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China

BYD Unveils $233,450 EV to rival Ferrari, Lamborghini

BYD Co debuted its most expensive car on Sunday, a 1.68 million yuan ($233,450) high-performance fully-electric supercar pitted against gas-guzzling options offered by rivals such as Ferrari NV and Lamborghini. The Yangwang U9 will initially be for the China market,…

Ford CEO Open to Working With Rivals to Compete With China

Ford Chief Executive Jim Farley said on Thursday the automaker is reworking its electric vehicle strategy to compete with Chinese rivals, and opened the door to collaboration with other automakers to cut EV battery costs. BYD and other low-cost Chinese…

Europe Moves to End Reliance on China EVs With €4.4bn Factory Plans

Two of Europe’s largest car makers Stellantis and Mercedes-Benz have raised about €4.4 billion to set up three new electric vehicle (EV) gigafactories across the European Union (EU) in the coming years. The companies said in a press release on…

Global EV Sales Up 69% y/y in Jan

Global electric vehicle sales jumped 69% in January from a year earlier but were down 26% from December, reflecting subsidy cuts or tighter rules in Germany and France and seasonally weaker sales in China. Sales of fully-electric cars, or battery…

U Power Announces Market Validation Phase of Shared Battery Swapping Solution for Two- and Four-wheeled EVs

U Power Limited (Nasdaq: UCAR) (the “Company” or “U Power”), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced that their shared battery swapping solution designed for both…

BorgWarner Strengthens eMotor Business With XPeng

BorgWarner has begun eMotor rotor and stator production for XPeng Motors, a leading Chinese Smart EV company. The product will be used on the X9 MPV as well as XPeng’s next electric B-class sedan, with start of production planned for…

Ford’s Developing A Cheap EV Platform To Fend Off Tesla And Chinese EVs

A small team within Ford has spent the last two years developing a low-cost platform for smaller electric vehicles, CEO Jim Farley said on Tuesday. “We made a bet in silence two years ago,” Farley told investors during the company’s…

Evergrande EV Unit Suspends Talks with Dubai’s NWTN on Redrafting Deal

China Evergrande New Energy Vehicle (0708.HK), opens new tab (NEV) said on Friday it has suspended negotiations on amendments to the terms of a HK$3.89-billion ($497.42 million) share subscription agreement with Dubai-based mobility firm NWTN (NWTN.O), opens new tab. In…

Kaixin Auto Holdings Announces Partnership with DeepBlue AI Technology to Develop AI EVs

Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), a leading new energy vehicle manufacturer and sales platform in China, today announced that it has reached strategic cooperation intention with DeepBlue Artificial Intelligence Technology Company (“DeepBlue AI Technology”). Both have…

PwC Analysis Shows German Electric Vehicles Gaining Momentum in China

According to an analysis by consulting firm PwC, German car manufacturers have made up ground on the world’s electric car markets. In China, their largest sales market, they sold 49% more e-cars last year than in the previous year, growing…