Tesla moves forward with a plan to build an energy-storage battery factory in China
1 year ago

Tesla moves forward with a plan to build an energy-storage battery factory in China

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy American electric automaker Tesla's plans to produce energy-storage batteries in China moved forward on Friday with a signing ceremony for the land acquisition for a new factory in Shanghai, China's state media said. China is a major market and manufacturing center for Tesla, and the company's CEO, Elon Musk, has built close ties with Chinese officials even as U.S.-China relations soured. The market leader is Chinese auto company BYD, which announced plans Friday to build electric vehicles in Hungary in what will be its first car factory in Europe. Tesla sold 464,654 vehicles in China in the first 10 months of the year, up 37.5% over last year and accounting for 12% of China’s electric vehicle sales, according to the China Passenger Car Association, the research arm of the China Automobile Dealers Association.

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History of this topic

Not only Volkswagen and Nissan, automakers world over are struggling after a rewarding pandemic
1 week ago

Not only Volkswagen and Nissan, automakers world over are struggling after a rewarding pandemic

Firstpost  

A few years ago, automakers were celebrating record profits as the pandemic caused new car shortages, allowing them to raise prices. Now, the industry is facing a harsh reality, according to a report A few years ago, automakers were celebrating record profits as the pandemic caused new car shortages, allowing them to raise prices. Competition from China is “starting to …

China’s CATL forms joint venture with Stellantis to build electric vehicle battery factory in Spain
1 week, 6 days ago

China’s CATL forms joint venture with Stellantis to build electric vehicle battery factory in Spain

Associated Press  

BARCELONA, Spain — Chinese electric battery company CATL and automaker Stellantis will build a major battery factory in northern Spain, the partners announced Tuesday. The EU, like the United States, is applying tariffs on electric vehicles imported from China to help protect domestic producers and encourage Chinese carmakers to move production to Europe and create local jobs. Spain’s Minister of …

Europe’s Big Battery Ambitions Are Failing, and China Is Benefiting
1 week, 6 days ago

Europe’s Big Battery Ambitions Are Failing, and China Is Benefiting

Live Mint  

Europe’s bid to build a homegrown battery industry to break China’s dominance in electric vehicles is failing. “The failure to establish domestic battery manufacturing capabilities threatens the very existence of the automotive industry in Europe,” said Andy Palmer, former chief executive officer of Aston Martin Global Lagonda Holdings Plc. By the time Europe’s automakers went all in on electric cars, …

BYD to outsell Ford, Honda, beat 2024 sales goals heartily as Tesla continues to struggle in China
2 weeks ago

BYD to outsell Ford, Honda, beat 2024 sales goals heartily as Tesla continues to struggle in China

Firstpost  

By the end of November, BYD had already delivered 3.76 million vehicles, including over 500,000 units in November alone, putting it on track to surpass its 4 million sales goal for the year The robust performance in China—where over 90 per cent of BYD’s sales occur—places the company ahead of Honda and Ford in global rankings for 2024. Image Credit: …

China automakers pivot to hybrids for Europe to counter EV tariffs
2 weeks, 4 days ago

China automakers pivot to hybrids for Europe to counter EV tariffs

Live Mint  

* China hybrid exports to Europe to grow 20% this yr, analyst says * Chinese automakers challenge European and Japanese dominance * Cheaper and more fuel-efficient models to enter the market SHANGHAI, - Automakers in China are ramping up exports of hybrid vehicles to Europe and planning more models for the key market, exposing the limits of the European Union's …

Tesla boosted by China sales, Shanghai plant
2 months, 3 weeks ago

Tesla boosted by China sales, Shanghai plant

China Daily  

Potential car buyers seen at a Tesla showroom in Shanghai. China is becoming a crucial market for Tesla, with the American electric-vehicle maker offering incentives to boost sales there and its Shanghai factory recently exporting its millionth vehicle. "China, which accounts for one-third of Tesla's sales, is a major growth driver," said Scott Acheychek, chief operating officer of REX Financial, …

