article thumbnail

BYD to Chinese Auto Industry: "Demolish the Old Legends" in the EV Race

The Truth About Cars

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. Build Your Dreams, or BYD, is likely one of the largest companies you’ve never heard of.

article thumbnail

Ford and Zotye forming JV in China for EVs; Ford’s third JV in the country

Green Car Congress

Ford Motor Company and Zotye have agreed to establish Zotye Ford Automobile Co., The agreement was signed in Beijing today by Peter Fleet, Ford group vice president and president, Ford Asia Pacific, and Ying Jianren, chairman of Tech-New Group Ltd. and board director of Zotye Auto. Earlier post.). Earlier post.).

China 150
article thumbnail

Ford doubles EV goal for 2023 and has a new semiconductor partner to help

Teslarati

Ford made several leaps forward in its push toward electric vehicles today. Ford CEO Jim Farley stated that the automaker has now doubled its electric vehicle production goals to 600,000 units by 2023. Ford also signed a non-binding contract with GlobalFoundries, a global leader in feature-rich semiconductor chip manufacturing.

Ford 140
article thumbnail

Ford secures nickel supplies with $4.5 billion investment

Teslarati

Ford has announced that it has partnered with two other entities to construct a nickel processing facility in Indonesia. Besides the massive retooling effort that has taken the auto industry by storm over the past two years, the search for raw materials for EV batteries has become a growing priority for automakers.

Ford 59
article thumbnail

GlobalData: Global automakers earmark nearly US$600B for EVs over next decade

Green Car Congress

However, there is no apparent correlation identified between the level of investment announced and expected contribution to growth as can be seen in the case of Ford, Stellantis and GM. Prior to this, Toyota had only a few BEV models manufactured with its Chinese partner GAC Group. —Bakar Sadik Agwan. —Bakar Sadik Agwan.

Global 370
article thumbnail

GM’s rosy year-end figures obscure the fact that legacy automakers are in deep trouble – Charged EVs

Baua Electric

Duplicitous doublespeak has become de rigueur dialect in the auto industry. “We We strongly believe in EVs,” say auto dealers as they support efforts to slow the EV transition. Hyundai/Kia and the Chinese certainly aren’t waiting. Tesla stans may see Big Auto’s failure as cause for celebration.

GM 52
article thumbnail

BYD: Autonomous Vehicles Are "Basically Impossible"

The Truth About Cars

BYD, China’s largest electric automaker, isn’t as gung-ho about autonomous vehicles as many other auto industry giants. Of course, automating jobs in Chinese factories isn’t as exciting as self-driving cars, but we’re a lot close to that reality than any sort of human-free taxis roaming freely.&

BYD 86