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The $10,000 BYD Seagull EV is scaring the U.S. auto industry

Teslarati

Although competitive Chinese automaker BYD isn’t yet slated to enter the U.S. Even despite ongoing political concerns, its entry into North America is considered an eventuality, and other Chinese automakers likely won’t be far behind. auto sector,” the organization writes. BYD last year sold 1.57

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Stellantis strengthens ties with China’s auto industry

Teslarati

Stellantis appears to be strengthening its ties in China’s automotive industry. Stellantis recently repurchased €934 million in shares from Chinese auto company Dongfeng as per a pre-existing share repurchase framework. billion in Leapmotor , acquiring 20% of the Chinese company and becoming a significant shareholder.

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CRU: Chinese EV sales hit hard by COVID-19 outbreak, but only for short-term

Green Car Congress

The COVID-19 has hit the Chinese EV sector hard; CRU, a provider of business intelligence on the global metals, mining and fertilizer industries, believes that weak sales will last at least until early Q2 2020. Nonetheless, it continues to forecast Chinese EV sales growth in 2020 over 2019’s total.

Chinese 221
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European battery maker ACC partners with Circulor to map supply chain, carbon emissions – ET Auto

Baua Electric

The partnership comes as the European auto industry readies for a “battery passport” that will trace the content and carbon footprint of EV cells sold in Europe. Launched in 2020, ACC has announced EV battery plants in France, Germany and Italy with a 7 billion-euro (USD 7.6 billion) investment.

Carbon 97
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Ipsos Auto Global Study: interest in battery electric vehicles growing in the US

Green Car Congress

However, the study reveals there has been an increase in interest in the US and Chinese markets. The auto industry has seen this need to improve familiarity in the past, with some advanced driver assist features such as ACC and even autonomous driving. Source: Ipsos.

Global 429
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Chinese language EV makers pin hopes on Europe’s auto sellers

Baua Electric

Tesla’s good fortune has proven that buyers are clear to outsiders, although it’s vague whether or not Chinese language manufacturers will be capable of fit the promoting draw of Elon Musk. However with its unrivaled keep an eye on of the battery provide chain, China is definitely located to make bigger its proportion.

Chinese 52
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GlobalData: Global automakers earmark nearly US$600B for EVs over next decade

Green Car Congress

Broadly, the investments announced focus on the development of production facilities, technology, EV batteries, new product and securing future raw material supply (primarily semiconductors and battery materials). Prior to this, Toyota had only a few BEV models manufactured with its Chinese partner GAC Group.

Global 370