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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 million units manufactured in 2022. 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.

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

Teslarati

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. In 2023, around 35% of electric vehicles exported worldwide were Chinese. “As Buoyed by its huge domestic market (8.5

China 117
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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. million units. Tesla China accounted for 22.5%

Hyundai 121
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Another Tesla price cut possible thanks to plummeting lithium prices

Teslarati

Several factors have likely helped push Chinese lithium to its meager price. Foremost, the Chinese government recently ended incentives for electric vehicles, which has slightly slowed their adoption in recent weeks. If you have news tips, email us at tips@teslarati.com ! But how could this affect Tesla pricing?

Price 145
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Mercedes will take on Tesla’s FSD in China

Teslarati

Mercedes made waves in the auto industry earlier this year when it became the first automaker certified to operate level 3 autonomous driving vehicles in the United States, with the first State being Nevada. If you have news tips, email us at tips@teslarati.com ! it likely has a lot of growing to do.

Mercedes 106
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Tesla is redefining the “Made in China” moniker with Giga Shanghai: report

Teslarati

The narrative surrounding Tesla appears to have shifted for the better in China, with Xinhua News Agency , the official state-run press agency of the People’s Republic of China, recently posting a glowing analysis of the EV maker’s effect on the country’s auto sector.

China 143
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Toyota to receive $853 million subsidy to expand local battery production

Teslarati

The Japanese government seems aware of the shift in the auto industry toward electric vehicles and the role battery cells will play in the future. Meanwhile, Chinese suppliers command a big chunk of the pie thanks to big names like CATL.

Toyota 109