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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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Hyundai breaks ground for third plant in China; total China capacity of up to 1M units by 2012

Green Car Congress

Hyundai Motor Company has begun construction of a third plant in China to respond to growing demand in the world’s largest automobile market. Beijing Hyundai Motor Company (BHMC), a 50-50 joint venture between Hyundai Motor and Beijing Automotive Industry Holding Co., Tags: Brief. 28 in Shunyi District, Beijing.

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GM Reaches Agreement with China-based Pacific Century Motors on the Sale of Nexteer Automotive

Green Car Congress

The company designs, engineers, manufactures and sells electric power steering, hydraulic power steering, steering columns and driveline halfshafts for more than 60 automobile manufacturers and tier one suppliers. The sale better enables Nexteer to take advantage of anticipated growth in the global auto industry with a variety of automakers.

GM 186
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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. China’s Capital Iron & Steel Co. Tags: Brief. Detroit Free Press. based in Beijing.

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VW Chief Executive Says Company Will Introduce EVs Based on the Up! New Small Family in 2013; Cautions Against Electro-Hype

Green Car Congress

Winterkorn made the remarks during a presentation at the 17 th Handelsblatt-Jahrestagung in Munich on 3 July, during which he outlined VW’s approach to future mobility in the current context of the economic crisis, pessimism about the industry and technology potential. A company such as Volkswagen must include all relevant technologies.”

2013 150
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China’s EV Subsidy

Revenge of the Electric Car

China is starting a program to subsidize buyers of battery-powered and plug-in hybrids. Journal article: China to Subsidize Electric Cars. The issue is particularly sensitive in China, where social tensions are running high over a widening gap between rich and poor.&#. China to Subsidize Electric Cars. Japan and Europe.

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When Will EVs Hit Primetime?

Revenge of the Electric Car

presence in the world’s two largest passenger car markets (China and the. Read more in the article: Can electric cars break out of niche status in US, China market? billion invested in 180 green-technology companies. billion invested in 180 green-technology companies. By Jaeah Lee for the Christian Science Monitor.

China 133