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…
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…
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…
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…
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…
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,…
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…
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…
Swedish electric vehicle maker Polestar has started production of its Polestar 3 SUV in the United States, marking a significant step in avoiding major tariffs on Chinese-made cars, according to Reuters. Polestar Shifts Production Strategy Polestar, majority-owned by China’s Geely,…
Taiwanese electronics giant Foxconn is making a bold move into the electric vehicle (EV) market, according to the New York Times. The company, best known for manufacturing iPhones, is planning to build a 700-acre campus dedicated to EV production in…
A four-year federal investigation into Tesla’s front suspension failures has concluded, with recommendations for the electric vehicle maker to expand its service bulletin, ARS Technica reports. The issue, dubbed the “whompy wheel” problem by Tesla enthusiasts, has affected hundreds of…
Chinese electric vehicle manufacturer Zeekr has unveiled new battery technology that claims to offer the world’s fastest charging speeds, potentially addressing key consumer concerns about EV adoption. This development was reported by CNBC on Tuesday, August 13, 2024. Record-Breaking Charging…
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