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 leaders such as Volkswagen AG, while homegrown champion BYD Co., the top brand within China, overtook Tesla Inc. as the world’s largest EV maker in the fourth quarter of 2023. China’s consumers are going electric in large numbers: fully electric vehicles accounted for a quarter of all new passenger car sales there in 2023, compared with 15.7% of sales in Europe. Chinese smartphone makers Xiaomi Corp. was set to release its long-awaited EV in March, while Huawei Technologies Co.’s Aito model was the best selling EV among new entrants to the field in both January and February.

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History of this topic

Xiaomi's stocks jumped a record 103%, latest push powered by its latest EV ventures
1 week, 3 days ago

Xiaomi's stocks jumped a record 103%, latest push powered by its latest EV ventures

Firstpost  

The company’s rapid success in the EV market mirrors its meteoric rise in the smartphone industry. Now, the company’s EV business is following a similar trajectory China’s EV market, the largest globally, is expected to see sales surpass 11 million units this year. From smartphones to EVs: A winning formula The company’s rapid success in the EV market mirrors its …

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 …

Building Apple products has become a side hustle for China’s biggest EV maker
3 weeks ago

Building Apple products has become a side hustle for China’s biggest EV maker

Live Mint  

Apple products say on the box “assembled in China," leaving the mystery of who did the assembling. BYD, known globally as Tesla’s most formidable EV competitor, has a second business manufacturing electronics, and it has grown to assemble more than 30% of Apple’s tablets, according to industry executives and analysts. Cook said on Chinese social media that BYD was among …

Nation poised to hold more than half of global EV fleet by 2025
3 weeks, 4 days ago

Nation poised to hold more than half of global EV fleet by 2025

China Daily  

By Liu Yukun | China Daily | Updated: 2024-11-29 08:59 Potential car buyers check out an NEV in Xiangyang, Hubei province. YANG DONG/FOR CHINA DAILY International consulting firm Gartner recently forecast that global electric vehicle ownership would rise significantly to hit 85 million by 2025, with China accounting for over half of the global EV fleet. Experts highlight that as …

BYD prepares to go for the kill in Chinese EV market, leaked letter shows plans to intensify price war
3 weeks, 4 days ago

BYD prepares to go for the kill in Chinese EV market, leaked letter shows plans to intensify price war

Firstpost  

BYD’s aggressive pricing strategy appears to be paying off — the Chinese EV maker recently overtook Tesla in revenue for the first time, reporting a gross margin of 21.9 per cent, its highest in a year Unlike some of its rivals, BYD has not only weathered the price war but emerged stronger. The leaked email highlights BYD’s readiness to further …

Phone Maker Xiaomi Made the Car That Apple Couldn’t
54 years, 11 months ago

Phone Maker Xiaomi Made the Car That Apple Couldn’t

Wired  

You more than likely know Xiaomi, so-called Apple of China, as a maker of smartphones that offer a decent alternative to Samsung. Ford CEO Jim Farley recently admitted to driving a Xiaomi car in the US, and after six months he didn’t want to give it back. That is an industry juggernaut, and a consumer brand that is much stronger …

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 …

Xiaomi surges demand to raise EV delivery goals once again: Report
1 month ago

Xiaomi surges demand to raise EV delivery goals once again: Report

India TV News  

Xiaomi has raised its electric vehicle delivery target for the third time this year, now aiming for 130,000 units. In October they grew by 56.7 per cent from the prior year, marking the fourth consecutive month battery-powered autos including plug-ins outsold gasoline cars in the country. AUTO BUSINESS STILL OPERATING AT A LOSS Revenue was 92.5 billion yuan for the …

Audi unveils new EV brand in China without 4-ring logo
1 month, 2 weeks ago

Audi unveils new EV brand in China without 4-ring logo

India TV News  

Audi, the renowned German car brand, has introduced a new electric vehicle brand in China, dropping its iconic four-ring logo and using only the name "AUDI" to appeal to younger buyers in the world's largest auto market. In partnership with Chinese automaker SAIC, Audi plans to launch its first car from the new brand by the summer of next year, …

How electric car sales have slumped around the world
1 month, 3 weeks ago

How electric car sales have slumped around the world

Daily Mail  

Electric vehicles have been touted as an environmentally-friendly solution to the climate crisis, giving passengers a smooth, emissions-free ride. Meanwhile, Chinese car manufacturer BYD – the world's largest seller of electric vehicles – saw global EV sales crash earlier this year. Electric vehicles run on energy from a charged battery much like a smartphone but come with hefty pricetags – …

