Teslarati

NOVEMBER 23, 2023

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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CN EV Post

JANUARY 4, 2023

Lack of consumer confidence and the Chinese New Year holiday will send China's auto sales down in January, an industry association said. The post Chinese consumers' demand for cars set to fall in Jan, industry body says appeared first on CnEVPost. For more articles, please visit CnEVPost.

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Green Car Congress

FEBRUARY 25, 2021

Volvo Cars and Geely Auto have agreed on a wide-ranging collaboration that will maximize the strengths of the Swedish and Chinese automotive groups, delivering synergies in powertrains, sharing of electric vehicle architecture, joint procurement, autonomous drive technologies and aftersales.

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Baua Electric

APRIL 27, 2024

Renault held talks this week with China’s Li Auto and Xiaomi on electric and intelligent vehicle technologies , the French carmaker said on Friday, opening the door to potential collaboration on technology with the two companies. China disputes the claim and has accused Europe of protectionism.

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Baua Electric

APRIL 7, 2024

Commerce Secretary Gina Raimondo told a news conference that China was producing some 60% of legacy chips, found in cars, household appliances and medical devices, and would continue to do so in the coming years. And so that’s why we’re focused on it,” she said.

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Baua Electric

APRIL 25, 2024

Car parts makers face slowing auto production, leaving suppliers with excess capacity, and are striving to reduce costs, including laying off workers, as Chinese EV makers expand in Europe. It reported quarterly sales of 5.43 billion euros (USD 5.82 billion) in comparison to 5.48 billion in the year-earlier period.

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Baua Electric

MARCH 23, 2024

The auto industry is electrifying, and all new cars will be electric in the relatively near future. BMW, VW and Renault asked European regulators to push back the 2035 gas car phase-out , despite that this timeline has already been loosened. It is necessary that we stop burning fossil fuels, and fast. Namely: China.

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Baua Electric

APRIL 26, 2024

It’s taken Huawei just four years to become a force in smart car technology , navigating the devastation of trade sanctions on its smartphones business while simultaneously developing a driver assistance system that is the darling of the Beijing auto show. Audi said it does not comment on suppliers.

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CN EV Post

MARCH 22, 2023

(Image credit: CnEVPost) The price war is one of the most talked-about topics in China's auto industry this month, creating operational challenges for many car companies. Now, an industry association is calling for a return to rationality for all parties to bring order to the market.

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Baua Electric

APRIL 19, 2024

billion euros worth of new orders in the quarter, more than half of which came from Asia on the back of new deals with Chinese automakers. European automotive supplier Forvia reported higher organic sales for the first-quarter on Thursday driven by strong North America, and said new awards from Chinese carmakers had boosted quarterly orders.

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Baua Electric

JANUARY 17, 2024

Governments in North America and Europe are seriously concerned about China’s growing dominance of the EV industry. Chinese automaker BYD recently surpassed Tesla as the world’s leading seller of EVs, and it’s only one of several Chinese-owned brands that are already selling cars in the US and the EU.

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Baua Electric

APRIL 30, 2023

Prices for industrial materials such as ferrous and nonferrous metals are plummeting, with steel marking a five-year low as concerns grow about a slowing Chinese economy and a resulting supply glut, reported Nikkei Asia. The increase in inexpensive Chinese steel could hurt steelmakers in other countries. per cent on the year.

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The Truth About Cars

JANUARY 17, 2024

Huawei has announced it will continue becoming intertwined with the automotive sector after signing onto a joint venture with Chinese state-owned carmaker Changan Automobile. The telecom firm previously said that the plan would be to “integrate the core technologies and resources of [Huawei’s] smart car solutions into the new company.”

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Teslarati

MARCH 22, 2024

Renault CEO Luca de Meo released a 19-page open letter to Europe describing an auto European plan to protect against the ‘onslaught of electric vehicles (EV)’ coming from China.” He pointed out that electric vehicles and plug-in hybrids account for 14% of global car sales, led by Asian automakers. Buoyed by its huge domestic market (8.5

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Baua Electric

SEPTEMBER 17, 2023

Tesla’s good fortune Now, the {industry}’s paradigm shift to EVs is developing unheard of alternative for newbies. 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.

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Baua Electric

APRIL 23, 2024

European automakers face a trifecta of challenges: soft demand due to higher borrowing costs that discourage car purchases, fierce competition from Chinese rivals, and higher input costs squeezing their margins.

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Baua Electric

APRIL 25, 2024

But other Chinese automakers, including state-run companies that were later entrants to the EV race, have closed the gap on sub-USD 10,000 EVs at the Beijing auto show that began Thursday. Last year, BYD shocked the automotive industry with the release of its Seagull EV, now priced under USD 10,000, at the Shanghai auto show.

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Green Car Congress

FEBRUARY 4, 2022

TTTech Auto, a Vienna-based technology leader in automotive safety software, raised US$285 million (€250 million) from Aptiv PLC and Audi in its latest funding round. With this latest funding round and a valuation of more than US$1 billion, TTTech Auto confirms its strong position amid a growing number of auto tech unicorns.

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Baua Electric

APRIL 24, 2024

Huawei said in November that the unit would be spun off into a new company which will receive the unit’s core technologies and resources and take investment from partners such as automaker Changan Auto.

