Teslarati

DECEMBER 8, 2022

Tesla Giga Shanghai posted record delivery numbers during an overall weak month for auto sales in China, revealing its strong hold in the local market. . Tesla China set a new record in November 2022, selling 100,291 Giga Shanghai-produced vehicles during the month. China Auto Market Status. Retail sales decreased by 10.5%

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Teslarati

APRIL 17, 2024

Stellantis-Leapmotor C16 SUV details were leaked after the companies filed for a sales license with China’s Ministry of Industry and Information Technology (MIIT). Stellantis and Leapmotor’s new SUV will have six seats and likely compete with the Aito M7. billion in Leapmotor, acquiring 20% of the Chinese car maker.

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Baua Electric

MAY 3, 2024

New rules took effect on Jan. 1 restricting Chinese content in batteries eligible for EV tax credits of up to USD 7,500, which sharply cut the number of eligible vehicles. ” The 2022 law allowed qualifying EV buyers to use tax credits as a point of sale rebate from the start of this year. “That makes no sense.”

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Teslarati

MARCH 4, 2024

Data from the China Passenger Car Association (CPCA) has revealed that Tesla China’s sales of Giga Shanghai-made vehicles declined in February 2024. The decrease came amidst the Chinese New Year holiday, which appears to have impacted China’s general automotive sector last month. Domestic sales were 36.5k

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Baua Electric

MARCH 23, 2024

The auto industry is electrifying, and all new cars will be electric in the relatively near future. And yet, the auto industry – which is responsible for more pollution than any other sector, at least in rich countries – still lobbies to worsen emissions reduction targets, even when those targets were already pushed back to begin with.

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Baua Electric

APRIL 27, 2024

Renault held talks this week with China’s Li Auto and Xiaomi on electric and intelligent vehicle technologies , the French carmaker said on Friday, opening the door to potential collaboration on technology with the two companies. China disputes the claim and has accused Europe of protectionism.

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Teslarati

SEPTEMBER 8, 2023

After passenger vehicle sales dropped in June and July, the Chinese auto market recovered in August with a return to growth. Passenger auto sales in China increased 2.2 In July, overall auto sales in China slid 2.6 Credit: Reuters Overall auto sales in China increased 8.5

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Electrek

AUGUST 18, 2022

Chinese automaker Geely Auto released strong first-half 2022 results today, showing a massive surge in EV sales. The automaker continues growing its electric segment, with pure electric vehicle sales surging 520% from 2021.

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Baua Electric

SEPTEMBER 17, 2023

Tesla’s good fortune has proven that buyers are clear to outsiders, although it’s vague whether or not Chinese language manufacturers will be capable of fit the promoting draw of Elon Musk. The quantity is anticipated to just about halve through 2030, as carmakers go increasingly more towards on-line gross sales.

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Baua Electric

MARCH 4, 2024

It’s not clear why, but some are suggesting bad Chinese delivery numbers are to blame. China is the world’s biggest auto market and by far the biggest EV market. If your sales are dropping in that market, you are in bad shape. Tesla has heavily relied on the Chinese market for growth in recent years.

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Electrek

JANUARY 2, 2024

It was a huge year for profits at Chinese auto behemoth BYD. Adding up sales for all so-called new energy vehicles, including battery-only vehicles and plug-in hybrids, BYD sold a whooping 3 million vehicles in 2023. more… The post China’s BYD tops sales of 3 million EVs in 2023 appeared first on Electrek.

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Baua Electric

APRIL 26, 2024

It’s taken Huawei just four years to become a force in smart car technology , navigating the devastation of trade sanctions on its smartphones business while simultaneously developing a driver assistance system that is the darling of the Beijing auto show. ” said Evangelos Simoudis, an investor and corporate adviser.

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EV Central

MAY 14, 2024

The Chinese electrified vehicle maker Leapmotor will launch in Australia in late 2024 as part of an international expansion backed by global auto giant Stellantis. Beyond that it has a variety of existing models it could add here quickly including the Mini-sized T03 electric car that has already been confirmed for European sale.

