Auto Giants Launch wave of Affordable EVs, Challenging China’s Dominance
At this week’s Paris Motor Show, a number of Europe’s largest automakers debuted affordable electric vehicles (EVs) in an attempt to boost a decline in demand and reclaim some of the market share currently occupied by Chinese companies. The biennial…
Chinese Carmaker GAC Looks at Making EVs in Europe as Tariffs loom
Chinese state-owned carmaker GAC is exploring the manufacture of EVs in Europe to avoid EU tariffs, the general manager of its international business told Reuters on Sunday, joining a growing list of Chinese companies planning local production. The company is…
Snubbed by Tesla, Mexican Government Pledges to Create its Own Small, Affordable Electric Car
Snubbed by Tesla TSLA-Q, Mexico’s new president pledged Friday to create a Mexican-made small, affordable electric car to compete with vehicles imported from China. President Claudia Sheinbaum said Teslas were too “onerous,” or expensive, for the Mexican market anyway. Tesla’s…
Zeekr Makes Foray into Brazil with Launch of Zeekr 001
Zeekr (NYSE: ZK) has entered the Brazilian automotive market, further expanding its international footprint. The premium electric vehicle (EV) subsidiary of the Geely Holding Group launched the Zeekr 001 shooting brake in Sao Paulo on October 10 as its first…
ZEEKR Expands European Presence by Launching in Norway, Beginning with Two EV models
Chinese EV brand ZEEKR continues to expand its global presence by sharing plans to launch in another European market – Norway. The initial rollout will consist of two of ZEEKR’s flagship models, which will become available to Norwegian customers very…
Nio and CYVN Holdings Drive EV Innovation in Abu Dhabi Debut
Chinese electric vehicle (EV) maker NIO is making its Middle East debut through a partnership with CYVN Holdings. The new joint venture, NIO MENA, will bring NIO’s electric vehicles to the region, marking a significant step in the company’s global…
EU tariffs on Chinese EVs are Part of an ‘economic cold war,’ Hungary’s Orbán says
The European Union risks entering an “economic cold war” with China, Hungary’s prime minister said on Friday, pledging to vote against an EU plan to impose higher tariffs on the import of Chinese electric vehicles. EU countries are set to…
Chinese EV Maker Nio Surges on $1.9 Billion Investment
Nio’s (NIO) U.S.-listed shares surged in early trading Monday, after the Chinese electric vehicle maker announced a new investment over the weekend. A group of Chinese investors agreed to acquire newly issued shares of Nio China for a combined 3.3…
Toyota bZ3C Leaked as new Prius-lookalike electric SUV in China
A new Toyota electric crossover SUV is about to hit the world’s largest EV market. The Toyota bZ3C leaked in China on Friday, showing a familiar look. The new electric crossover SUV was developed with China’s leading EV maker, BYD….
China Launches WTO Complaint Against Canada Over EV, Aluminum and Steel Tariffs
China launched a complaint against Canada at the World Trade Organization on Friday over recently announced tariffs on Chinese electric vehicles, aluminum and steel. The Ministry of Commerce announcement of the filing came after a promise earlier this week it…
