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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. market, the company’s recent release of a city EV with a price tag under $10,000 has some worried for when it and other low-cost companies do. BYD last year sold 1.57

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Stellantis strengthens ties with China’s auto industry

Teslarati

Stellantis appears to be strengthening its ties in China’s automotive industry. Stellantis recently repurchased €934 million in shares from Chinese auto company Dongfeng as per a pre-existing share repurchase framework. Dongfeng Motors Corporation Ltd. Stellantis invested €1.5

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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. A month ago, Ford was forced to divest from its autonomous vehicle company after struggling with profitability. Zenseact is now a 100% subsidiary of Volvo Cars.

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

Teslarati

Hyundai seeks to restore its market share in China with a new electric vehicle (EV) brand. 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. Hyundai isn’t the only foreign car company strengthening its presence in China, either.

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Factorial Energy testing results for 40Ah solid-state battery: 97.3% capacity retention after 675 cycles

Green Car Congress

In April, Factorial Energy, a start-up solid-state battery technology company, emerged from stealth mode with a 40Ah solid-state battery cell for electric vehicles (EVs) and other applications. Now, Factorial Energy announced that the company’s initial round of testing of the 40 Ah cell cycle behavior at 25 ?C Earlier post.).

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Hyundai Motor Group bolsters partnership with Rimac on high-performance EVs and fuel cell prototypes across brands

Green Car Congress

Hyundai Group joined its partner Rimac Automobili in an event hosted by Rimac CEO Mate Rimac and attended by Croatian Prime Minister, ministers, and senior government officials to discuss the potential of the new auto industry in Croatia. Today, countries are competing in the open market, just as companies are.

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JSW Group wants to disrupt auto industry, to create ‘Maruti movement’ with new energy vehicles – Sajjan Jindal | Autocar Professional

Baua Electric

Like 40 years ago, 1984, when Maruti came into India, it changed the auto industry. It brought in very efficient cars, very lightweight cars, and the Ambassadors and the Fiats went into oblivion and Maruti brought in state-of-the-art new cars and today they are the 50% market leader. They control market share.