Remove Auto Industry Remove Batteries Remove BYD Remove Purchase
article thumbnail

Nissan and Honda confirm new EV partnership as they look to play catch up with Tesla, BYD

Baua Electric

Nissan and Honda are forming a new EV partnership after falling behind leaders like Tesla and China’s BYD. Sources at Nissan told Nikkei the automaker was looking to team up with Honda to discuss joint battery and EV development. 2024 Honda Prologue (Source: Honda) After dominating its home market, BYD is expanding overseas.

Honda 52
article thumbnail

Hyundai will ‘take the bull by the horns’ with a new EV brand in the world’s biggest market

Baua Electric

Late last year, Hyundai sold its plant in Chongqing for $225 million, less than half of what it purchased it for. Hyundai is throwing its all into the new EV project to take on market leaders like Tesla and BYD. According to sources, it’s expected to be equipped with LFP batteries to drive down prices. of the market.

Hyundai 52
article thumbnail

Europe’s biggest EV market is about to hit a perfect storm of problems

Baua Electric

Germany’s VDA, an interest group for the country’s automobile industry, says that battery-powered vehicles are likely to see a decline from 524,000 units last year – more than any other European market – to 451,000 units this year. FTC: We use income earning auto affiliate links. million this year.

Market 52
article thumbnail

China’s EV Subsidy

Revenge of the Electric Car

China is starting a program to subsidize buyers of battery-powered and plug-in hybrids. Government Aims to Create Strong Domestic Industry but Generous Rebates Risk a Backlash as Rich-Poor Divide Grows. All-electric e6 vehicles made by BYD charge up in Shenzhen, where the cars are used as taxis. Read more in the Wall St.

E6 124
article thumbnail

When Will EVs Hit Primetime?

Revenge of the Electric Car

In China, leading automakers BYD and Chery have announced plans to roll out their own electric models within the next two years. Similarly, in China, the sheer size of the auto industry and the country’s ambitious clean-energy goals suggest a potentially huge market for electric cars. Investors, too, are excited.

China 133
article thumbnail

XPeng P7i officially launched in China with starting price higher than Tesla Model 3

CN EV Post

After that, a number of other NEV makers also started to reduce prices or offer purchase discounts. BYD also announced yesterday that consumers who order the BYD Song Plus lineup from March 10 to March 31 will receive an RMB 6,800 discount, or RMB 8,800 for the Seal. integrated thermal management system X-HP 2.0

Price 99
article thumbnail

China puts its electric vehicles on center stage - China automotive news

Tony Karrer Delicious EVdriven

Alternative-fuel cars were some of the hottest items on display at the Shanghai auto show from homegrown companies like Geely Automobile Holdings Ltd., The battery-powered cars that Chinese companies are showing are intended to be much less expensive than those planned by big foreign companies. Gasgoo.com | ?? | Great Wall Motor Co.,

China 28