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NIO planning on releasing affordable electric car for European market: report

Teslarati

Chinese electric vehicle manufacturer NIO appears to be preparing to capture some market share from mainstream automakers like Volkswagen. During the Shanghai Auto Show earlier this month, Li cautioned fellow Chinese electric vehicle manufacturers. NIO is steadily becoming a more experienced automaker.

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After chiding Ford for US CATL battery plan, GM may be seeking its own

Baua Electric

In September, GM CEO Mary Barra told The Wall Street Journal that Ford’s partnership with CATL “could be the harbinger of Chinese domination of U.S. ” 2024 GMC Sierra EV Denali Edition 1 Ford announced its joint-venture battery plant with CATL in February of last year, touting it a key to EV affordability.

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Stellantis Investors Fume Over CEO Pay Amid Job Cuts, Plant Closures, Supplier Strife

The Truth About Cars

Lower overhead in terms of production costs are supposed to help them endure the onslaught of cheaper Chinese EVs that are assumed to flood the market as European governments effectively mandate electric vehicles. Legal challenges have also been raised on behalf of the manufacturer.

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Proposed Changes to Federal EV Tax Credit – Part 4: Chinese-Assembled Vehicles Will Not Be Eligible for Tax Credit

EV Adoption

Whether or not Chinese OEMs employ unionized factory workers (none of the existing foreign automakers with US factories employ union workers today), to reduce or eliminate trade tariffs, political issues, and the loss of tax credits — these automakers may almost be forced to build their vehicles in US factories.

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Tesla China sales rise 30% in May, definitively debunks reports of weak demand

Teslarati

The data was released recently by the Chinese Passenger Car Association (CPCA). Fortunately, Tesla China’s legal department has taken an assertive stance against the misinformation, resulting in several media outlets and social media influencers openly admitting to fabricating negative reports about the EV maker. .

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Tesla China’s rumored May sales slump debunked by CPCA Secretary General

Teslarati

Tesla’s rumored sales slump in China doesn’t seem to be a worry of Cui Dongshu, the Secretary General of the Chinese Passenger Car Association. However, Cui told Chinese media outlet the Global Times that he doesn’t necessarily believe that sales will be that low. Tesla stock plummeted after the reports.

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Investigation Faults Ford Battery Supply Over National Security Issues

The Truth About Cars

Mike Gallagher (R-WI) and Cathy McMorris Rodgers (R-WA) accused the automaker of having plans that required contracting technology and software firms with close ties to both the Chinese and North Korean governments.& But it’s requiring additional integration with a company boasting ties to both the Chinese government and its military.

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