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After chiding Ford for US CATL battery plan, GM may be seeking its own

Baua Electric

battery-supply deal with China’s CATL, Car News China reports. The deal reportedly being discussed would bring that partnership to North America in the form of a joint battery plant located in either the U.S. or Mexico, along with a GM license agreement for CATL’s LFP battery tech. car manufacturing.”

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China is Unhappy with the Inflation Reduction Act and Has Complained to the WTO

The Truth About Cars

Among many other things, the Inflation Reduction Act changed the way EV tax credits work in the United States. With an eye on reducing America’s dependence on Chinese batteries and materials, the Act incentivizes automakers to source materials from free-trade-compliant countries and build EVs in North America. others might.

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Sona Comstar adopts 3-pronged strategy to beat China globally in EV parts supply – ET Auto

Baua Electric

New Delhi: It is no secret that Chinese component makers are aggressively scouting global markets for increasing their already tight grip on the nascent battery electric vehicle (BEV) industry. What do Indian suppliers with global ambitions in the BEV segment do to thwart this aggressive posturing by the Chinese?

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Tesla led in 2023 global EV sales, but BYD outsold it in Q4

Baua Electric

Tesla and Chinese automaker BYD were the two global contenders for most EV sales in 2023. Tesla has used price cuts to help jolt sales, but BYD has its own battery business, giving it greater control over prices. Its new Blade battery, focused on safety and longevity , has earned a good reputation already.

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If $50,000 EVs still lose $6,000, when will EVs become profitable?

Baua Electric

BCG estimates that most automakers lose around $6,000 on each EV they effectively sell for $50,000, that price accounting for any tax credits or other incentives the customer might be eligible for. market if heavily-subsidized Chinese EVs ever break through here. market if heavily-subsidized Chinese EVs ever break through here.

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Survey: Younger US drivers are more open to Chinese EVs

Baua Electric

drivers are more open to driving vehicles from Chinese brands than their older counterparts, according to a new AutoPacific survey. But concerns about how Chinese brands manage data privacy were high regardless of age. No vehicles from Chinese brands are currently sold in the U.S., Younger U.S.

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Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

Battery electric cars accounted for 70% of the electric car stock in 2023, states the IEA annual report of the EV global parc. Chinese car makers can undercut rivals in Europe because their production costs are heavily subsidised. These trends indicate that growth remains robust as electric car markets mature. China exported over 1.2