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.

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 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.

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.

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 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.

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.

The autonomous aircraft, which can fly over 35km and has two passenger seats, is part of an experiment to ease traffic congestion.

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.

Gotion High-Tech’s new facility, which received state incentives valued at US$536 million, is expected to create 2,600 jobs and start production next year.

Polestar, the Swedish electric vehicle (EV) maker owned by Chinese auto giant Geely Holdings, aims to launch a smartphone alongside its upcoming SUV model in China this year.

Chinese electric vehicle (EV) battery producer Eve Energy ties up with three foreign partners, including Daimler Truck, to build a factory in the US, a move that stamps China’s authority in manufacturing key components for EVs.

Tesla reached another milestone in China on Wednesday after its Gigafactory 3 in Shanghai rolled out its two-millionth vehicle, an achievement that the US carmaker views as a triumph for itself and its Chinese suppliers.

The new basic edition of the Model 3 is priced at 259,900 yuan (US$35,783) and can go as far as 606km on a single charge. Tesla’s sales fell 58 per cent month on month in July.

A US$1.3 billion federal plan to encourage EV manufacturing and provide discounts for customers, along with rising fuel costs are driving up sales, analysts say.

The EV tipping point was passed in 2021. If the trends hold true, the rest of this decade will be remembered for doing for electric cars what the 1980s did for the microwave oven.

With a design that resembles a hi-tech luxury yacht, an Audemars Piguet timepiece on the dashboard and comparisons to the Bentley Batur, here’s what you need to know about Rolls-Royce’s latest release

Two former employees misappropriated information in violation of the firm’s IT security and data protection policies, and shared it with a media outlet, the Maine’s Attorney General office stated.

It’s his second trip to Asia this year after he visited China for the first time in three years, and declared he would expand his business in the world’s largest market for electric vehicles.

Tesla failed to fix limitations in its Autopilot system following a Florida crash that killed a driver in 2016, company engineers said in a family’s lawsuit over a very similar 2019 fatal collision.

Tesla made its second round of price cuts in China this week, further fuelling concerns the carmaker is reigniting a price war and pressuring premium carmakers to follow suit.

The luxury German carmaker says there’s ‘big demand’ for its EVs so that’s all it wants to sell in Malaysia by 2030. But China’s BYD and Elon Musk’s Tesla want a slice of the pie, too.

The latest data widened China’s lead over Japan. China exported 2.34 million vehicles in the first half, more than Japan’s 2.02 million units, according to the Japan Automobile Manufacturers Association.

More than a dozen carmakers, from BYD to Honda’s Chinese joint venture, are ramping up efforts to sell vehicles overseas, which has helped China overtake Japan as the world’s largest car exporter.

‘China has yet to create a single international marquee of its own that is universally recognised and respected,’ but ‘we are now powerful enough to lead the transition of the global auto industry,’ says Wang Chuanfu.