Chinese Tech Giants Dominate the Electric Vehicle Market
1 month, 3 weeks ago

Chinese Tech Giants Dominate the Electric Vehicle Market

Live Mint  

Chinese tech giants are making a big push into the electric vehicle (EV) market, with several companies like Baidu, Huawei, Xiaomi, and Apple investing heavily in the industry. These tech firms have been able to leverage their expertise in software, AI, and automation to create smart and efficient EVs that are often more advanced than their Western counterparts. However, the …

Chinese carmakers sell fewest EVs in Europe since February 2023
2 months, 3 weeks ago

Chinese carmakers sell fewest EVs in Europe since February 2023

Hindustan Times  

Chinese manufacturers sold the fewest electric cars in 18 months to customers across Europe, with registrations falling by nearly half in August from a year earlier. MG, the British nameplate that’s now part of SAIC Motor Corp., lost its top spot across Europe to Chinese rival BYD Co., according to Jato Dynamics, which also tracks the automotive market. Uncertainty tied …

Allow natural growth of India's e-vehicle sector to avoid becoming 'EV colony' for China: GTRI
3 months, 2 weeks ago

Allow natural growth of India's e-vehicle sector to avoid becoming 'EV colony' for China: GTRI

The Hindu  

The government should allow the domestic electric vehicle sector to grow naturally without relying on incentives as it would avoid India becoming an 'EV colony' for China, think tank GTRI said on Friday. By allowing market forces to steer the sector's growth, India can avoid becoming an 'EV colony' for China and carve out its own path in the global …

Chinese EV giant BYD posts 24.4% rise in profit
3 months, 3 weeks ago

Chinese EV giant BYD posts 24.4% rise in profit

Hindustan Times  

Leading Chinese automaker BYD posted on Wednesday a 24.4 percent rise in net profit for the first half of 2024, boosted by continuing strong demand for electric cars in its home and overseas markets. Chinese EV giant BYD posts 24.4% rise in profit The company posted a net profit of $1.91 billion in the January-June period, up from $1.54 billion …

Chinese electric cars will be dumped in Britain, experts warn
4 months, 1 week ago

Chinese electric cars will be dumped in Britain, experts warn

The Telegraph  

Chinese electric cars will be funnelled towards Britain as manufacturers seek to avoid punishing European Union tariffs, analysis predicts. However, the analysis said Chinese brands see Britain as a particularly attractive market for right-hand drive cars because of tough policies such as the zero emission vehicle mandate, which compels car makers to sell rising proportions of EVs. “The UK is …

Uber, China’s BYD, form partnership to deploy 100,000 EVs in EU and Latin America
4 months, 3 weeks ago

Uber, China’s BYD, form partnership to deploy 100,000 EVs in EU and Latin America

Associated Press  

BANGKOK — The ride sharing giant Uber and Chinese automaker BYD plan a partnership to introduce 100,000 BYD model EVs on the Uber platform in Europe and Latin America, eventually expanding to other markets, the companies announced. The arrangement would offer Uber drivers access to favorable pricing, insurance, financing and other services for BYD vehicles, the companies said in a …

Tariff hike fears drive Chinese EV sales
4 months, 3 weeks ago

Tariff hike fears drive Chinese EV sales

China Daily  

BYD's electric models attract visitors at a new energy auto expo in Beijing. The surge in Chinese electric vehicle sales across Europe in June was mainly driven by looming tariff threats, newly released data reveal. According to analytics company Dataforce, Chinese carmakers captured a record 11 percent of the European EV market in June. In early July, the EU announced …

Tariff hike fears drive Chinese EV sales
4 months, 3 weeks ago

Tariff hike fears drive Chinese EV sales

China Daily  

By JULIAN SHEA in London | China Daily Global | Updated: 2024-08-01 09:30 BYD's electric models attract visitors at a new energy auto expo in Beijing. The surge in Chinese electric vehicle sales across Europe in June was mainly driven by looming tariff threats, newly released data reveal. According to analytics company Dataforce, Chinese carmakers captured a record 11 percent …

Xiaomi purchases $116 million site in Beijing to expand EV production
4 months, 3 weeks ago

Xiaomi purchases $116 million site in Beijing to expand EV production

Hindustan Times  

Chinese tech company Xiaomi Corp. has purchased a plot of land in Beijing for 842 million yuan to expand electric car production following the early success of its debut sedan. The land was bought by Xiaomi subsidiary Xiaomi Jingxi Technology Ltd. and will be used for the “development of the high-end automobile and new energy intelligent vehicle industry,” the filing …

