The Truth About Cars

AUGUST 14, 2023

Build Your Dreams, or BYD, is likely one of the largest companies you’ve never heard of. The Chinese giant is one of the world’s busiest EV automakers, with almost 1.9 Though enormous, BYD isn’t satisfied with dominating its home market and wants the rest of the Chinese electric auto industry to come with it.

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Baua Electric

APRIL 27, 2024

Renault already partners with China’s Geely in thermal and hybrid powertrains, and collaborates with tech companies Google and Qualcomm in smart cockpits. Among them, it is investigating whether the rise in sales of Chinese EVs on the continent is due to unfair subsidies.

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Baua Electric

MAY 9, 2024

South Korea on Wednesday welcomed a US decision to extend automakers’ eligibility for electric vehicle tax credits for cars containing Chinese graphite through 2026. The new rules now let car buyers get up to USD 7,500 in tax credits for electric vehicles (EV) containing Chinese graphite through 2026. trillion won (USD 7.11

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Electric Cars Report

APRIL 25, 2024

The Audi Q6 e-tron series are the first production models on the Premium Platform Electric (PPE), marking the next step in the company’s transformation into a provider of premium electric mobility. The […] The post Long Wheelbase Audi Q6L e-tron for Chinese Market Revealed appeared first on Electric Cars Report.

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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. And yet, the auto industry – which is responsible for more pollution than any other sector, at least in rich countries – still lobbies to worsen emissions reduction targets, even when those targets were already pushed back to begin with.

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Baua Electric

MAY 16, 2023

billion) in unutilized Chinese language investments within the automobile sector, additional boosting the central Ecu public as a regional heart within the transition to electrical mobility, International Minister Peter Szijjarto mentioned. Closing age, Chinese language battery maker Eve Energy introduced a $1.2

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Electrek

SEPTEMBER 27, 2023

BYD, or “ Build Your Dreams ,” is unlike many auto manufacturers, which is part of the reason behind its success. As the EV maker expands overseas, BYD America CEO Stella Li believes the company has an advantage. more… The post BYD America boss explains Chinese EV makers edge as it expands overseas appeared first on Electrek.

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Baua Electric

APRIL 27, 2024

The South Korean companies will seek to find new business models harnessing artificial intelligence technologies with the Chinese counterpart as well. Hyundai and Kia will also utilise Baidu’s smart cloud computing technology to address Beijing’s enhancing data regulations, reports Yonhap news agency.

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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. The company did not disclose how many employees were affected by the layoffs or which countries it is shifting roles to.

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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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Electric Cars Report

APRIL 25, 2024

Changan Mazda Automobile, a Chinese company receiving investment from Mazda, unveiled the all-new electrified vehicle, MAZDA EZ-6, and the MAZDA ARATA, the design concept model of electrified vehicle, at the Auto China 2024.

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Baua Electric

JANUARY 31, 2024

Tesla is expanding its battery facility in Sparks, Nevada to bring the supply chain for cheaper lithium iron phosphate batteries (LFP) to the United States, Bloomberg News reported on Wednesday. Tesla, Nevada Economic Development Bureau and CATL did not immediately respond to Reuters requests for comment.

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Baua Electric

MAY 9, 2024

Chinese battery makers grew faster than rivals to account for more than two-thirds of global EV battery capacity last year, according to data from consultancy Counterpoint Research. It has a plant in Nevada and has broken ground on a second one in Kansas, which would take its auto battery capacity to 80 gigawatt hours (GWh) a year.

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Baua Electric

MAY 6, 2024

The relocation means a new career for 49-year-old Karaca, one of a rising number of workers in companies supplying Germany’s vital automotive sector who are being hit by a tsunami of redundancies. A local heating systems company, Stiebel Eltron , has proposed to take over the site and retain some employees for future production.

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Baua Electric

APRIL 29, 2024

Musk had said this month that Tesla may make FSD available in China “very soon” Tesla CEO Elon Musk made progress towards rolling out the automaker’s advanced driver-assistance package in China on a whirlwind weekend trip to Beijing, sending the company’s shares up by almost 18% on Monday.

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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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Teslarati

SEPTEMBER 20, 2021

Shares of several electric automaker stocks, including Tesla ( NASDAQ: TSLA ) and Xpeng ( NYSE: XPEV ), pulled back on Monday morning based on some concerns related to the Chinese economy. Chinese property developer Evergrande is threatening to default on $300 billion in debts, which could affect the global economy.