The wheels have come off Britain’s car industry – here’s how to get it back on the road
3 months, 2 weeks ago

The wheels have come off Britain’s car industry – here’s how to get it back on the road

The Independent  

Ask anyone involved in the British motor industry or the car trade what their biggest challenges have been over the past few years and for most, three words will immediately come to mind: Brexit. As Nowak points out, the “reset” could “ease pressures on supply chains, which is really important in sectors like automotive and aerospace … Because nobody builds …

Tesla cancels factory plan in ASEAN
4 months, 1 week ago

Tesla cancels factory plan in ASEAN

China Daily  

Potential car buyers seen at a Tesla showroom in Shanghai. Quoting an anonymous official source, the Nation said last week that Tesla had pulled out the team overseeing the project late last year. While the ASEAN region has the potential for a vibrant EV market, it is currently dominated by Chinese companies have a strong grip on the sector and …

Tesla cancels factory plan in ASEAN
4 months, 1 week ago

Tesla cancels factory plan in ASEAN

China Daily  

Potential car buyers seen at a Tesla showroom in Shanghai. Quoting an anonymous official source, the Nation said last week that Tesla had pulled out the team overseeing the project late last year. While the ASEAN region has the potential for a vibrant EV market, it is currently dominated by Chinese companies have a strong grip on the sector and …

As EV tariff talks continue, China urges pragmatism
5 months ago

As EV tariff talks continue, China urges pragmatism

China Daily  

China-made new energy vehicles await shipment to Europe in Xiamen, Fujian province. JIANG KEHONG/XINHUA BEIJING/BRUSSELS — China has reiterated its stance on reaching a mutually acceptable solution to a trade spat involving Chinese electric vehicles exported to the European Union as talks between the two sides continue. Indispensable EVs There has been growing consensus that the world will require significantly …

As EV tariff talks continue, China urges pragmatism
5 months ago

As EV tariff talks continue, China urges pragmatism

China Daily  

China-made new energy vehicles await shipment to Europe in Xiamen, Fujian province. JIANG KEHONG/XINHUA BEIJING/BRUSSELS — China has reiterated its stance on reaching a mutually acceptable solution to a trade spat involving Chinese electric vehicles exported to the European Union as talks between the two sides continue. Indispensable EVs There has been growing consensus that the world will require significantly …

Chinese carmaker to avoid paying tariffs on electric car exports to Britain
5 months, 2 weeks ago

Chinese carmaker to avoid paying tariffs on electric car exports to Britain

The Telegraph  

Shanker Singham, a trade expert who has advised the UK government, said: “The big driver of this decision by BYD is the tariffs being levied by the European Union on electric vehicles. “Turkey is not a bad location to choose for that, because it has agreements not just with Europe and the UK but also with lots of other countries …

Tesla included into Chinese government purchase list
5 months, 2 weeks ago

Tesla included into Chinese government purchase list

China Daily  

Potential car buyers seen at a Tesla showroom in Shanghai. CHINA DAILY Tesla Inc has been included into a government procurement list of East China's Jiangsu province, which marked the United States electric vehicle giant's first time entry into a local government purchasing list in China. The move came at a time when Tesla proposed to test its robotaxi and …

Chinese firms eye Morocco as way to cash in on US electric vehicle subsidies
5 months, 2 weeks ago

Chinese firms eye Morocco as way to cash in on US electric vehicle subsidies

Associated Press  

TANGIERS, Morocco — After the United States passed new subsidies designed to boost domestic electric vehicle production and cut into Beijing’s supply chain dominance, Chinese manufacturers began investing in an unlikely place: Morocco. “We have flexibility to be able to comply with all the changes in interpretation or rules.” The Chinese battery projects include at least three joint ventures and …

German car manufacturers under pressure
5 months, 4 weeks ago

German car manufacturers under pressure

China Daily  

LI MIN/CHINA DAILY There is still time for the EU and China to avoid new tariffs and agree on local content requirements that serve all In mid-June, after months of investigation, the European Commission announced potential import tariffs on battery electric vehicles from China in the range of 17 to 38 percent, differentiated by manufacturer. However, when we look at …

