EV Update Media – Electric Vehicles and Battery Industry News & Updates

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China

China

China’s Luxury EV Automaker Zeekr Opens Orders For Customers In Sweden

Global electric mobility technology brand Zeekr is taking orders from customers in Sweden and the Netherlands for two new EVs, the Zeekr 001 luxury Shooting Brake and Zeekr X urban compact luxury SUV.  Already an immediate success story in their…

Tesla China On Track To Hit Record Q2 Sales Even As Market Share Shrinks Amid Heated Rivalry

TSLA is gearing up to report its global second-quarter deliveries this weekend. Pointers are toward a record performance, with the electric vehicle maker’s key China market likely seeing marked strength.  What Happened: Tesla’s second-quarter China sales may have increased 13% quarter-over-quarter to 155,000 units,…

Nio Energy And CNOOC Sign Agreement Improving Electric Vehicle Charging

Nio Energy and China National Offshore Oil Refining Company (CNOOC Refining) have signed a strategic cooperation framework agreement on Tuesday in Anhui province, eyeing to jointly build the electric vehicle charging and battery swapping infrastructure in the country.  The initiative…

BYD India partners Bajaj Fin For Dealer Finance

Chinese electric vehicle maker BYD’s subsidiary BYD India has signed an initial pact with Bajaj Finance for access to finance to its dealers and customers in the country, the company said on Wednesday. The strategic partnership aims to provide comprehensive…

China EV Sales Defy Subsidy Cuts, Maintain Strong Growth in Q1 2023

China’s passenger electric vehicle* (EV) sales grew 29% YoY in Q1 2023, according to the latest research from Counterpoint’s China Passenger Electric Vehicle Model Sales Tracker. Battery EVs (BEVs) made up nearly 70% of the sales. There was a remarkable 88% YoY surge in plug-in hybrid EV (PHEV) sales…

Sino-German Cooperation To Boost New Energy Vehicle Sector

German and Chinese carmakers are optimistic about more exchanges and cooperation as the two countries are forging closer relations in the automotive industry. BMW, Mercedes-Benz and Volkswagen signed letters of intent with China’s National Development and Reform Commission in Berlin…

White House EV Investment Push Especially Benefits One Region

The U.S. Department of Energy is driving full speed ahead into the electric vehicle future.  It’s providing a $9.2 billion low-interest loan to automaker Ford and its South Korean partner, SK On, to build three EV battery factories: two in Kentucky, one in Tennessee. The…

China Extends Tax Breaks For New Energy Vehicles Until 2027

China extended tax breaks for consumers buying clean cars through 2027, estimated to be worth 520 billion yuan (US$72bil or RM335bil) in the coming four years, in an effort to bolster its flagging electric vehicle (EV) industry.  The move, announced…

Hyundai’s Plans For EVs, Restructuring In China

Hyundai Motor, the No. 3 global automaker by sales with its affiliate Kia Corp , outlined plans on Tuesday for a deepened push into battery development, steps to cut the cost of new electric vehicles and a restructuring of its China operations. Here…

Buick Launches Another Compelling Ultium-Based EV In China For Under $30K, Still ICE Only In The US

After launching its first Ultium-based EV in China, the Electra E5, just two months ago, Buick is pushing forward with a new purely electric SUV.  The new Buick E4 electric SUV adopts the brand’s latest design language, “Pure Design,” represented in…