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Electric & new energy vehiclesi

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

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The EU is worried its carmakers cannot compete with China in the new energy vehicle sector while Beijing views electric vehicles, lithium-ion batteries and solar panels as drivers of exports and economic growth.

  • Only a few dozen employees at the Gigafactory 3 were told to leave, a tiny portion of the assembly workforce, say two people with knowledge
  • Two sales managers in Shanghai said ‘quite a lot of’ colleagues had been made redundant in the past few days
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Ampace is betting on a boom in home energy storage systems and the ‘batterification’ of tools and electronic devices as it aims to solidify an already dominant position in a part of the market away from electric cars and smartphones.

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Carmakers like Dongfeng, Chery and BYD are eyeing production sites in Europe to assemble the next generation of electric vehicles as a foil against the EU’s protectionist tariffs as a brutal price war at home drives more producers offshore in search of fresh markets.

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Buyers and exhibitors of new energy equipment at the Canton Fair are showing boundless optimism as orders rise, but measures likely to be taken against the industry by the US and EU could spoil the fun.

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Chinese state-owned carmaker Chery Automobile takes a step into Europe’s EV markets as its Omoda brand establishes a partnership with UK car rental company Octopus Electric Vehicles.

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Xiaomi’s roaring entry into the electric vehicle market is dimming the recovery outlook for China’s beaten down car start-ups, with better-than-expected initial orders for the SU7 helping a rally its shares.

Ahead of China’s quarterly GDP release, survey figures reflect how difficult times have been for half a billion Chinese people, and where their priorities now lie.

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US Treasury Secretary’s meetings to include talks with China on ‘balanced growth’, a new dialogue to address China’s excess industrial capacity for EVs, solar panels and other clean energy goods.

Scholz’s trip comes as the European Union is undertaking an anti-subsidy investigation into Chinese electric vehicles (EVs), and as criticism grows in the United States about Chinese overcapacity.

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Geopolitics is the biggest uncertainty and foreign interest in Chinese assets will depend on the direction of Beijing’s next set of policies, according to executives at the Harvard College China Forum.

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The electric version of the motorised cargo tricycle, long used in China, has drawn interest in the United States after a social media account showed one in Dearborn, Michigan.

Huawei announced new versions of its Luxeed S7 electric sedan and a PC with AI built in, but people are still awaiting its next big smartphone launch since the Mate 60.

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State subsidies are in Brussels’ cross hairs as the world’s largest windpower producer exports low-cost turbines to quench global demand for clean power.

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The Chinese electric vehicle maker has taken a significant step towards tapping the right-hand drive market after forming a partnership with Sime Darby Motors to distribute its cars in Hong Kong.

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Tesla CEO Elon Musk said artificial intelligence (AI) would be smarter than the smartest human probably by next year, or by 2026, adding that AI development was constrained by the availability of electricity.

New-energy vehicles will make up about half of new car sales in China by 2030, as state incentives and expanding charging stations win over more customers, Moody’s Investors Service says.

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Li Auto, Tesla’s nearest rival in mainland China, plans to start selling a new, more economical model aimed at families amid a price war in the country’s electric vehicle market.

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