German car manufacturers under pressure
5 months, 4 weeks ago

German car manufacturers under pressure

China Daily  

LI MIN/CHINA DAILY There is still time for the EU and China to avoid new tariffs and agree on local content requirements that serve all In mid-June, after months of investigation, the European Commission announced potential import tariffs on battery electric vehicles from China in the range of 17 to 38 percent, differentiated by manufacturer. However, when we look at …

Beijing E-town welcomes a new lithium-ion battery factory
6 months ago

Beijing E-town welcomes a new lithium-ion battery factory

China Daily  

The Beijing Economic-Technological Development Area has gathered a group of leading vehicle manufacturers, including Beijing Benz and Xiaomi Auto. "The Beijing Economic-Technological Development Area has gathered a group of leading new energy vehicle manufacturers, holding enormous market potential," said the company. The high-end and new energy automobile industry in Beijing E-town has an annual output value exceeding 200 billion yuan, …

Beijing E-town welcomes a new lithium-ion battery factory
6 months ago

Beijing E-town welcomes a new lithium-ion battery factory

China Daily  

The Beijing Economic-Technological Development Area has gathered a group of leading vehicle manufacturers, including Beijing Benz and Xiaomi Auto. On Tuesday, the Beijing Economic-Technological Development Area, also called Beijing E-town, welcomed Contemporary Amperex Technology Co Ltd, China's largest automotive lithium-ion battery maker, into its fold. The company began construction on its first battery plant in North China, adding another piece …

Chinese cars making inroads Down Under
6 months, 1 week ago

Chinese cars making inroads Down Under

China Daily  

It was not all that long ago when Australian roads were dominated by cars from the United States, Europe, Japan and South Korea. He told China Daily: "At the time Australia still had a domestic car sector which made entry all that more difficult for new entrants to the market. "Chinese EVs are cheaper in Australia than in Europe or …

The brutal truth about the West’s war on Chinese electric cars
6 months, 1 week ago

The brutal truth about the West’s war on Chinese electric cars

The Telegraph  

Which companies will be hit the hardest by the European Union’s crackdown on Chinese electric vehicles? Western manufacturers such as Tesla and BMW – which make cars in China and then ship them to Europe – risk being the biggest losers from the EU’s tough new tariffs crackdown on EV imports. At least, that’s the counter-intuitive conclusion being drawn by …

Europe wants affordable electric vehicles from China. But not at the cost of its own auto industry
6 months, 1 week ago

Europe wants affordable electric vehicles from China. But not at the cost of its own auto industry

Associated Press  

FRANKFURT, Germany — The European Union moved Wednesday to hike tariffs, or import taxes, on electric vehicles made in China. The European Commission, the EU’s executive arm, said the preliminary results of its ongoing investigation into Chinese EV subsidies show that the country’s battery electric vehicle “value chain” benefits from “unfair subsidization” that hurts EU rivals. The commission took aim …

Europe wants affordable electric vehicles from China. But not at the cost of its own auto industry
6 months, 1 week ago

Europe wants affordable electric vehicles from China. But not at the cost of its own auto industry

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The European Commission, the EU’s executive arm, said the …

Tesla attempts to woo Chinese customers with free California factory tour as sales growth slows and competition rises
6 months, 3 weeks ago

Tesla attempts to woo Chinese customers with free California factory tour as sales growth slows and competition rises

Hindustan Times  

Tesla is offering its Chinese customers a chance to win a tour of its factory in Fremont, California, due to slowing sales and increasing competition. This came just a day after it said customers could win a free two-day, one-night trip for two to Gigafactory Shanghai if they took a test drive from any Tesla store in China before June …

Foreign carmakers continue to expand production in China
6 months, 3 weeks ago

Foreign carmakers continue to expand production in China

China Daily  

The groundbreaking ceremony of Tesla's mega factory in Shanghai, May 23, 2024. Many foreign automotive manufacturers have doubled down on their investments in China: Volkswagen AG established its largest R&D center outside Germany in China, focusing on the research of intelligent connected vehicles. Tesla's Shanghai mega factory has become the company's major export hub in the world, accounting for more …

