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

Teslarati

Although competitive Chinese automaker BYD isn’t yet slated to enter the U.S. BYD launched its Seagull, a small hatchback EV with a price tag starting at 69,800 yuan (~$9,773), at the Shanghai Auto Show last year. auto market anytime soon , some U.S. auto sector,” the organization writes. BYD last year sold 1.57

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China issues draft guidelines to rein in lithium battery industry – ET Auto

Baua Electric

China is the world’s largest lithium battery market, accounting for some 57% of global demand in 2022, according to the Economist Intelligence Unit. Lithium-ion batteries are a form of rechargeable energy storage used in everything from electric cars to scooters, laptops and motorised wheelchairs.

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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. billion in Leapmotor , acquiring 20% of the Chinese company and becoming a significant shareholder.

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CATL launches “condensed battery” with an energy density of up to 500 Wh/kg for aircraft; automotive version this year

Green Car Congress

At Auto Shanghai, Chinese battery giant CATL launched what it calls a “condensed battery”—a type of semi-solid state cell with an energy density of up to 500 Wh/kg. CATL also says it can achieve mass production of condensed battery in a short period of time.

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India at risk of becoming dumping ground for Chinese products amid US tariff hike – ET Auto

Baua Electric

It also said that higher duties on Chinese face masks, syringes and needles, medical gloves and natural graphite presents an export opportunity for India. The raising of tariff on EVs , batteries and many other new technology items by the US may push China to dump these products in other markers including India.

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EV maker Tesla breaks ground on Megapack energy storage battery factory in Shanghai – ET Auto

Baua Electric

Electric vehicle maker Tesla has begun construction of a factory in Shanghai to make its Megapack energy storage batteries, Chinese state media reported Thursday. The USD 200 million plant in Shanghai’s Lingang pilot free trade zone will be the first Tesla battery plant outside the United States. It is the No.

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Panasonic’s battery unit misses annual profit estimate – ET Auto

Baua Electric

Chinese battery makers grew faster than rivals to account for more than two-thirds of global EV battery capacity last year, according to data from consultancy Counterpoint Research. Operating income for the key segment, which makes batteries for Tesla and other automakers, totalled 88.8 billion yen (USD 570.18

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