SK Group Boss Blames U.S.-China Tensions For EV Battery Prices
South Korean billionaire Chey Tae-won said geopolitical tensions between the U.S. and China have kept prices for electric car batteries higher for longer as his conglomerate looks to reduce its reliance on the world’s second-largest economy. “Due to the geopolitics…
Tesla’s Sales Of China-Made EVs Slumped In September
Tesla (TSLA) shares lost ground on Monday after the China Passenger Car Association (CPCA) reported the EV maker sold 74,073 China-made EVs in September, down 10.9% from a year ago. The drop from August was 12%.That followed record-setting deliveries of…
BMW Says EU Subsidy Probe Into China-made EVs Could Do More Harm Than Good
The European Union’s investigation into subsidies for China-made electric vehicles (EV) exported to Europe could do more harm than good, BMW’s chief financial officer said on Friday, warning of a potentially big backlash from Beijing. Walter Mertl said he did…
Chinese EV Startup Pai Mobility Presents TS3 Electric Scooter
China is undeniably one of the leaders when it comes to electric vehicle innovation, spanning the domains of cars and motorcycles. This is evident in the continuous influx of new electric vehicles hitting the market, a trend that shows no…
Nissan’s Sales Woes In China Worsen As Slow EV Shift Proves Costly
Japan’s hesitancy toward EVs is taking its toll on automakers in China. Nissan’s sales are plummeting after failing to keep up with EV leaders like Tesla and BYD. Slow EV transition is costing Nissan in China Nissan is struggling to…
BYD Inches Closer to Global EV Dominance As Tesla Sales Dip
Tesla is not done cutting prices in order to remain competitive in the cutthroat Chinese EV market as it just lowered the Model Y tag by the equivalent of US$1,900 there, and continued a Model 3 insurance incentive for next…
Decrease in Chinese Demand For Electric Vehicles Impacts Lithium Stocks
Shares of lithium stocks are experiencing a downward trend as concerns arise regarding a decrease in Chinese demand for electric vehicles. The price of lithium has been steadily decreasing since the latter part of last year, and this decline has…
Olaf Scholz Dismisses Fears Of Ev Trade War With China
German chancellor Olaf Scholz played down fears of a potential trade war triggered by the EU’s anti-subsidy investigation into Chinese electric vehicles, while making a strong case for globalised markets with a level playing field for all participants. In his first…
Hyundai And Kia Slash Electric Vehicle Prices Amid Intensifying Ev Price War In Home Market
In an “EV Sale Fiesta,” Hyundai and Kia plan to cut prices on several electric vehicles amid an ongoing price war in Korea. The planned EV price cuts will run until the end of the year. “We plan to prepare various discount…
Ford Halts Work On $3.5b Ev Battery Factory With China’s Catl
Ford confirmed Monday it has immediately stopped work at a $3.5 billion factory in Michigan that was supposed to make cheaper lithium iron phosphate batteries using tech from China’s CATL. “We’re pausing work and limiting spending on construction on the Marshall project…
