Chinese EV brand Zeekr beats Xpeng's market value after raising $750 million in fresh funding
1 year, 10 months ago

Chinese EV brand Zeekr beats Xpeng's market value after raising $750 million in fresh funding

Firstpost  

After raising hundreds of millions of dollars from new and existing investors in a fresh funding round, the Chinese electric vehicle brand Zeekr has surpassed the market value of its rival Xpeng. According to a press release issued on Monday, 13 January 2023, by Geely Holding Group, which backs Zeekr, the company has raised approximately $750 million. The release also added that the funds will be used to accelerate the global development of Zeekr’s proprietary technology and also expand its global market coverage by entering Europe in 2023. Speaking on the same, Li Donghui, Geely CEO said, “The Series-A fundraising is a vote of confidence in the growth prospects and strong future of Zeekr, which becomes the latest brand in the Geely Holding portfolio to secure a strong valuation.” New investors back Zeekr As stated by Zeekr in its press release, the company has acquired a few new investors including Amnon Shashua, the CEO and founder of autonomous driving technology company Mobileye Global, Intel Corporation,, and the Guangzhou city municipal government’s investment arm Yuexiu Industrial Fund.

Chinese Xpeng Zeekr  global  release  technology  value  raising  company  zeekr  funding  ev  fresh  chinese  investors  geely  xpengs  market  billion  million

History of this topic

China’s Tesla Model Y rival set to arrive in the UK
1 week, 5 days ago

China’s Tesla Model Y rival set to arrive in the UK

The Independent  

Chinese car maker Xpeng has confirmed its entry into the UK market. Speaking exclusively to The Independent, IM Group managing director William Brown said “the plan is that we will launch the first model in March next year, which is the G6.” open image in gallery The Xpeng G7 features a practical 571 litre boot The G6, a crossover rival …

Chinese firms power Indonesia's EV sector
1 month ago

Chinese firms power Indonesia's EV sector

China Daily  

By LEONARDUS JEGHO in Jakarta and PRIME SARMIENTO in Hong Kong | China Daily | Updated: 2024-11-22 10:22 Chinese electric vehicles are powering Indonesia's EV industry and gaining ground among local consumers, industry executives say. Rubby Lie, branch head of Prima Wahana Auto Mobil, Wuling Motor's largest authorized dealer in Indonesia, shared optimism about rising local demand for Wuling and …

Chinese firms power Indonesia's EV sector
1 month ago

Chinese firms power Indonesia's EV sector

China Daily  

By LEONARDUS JEGHO in Jakarta and PRIME SARMIENTO in Hong Kong | China Daily | Updated: 2024-11-22 10:22 Chinese electric vehicles are powering Indonesia's EV industry and gaining ground among local consumers, industry executives say. Rubby Lie, branch head of Prima Wahana Auto Mobil, Wuling Motor's largest authorized dealer in Indonesia, shared optimism about rising local demand for Wuling and …

Riding toward a cleaner, greener world
1 month ago

Riding toward a cleaner, greener world

China Daily  

FILE PHOTO: New China-built electric vehicles of the company Xpeng are seen parked in the port of Zeebrugge, Belgium, October 24, 2024. The move, which the EU described as an effort to maintain "fair competition", thinly veils an underlying attempt to curb China's ascendancy in the EV industry. China's EV ecosystem is not only vast, it is also driven by …

Riding toward a cleaner, greener world
1 month ago

Riding toward a cleaner, greener world

China Daily  

FILE PHOTO: New China-built electric vehicles of the company Xpeng are seen parked in the port of Zeebrugge, Belgium, October 24, 2024. The move, which the EU described as an effort to maintain "fair competition", thinly veils an underlying attempt to curb China's ascendancy in the EV industry. China's EV ecosystem is not only vast, it is also driven by …

Zeekr to take control of Lynk in major Geely shake-up, sources say
1 month, 1 week ago

Zeekr to take control of Lynk in major Geely shake-up, sources say

Live Mint  

* Zeeker to own 51% of Lynk -source * Deal values Lynk at around $2.5 billion -source * The two brands are seen having some product overlap HONG KONG/SHANGHAI, Nov 14 - Chinese premium electric vehicle maker Zeekr will take control of Lynk & Co, a sister brand owned by Geely and Volvo Cars, two sources with direct knowledge of …