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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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Teslarati

MAY 15, 2024

Baidu’s General Manager for the autonomous driving department, Xu Baoqiang, told Shanghai Securities News that the auto company would consider potential collaboration opportunities with Tesla. In early May 2024, the local Chinese government supported Tesla FSD. Baidu might use specific Tesla applications in China.

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Baua Electric

MAY 2, 2024

However, as usual, the Chinese are on the case. The company said Greenwater 01’s inaugural voyage with “zero emissions, pollution and noise has set a new benchmark for transforming the shipping industry towards the goals of low carbon and environmentally friendliness.”

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The Truth About Cars

SEPTEMBER 7, 2023

China is the world’s largest auto market, with nearly 30 million cars sold there last year, and automakers of all stripes are eager to grab a piece of the action, especially with electric vehicles. It has developed a new smartphone that it plans to sell with its debut SUV in the country, the Polestar 4.&

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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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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

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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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

MAY 9, 2024

The ministry also called on companies to obey national workplace safety laws and comply with existing product standards. Existing factories in protected areas should be shut down or “strictly control their scale and gradually move away”, according to the document.

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Baua Electric

APRIL 29, 2024

Chinese state media reported that he met Premier Li Qiang in Beijing but did not say what they discussed. automaker won a key endorsement that coincided with his trip – from a top Chinese auto association which said Tesla’s Model 3 and Y cars were among models found to be compliant with China’s data security requirements.

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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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Baua Electric

MAY 9, 2024

New Delhi: It is no secret that Chinese component makers are aggressively scouting global markets for increasing their already tight grip on the nascent battery electric vehicle (BEV) industry. What do Indian suppliers with global ambitions in the BEV segment do to thwart this aggressive posturing by the Chinese?

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Baua Electric

FEBRUARY 1, 2024

Some Chinese automakers have had to delay deliveries of flagship models due to production issues with a computing unit made by tech giant Huawei , five people with knowledge of the matter said. Changan Auto has said it plans to own up to 40% of the new company. 1, according to the company. He did not name Huawei.

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Teslarati

NOVEMBER 23, 2023

Stellantis recently repurchased €934 million in shares from Chinese auto company Dongfeng as per a pre-existing share repurchase framework. Stellantis and CATL sign LFP battery supply agreement Besides its relationship with Dongfeng, Stellantis has formed partnerships and invested in other Chinese companies.

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Electrek

FEBRUARY 6, 2024

A Chinese auto blogger on Weibo has posted spy images of what could very well be our first public look at XPeng’s new EV sedan, codenamed “F57,” and rumored to officially debut as the P8…. Camo’d images show a slim but roomy sedan with a unique rear that reportedly has LiDAR but perhaps won’t for now. Check it out below.

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Green Car Reports

DECEMBER 4, 2019

Tesla experience might come in handy for a company aiming to disrupt the electric-car sector. We take a walk through some highlights among the many EVs seen at a major Chinese auto show. It’s a wrap—this time at the Guangzhou Auto Show, which we explored last. And renters need to charge, too.

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Baua Electric

JANUARY 9, 2024

In related CES announcements, Nvidia said it is working with advertising giant WPP, Lotus and six other companies to develop more advanced online shopping tools. Nvidia said four Chinese electric vehicle brands will use its technology as the brains for automated driving systems, underscoring the U.S.

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Baua Electric

FEBRUARY 8, 2024

Chinese EV maker Geely is launching a 4WD version of its Radard RD6 electric truck that will rival the Cybertruck. Chinese electric truck to compete with Tesla’s Cybertruck Geely, the parent company behind Volvo, Polestar, ZEEKR, and others, launched its Radar brand in 2022. FTC: We use income earning auto affiliate links.

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Baua Electric

APRIL 28, 2024

Bilal Karimi pledged to spare no effort in attracting Chinese investors. Chinese companies have expressed a keen interest in exerting influence through economic and mining investments , spanning sectors such as oil, copper, and even lithium, reported Khaama Press.

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Baua Electric

APRIL 28, 2024

Chinese state media reported that he met Premier Li Qiang in Beijing, during which Li told Musk that Tesla’s development in China could be regarded as a successful example of U.S. Tesla reached an accord with Chinese authorities for a plant in Shanghai, its first outside the United States, in 2018.

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