Japanese automotive giants Honda and Nissan are exploring a potential merger as both companies face mounting pressure in the global electric vehicle market, particularly from Chinese competitors. The historically independent automakers are weighing this unprecedented step to maintain competitiveness in…
Chinese electric truck manufacturers are leveraging their established EV supply chain advantages to dominate the nascent electric trucking sector, capturing 70% of global sales in 2023 despite electric trucks representing less than 1% of worldwide truck sales. However, this expansion…
Chinese electric vehicle manufacturer Nio has unveiled its most ambitious vehicle to date – the ET9 executive sedan – directly targeting the stronghold of German luxury automakers in China’s premium vehicle segment. The $110,080 electric flagship, slated for March deliveries,…
The European Union’s transition to electrified vehicles hit a significant milestone in 2023, with hybrid and battery-electric vehicles collectively matching traditional internal combustion engine (ICE) registrations for the first time. New data from Eurostat reveals that electrified vehicles captured 48.3%…
The global electric vehicle market reached another milestone in November 2024, with sales of fully electric and plug-in hybrid vehicles climbing 32.3% year-over-year to 1.83 million units, marking the third consecutive record month according to data from market research firm…
Chinese electric vehicle manufacturers are establishing a growing presence in Mexico, marking a strategic move that could reshape North America’s automotive landscape. BYD, the world’s largest EV maker by volume, is leading this charge with makeshift dealerships appearing across Mexico…
VinFast plans to construct a second manufacturing facility in Vietnam’s Ha Tinh province, aiming to double its production capacity to 300,000 units annually. The Vietnamese automaker announced the expansion as part of its strategy to meet international demand, particularly for…
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…
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%…
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…
Tesla has made a significant pivot in its leasing strategy, now allowing customers to purchase their vehicles at lease-end across its entire lineup. This policy shift, announced on November 27, 2024, marks a notable departure from the company’s previous stance…
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…
The European Union is ramping up its defensive stance against Chinese electric vehicle imports through a combination of increased tariffs and new intellectual property sharing requirements, according to reporting from the Financial Times. New Rules for Chinese EV Companies Brussels…
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…
Italy is leading a renewed push to revise the European Union’s landmark 2035 combustion engine ban, gaining support from the Czech Republic in calling for a broader approach to vehicle technologies beyond pure electric solutions. According to a Bloomberg News…
Chinese electric vehicle stocks saw significant gains after industry leader BYD posted extraordinary October delivery numbers, backed by strong government incentives driving the sector’s growth, reports Bloomberg. Record-Breaking Performance BYD’s shares surged up to 5.6% in Hong Kong trading on…
The European Union has made a decisive move by implementing increased customs duties on Chinese-made electric vehicles, marking a watershed moment in the evolving trade relationship between the EU and China, according to AP News. This decision comes after failed…
In a striking demonstration of China’s evolving technological resilience, BYD has emerged as a global EV powerhouse, now selling more electric vehicles than Tesla Inc., while successfully navigating US trade restrictions through strategic international expansion. This development comes amid broader…
Tesla delivered a powerful financial performance in Q3 2024, reporting adjusted earnings of $0.72 per share ($2.51 billion net income), significantly outpacing analyst expectations of $0.59 per share, according to Forbes reporting. Strong Financial Performance Marks Turning Point The EV…
Tesla’s upcoming Q3 earnings call is shaping up to be a high-stakes showdown, with CEO Elon Musk in the hot seat as investors and analysts prepare to grill him on the company’s ambitious robotaxi plans. This heightened scrutiny comes in…
The Paris motor show has become a battleground for the future of Europe’s auto industry, with Chinese electric vehicle (EV) manufacturers making a strong push into the market. This development, reported by The Guardian, highlights growing concerns about the competitiveness…
Apple Inc. secretly collaborated with Chinese automaker BYD Co. on developing long-range EV batteries as part of its now-canceled car project, according to a recent Bloomberg report. This partnership, which began around 2017, aimed to create advanced battery systems using…
Chinese electric vehicle manufacturers made a bold statement at this year’s Paris Auto Show, showcasing their latest models despite recent EU tariffs. According to reporting from The New York Times, a record number of Chinese automakers unveiled cutting-edge EVs, seemingly…
Global sales of electric vehicles (EVs) and plug-in hybrids jumped 30.5% year-over-year in September, according to data from market research firm Rho Motion. This surge was primarily driven by China’s record-breaking numbers and a return to growth in Europe. China…
In a stunning reversal of fortune, Germany’s automotive powerhouses are finding themselves outpaced and outmaneuvered in the world’s largest car market. A recent Bloomberg report paints a sobering picture of how Volkswagen, BMW, and Mercedes-Benz are desperately scrambling to catch…
China’s commerce ministry announced provisional anti-dumping measures on brandy imports from the European Union, effective October 11. This decision, reported by Reuters, marks a reversal from their earlier stance and adds another layer to the ongoing trade tensions between China…
Tesla’s dominance in energy storage hits new heights as the only company to secure an AAA rating in the new Battery StorageTech Bankability Ratings report, outpacing competitors in the growing BESS market. According to the Battery StorageTech Bankability Ratings report,…
The European Union has taken a stand against Chinese electric vehicle imports, voting to impose tariffs of up to 35% on battery cars from China. This move comes as the EU tries to protect its auto industry from what it…
Tesla’s upcoming Robotaxi Day could be a pivotal moment for the electric vehicle giant and its CEO, Elon Musk. According to a Barron’s article, the event on October 10 in Hollywood, California, may determine whether Tesla regains its position among…
BYD, the $122 billion Chinese auto and battery giant, is experiencing a significant shift in its product mix, with hybrid vehicles overtaking pure electric models in sales this year. This trend, particularly driven by exports, highlights the growing global demand…
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