Best new electric cars: 17 EVs to look forward to in 2025 and beyond
2 months, 3 weeks ago

Best new electric cars: 17 EVs to look forward to in 2025 and beyond

The Independent  

There are already over 100 models of electric car available to buy in the UK, and that number is going up all the time. Alfa Romeo Junior open image in gallery The Alfa Romeo Junior is an all-electric family hatchback to cost from around £33,000 Expected price: From £33,895 From £33,895 Launch date: Second half of 2024 Alfa’s first electric …

Fast-moving market pushes boundaries
3 months, 4 weeks ago

Fast-moving market pushes boundaries

China Daily  

Zeekr CEO Andy An explains some of the company's latest technologies at a vehicle launch event on Aug 13. New energy vehicle models are hitting the market in China at a faster speed than their gasoline-powered siblings, as carmakers are constantly pushing the frontiers of technology amid fierce competition in the fast-evolving sector. Technological breakthroughs, coupled with the sector's dynamics, …

Fast-moving market pushes boundaries
3 months, 4 weeks ago

Fast-moving market pushes boundaries

China Daily  

Zeekr CEO Andy An explains some of the company's latest technologies at a vehicle launch event on Aug 13. New energy vehicle models are hitting the market in China at a faster speed than their gasoline-powered siblings, as carmakers are constantly pushing the frontiers of technology amid fierce competition in the fast-evolving sector. Technological breakthroughs, coupled with the sector's dynamics, …

Indonesia, Chinese firms combine to drive EV growth
4 months, 1 week ago

Indonesia, Chinese firms combine to drive EV growth

China Daily  

By YANG HAN in Hong Kong and LEONARDUS JEGHO in Jakarta Investment incentives Arnold, who only shared his given name, has worked at a sales center of a Chinese EV brand in Indonesia for almost a year. "I joined the Chinese EV company because I saw more people in Indonesia are buying EVs and the government has provided incentives," said …

Gas or electric? Splitting the difference could energize Chinese automakers
4 months, 3 weeks ago

Gas or electric? Splitting the difference could energize Chinese automakers

Live Mint  

Plug-in hybrids, which have both an internal combustion engine and an electric motor, are increasingly seen as the best of both worlds. Global PHEV sales grew 50% year over year in the first five months of 2024, according to Bernstein—far better than the 9% pace for pure electric vehicles. J.P. Morgan says they could account for 60% of new-energy vehicle …

China and U.S. both eye breakthrough EV technology
5 months, 3 weeks ago

China and U.S. both eye breakthrough EV technology

Live Mint  

China is so dominant in the market for the batteries powering electric vehicles and green tech that it would take a technological upheaval to change that. For countries such as the U.S. that wish to break China’s dominance in the automotive and power technology of the future, the only hope would be a scientific breakthrough that could rejig the battery …

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 …

Japanese automaker Honda revs up on EVs, aiming for lucrative US, China markets
7 months, 1 week ago

Japanese automaker Honda revs up on EVs, aiming for lucrative US, China markets

Associated Press  

TOKYO — Japanese automaker Honda reaffirmed its commitment to electric vehicles Thursday, saying it will invest 10 trillion yen through fiscal 2031 to deliver EV models around the world, including the U.S. and China. The so-called “0 Series,” a key part of Honda’s EV strategy, will be a totally new EV series created from “zero,” Chief Executive Toshihiro Mibe told …

Geely's Zeekr plans biggest US IPO by Chinese firm, seeks $368 million
7 months, 2 weeks ago

Geely's Zeekr plans biggest US IPO by Chinese firm, seeks $368 million

Hindustan Times  

Zeekr Intelligent Technology Holding Ltd., the high-end electric car brand under Zhejiang Geely Holding Group Co., is seeking to raise as much as $367.5 million in a US initial public offering. Geely Auto, Mobileye Global Inc. and Contemporary Amperex Technology Co. Ltd. are interested in subscribing for as much as $349 million worth of shares in the offering, Zeekr said …