China's new-energy sector draws interest of global investors
7 months ago

China's new-energy sector draws interest of global investors

China Daily  

Tesla showcases its charging piles and electric vehicles at the 2023 Consumer Technology and Innovation Show on May 30 in Shanghai. Experts said China's fast-growing green technologies and its thriving new-energy market have heightened the country's magnetism for foreign investors, particularly auto firms keen on turbocharging the electrification trend. "The influx of investments by international carmakers has shed light on …

New Tesla energy storage plant breaks ground in development
7 months ago

New Tesla energy storage plant breaks ground in development

China Daily  

Tesla's energy storage plant in eastern Shanghai's Lin-gang Special Area broke ground on Thursday. Tesla's energy storage plant in eastern Shanghai's Lin-gang Special Area broke ground on Thursday, marking a major progress forward of this facility - the US electric carmaker's first of such facility outside its home country. The total investment of Tesla's energy storage plant in Lin-gang will …

Editorial: China embraced electric vehicles. The U.S. didn’t. Now we’re paying the price
7 months, 1 week ago

Editorial: China embraced electric vehicles. The U.S. didn’t. Now we’re paying the price

LA Times  

A BYD Seagull electric vehicle is displayed at the Caresoft Global facility in April in Livonia, Mich. For shoppers who want to buy an electric car but have been put off by the steep price tag, the news this week that President Biden has hiked tariffs on Chinese-made EVs to shut them out of the U.S. market is not good. …

Morocco’s automotive industry shifts gears to prep for electric vehicle era
7 months, 1 week ago

Morocco’s automotive industry shifts gears to prep for electric vehicle era

Associated Press  

TANGIERS, Morocco — A train that travels from rural northern Morocco to a port on the Mediterranean Sea carries no passengers. French automaker Renault, the country’s largest private employer, calls Morocco “Sandero-land” because it produces nearly all of its subcompact Dacia Sanderos there. He said the industry is likely to continue growing because Morocco’s “integration rate” — the percentage of …

Tesla secures major construction permit
7 months, 1 week ago

Tesla secures major construction permit

China Daily  

A view of a Tesla showroom in Shanghai. With its construction permit obtained on Monday, US electric vehicle maker Tesla's energy storage project in Lin-gang, eastern Shanghai — the first of its kind outside the United States — is expected to break ground this month and enter mass production in the first quarter of 2025. Covering some 200,000 square meters, …

Tesla secures major construction permit
7 months, 1 week ago

Tesla secures major construction permit

China Daily  

A view of a Tesla showroom in Shanghai. With its construction permit obtained on Monday, US electric vehicle maker Tesla's energy storage project in Lin-gang, eastern Shanghai — the first of its kind outside the United States — is expected to break ground this month and enter mass production in the first quarter of 2025. Covering some 200,000 square meters, …

China’s Leapmotor to start selling electric cars in Europe
7 months, 1 week ago

China’s Leapmotor to start selling electric cars in Europe

The Independent  

Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more SIGN UP I would like to be emailed about …

China's EV industry driving global green development
7 months, 2 weeks ago

China's EV industry driving global green development

China Daily  

SHI YU/CHINA DAILY Certain US and European politicians have been pointing fingers at China's electric vehicle industry. However, it is absurd for them to criticize China's EV sector, which plays a significant role in driving global green development. BEVs and plug-in hybrid EVs represented 15.8 percent of global light vehicle sales last year, with China boasting the highest market share …

Shenzhen EV players head to Europe
7 months, 2 weeks ago

Shenzhen EV players head to Europe

China Daily  

A chassis manufactured by Chinese new energy vehicle producer BYD is displayed at a dealership in Budapest, Hungary, in October. ATTILA VOLGYI/XINHUA Electric vehicle companies from Shenzhen in South China's Guangdong province have gradually taken root in Hungary, bolstering local economic growth and promoting the green transition. "Companies in the battery industrial chain in Shenzhen, including BYD Group, Shenzhen Kedali …

