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China

Tesla China Opens Superchargers for SAIC General Motors

Tesla China is opening select Superchargers in the country for electric vehicles manufactured by SAIC General Motors. This was the company’s first such collaboration in China with the local manufacturer. SAIC General Motors announced Friday that it is entering into…

Startup Li Auto is beating Tesla China’s EV sales

Chinese startup Li Auto sold more cars than Tesla’s China business did in October, according to the China Passenger Car Association. The startup sold a record 40,422 cars in October, far more than Tesla did at 28,626, association data showed…

Chipmaker ADI to Boost NEV Growth in China

Analog Devices, Inc, a chipmaker based in the United States, is stepping up efforts to explore deeper into the Chinese vehicle market as the automotive industry is shifting fast towards electrification. Xu Zhibin, general manager for Automotive, Communications, and Consumer…

Hyundai to Develop Own Cheaper Batteries for EVs

Hyundai Motor Group is expected to develop its own price-competitive lithium iron phosphate, or LFP, batteries for electric vehicles late next year to reduce dependence on China-made batteries, industry sources said Monday. According to media reports, under the two-year joint…

Tesla (TSLA) to build $25k EV at Giga Berlin

Tesla (NASDAQ: TSLA) CEO, Elon Musk visited the company’s gigafactory in Berlin Friday where the multi-billionaire gave an update on the plant’s aesthetic design and outlined the manufacturing strategy for a forthcoming affordable $25,000 electric vehicle aimed at the mass…

KG Mobility Partners with China’s BYD to Manufacture Electric Vehicle Battery Packs in South Korea

KG Mobility is set to build a battery pack manufacturing plant in South Korea, leveraging the technology of BYD, China’s largest electric vehicle manufacturer. On Nov. 1, KG Mobility announced that it had signed a “Battery Pack Factory Construction and…

China to Invest $2.8 Billion in Zimbabwe in Lithium

Chinese companies were awarded licenses in the third quarter that could see $2.79 billion of investment flow into Zimbabwe, mostly in mining and energy as the government pushes to develop some of Africa’s biggest lithium deposits and end power outages….

China EV Maker BYD Reports Record Quarterly Profit of $1.42 bln in Q3

China EV maker BYD reports record quarterly profit of $1.42 bln in Q3 Reuters / UPDATED: OCT 30, 2023, 19:12 ISTB YD logged 22.12% in third-quarter gross profit margin, compared with 18.73% in the second quarter, according to Reuters’ analysis…

Norsk Hydro Warns Flood of Chinese Electric Vehicles Threatens Dluminium Demand in Europe

A major European aluminium producer has warned that the increasing numbers of imported electric cars from China could have a big impact on regional demand. Hilde Merete Aasheim, chief executive of Norsk Hydro, said the company was paying attention to…

Cake Electric Motorcycles To Be Served In Chinese Market In 2024

Swedish e-mobility specialist Cake has a wide selection of electric two-wheelers that encompass different disciplines of riding. On the one hand, it has a fun-loving electric off-roader called the Kalk, and on the other hand, it has utility-focused machines such…