Rubio Says No Tax Credits For Electric Vehicles With Chinese Parts
For at least the next six years, electric vehicles made with battery components manufactured or assembled in China would be eligible for a $7,500 tax credit under the Democrats’ $749 billion climate and tax bill. To prevent U.S. taxpayer dollars…
China’s BYD Expands EV Deliveries To Germany And Sweden
One of China’s largest auto manufacturers, BYD (Build Your Dreams), recently announced plans to continue its rapid global expansion of electric vehicle deliveries. BYD Auto is considered by many to be one of Tesla’s biggest rivals, and the company isn’t…
Meet the V.MO – Volkswagen Group China Unveils State-Of-The-Art Passenger Drone Prototype
Volkswagen Group China today unveiled its first electric Vertical Take-Off and Landing (eVTOL) passenger drone prototype, as part of its strategy to explore and break new ground in fully electric and sustainable individual mobility concepts. In 2020, Volkswagen Group China…
Silk-FAW Confirms Plan To Build Electric Sports Cars In Italy
Silk-FAW, a start-up of U.S. automotive engineering and design firm Silk EV and Chinese automaker FAW (000800.SZ), said on Monday it would press ahead with a plan, worth over one billion euros ($1.02 billion), to build electrified cars in Italy….
XIAOMI Is All Set To Unveil The Prototype Of Its First EV Car In China By End Of August
Xiaomi launched its first electric vehicle, an electric scooter in 2016. The scooter looked like one of those push-scooters that most of us played with as children, and was called the Xiaomi M365 or Mi Electric Scooter. Now, after almost…
AUTOS Nio Reports Wider First-Quarter Loss As Covid Shutdowns In China Hamper Deliveries
Chinese electric-vehicle maker Nio lost $281.2 million in the first quarter, wider than the $68.8 million it lost a year ago, as it scrambled to keep pace with intense demand amid China’s recent Covid-related shutdowns. Here are other key numbers…
BYD’s Luxury Brand Denza To Release Three More Models This Year: CEO
Denza, a luxury auto brand majority-owned by China’s BYD, said on Monday that it plans to introduce three new electric vehicle models this year as part of its bid to seize market share, Chinese media reported, citing BYD’s chairman Wang…
Kaixin Auto Holdings Announces Order Of 10,000 Electric Trucks
Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) announces today that it has signed a sales order for 10,000 electric trucks with Beijing Shencheng Biotechnology Group Limited (“Shencheng”). Shencheng will be ordering 10,000 electric trucks with a total value…
BorgWarner To Provide eMotors For Leading EV Brand In China
BorgWarner, a global leader in delivering innovative and sustainable mobility solutions for the vehicle market, has been selected to provide high-voltage hairpin (HVH) eMotors for a leading electric vehicle brand in China. The eMotors will be used in the company’s…
Tesla Giga Shanghai Expected To Reach 90,000 Monthly Production Rate
Tesla’s Giga Shanghai is expected to reach 90,000 monthly production rate after its upcoming expansion according to a report shared on Twitter. @Umbisam shared a screenshot of a statement by Cui Dongshu, the Secretary-General of the NCPA (national passenger car…