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Teslarati

MARCH 29, 2024

BYD set lower sales growth goals for 2024, warning of a looming price war and overcapacity in Mainland China’s electric vehicle (EV) sector. However, BYD’s delivery estimates for 2024 are a third of 2023’s sales growth, which was 62.3%. The Chinese automaker estimates account for some challenges BYD expects this year.

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Baua Electric

APRIL 27, 2024

The South Korean companies will seek to find new business models harnessing artificial intelligence technologies with the Chinese counterpart as well. Hyundai and Kia will also utilise Baidu’s smart cloud computing technology to address Beijing’s enhancing data regulations, reports Yonhap news agency.

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Teslarati

MARCH 22, 2024

Renault CEO Luca de Meo released a 19-page open letter to Europe describing an auto European plan to protect against the ‘onslaught of electric vehicles (EV)’ coming from China.” He pointed out that electric vehicles and plug-in hybrids account for 14% of global car sales, led by Asian automakers. Buoyed by its huge domestic market (8.5

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Baua Electric

FEBRUARY 7, 2024

of the total sales, while nearly one out of seven NEVs sold during the month was also exported, CAAM data shows. China’s new energy vehicle sales fell 38.8% China’s new energy vehicle sales fell 38.8% Vehicle sales, including those exported, totalled 2.44 of total sales, grew 78.8%

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Green Car Congress

FEBRUARY 4, 2022

TTTech Auto, a Vienna-based technology leader in automotive safety software, raised US$285 million (€250 million) from Aptiv PLC and Audi in its latest funding round. With this latest funding round and a valuation of more than US$1 billion, TTTech Auto confirms its strong position amid a growing number of auto tech unicorns.

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Baua Electric

MARCH 31, 2024

JATO’s data revealed that these vehicles were responsible for 61% of total sales in February 2024, in comparison to the 62% registered in February 2019. Chinese-made cars drive growth In Europe, sale of cars made in China saw the highest levels of year-on-year growth in February 2024 (+45%) and in January-February 2024 (+43%).

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Baua Electric

MARCH 6, 2024

Possible “remedies” on the table include retroactive tariffs on Chinese EVs. Back in October 2023, Europe launched its formal investigation into the Chinese EV industry, as European companies are struggling to compete with the cheap, high-tech Chinese imports, made by low-cost labor, entering the European Union.

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Teslarati

JULY 6, 2023

Tesla and 16 Chinese automakers signed a truce ending the EV price war. Executives from Tesla and 16 China-based automakers participated in a signing ceremony at the China Auto Forum in Shanghai held on July 6, 2023. Last month, local Chinese authorities hesitated to approve Tesla’s Giga Shanghai expansion plans.

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Chinese Price Tesla BYD 140

Baua Electric

APRIL 23, 2024

European automakers face a trifecta of challenges: soft demand due to higher borrowing costs that discourage car purchases, fierce competition from Chinese rivals, and higher input costs squeezing their margins. The company’s sales suffered in the first quarter ended Dec.

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CN EV Post

MARCH 16, 2023

A Volkswagen joint venture in China has started offering official discounts as the price war in the Chinese auto industry continues. family models as the price war in China's auto industry intensified. family models as the price war in China's auto industry intensified. percent from a year earlier, with a 5.3

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Baua Electric

JANUARY 17, 2024

Chinese automaker BYD recently surpassed Tesla as the world’s leading seller of EVs, and it’s only one of several Chinese-owned brands that are already selling cars in the US and the EU. However, the world’s #2 and #3 auto markets differ in terms of their response to the threat from #1. The US currently imposes a 27.5

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Baua Electric

MAY 9, 2024

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. It has a plant in Nevada and has broken ground on a second one in Kansas, which would take its auto battery capacity to 80 gigawatt hours (GWh) a year.