The way forward for investments in the EV space | Explained
5 months, 1 week ago

The way forward for investments in the EV space | Explained

The Hindu  

The story so far: According to media reports, the government is looking to expand the scope of its electric vehicle policy, announced in March, to include a retrospective effect. The policy announced in March aimed to provide Indian consumers with access to the latest technology and strengthen the EV ecosystem by encouraging healthy competition among EV players by attaining higher …

Rough road ahead for U.S. EVs despite upbeat quarterly sales
5 months, 2 weeks ago

Rough road ahead for U.S. EVs despite upbeat quarterly sales

The Hindu  

Better-than-expected U.S. electric-vehicle sales in the second quarter brought relief to investors after a sharp slowdown in demand triggered by high interest rates, but EV makers still face obstacles ahead. EV sales globally are expected to rise to 16.6 million vehicles annually, from 13.7 million in 2023, according to the International Energy Agency, with China’s growth outpacing other regions. Tesla …

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 EV sector continues to lead world's green transition
5 months, 3 weeks ago

China's EV sector continues to lead world's green transition

China Daily  

Visitors gather at the booth of BearingPoint during the sixth China International Import Expo in Shanghai in November, 2023. China's fast-growing electric vehicle sector will continue to lead the world's green transition and create enormous growth opportunities for upstream and downstream industries in both home and global markets in the years ahead, said foreign business executives. "This is evident in …

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 …

Chinese electric cars flood Australian market, benefiting consumers but raising concerns
6 months, 1 week ago

Chinese electric cars flood Australian market, benefiting consumers but raising concerns

ABC  

Quietly zipping around the streets of Canberra, Awadhesh Prasad's red SUV cuts a striking figure against the dappled autumn light and golden leaves. "About 15 years ago, when nobody else was doing anything about batteries, China saw the opportunity," said Kwangyin Liu, a journalist at Taiwan's Commonwealth Magazine who specialises in cars, climate change and energy. " "And these factors …

SOEs set roadmap for rapid transformation
6 months, 2 weeks ago

SOEs set roadmap for rapid transformation

China Daily  

Workers operate at a production line of SAIC-GM-Wuling in Liuzhou, Guangxi Zhuang autonomous region, in May. With China's EV industry developing advantages of scale after more than a decade of growth, State-owned automakers, such as China FAW Group, Dongfeng Motor Corp, Guangzhou Automobile Group and Beijing Automotive Group, are reinforcing their positions in the fuel-powered vehicle market while aggressively expanding …

SOEs set roadmap for rapid transformation
6 months, 2 weeks ago

SOEs set roadmap for rapid transformation

China Daily  

Workers operate at a production line of SAIC-GM-Wuling in Liuzhou, Guangxi Zhuang autonomous region, in May. With China's EV industry developing advantages of scale after more than a decade of growth, State-owned automakers, such as China FAW Group, Dongfeng Motor Corp, Guangzhou Automobile Group and Beijing Automotive Group, are reinforcing their positions in the fuel-powered vehicle market while aggressively expanding …

Collaboration urged as EV market contest heats up
6 months, 2 weeks ago

Collaboration urged as EV market contest heats up

China Daily  

Leapmotor's 3.0 architecture attracts onlookers at the 2024 Guangdong-Hong Kong-Macao International Auto show in Shenzhen, Guangdong province, on June 1, 2024. At the 2024 Man Machine Mobility conference in Shenzhen, Guangdong province, on Saturday, Xiaomi Auto CEO Lei Jun advocated for an open and cooperative ecosystem, encouraging industry-wide sharing and collaboration. Yu Chengdong, chairman of Huawei's intelligent automotive solutions business …

While the US and EU are putting up barriers to Chinese cars, Australians are buying them at record levels
6 months, 3 weeks ago

While the US and EU are putting up barriers to Chinese cars, Australians are buying them at record levels

ABC  

Australia's roads have long been dominated by the auto giants of Japan, Germany and the United States but China is fast earning its spot in the garage of glory. Marina Zhang, from the University of Technology Sydney's Australia-China Relations Institute, said while "substantial industrial policies and financial subsidies" had helped its EV industry mature, China also had several competitive advantages. …

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 …

Cellphone maker Xiaomi has EV market buzzing
7 months ago

Cellphone maker Xiaomi has EV market buzzing

China Daily  

Visitors look at a Mercedes-Benz at the 2024 Beijing International Automotive Exhibition in April. CHINA DAILY As the newest Chinese electric vehicle maker, Xiaomi Corp has generated a buzz rarely seen in the history of the country's automotive sector, with both huge excitement and some controversy. The model is the first vehicle from any big phone manufacturer — Apple has …

