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The $10,000 BYD Seagull EV is scaring the U.S. auto industry

Teslarati

China is the world’s largest automotive market, and understandably so, an important one for electric vehicle (EV) makers like Tesla. Although competitive Chinese automaker BYD isn’t yet slated to enter the U.S. auto market anytime soon , some U.S. auto sector,” the organization writes.

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CAAM calls for return to normal order in China's auto industry as price war disrupts sector

CN EV Post

(Image credit: CnEVPost) The price war is one of the most talked-about topics in China's auto industry this month, creating operational challenges for many car companies. Now, an industry association is calling for a return to rationality for all parties to bring order to the market.

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Volvo enters autonomous driving market via company acquisition

Teslarati

While many automakers now view autonomous driving products as the auto industry’s future, recent history has shown that it can be a highly volatile market. It is unclear if Volvo’s investment will result in the technology being shared with its primary shareholder, Chinese automaker Geely Motors.

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

Green Car Congress

Therefore, automakers are committing operational investments of nearly US$600 billion to secure their position in the future automotive market, according to GlobalData, a leading data and analytics company. Prior to this, Toyota had only a few BEV models manufactured with its Chinese partner GAC Group. billion investment through 2030.

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Renault CEO calls for Auto European plan to protect against ‘onslaught of EVs from China’

Teslarati

Meo stated that the center of the global automotive market has gravitated toward Asia. Buoyed by its huge domestic market (8.5 million electric vehicles sold in 2023, according to the Chinese Passenger Car Association, or 60% of the global total), it already had [a] market share of close to 4% in Europe in 2022.

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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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Volkswagen faces mounting pressure from Tesla and BYD

Teslarati

Volkswagen faces mounting pressure to keep up with Tesla and Chinese automakers in the transition to battery-electric vehicles (BEVs), and its success in doing so could have major implications. The auto industry is faced with the question of whether and how we will be a global leader in the future,” Baerbock said at the event. “The

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