News, deep dives, and analysis — every China story, newest first.
Huawei’s push into the electric vehicle market just got a major boost. According to Bloomberg, an investment has valued the tech giant’s auto solutions company at a whopping $16 billion. The Deal Avatr Technology, an EV brand with some serious backing, just dropped $1.6 billion for a 10% stake in Huawei’s Yinwang Smart Technology Ltd.…
China’s recent expansion of its cash-for-clunkers trade-in program could give a significant boost to electric vehicle (EV) sales in the coming months. According to a BloombergNEF report, this initiative might push total EV sales in China beyond 10 million units this year. Doubling Down on Trade-In Incentives The Chinese government recently announced a doubling of…
Tesla China has announced a significant milestone in the construction of its new Shanghai Megapack factory, reaching 45% completion just three months after breaking ground. This rapid progress sets a new record for the electric vehicle giant, according to a report by Sawyer Merritt on X. A Glimpse into the Future Tesla shared a progress…
The European Union has announced a significant reduction in its planned tariff on Tesla vehicles imported from China, according to a report from CNBC. The tariff, originally set at 20.8%, has been lowered to 9%, marking a notable shift in the EU’s approach to addressing concerns about Chinese electric vehicle (EV) competition in the European…
Ride-hailing giant Uber has announced a groundbreaking partnership with BYD, the world’s largest electric vehicle manufacturer, in a bid to reportedly boost EV ownership among its drivers. The Deal: Discounts and Special Leases The agreement aims to make EV ownership more accessible to Uber drivers through: Ambitious Goals and Global Reach This partnership has set…
Volkswagen is making significant changes to its electric vehicle (EV) development strategy in China. The German automaker is centralizing its EV operations in Anhui province, aiming to better compete with local manufacturers and meet the unique demands of Chinese consumers, according to a report from CNEVPost. Shifting R&D Focus to Anhui Volkswagen’s current R&D center…
The European Union’s new tariffs on Chinese-made electric vehicles (EVs) have caused a significant slowdown in their influx, according to recent data from Dataforce. The move, aimed at protecting EU automakers from low-cost competition, has resulted in a 45% decrease in new EV registrations from Chinese manufacturers like BYD and SAIC Motor’s MG in July…
Hong Kong’s electric vehicle (EV) market is experiencing a significant shift as Chinese brands gain popularity and market share. According to a recent report by the South China Morning Post, mainland Chinese EV manufacturers are using the city as a testing ground and springboard for international expansion. Surge in Chinese EV Market Share The market…
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