Cellphone maker Xiaomi has EV market buzzing
7 months ago

Cellphone maker Xiaomi has EV market buzzing

China Daily  

Visitors look at a Mercedes-Benz at the 2024 Beijing International Automotive Exhibition in April. CHINA DAILY As the newest Chinese electric vehicle maker, Xiaomi Corp has generated a buzz rarely seen in the history of the country's automotive sector, with both huge excitement and some controversy. The model is the first vehicle from any big phone manufacturer — Apple has …

Cellphone maker Xiaomi has EV market buzzing
7 months ago

Cellphone maker Xiaomi has EV market buzzing

China Daily  

Robotic arms working on a production line of Chinese NEV startup Li Auto in Changzhou, Jiangsu province, on Jan 10. CHINA DAILY Boasting sales New entrants to the electric vehicle sector often compare their products to established brands to grab the attention of car buyers. In April, when Li Auto launched the L6, a smaller SUV, Li stated it "beats …

Cellphone maker Xiaomi has EV market buzzing
7 months ago

Cellphone maker Xiaomi has EV market buzzing

China Daily  

Visitors look at a Mercedes-Benz at the 2024 Beijing International Automotive Exhibition in April. CHINA DAILY As the newest Chinese electric vehicle maker, Xiaomi Corp has generated a buzz rarely seen in the history of the country's automotive sector, with both huge excitement and some controversy. The model is the first vehicle from any big phone manufacturer — Apple has …

Cellphone maker Xiaomi has EV market buzzing
7 months ago

Cellphone maker Xiaomi has EV market buzzing

China Daily  

Visitors look at a Mercedes-Benz at the 2024 Beijing International Automotive Exhibition in April. CHINA DAILY As the newest Chinese electric vehicle maker, Xiaomi Corp has generated a buzz rarely seen in the history of the country's automotive sector, with both huge excitement and some controversy. The model is the first vehicle from any big phone manufacturer — Apple has …

Ways to sharpen EV sector's competitive edge
7 months ago

Ways to sharpen EV sector's competitive edge

China Daily  

Employees work on the assembly line of a new energy vehicle manufacturer in Chongqing. However, some Western politicians and media have been hyping China's "overcapacity" in the EV sector, which is nothing but a ploy to use trade protectionist policies to overprotect their industries and contain China's industrial development. According to China Association of Automobile Manufacturers data, in 2023, China's …

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 …

US hidden agenda in EV sector unmasked
7 months, 1 week ago

US hidden agenda in EV sector unmasked

China Daily  

Employees work at the assembly line of Xiaomi SU7 electric sedans in Beijing in March. HE GUANXIN/FOR CHINA DAILY China's electric vehicle industry has come under intense scrutiny, with the United States and the European Union deciding to launch investigations into Chinese-made EVs to determine whether they pose a threat to national security. The US claims that China's EV sector …

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 …

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. …

Tesla faces strong self-driving rivals in China
7 months, 2 weeks ago

Tesla faces strong self-driving rivals in China

Live Mint  

Beijing’s tentative backing for Tesla’s “Full Self-Driving" technology kicked off the sharpest one-day percentage gain the stock had seen in more than three years. The availability of FSD would also help Tesla to sell cars against a plethora of rivals in China launching newer and cheaper models. Newer and more premium car models in China typically have some type of …

If you’re thinking of snapping up a cheap new Chinese electric car there is something you should know…
7 months, 2 weeks ago

If you’re thinking of snapping up a cheap new Chinese electric car there is something you should know…

The Independent  

If you’re thinking of buying an electric car in the near future, you may well be tempted away from the Fords, Vauxhalls and VWs of this world by a cheaper, unknown brand from one of hundreds of electric vehicle start-ups coming out of China. open image in gallery BYD is responsible for producing the world's first purpose-built fully electric double-deck …

Tech firms eye big footprint in vrooming NEV sector
7 months, 3 weeks ago

Tech firms eye big footprint in vrooming NEV sector

China Daily  

Employees work at the assembly line of Xiaomi SU7 electric sedans in Beijing in March. HE GUANXIN/FOR CHINA DAILY Chinese technology companies are foraying into the new energy vehicle industry, believing that the smart driving functions of electric vehicles will be key to winning market competitions over the next decade. From supplying autonomous driving systems to developing cars, tech companies …

Tech firms eye big footprint in vrooming NEV sector
7 months, 3 weeks ago

Tech firms eye big footprint in vrooming NEV sector

China Daily  

Employees work at the assembly line of Xiaomi SU7 electric sedans in Beijing in March. HE GUANXIN/FOR CHINA DAILY Chinese technology companies are foraying into the new energy vehicle industry, believing that the smart driving functions of electric vehicles will be key to winning market competitions over the next decade. From supplying autonomous driving systems to developing cars, tech companies …

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 …

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 …

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