Tesla clears hurdles in China's electric vehicle market
7 months, 2 weeks ago

Tesla clears hurdles in China's electric vehicle market

China Daily  

A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in Shanghai, China on Jan 7, 2019. For Tesla, "it's a good thing, because it's one more domino knocked down, in order for them to be able to potentially get the data from those cars out to America," Mark Rainford, an influencer in the automotive industry and …

Tesla’s China-made EV sales fall 18% year on year in April
7 months, 2 weeks ago

Tesla’s China-made EV sales fall 18% year on year in April

The Hindu  

U.S. automaker Tesla sold 62,167 China-made electric vehicles in April, down 18% from a year earlier, China Passenger Car Association data showed on May 7. China's new-energy vehicle sales including battery-powered EVs and plug-in hybrids were estimated to hit 8,00,000 units in April, up 33% on the year and a 2% drop from the month before, according to CPCA data. …

Foreign firms ride nation's big changes
7 months, 3 weeks ago

Foreign firms ride nation's big changes

China Daily  

Aerial photo taken on Feb 16, 2022 shows a photovoltaic power station in Yongren county of Chuxiong Yi autonomous prefecture, Southwest China's Yunnan province. Stephane Nassau, a French national and president for global sales at the Climate Solutions division of the Danish technology and engineering conglomerate Danfoss Group, thinks that China's visa-free policy for many European countries, including France and …

Tesla CEO Elon Musk visits China during Beijing auto show
7 months, 3 weeks ago

Tesla CEO Elon Musk visits China during Beijing auto show

The Hindu  

Tesla CEO Elon Musk met with a top government leader in the Chinese capital on Sunday, just as the nation’s carmakers are showing off their latest electric vehicle models at the Beijing auto show. Chinese Premier Li Qiang told Mr. Musk that he hopes the U.S. will work more with China on “win-win” cooperation, citing Tesla’s operations in China as …

Tesla CEO Musk visits China as competitors show off new electric vehicles at Beijing auto show
7 months, 3 weeks ago

Tesla CEO Musk visits China as competitors show off new electric vehicles at Beijing auto show

Associated Press  

BEIJING — Tesla CEO Elon Musk met with a top government leader in the Chinese capital Sunday, just as the nation’s carmakers are showing off their latest electric vehicle models at the Beijing auto show. Chinese Premier Li Qiang told Musk that he hopes the U.S. will work more with China on “win-win” cooperation, citing Tesla’s operations in China as …

Chinese automakers redefine the car as a living space at Beijing Auto Show
7 months, 4 weeks ago

Chinese automakers redefine the car as a living space at Beijing Auto Show

Associated Press  

BEIJING — How about turning a car’s front bucket seats 180 degrees so they face the rear seats and extending out a table so the occupants can play cards or eat a meal? The seemingly never-ending efforts of China’s electric car makers to redefine the automobile went on display Thursday at the opening of the nation’s largest annual auto show. …

Chinese electric vehicles see more sales in developing countries
7 months, 4 weeks ago

Chinese electric vehicles see more sales in developing countries

China Daily  

Marelli's booth at the 2024 Beijing International Automotive Exhibition. Developing countries have more potential to increase their adoption of Chinese-made electric vehicles once they expand their associated infrastructure in the years ahead, said a senior foreign business leader. Speaking at its booth during the ongoing 2024 Beijing International Automotive Exhibition, David Slump, president and CEO of Marelli Holdings Co Ltd, …

How Beijing buried Western industry under a wave of cheap electric cars
8 months ago

How Beijing buried Western industry under a wave of cheap electric cars

The Telegraph  

China’s EV industry is benefiting from low labour costs, economies of scale from a large home market and a command economy that made battery and EV production a focus of China’s five-year plan introduced in 2021. BYD, which last year briefly eclipsed Tesla as the world’s biggest EV maker, plans to start production in Thailand this year with an annual …

China continues to drive global EV expansion
8 months ago

China continues to drive global EV expansion

China Daily  

The BYD EV Dolphin Mini is displayed as the Chinese electric-vehicle producer announces the launch of the low-cost EV in Mexico City, Mexico on Feb 28. Newly published figures in the International Energy Agency's annual Global Electric Vehicle Outlook show that in the first quarter of 2024, sales grew by around 25 percent compared to the same period last year, …

Are Chinese electric vehicles taking over the world?
8 months ago

Are Chinese electric vehicles taking over the world?

