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Cheap talk: Volkswagen to bed Renault in race to build sub-$30k EV | reports

EV Central

Encouraging both to work together is the influx of cheap Chinese EVs that have flooded European markets eroding established European brand’s market share in all segments. An entry EV will also help prepare for the next wave of bargain-priced EVs that are already on sale in China.

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Chevy Bolt cheap? This Chinese knockoff is a third the price, readying for export

Electrek

As BYD expects to pass Tesla in Global EV sales this year by expanding its markets with significantly lower-priced vehicles, will we start seeing these hyper-cheap products outside of BYD’s home market of China? more… The post Chevy Bolt cheap?

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Huawei’s smart car tech offers automakers route to China sales – ET Auto

Baua Electric

Even Germany’s Volkswagen will equip its China-made, China-bound Audi Q6L e-tron with Qiankun upon the car’s 2025 launch, in Huawei’s first deal with a foreign automaker, two people with knowledge of the matter told Reuters. Beyond China, Huawei could again find itself impacted by trade restrictions as the U.S.

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Tesla maintains an Outperform rating by Wedbush as Q1 2024 ends

Teslarati

Economist says cheap Chinese EVs should be kept out of U.S. According to Harvard Business Review , EV sales in China made up 82% in 2022, accounting for almost 60% of electric vehicles purchased worldwide. Giga Shanghai has been instrumental in Tesla’s growth globally and in China.

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China’s EV market hits its stride with 1-in-3 sales being electrified

Teslarati

Chinese electric vehicle sales have hit 31 percent of the overall market, with 25 percent being pure EVs, a substantial growth year-over-year. According to a report by CleanTechnica , sales of electrified vehicles in May hit 31 percent of the overall market with 25 percent being fully electric vehicles.

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BYD Europe aims to beat Tesla & big EU automakers

Teslarati

BYD has no plans to enter the US Market amid “complications’ [Feature] BYD Europe’s goals come at a time when the EU is wary of cheap Chinese electric vehicles (EVs). Research from Transport & Environment stated that a quarter of all EV sales this year will be China-made cars.

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IDTechEx: Sales of electric motorcycles in Europe grew 50% y-o-y in 2020

Green Car Congress

IDTechEx expects electric motorcycle sales in Europe to have grown at least 50% year-on-year in 2020, building on the momentum of recent years. In contrast, low energy, cheap LFP packs sourced from China can be used for the low energy needs of electric scooters. 2020 is an IDTechEx estimate based on Q1 - Q3 2020 data.