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Baua Electric

APRIL 28, 2024

This came close on the heels of Tesla introducing fresh incentives in the world’s largest auto market to attract consumers. Tesla’s cars made in China passed key data security and privacy requirement in China, handing Musk a major win who visited Beijing to seek approval to introduce driver-assistance software. Tesla Inc.’s

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Teslarati

JULY 6, 2023

Tesla and 16 Chinese automakers signed a truce ending the EV price war. Executives from Tesla and 16 China-based automakers participated in a signing ceremony at the China Auto Forum in Shanghai held on July 6, 2023. China’s top car makers took part in the event, including BYD, Geely, and Xpeng Inc.

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Baua Electric

APRIL 28, 2024

Tao said Tesla was leading autonomous driving research and development with its “end-to-end neural network” technology and data collected from millions of cars on the road. Tesla reached an accord with Chinese authorities for a plant in Shanghai, its first outside the United States, in 2018.

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Teslarati

MARCH 4, 2024

Data from the China Passenger Car Association (CPCA) has revealed that Tesla China’s sales of Giga Shanghai-made vehicles declined in February 2024. The decrease came amidst the Chinese New Year holiday, which appears to have impacted China’s general automotive sector last month. Domestic sales were 36.5k

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Baua Electric

APRIL 24, 2024

Chinese electric vehicle (EV) maker XPeng on Thursday said its software and artificial intelligence training upgrades will enter a “super fast cycle” from May, and that it hopes use of its platform will expand to other Asian countries and Europe. In February, XPeng said it plans to hire 4,000 people this year and invest 3.5

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Baua Electric

JANUARY 31, 2024

Volkswagen operates a plant in Xinjiang as part of a joint venture with Chinese state-owned carmaker SAIC Motor. The Chinese Foreign Ministry did not immediately answer questions about the report sent by fax by The Associated Press. The companies listed in the new report also include Chinese electrical vehicle giant BYD.

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Baua Electric

MARCH 6, 2024

Possible “remedies” on the table include retroactive tariffs on Chinese EVs. Back in October 2023, Europe launched its formal investigation into the Chinese EV industry, as European companies are struggling to compete with the cheap, high-tech Chinese imports, made by low-cost labor, entering the European Union.

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CN EV Post

MARCH 16, 2023

billion in subsidies for car purchases. (A A Volkswagen joint venture in China has started offering official discounts as the price war in the Chinese auto industry continues. billion in subsidies for car purchases, according to a poster on its website. percent from a year earlier, with a 5.3

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Baua Electric

APRIL 25, 2024

The separate announcements from two of Japan’s biggest automakers at the Beijing auto show also underscored the attempt by Japanese manufacturers to come to grips with the massive technological shifts that have disrupted their once enviable positions in the Chinese market. It saw its sales in China fall 1.7%

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CN EV Post

MARCH 12, 2023

The recent price war in China's auto market has put a new emission standard that will come into effect in a few months' time in the spotlight. CnEVPost obtained the views of several local analysts, which provide references on what impact that new emission standard will have on the auto industry.

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Baua Electric

MARCH 14, 2024

MG Motors, a unit of Chinese automaker SAIC, will open a second European parts centre by the summer of 2024 in France to meet the country’s growing demand for its vehicles, a spokesperson told Reuters on Thursday. SAIC is currently evaluating whether to build a factory in Europe.

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CN EV Post

MARCH 9, 2023

A rare price stampede is taking place in the Chinese auto market. Image from BMW China Weibo) As a large number of car companies in China are offering huge subsidies or price cuts, BMW is offering more than 100,000 yuan ($14,360) off its all-electric model, the i3, according to local media.

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CN EV Post

MARCH 13, 2023

The price war in China's auto industry has intensified the wait-and-see mood among car buyers, and Li Auto 's move helps to allay potential consumers' concerns to some extent. For consumers who purchase these models, if the prices drop within 90 days of their order, then Li Auto will refund the difference.

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Baua Electric

APRIL 4, 2024

The Moroccan government is in talks to attract more electric battery manufacturers as it seeks to adapt its growing automotive sector to an increasing demand for electric vehicles, industry and trade minister Ryad Mezzour said. The automotive sector tops Morocco’s industrial exports at USD 14 billion in 2023, up 27%.

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Baua Electric

MARCH 2, 2024

I’m not sure if you could really call it a legit SUV, but these fun-looking little Chinese electric vehicles might just be an interesting alternative to the car bloat clogging the streets of cities around the world. FTC: We use income earning auto affiliate links. But safety isn’t your only problem.

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Baua Electric

JANUARY 17, 2024

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. Circulor CEO Douglas Johnson-Poensgen said the company was currently talking to companies up and down the EV battery cell supply chain.

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Baua Electric

APRIL 28, 2024

Baidu , China’s major internet search company, reached an agreement with Tesla to grant the car company access to its mapping license for data collection on China’s public roads, two people familiar with the matter said. Foreign firms need to partner with domestic companies that have obtained the license.

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CN EV Post

APRIL 1, 2023

platform at the Shanghai auto show, with the all-new ES6 making its debut. NIO (NYSE: NIO) will have the facelift of its previously popular ES6 SUV unveiled at the Shanghai auto show later this month, marking the first time the company has unveiled a new model at an auto show. For more articles, please visit CnEVPost.

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