Geely's Zeekr plans biggest US IPO by Chinese firm, seeks $368 million
7 months, 2 weeks ago

Geely's Zeekr plans biggest US IPO by Chinese firm, seeks $368 million

Hindustan Times  

Zeekr Intelligent Technology Holding Ltd., the high-end electric car brand under Zhejiang Geely Holding Group Co., is seeking to raise as much as $367.5 million in a US initial public offering. Geely Auto, Mobileye Global Inc. and Contemporary Amperex Technology Co. Ltd. are interested in subscribing for as much as $349 million worth of shares in the offering, Zeekr said …

Crisis or opportunity: traditional automakers in EV race
7 months, 3 weeks ago

Crisis or opportunity: traditional automakers in EV race

China Daily  

A BYD vehicle on display during an expo in Paris, France. Delving into the changing global auto industry landscape, the article analyzes the challenges facing established automakers like Toyota and the advantages of emerging players, and provides insights into the future development of the industry. Toyota, the reigning champion of gasoline vehicles, has actively downplayed EVs and even hindered the …

Crisis or opportunity: traditional automakers in EV race
7 months, 3 weeks ago

Crisis or opportunity: traditional automakers in EV race

China Daily  

A BYD vehicle on display during an expo in Paris, France. Delving into the changing global auto industry landscape, the article analyzes the challenges facing established automakers like Toyota and the advantages of emerging players, and provides insights into the future development of the industry. Toyota, the reigning champion of gasoline vehicles, has actively downplayed EVs and even hindered the …

Competition-fueled Chinese EV boom to benefit world market, speed up decarbonization
7 months, 4 weeks ago

Competition-fueled Chinese EV boom to benefit world market, speed up decarbonization

China Daily  

Xiaomi CEO Lei Jun speaks during a news conference at the 2024 Beijing International Automotive Exhibition in Beijing, on April 25. Price cuts across various brands after Xiaomi's launch, from the Huawei Aito M7 to the 2024 Xpeng G9, demonstrate the dynamic nature of China's EV market. However, the fierce competition in China's new energy vehicle market, including price wars …

Global car brands need to catch up, says expert
8 months ago

Global car brands need to catch up, says expert

China Daily  

Xu Changming, an expert at the State Information Center, gives a speech at the seminar organized by Auto Star Works on April 23, 2024. International carmakers need to make "major changes" to stay competitive in China, the world's largest vehicle market, said Xu Changming, an expert at the State Information Center. Also, the State Information Center's survey show that those …

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, …

VW partners with Xpeng to develop EV architecture
8 months ago

VW partners with Xpeng to develop EV architecture

China Daily  

Volkswagen AG showcases its EV technology at the China International Import Expo in November 2023. Volkswagen AG said on Wednesday it is codeveloping an electrical/electronic architecture with Chinese startup Xpeng in an effort to improve its competitive edge in China's heated EV market. Currently, China's popular new energy vehicle models come from primarily local Chinese marques, including BYD as well …

EV sales slowdown: Goldman Sachs predicts bear-case scenario for 2024
8 months, 3 weeks ago

EV sales slowdown: Goldman Sachs predicts bear-case scenario for 2024

Hindustan Times  

A Goldman Sachs research report on electric vehicles says the EV uptake is at a turning point, and hybrids and plug-in hybrids are giving tough competition. Goldman Sachs report says this is due to concerns about three factors: EV capital cost due to lower prices of used EVs, poor visibility on government policy visibility, and a shortage of rapid charging …

EV sales slowdown: Goldman Sachs predicts bear-case scenario for 2024
8 months, 3 weeks ago

EV sales slowdown: Goldman Sachs predicts bear-case scenario for 2024

Hindustan Times  

A Goldman Sachs research report on electric vehicles says the EV uptake is at a turning point, and hybrids and plug-in hybrids are giving tough competition. Goldman Sachs report says this is due to concerns about three factors: EV capital cost due to lower prices of used EVs, poor visibility on government policy visibility, and a shortage of rapid charging …

China's Xiaomi to enter cut-throat EV market for the first time
8 months, 3 weeks ago

