News, deep dives, and analysis — every China story, newest first.
BYD’s aggressive expansion strategy is paying off as the Chinese electric vehicle manufacturer prepares to announce November sales figures that will likely cement its position ahead of traditional automotive powerhouses Ford and Honda in global sales volume. The company’s remarkable growth trajectory has already seen it surpass Tesla in quarterly revenue, marking a significant shift…
Tesla’s dominance in the Australian electric vehicle market is showing signs of erosion, with November sales dropping 35.5% year-over-year to 2,540 units according to Electric Vehicle Council data. This decline contributes to the brand’s first annual sales decrease of 20.9% in the market, marking a significant shift in the company’s previously upward trajectory. While Tesla…
General Motors faces a significant financial setback in China, announcing a $5.5 billion write-off as its joint venture struggles amid the country’s rapid transition to electric vehicles. This development marks a crucial turning point in the world’s largest automotive market and serves as a warning sign for traditional automakers, reports Barron’s. The Financial Impact The…
In a concerning development for the electric vehicle industry, new analysis suggests that the elimination of federal tax credits under a second Trump presidency could significantly impact EV adoption rates in the United States. According to research by economists from UC Berkeley and Duke University, the removal of the $7,500 federal incentive could result in…
Japanese automakers, including their emerging EV divisions, might face new challenges as incoming U.S. President Donald Trump considers imposing significant tariffs on Japanese vehicle exports, according to Moody’s Analytics senior economist Stefan Angrick in a recent interview. Campaign Promises and Trade Tensions Trump’s campaign included promises of sweeping tariffs ranging from 10% to 20% on…
Swedish EV battery manufacturer Northvolt has filed for Chapter 11 bankruptcy protection in the US, with only enough cash to keep operations running for about a week, according to Reuters. Financial Struggles Hit Hard The company, which produces battery cells for electric vehicles, is facing a severe liquidity crisis with just $30 million in cash…
Premium EV maker Nio reported disappointing third-quarter results as intense price competition in China’s electric vehicle market continues to squeeze margins and impact sales targets, reports Bloomberg. Revenue Growth Overshadowed by Losses The Chinese automaker posted revenue of 18.7 billion yuan ($2.6 billion) in Q3 2023 after delivering 61,855 vehicles, falling short of analyst expectations.…
China just hit a massive milestone in its EV revolution, with its 10 millionth electric vehicle rolling off production lines – beating 2023’s output seven weeks early according to a report from OilPrice.com. Record-Breaking Growth Despite Economic Challenges Chinese EV makers are crushing it this year. They’ve delivered 9.75 million units to mainland buyers between…
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