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…
EV Maker Set to Rival Tesla’s Production Capacity In a significant development for the electric vehicle (EV) industry, Chinese EV maker Nio has secured approval to construct a third factory in China. This new facility, known as F3, will boost…
US and EU Throw Up Roadblocks, but Automakers Grow Closer to China The US and Europe are erecting barriers to keep Chinese cars out of their markets, but at the corporate level, automakers are growing ever closer to China. President…
China’s electric vehicle (EV) market continues to thrive, with manufacturers reporting strong sales growth in May, despite a general decline in consumer spending. This growth is driven by price cuts and new model launches, leading companies like BYD, Nio, and…
Tesla is sending executive Tom Zhu back to China amid slumping sales and increased competition in the world’s largest electric vehicle market. Zhu, who was promoted to senior vice president of automotive in April 2023, previously led Tesla’s entry into…
At the recent Financial Times’ Future of the Car Summit, Lucid CEO Peter Rawlinson delivered a nuanced view on the electric vehicle (EV) landscape. He acknowledged the significant strides Chinese automakers like BYD have made, yet he emphasized that they…
Potential Supply Deal or Acquisition in the Works China’s leading electric car manufacturer, BYD, is reportedly in discussions with Brazilian lithium producer Sigma Lithium for a potential supply agreement, joint venture, or acquisition. This news highlights the increasing global interconnectivity…
BYD Surpasses Tesla in Electric Car Sales In a significant shift in the electric vehicle (EV) industry, China’s BYD has overtaken Tesla as the world’s best-selling maker of electric cars. In the final quarter of last year, BYD, backed by…
BYD Enhances Reward System to Counter Smear Campaigns China’s leading electric vehicle manufacturer, BYD, announced on Sunday that it is making its tipster reward system permanent. This initiative offers up to 5 million yuan ($700,918) to individuals who provide credible…
In a groundbreaking move, China’s prominent electric vehicle (EV) battery producer, BYD Co Ltd, is reportedly joining forces with South Korea’s KG Mobility Co Ltd to construct an EV battery plant in South Korea. Both companies aim to “secure stable…
Europe is witnessing a new wave of cars on its roads – Chinese electric vehicles (EVs). However, these newcomers from the East aren’t just coasting; they’re faced with unique hurdles to navigate. Rolling Up with Momentum Chinese auto giants like…
China’s electric vehicle giant, BYD Co, is making a power move in India. The company, along with Hyderabad’s Megha Engineering and Infrastructures, has submitted a proposal for a $1 billion investment to Indian authorities. If approved, this joint venture will…
Zeekr, the electric vehicle (EV) subsidiary of Geely Automobile, is pushing into the European market with two of its premium electric vehicles now available for pre-order in Sweden and the Netherlands. Customers can anticipate delivery of the Zeekr 001 estate…
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