China's Xiaomi to enter cut-throat EV market for the first time

New Indian Express  

BEIJING: Chinese consumer tech giant Xiaomi will launch its first-ever EV at a press conference in Beijing Thursday, injecting itself into a fiercely competitive sector in the world's largest car market. China's EV sector has grown rapidly in recent years -- propelled by purchasing subsidies that were discontinued in late 2022 -- and dozens of domestic automakers are engaged in …

Chinese EV makers challenging market leaders at auto show in Bangkok
8 months, 3 weeks ago

Chinese EV makers challenging market leaders at auto show in Bangkok

Associated Press  

BANGKOK — Chinese electric vehicle makers are showcasing their latest models, including a flying car, as they take on global rivals at the Bangkok International Motor Show. Companies like BYD, XPeng and Great Wall Motors are quickly growing their sales in Thailand, challenging longstanding market leaders like Toyota, Isuzu and Ford, as they expand exports across the globe. BYD sold …

Fierce rivals Honda and Nissan join forces to take on Chinese car makers
9 months ago

Fierce rivals Honda and Nissan join forces to take on Chinese car makers

ABC  

In short: Honda and Nissan have signed a new alliance to work together on EV technology. Rival Japanese car makers Honda and Nissan have announced they will work together to develop electric vehicle technology and auto intelligence – two sectors where Japan's automakers have fallen behind. Honda president Toshihiro Mibe said the companies shared common values and could create "synergies" …

How the EV Transition Is Reshaping the Global Auto Industry
9 months, 3 weeks ago

How the EV Transition Is Reshaping the Global Auto Industry

Bloomberg  

The biggest transformation of the auto industry in a century is underway, as governments offer massive subsidies to speed up the shift to electric vehicles. This combination could mean big losses for Western automakers and endanger ambitious goals for reducing the greenhouse gas emissions that come from road transportation. Chinese companies have succeeded in taking domestic market share from former …

Tata Motors EVs get price cut of up to ₹1.2 lakh
10 months, 1 week ago

Tata Motors EVs get price cut of up to ₹1.2 lakh

Hindustan Times  

Indian automaker Tata Motors's electric vehicle unit on Tuesday said it has is the reduced prices of its cars by up to 120,000 rupees in what first instance of a price cut by an electric carmaker in the country. Nexon EV now starts at ₹ 14.49 lakh Electric variants currently form just 2% of car sales in India, as buyers …

How Toyota accelerated past the electric car slowdown
10 months, 2 weeks ago

How Toyota accelerated past the electric car slowdown

The Telegraph  

Speaking to Toyota employees last month, Akio Toyoda sounded slightly bruised. The chairman of the world’s biggest car maker described how he had been “beaten up” by critics for refusing to bet all his company’s chips on electric vehicles. The decision has infuriated climate activists who once praised Toyota for its eco-friendly Prius hatchback, while even industry insiders have wondered …

VW unveils ambitious product plan to stay atop in the country
10 months, 3 weeks ago

VW unveils ambitious product plan to stay atop in the country

China Daily  

Volkswagen AG showcases its EV technology at the China International Import Expo in November 2023. Volkswagen will expedite product introduction in China with more than 30 electric models by 2030 and 30 locally produced fuel-powered and plug-in hybrid models by 2027, aiming to stay as the No 1 international automaker in the world's largest auto market. The group said that …

Tesla loses over $82 billion, stock plunges 12% in a single day after ‘disastrous’ earnings call
10 months, 3 weeks ago

Tesla loses over $82 billion, stock plunges 12% in a single day after ‘disastrous’ earnings call

Firstpost  

The stock value of Tesla saw a significant dip of just over 12% on Thursday following remarks by CEO Elon Musk highlighting the challenges posed by Chinese electric-car manufacturers, whom he referred to as “the most competitive car companies in the world.” During Tesla’s earnings call on Wednesday, Musk praised Chinese carmakers such as BYD, Geely, and SAIC, emphasizing their …

Tesla slashes prices in China, struggling to keep a competitive edge in luxury EVs segment in booming market
11 months, 1 week ago

Tesla slashes prices in China, struggling to keep a competitive edge in luxury EVs segment in booming market

