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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 car manufacturers struggling to keep up, reports VOA News. The Rise of Chinese EVs In…
Volkswagen Group of America Inc. has issued a recall for almost 100,000 of its 2021-2024 electric vehicles, specifically the ID.4 EV sport-utility vehicle, due to a potential issue with the door handles. According to the U.S. National Highway Traffic Safety Administration (NHTSA), these vehicles may have been built with door handles that do not meet…
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 the west is that Beijing’s industrial policy has unfairly advantaged Chinese companies, leading to fears…
The European Union is set to lower its proposed tariffs on electric vehicles (EVs) imported from China, following consultations with affected companies. This development comes as part of an ongoing trade dispute between the EU and China over EV subsidies and market competition, reports the SCMP. Key Points Background The European Commission launched an investigation…
Tesla has officially announced that their highly anticipated Robotaxi unveiling event will take place in Los Angeles on October 10th. The company is offering a unique opportunity for shareholders to attend the event through a random drawing. Each share owned will count as an entry into the drawing, with results being communicated the week of…
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 a special “EV Expo” to highlight Chinese-made electric vehicles. The initiative comes as the Chinese…
Spanish Prime Minister Pedro Sánchez is set to meet with Chinese President Xi Jinping and other top officials on Monday, marking his second trip to China in just over a year. This visit comes amidst a tense backdrop of trade disputes, particularly over electric vehicles (EVs), reports AP News. Trade Tensions and Electric Vehicles The…
The Audi A6 e-tron is set to join the e-tron lineup as an all-electric luxury sedan and wagon, bringing a fresh wave of innovation to the EV market. According to InsideEVs, here’s what we know so far about the upcoming models. Models and Body Styles The A6 e-tron will be available in several variants: Pricing…
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