BMW’s recent announcement about cutting its profit margin forecast due to sluggish demand in China is just the tip of the iceberg. According to analysts, electric vehicles (EVs) are shaking up auto sales in the world’s biggest market, leaving foreign…
Sales of Chinese brands are up nearly 22% with Chinese companies overwhelmingly dominating sales of the EV market. Overcapacity in China’s auto manufacturing has become a major point of tension between the country and other big economies. The complaint from…
In a bold move to expand their global footprint, nearly 900 Chinese auto suppliers and a handful of EV makers are showcasing their products at the Automechanika trade fair in Frankfurt. This event, which typically focuses on suppliers, has added…
In a groundbreaking move, Chinese EV startup Nio has set a new milestone in the battery-swap arena. The company claims that its owners can now avoid long, boring charging stops by simply replacing their dead EV battery with a fresh…
Tesla is facing tough competition in China as local and international rivals flood the market with more advanced electric vehicle (EV) models. The US company’s share of Chinese EV sales has dropped to 6.5% in the first seven months of…
Electric school buses are hitting the roads, transforming the way kids get to school. These buses aren’t just cleaner; they’re also quieter and can even power local grids. The first all-electric school bus fleet started operating in Oakland, California, last…
Vice President Kamala Harris, once a staunch supporter of federal rules mandating electric vehicle (EV) production, has seemingly changed her stance. According to a recent report by Alex Thompson and Ben Geman of Axios, Harris’ campaign stated that she “does…
China‘s top electric vehicle maker, BYD, has decided to put its Mexico factory plans on hold until after the US election, according to a recent report from the South China Morning Post. This move comes as global businesses adopt a…
Chinese electric vehicle (EV) manufacturers are showing resilience in the face of global trade restrictions, with several major players reporting significant year-on-year sales increases for August. This surge comes despite recent announcements by the European Union, United States, and Canada…
European automakers, particularly Volkswagen, are facing a significant crisis in their electric vehicle (EV) production efforts. According to a recent Bloomberg report, German and French carmakers are rapidly losing ground in the race to produce EVs, leading to potential factory…
Xpeng, a leading Chinese electric vehicle manufacturer, has announced its latest offering in the competitive EV market – the Mona M03 coupe. This new model is set to disrupt the industry with its remarkably low price point, starting at just…
BYD, China‘s leading electric vehicle manufacturer, has climbed to the seventh spot in global auto sales rankings, outpacing industry stalwarts Honda and Nissan in the April-June quarter. This significant shift in the automotive landscape is largely attributed to BYD’s focus…
China has strongly criticized the European Union’s decision to impose tariffs on electric vehicle (EV) imports, despite the EU lowering duties for several major EV manufacturers, including Tesla. This information comes from a recent CNBC report. Beijing’s Stance on EU’s…
Uber Technologies is gearing up for a greener future by bringing on board a former Tesla executive to spearhead its electric vehicle (EV) transition. According to a memo obtained by Reuters, Rebecca Tinucci is set to join the ride-hailing giant…
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…
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…
Chinese electric vehicle manufacturer BYD has announced plans to establish a car production plant in Karachi, Pakistan, marking a significant step in the company’s global expansion strategy. This move, reported by Reuters, positions BYD as the first major new energy…
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…
European Union’s new tariffs on Chinese-made electric vehicles (EVs) have sent shockwaves through the market, causing a significant drop in registrations. According to Bloomberg, the introduction of these tariffs, which can reach up to 48%, has led to a 45%…
Ford is ramping up its efforts to compete in the affordable electric vehicle market, according to a report from Electrek. The automaker recently presented dealers with renderings of potential new electric models, including sedans, crossover SUVs, and pickups, all aimed…
China has launched a counteroffensive in its trade dispute with the European Union, filing a complaint with the World Trade Organization (WTO) over the EU’s proposed tariffs on Chinese electric vehicles (EVs). This move comes in response to the European…
According to a report from the Polish Economic Institute (PIE), Chinese electric vehicle manufacturer BYD is planning to export 75,000 electric cars annually to the EU market from its factory in Turkey. This move appears to be a strategic attempt…
Reuters reports that the European Union is set to impose tariffs of up to 37.6% on electric vehicles (EVs) imported from China, marking the EU’s largest trade case to date. This move, aimed at leveling the playing field for European…
Ford Motor Company CEO Jim Farley expressed growing optimism about the automaker’s ability to produce electric vehicles (EVs) profitably in the U.S., thanks to supportive government policies, reports Axios. This development is crucial as Ford, the second-largest EV brand in…
China has poured a staggering $230.8 billion into its electric vehicle (EV) industry over the past decade, according to a new analysis by the Center for Strategic and International Studies (CSIS). This massive government support, representing nearly 19% of total…
Fisker, the struggling electric vehicle startup, has filed for Chapter 11 bankruptcy amid mounting financial woes and production challenges. The company, known for its Fisker Ocean electric SUV, had previously warned of a potential collapse due to insufficient funds to…
China has strongly criticized the European Union’s decision to impose tariffs of up to 38.1% on Chinese electric vehicles, calling it protectionist behavior and urging the EU to correct its “wrong practices,” reports Reuters. The reaction from China and other…
The European Union’s decision to impose additional tariffs of up to 38.1% on electric vehicles imported from China has drawn criticism from Beijing and raised concerns about a potential trade war. The move follows an investigation into China’s state support…
The Electric Vehicle Revolution China has rapidly emerged as a global leader in the electric vehicle (EV) industry. Chinese automakers are not only dominating their home market but also expanding exports worldwide. BYD, a Shenzhen-based conglomerate, has overtaken Tesla as…
Chinese automakers target emerging markets as US and EU raise barriers In a strategic shift, Chinese electric vehicle (EV) manufacturers are focusing on emerging markets as the US and Europe impose tariffs and restrictions on Chinese imports. This move could…
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