Firstpost  

Tesla has implemented price cuts of up to 6 per cent on its Shanghai-manufactured vehicles as it seeks to maintain its dominant position in the premium segment of the world’s largest electric vehicle market. These adjustments follow Tesla’s month-on-month sales growth of 15.7 per cent to 75,805 units in mainland China in December, according to data from the China Passenger …

EVs fuel BMW's lead in China
11 months, 2 weeks ago

EVs fuel BMW's lead in China

China Daily  

The 5 millionth vehicle of BMW Brilliance Automotive Ltd is seen in Tiexi district of Shenyang, Northeast China's Liaoning province, in February 2023. The BMW Group sold 824,932 BMW and MINI vehicles in China last year, up 4.2 percent year-on-year, said the German premium carmaker on Tuesday. "New competitors, products and technologies created an intensely competitive Chinese automotive market in …

'EVs are £700 a year cheaper to keep on the road than petrol cars', green think tank says
11 months, 2 weeks ago

'EVs are £700 a year cheaper to keep on the road than petrol cars', green think tank says

Daily Mail  

Owning an electric vehicle instead of a petrol car could save drivers around £10,000 over a decade and a half, according to a green think tank. Switching to electric could save owners up to £700 a year compared to driving a petrol car, a green think tank has estimated: Pictured, an electric Hyundai Ioniq5 While the upfront cost of new …

Smartphone maker Xiaomi unveils its first electric vehicle
11 months, 3 weeks ago

Smartphone maker Xiaomi unveils its first electric vehicle

Live Mint  

Chinese smartphone maker Xiaomi unveiled its first electric vehicle on Thursday and announced that it aims to become one of the world's top five automakers. In 2021, Beijing-based Xiaomi, the world's fourth-largest smartphone manufacturer, announced its plans to enter the electric vehicle space—a fiercely competitive sector. Some of the sedan’s interesting features include a range of up to 800 kilometres …

Tesla in Troubled Waters: Elon Musk’s EV company is struggling to sell its cars in China
1 year, 2 months ago

Tesla in Troubled Waters: Elon Musk’s EV company is struggling to sell its cars in China

Firstpost  

Elon Musk’s Tesla is struggling in China, the world’s largest EV market despite starting a price war that tried to undercut other local players. In September, the Beijing-headquartered premium EV maker delivered 36,060 vehicles, marking a 3.3 per cent increase from the previous month and an impressive 212.7 per cent year-on-year growth. During the third quarter, Li Auto shipped 105,108 …

China Thrashes Europe: Chinese EV makers dominate Munich Auto Show, EU car majors worried
1 year, 3 months ago

China Thrashes Europe: Chinese EV makers dominate Munich Auto Show, EU car majors worried

Firstpost  

Chinese EV makers are thrashing their European counterparts, very badly. At the ongoing Munich Auto Show, or IAA, Chinese EV makers are showcasing that even their budget EV offerings are far more capable and luxurious than most EVs that EU-based legacy car companies have to offer At the ongoing Munich International Motor Show, also known as the IAA mobility show, …

Mahindra EV arm's valuation rises by 15% as Temasek becomes new investor
1 year, 4 months ago

Mahindra EV arm's valuation rises by 15% as Temasek becomes new investor

India Today  

Homegrown auto major Mahindra & Mahindra today announced that it has signed a binding agreement with Temasek under which the Singapore-based global investment firm will pump in Rs 1,200 crore in Mahindra Electric Automobile Ltd, the XUV700-maker's passenger electric vehicle subsidiary, raising its valuation by 15%. However, with the fresh investment from Temasek, MEAL's valuation has increased by 15% to …

China bags major EV contract worth $5.6 billion as Saudi Arabia looks to adopt EVs
1 year, 6 months ago

China bags major EV contract worth $5.6 billion as Saudi Arabia looks to adopt EVs

Firstpost  

In a big boost to the Chinese EV industry, The Ministry of Investment in Saudi Arabia has entered into a partnership with Human Horizons, a prominent Chinese EV maker, and signed a $5.6 billion agreement. China will be a big part of Saudi Arabia’s EV adoption The Ministry of Investment in Saudi Arabia has recently entered into a significant partnership …

