China’s rising manufacturing might in the automotive sector,’ an analyst says, as SAIC leads the country’s push to overtake Japan in annual car exports this year.
Italian luxury carmaker Maserati is bringing back its grand touring coupe, the GranTurismo, after discontinuing it in 2019 – and we took it for a test drive through Los Angeles
This initiative underscores Shenzhen’s ambition to become China’s autonomous vehicle tech hub, more than a year after the city rolled out the country’s first dedicated regulations for intelligent connected cars.