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Electric & new energy vehiclesi

Latest news, in-depth features and opinion on electric & new energy vehicles.

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  • Hermitage Capital is in talks with wealth funds and investment authorities to set up a Middle East private equity fund, senior executive says
  • Saudi Arabia is seeking to reduce its economic dependence on fossil fuels and ‘rapidly building a tech-driven start-up community’, Henry Zhang says

Hydrogen is poised to play a substantial role in the greening of Hong Kong’s public road transport, but its competitiveness as a clean fuel in the city’s overall energy mix remains uncertain, expert says.

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Lithium prices are spiralling down toward the lowest level in two years on concerns over the strength of Chinese demand for the material, a key ingredient in electric vehicle batteries.

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GRST, an eco-friendly lithium batteries technology start-up, aims to raise US$50 million over the next two years to fund joint ventures in Europe and North America, as it vies to grab a slice of the fast-growing sustainable batteries market.

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State Department report on alleged damage Beijing’s influence operations inflict on America’s reputation overseas is latest cause for Washington alarm.

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Chinese copper foil maker Londian Wason Energy Tech is planning an initial public offering in the US, and the company is working with Citigroup and Goldman Sachs on the listing preparations.

Readers discuss the European Union’s anti-subsidies investigation into Chinese-made electric vehicles, and the possible impact of a US government shutdown

The picket line in Michigan has become the scene of an early confrontation with Trump, who is set to make his own bid for the state’s blue collar votes.

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Luxeed, a marque developed by state-owned Chery Automobile and telecoms equipment giant Huawei Technologies, will launch its first production model in November.

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.

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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.

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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.

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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.

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Erdogan’s lobbying efforts follow those by French President Emmanuel Macron, who met Musk in June, and Spanish Prime Minister Pedro Sanchez.

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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.

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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.

‘We don’t have to fear any country,’ France’s finance minister says, calling the EU ‘one of the most powerful economic continents’.

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