1 in Every 7 Cars Sold Now an EV, China's BYD Leaves Behind Tesla
1 year, 6 months ago

1 in Every 7 Cars Sold Now an EV, China's BYD Leaves Behind Tesla

News 18  

One in every 7 cars sold during the first quarter this year was an electric vehicle, dominated by China’s BYD at 21.1 percent market share while Tesla was at second spot, with 16 percent share, a report showed on Wednesday. “Tesla slashed prices for its models globally in January, following which other automotive brands announced similar cuts for their car …

Once mistaking it for a joke, Elon Musk now fears THIS Chinese EV maker
1 year, 6 months ago

Once mistaking it for a joke, Elon Musk now fears THIS Chinese EV maker

Firstpost  

Elon Musk’s Tesla has emerged as the best selling EV car brand in the world. However, Musk fears one Chinese EV company, which, he once believed was a joke Elon Musk’s Tesla was the best-selling EV car brand of 2022, beating out legends such as Toyota and Honda, two brands that have ruled the numbers game in traditional ICE cars, …

Chinese new energy vehicle makers rev up global reach
1 year, 7 months ago

Chinese new energy vehicle makers rev up global reach

China Daily  

BYD showcases the Seal sedan at the 2023 Shanghai auto show in April. SAIC Motor, China's largest carmaker by sales, said last week that it has started construction of a new energy industrial park in Thailand. SAIC said the park, located in Chonburi province and covering 120,000 square meters, is expected to focus on the localized production of key auto …

Tesla delivers 88,869 China-made EVs in March: Report
1 year, 8 months ago

Tesla delivers 88,869 China-made EVs in March: Report

Hindustan Times  

Tesla sold 88,869 units of China-made electric vehicles in March for both domestic sales and exports, up 35.0% from a year ago, data published by the China Passenger Car Association showed on Tuesday. By comparison, BYD sold 206,089 units last month with its Dynasty and Ocean series of EVs and hybrids, up 97.5% from a year ago, CPCA data showed. …

Tata Motors likely to raise $1 billion to bolster EV business: Report
1 year, 10 months ago

Tata Motors likely to raise $1 billion to bolster EV business: Report

Live Mint  

Tata Motors is reportedly planning to raise $1 billion to strengthen its electric vehicle business in the country. In 2021, Tata Motors raised $1 billion from TPG and Abu Dhabi state holding company ADQ for its EV unit at a $9 billion valuation, pledging to invest more than $2 billion in its EV business over five years. Aligned towards its …

India’s electric vehicle market grew 223% in 2022
1 year, 10 months ago

India’s electric vehicle market grew 223% in 2022

The Hindu  

India’s electric vehicle market grew 223% in 2022, adding around 48,000 EVs, according to market analyst firm Canalys. “The overall sentiment around the auto industry remained strong in India during 2022, propelled by pent-up demand and rising consumer buying power,” said Ashwin Amberkar, Canalys Automotive Analyst. Hyundai, placed second in the Indian car market after Maruti, has already launched its …

Indian EV startup Zypp Electric raises $25 million in Gogoro-led round
1 year, 10 months ago

Indian EV startup Zypp Electric raises $25 million in Gogoro-led round

Live Mint  

Zypp Electric said on Wednesday it has raised $25 million in a series B funding round led by Taiwanese battery-swapping service provider Gogoro Inc, as the Indian electric vehicle startup looks to expand to new cities and boost its fleet size. The funding round marks Gogoro's latest effort to expand in India, where EVs are receiving mainstream push, having partnered …

Developing nations aren’t ready for EVs—unless they are made in China
1 year, 11 months ago

Developing nations aren’t ready for EVs—unless they are made in China

Live Mint  

When Wimonsiri Boonyopakorn‘s husband moved to Bangkok for work earlier this year, the 35-year-old schoolteacher decided to buy a car so she could make the 160-mile trip to visit him on weekends. With government subsidies, Chinese EVs are emerging as price leaders in Southeast Asian nationswhere Japanese companies like Toyota Motor Corp. and Isuzu Motors Ltd. have long controlled most …

Discover Related