Every EVXL story tagged “China” — newest first.
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 China and oversaw the company’s Asia Pacific operations, Bloomberg reports. Zhu’s Role and Promotion Tom…
Chancellor Confident in Germany’s Auto Industry Despite Challenges German Chancellor Olaf Scholz has praised Volkswagen AG’s move to develop affordable electric vehicles (EVs) priced from €20,000 ($21,696) as “very good.” Speaking at the East German Economic Forum in Bad Saarow, Scholz expressed his confidence in Germany’s automotive industry, stating that the country aims to remain…
Canadian lawmakers are facing mounting pressure from auto manufacturers, steel producers, and union officials to significantly increase tariffs on Chinese imports, reports Bloomberg. The push comes after US President Joe Biden announced substantial tariff hikes on Chinese goods, including a fourfold increase on Chinese electric vehicles. Why the Push for Higher Tariffs? Canadian industries warn…
Ford and GM’s leaders disagree on the future role of hybrid vehicles Ford’s CEO, Jim Farley, argues hybrids should be viewed as a viable long-term solution, while GM’s CEO, Mary Barra, considers them a temporary step towards full electrification, according to Reuters. Hybrid Vehicles: The Debate Jim Farley wants the industry to stop seeing hybrids…
Reuters reports that Tesla has been tracking chronic flaws and failures in its vehicles’ steering and suspension parts for years, according to company documents dated between 2016 and 2022. Despite this knowledge, the electric car maker has sought to blame drivers for these issues, claiming vehicle “abuse” rather than acknowledging defects. Premature Part Failures and…
Musk Slams New US Tariffs Tesla CEO Elon Musk has come out strongly against the new US tariffs on Chinese electric vehicles (EVs). His comments follow President Joe Biden’s decision to drastically increase these tariffs, quadrupling them in the process. Musk, speaking via video link at a tech conference in Paris, stated, “Neither Tesla nor…
Norway’s forward-thinking policies have propelled electric vehicles (EVs) to dominate 82% of new car sales in 2023, reports Forbes, outpacing the US and China, and setting a global standard for EV adoption. Government Action Sparks EV Boom In 2023, over 82% of new car sales in Norway were electric vehicles (EVs), the highest adoption rate…
Tesla is cutting back on Model Y production in China due to increased competition and a slowing market, according to Barron’s. This move might impact Tesla’s second-quarter delivery expectations and raises concerns about demand growth. Chinese EV Market Challenges The Chinese electric vehicle (EV) market is highly competitive and showing signs of slowing down. Through…
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