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Baua Electric

MAY 6, 2024

But EU plans to outlaw the sale of new fossil fuel-powered cars from 2035, meaning some jobs will inevitably become redundant. Poor prospects What jobs remain are under increasing pressure from Chinese competitors, who are hauling in a growing share of the market. “That’s not the case in production.”

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Baua Electric

JULY 5, 2023

AlixPartners forecast China’s total auto gross sales would develop 3 p.c million automobiles, convalescing to the extent of gross sales prior to COVID-19. Dyer forecast annual gross sales of Chinese language-branded automobiles in in a foreign country markets would develop to 9 million automobiles through 2030.

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Teslarati

NOVEMBER 23, 2023

Stellantis recently repurchased €934 million in shares from Chinese auto company Dongfeng as per a pre-existing share repurchase framework. Stellantis and CATL sign LFP battery supply agreement Besides its relationship with Dongfeng, Stellantis has formed partnerships and invested in other Chinese companies.

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Auto Industry Industrial Industry Auto 90

Teslarati

FEBRUARY 25, 2024

— Rohan Patel (@rohanspatel) February 24, 2024 The statement comes just as the Canadian International Auto Show comes to a close, at which the Cybertruck and other Tesla vehicles were shown on display. Let me know at zach@teslarati.com , find me on X at @zacharyvisconti , or send us news tips at tips@teslarati.com.

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Baua Electric

MARCH 14, 2024

MG Motors, a unit of Chinese automaker SAIC, will open a second European parts centre by the summer of 2024 in France to meet the country’s growing demand for its vehicles, a spokesperson told Reuters on Thursday. SAIC is currently evaluating whether to build a factory in Europe.

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Baua Electric

JANUARY 2, 2024

The Atto-3 SUV / Source: BYD Europe It was a huge year for profits at Chinese auto behemoth BYD. Adding up sales for all so-called new energy vehicles, including battery-only vehicles and hybrids, BYD sold 3 million vehicles in 2023. Tallying up its year-end sales, it’s a massive 62% growth from 2022.

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Baua Electric

APRIL 29, 2024

Chinese state media reported that he met Premier Li Qiang in Beijing but did not say what they discussed. automaker won a key endorsement that coincided with his trip – from a top Chinese auto association which said Tesla’s Model 3 and Y cars were among models found to be compliant with China’s data security requirements.

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Baua Electric

APRIL 25, 2024

The separate announcements from two of Japan’s biggest automakers at the Beijing auto show also underscored the attempt by Japanese manufacturers to come to grips with the massive technological shifts that have disrupted their once enviable positions in the Chinese market. It saw its sales in China fall 1.7%

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EV Central

APRIL 29, 2024

The sleek electric sedan that is a big chance to lead Chinese-Swedish premium Lynk & Co’s Australian launch has been revealed in official teaser photography. Geely, which also owns Volvo, Polestar, Lotus and others, announced back in 2021 Lynk & Co would go on-sale in Australia in 2025. Dubbed the Lynk & Co Zero, the 5.0

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Baua Electric

MARCH 20, 2024

Some years ago, the government set a goal of 100% electric sales by 2025, and that goal is well within sight. of the entire auto market. Its sales were about equal to those of the next 7 models combined. 4, followed by the new Volvo EX30 , and two old favorites, the Nissan LEAF and Hyundai Kona. of the market, up from 90.1%

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Baua Electric

APRIL 24, 2024

Chinese electric vehicle (EV) maker XPeng on Thursday said its software and artificial intelligence training upgrades will enter a “super fast cycle” from May, and that it hopes use of its platform will expand to other Asian countries and Europe.

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Teslarati

FEBRUARY 1, 2023

Tesla’s price cuts in China dropped sales of competing domestic electric vehicle makers Nio, Li Auto, and Xpeng by as much as 60 percent in January. Nio, Li Auto, and Xpeng all showed significant drops in both monthly and year-over-year sales comparisons in January after Tesla stroked demand by dropping prices by as much as 13.5

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