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Big Auto is begging governments to let them go bankrupt as Chinese EVs loom

Baua Electric

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.

Chinese 52
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Hyundai seeks to restore market share in China with new EV brand

Teslarati

—a 50-50 joint venture between Hyundai Motor and BAIC—announced a new project to develop an electric vehicle brand exclusive to the Chinese market. The company’s latest plans seem to be part of its plan to launch five new EV models in China over the next three years. Tesla China accounted for 22.5%

Hyundai 93
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China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

Green Car Congress

2012 Chinese Auto Industry Development Report. The fifth annual report on China’s auto industry—2012 Chinese Auto Industry Development Report—says that the next 20-30 years will be a “critical period” that will see the formation of a global new-energy vehicle industry.

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European battery maker ACC partners with Circulor to map supply chain, carbon emissions – ET Auto

Baua Electric

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 is also part of the battery passport project. ACC is a joint venture between Stellantis, TotalEnergies and Mercedes-Benz Group.

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China gives first approvals for public trials of advanced autonomous driving – ET Auto

Baua Electric

China has granted approval to a first group of nine automakers to carry out tests on vehicles with advanced autonomous driving technologies on public roads, as part of a plan to accelerate adoption of self-driving cars. Fleet operators such as ride-hailing companies will also be involved in the tests.

China 52
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China, Two Chinese Firms to Buy Delphis Brakes and Suspension Businesses

Green Car Congress

Two Chinese companies and the Chinese government have signed a deal to acquire Delphi Corp.’s s remaining brakes and suspension businesses—the most high-profile acquisition yet by the Chinese in the US auto industry. The Chinese will pay $100 million in cash for the Delphi businesses.

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Li Auto rolls out price protection policy amid China auto price war

CN EV Post

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.

Auto 64