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…
China’s BYD and US EV Rival Tesla Gain Favour with Norway’s US$1.5 Trillion Wealth Fund
Norway’s US$1.5 trillion wealth fund boosted its holdings in Tesla and Chinese electric vehicle leader BYD in 2023 as the companies scaled up production of plug-in cars. Tesla moved up to the fund’s 11th biggest holding at the end of…
Anglo American to Partner with GEM on Electric Vehicle Battery Technologies
Anglo American announces the launch of a research and development project in collaboration with GEM, one of China’s largest battery and battery material recyclers, to explore new and more efficient technologies for the use of existing and alternative raw materials…
TOYOTA SLAMS ELECTRIC CARS, SAYS THEY’LL NEVER CATCH ON
Trickle Charge With the sales of electric cars starting to slow down towards the end of 2023, carmakers have been dialing back their once-optimistic projections. General Motors and Honda, for instance, scrapped plans to work on affordable EVs together back…
Elon Musk Says Chinese Electric Car Brands Could ‘demolish’ Rivals as Tesla Earnings Fall
Tesla became the most valuable automaker in the world promising unmatched sales growth. But in the face of growing EV sales by rival brands, Tesla Wednesday backed off its former bullish sales targets. Tesla has been cutting prices for more…
China Says EU’s ‘unfair’ EV Subsidies Probe Risks Damaging Ties
China’s ambassador to the EU, Fu Cong, criticized the EU’s probe into Chinese electric vehicle manufacturers, calling it unfair. Cong emphasized China’s cooperation with the investigation to avoid trade measures. He pointed out that the EU also subsidizes its own…
Yue 01 EV in China is Cheaper Than Our 660cc Alto
With the advent of electric cars, companies that have never manufactured an automobile before are venturing into EVs, at least in China. The latest example is Yue 01 EV launched by a third-wave Chinese automaker called EV House. The company…
Red Sea Crisis is Disrupting the Electric-Car Industry
Automotive giants Tesla and Volvo have announced pauses to the production of their electric vehicles (EVs) in Europe. Electric vehicles are seeing record sales and demand worldwide, but a lack of parts means that factories cannot sustain their production. The…
