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

Teslarati

China is the world’s largest automotive market, and understandably so, an important one for electric vehicle (EV) makers like Tesla. auto sector,” the organization writes. . “So, I think they will have significant success outside of China depending on what kind of tariffs or trade barriers are established.”

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ICCT report finds US domestic EV production and investment continues to fall; only 5% of global EV investment to go to US EV assembly plants

Green Car Congress

The United States is the third-largest electric vehicle (EV) producer behind China and Europe; a new study from the International Council on Clean Transportation (ICCT) finds that the gap has widened. million and China grew from about 1 million to more than 1.25 million over the same period. Source: The ICCT. —Nic Lutsey.

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GM China begins prototype battery cell fabrication

Green Car Congress

GM China Advanced Technical Center’s Cell Fabrication Lab in Shanghai recently produced its first batch of battery cells. The GM China Advanced Technical Center recently produced its first batch of battery cells using advanced fabrication methods, an important milestone in the establishment of its battery material assessment capability.

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GM’s China JVs investing $12B between 2014-2017 to expand; GM outlines China market trends

Green Car Congress

In conjunction with the start of Auto China 2014 in Beijing, GM China President Matt Tsien announced that GM’s China joint ventures will make capital expenditures of about $12 billion between 2014 and 2017. China has been GM’s largest market since 2010, last year accounting for about one-third of its global sales.

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GM Reaches Agreement with China-based Pacific Century Motors on the Sale of Nexteer Automotive

Green Car Congress

General Motors and Pacific Century Motors (PCM), an entity formed by The Tempo Group and E-Town, an affiliate of the Beijing Municipal Government, have reached an agreement for GM to sell GM Global Steering Holdings, LLC, commonly known as Nexteer, to PCM. Terms of the sale were not disclosed.

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Honda to step up its game with new electric motorcycles and EVs

Teslarati

With the popularity of electric vehicles continuously rising, legacy automakers like Honda are reevaluating their place in the general auto industry. Honda’s Electric Vehicle Lineup The Japanese automaker seems certain about the future of the global auto industry and appears ready to act on its beliefs.

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Tesla bucked the industry with its Q1 results — now TSLA is seeing momentum

Teslarati

Tesla ( NASDAQ:TSLA ) essentially bucked the auto industry in the first quarter of 2022. Supply chain issues similar to those faced by Tesla also plagued the greater auto sector, and it showed in their numbers. General Motors noted that its sales were down 20% for the quarter, while Toyota’s sales fell by 15%.