Al Jazeera  

Western car makers, already bruised by the scramble among themselves for a share of the electric vehicle market, are facing a much more fearsome foe – China and its aggressive investment into the sector. According to Adamas Intelligence, a Canadian independent research and advisory firm: “From 2024, Chinese buyers would not have to pay tax on a full electric vehicle …

China’s highflying EV industry is going global. Why that has Tesla and other carmakers worried
8 months ago

China’s highflying EV industry is going global. Why that has Tesla and other carmakers worried

LA Times  

Staff members stand near a logo for BYD, China’s largest maker of electric vehicles, as they wait for visitors at the Beijing International Automotive Exhibition in 2016. “With Chinese automakers making inroads for most of the market share, that’s a huge challenge for foreign automakers.” China’s rapid expansion domestically and abroad has added fuel to a series of clashes between …

Tesla to cut more than 10% of global workforce
8 months, 1 week ago

Tesla to cut more than 10% of global workforce

China Daily  

Tesla, facing increasing competition and declining sales of its electric vehicles, said Monday that it would lay off more than 10 percent of its global workforce to cut costs. "As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity," Tesla CEO …

Tesla scouts for its first India showroom locations
8 months, 1 week ago

Tesla scouts for its first India showroom locations

The Hindu  

U.S. electric carmaker Tesla is looking at potential showroom locations in New Delhi and Mumbai ahead of plans to begin sales in India later this year, two people familiar with the discussions said. India last month cut electric vehicle import taxes to 15% from as much as 100% for automakers that invest at least $500 million and set up a …

Ahead of Elon Musk's India visit, Tesla explores showroom locations in New Delhi, Mumbai: Report
8 months, 1 week ago

Ahead of Elon Musk's India visit, Tesla explores showroom locations in New Delhi, Mumbai: Report

India TV News  

Washington: Ahead of Tesla CEO Elon Musk's visit to India, the US electric carmaker is looking at potential showroom locations in New Delhi and Mumbai ahead of plans to begin sales in India later this year, two people familiar with the discussions told news agency Reuters. India last month cut electric vehicle import taxes to 15% from as much as …

Chinese EVs can overcome headwinds in global markets
8 months, 1 week ago

Chinese EVs can overcome headwinds in global markets

China Daily  

Visitors look at BYD's electric vehicle "Sealion" during the 45th Bangkok Motor Show in Bangkok, Thailand, March 26, 2024. China's electric vehicle industry has become increasingly competitive in the global market thanks to the country making rapid advancements in EV technology, manufacturing capability and quality production. Chinese EV makers have also developed competitive electric power trains and battery packs, and …

Chinese EVs can overcome headwinds in global markets
8 months, 1 week ago

Chinese EVs can overcome headwinds in global markets

China Daily  

Visitors look at BYD's electric vehicle "Sealion" during the 45th Bangkok Motor Show in Bangkok, Thailand, March 26, 2024. China's electric vehicle industry has become increasingly competitive in the global market thanks to the country making rapid advancements in EV technology, manufacturing capability and quality production. Chinese EV makers have also developed competitive electric power trains and battery packs, and …

Tesla begins hunt for sites to build car factory in India: Report
8 months, 2 weeks ago

Tesla begins hunt for sites to build car factory in India: Report

India Today  

Tesla is looking to set up a big factory in India and is sending over a team to scout for possible locations, reported The Financial Times. Last month, India decided to lower the taxes on some electric cars made by companies that agree to invest at least Rs 3,700 crore and start making cars in India within three years. But …

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