Global Electric Bus Market to Grow by USD 68.5bn Over the Next Decade
The global electric bus market is valued at an estimated USD 21.3 billion in 2024 and is projected to reach USD 68.5 billion by 2034, growing at a CAGR of 12.4%. The electric bus market has witnessed remarkable growth in…
Global EV Sales up 35% in October, Propelled by China
Global sales of fully electric and plug-in hybrid vehicles increased 35% in October compared to the same month in 2023, driven by a 54% hike in sales in China, according to market research firm Rho Motion. However, it was a…
EHang Announces US$22M PIPE Investment from Strategic Investors
EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading Urban Air Mobility (“UAM”) technology platform company, today announced a strategic investment totaling over US$22 million. The investors are Zhuhai Enpower Electric Co., Ltd. (“Enpower”, SZ300681), a Chinese…
Chinese-made Electric Buses Showcasing Iconic Landscapes run Across Malta
Three Chinese-made electric buses, each adorned with vibrant images of iconic Chinese landscapes and cultural heritage sites, began operating across Malta on Saturday. The buses showcase renowned Chinese landmarks, including the Great Wall and the Summer Palace in Beijing, scenes…
Xpeng Says P7+ gets 31,528 Orders 3 Hours after Launch
Xpeng’s (NYSE: XPEV) new flagship sedan, the P7+, appears to be getting good initial acceptance, with the Chinese electric vehicle (EV) maker sharing strong order figures. The P7+ had received 31,528 firm orders, breaking records for all other models in…
Sterling Tools Partners with GLVAC to Boost EV Component Manufacturing in India
Sterling Tools Limited, through its subsidiary Sterling Tech-Mobility Limited, has joined forces with China-based Kunshan GLVAC Yuantong New Energy Technology Co., Ltd. (GLVAC YT) to enhance the manufacturing of High Voltage Direct Current (HVDC) contactors and relays in India. This…
Audi Unveils New EV brand in China without Four Ring Logo
SHANGHAI (Reuters) – Audi on Thursday unveiled a new electric vehicle brand in China whose cars will sport just the name AUDI and not its signature four-ring logo, a move aimed at attracting younger customers in the world’s largest auto…
GAC launches Aion V in Europe
Chinese car manufacturer GAC has announced that it will launch its Aion V electric SUV, which is already available in China, in Europe next year. In the coming years, GAC plans to bring further core models to Europe, including an…
Global EV sales up 30.5% in September as China shines, Europe recovers
Global sales of fully electric and plug-in hybrid vehicles rose by an annual 30.5 per cent in September, as China surpassed its record numbers recorded in August and Europe resumed growth, market research firm Rho Motion said on Tuesday. Gains…
A Pioneer Move for Electric Commercial Vehicles: Garrett and SinoTruk sign Letter of Intent to Bring Leading High-speed Electrified Powertrain to E-trucks
Garrett Motion Inc. (NYSE: GTX) and China National Heavy Duty Truck Group Co., Ltd. (SinoTruk) signed a Letter of Intent (LoI) to enhance cooperation in advanced technologies for electric commercial vehicles, aiming to jointly develop leading next-generation E-powertrain for application…
