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…
Volkswagen, the German auto giant, is hitting some speed bumps on its journey to electric vehicles (EVs). The company’s facing tough times as it tries to keep up with the fast-changing EV market, according to a recent Wall Street Journal…
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…
Chinese electric vehicle manufacturer Xpeng is gearing up for a significant expansion into the European market, as reported by Bloomberg News. The company is planning to introduce entry-level cars and establish local production facilities in Europe, aiming to circumvent potential…
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…
In a bold move to protect its domestic electric vehicle (EV) industry, Canada has announced a hefty 100% tariff on imported Chinese EVs. This decision, revealed by Prime Minister Justin Trudeau on Monday, marks a significant shift in Canada’s trade…
Scientists at the University of Edinburgh are pioneering an innovative approach to recycling critical metals used in electric vehicle (EV) batteries and other green technologies. This groundbreaking research, as reported by The Guardian, could be a game-changer for the EV…
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…
Tesla’s Vice President of Finance and Business Operations, Sreela Venkataratnam, has announced her departure from the electric vehicle giant after an impressive 11-year stint. Her exit marks the end of an era that saw Tesla transform from a niche automaker…
Chinese tech companies are making significant strides in the electric vehicle (EV) market, outpacing their Western counterparts in innovation and sales. This story, as reported by The Economist, highlights the growing dominance of Chinese firms in the EV industry. The…
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…
BMW’s China-produced electric Mini is set to benefit from a reduced tariff of 21.3% in the European Union, according to a recent report from Reuters. This development comes as part of the EU’s latest draft tariff document on duties for…
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…
Porsche SE, the investment vehicle controlled by the Porsche-Piëch family, is eyeing new opportunities in the automotive sector, particularly in electric vehicle (EV) technology, as market valuations decline. This news comes from a recent Financial Times report. Seeking EV Opportunities…
Chinese automaker Li Auto is making waves in the electric vehicle market with its extended-range electric vehicles (EREVs). These innovative cars are addressing range anxiety concerns while offering the benefits of electric driving, according to a recent Bloomberg report. The…
Volkswagen Group is revising its electric vehicle roadmap, pushing back the launch of its highly anticipated Trinity EV while potentially fast-tracking an all-electric Golf, according to a report from Handelsblatt newspaper. Trinity’s Delayed Arrival The Trinity, initially positioned as VW’s…
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…
Xiaomi, the Chinese smartphone giant, is making waves in the electric vehicle (EV) market, showcasing its first electric car, the SU7, during the Paris Olympic Games. As reported by Bloomberg, this bold move marks a significant step in the company’s…
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