Audi And SAIC Join EV Development
Audi and Shanghai Automotive Industry Corporation (SAIC) have agreed to co-operate on electric vehicle development in a move aimed at strengthening their respective positions in the Chinese car market, according to a statement made by the Chinese state-owned car maker…
Tesla And Chinese Car Manufacturing Clock Massive Milestone
Tesla’s Shanghai GigaFactory in China has confirmed that its 1,000,000th Model Y rolled off the production line earlier this month – a milestone that only took some 30 months to complete. Launched in the US several years ago and in right-hand drive…
Overcapacity In China’s EV Battery Industry To Reach Four Times Demand By 2025
China’s electric vehicle (EV) battery industry will face severe overcapacity in the next two years, which could lead to the closure of many small players, according to analysts. Chinese battery manufacturers, which number close to 50, will be able to…
China’s Denza to Add New Models in Global Expansion
Denza, the Chinese brand operated jointly by BYD and Mercedes-Benz, reaffirms its global expansion plans with the confirmation of five more new production models at the unveiling of its T8 SUV. Established in 2010, the Shenzhen, China-based company plans to…
$1 Billion Factory In India, Sodium-Ion Batteries In China
Tesla announced it plans to construct a manufacturing plant in India which will produce a car that sells for under $25,000. And why not? India is the largest country in the world by population and has the fourth largest new car market….
Tesla Luxury Rival Cadillac Unveils a Cheaper Electric Vehicle
The luxury automobile market in the US is led by the electric vehicle industry’s overall production and delivery leader Tesla (TSLA) – Get Free Report, after the Austin, Texas, automaker overtook the 2021 No. 1 luxury seller BMW to become as the top luxury car…
BYD Plans $1 bln India EV Investment
Reuters sources say the world’s biggest maker of EVs and hybrids has submitted a $1 billion investment proposal to regulators. They say it wants to build electric cars and batteries there. That would be in conjunction with local firm Megha…
Nio Leads the Way in Solid-State Batteries For Electric Vehicles
Chinese automaker Nio has become the first electric vehicle (EV) manufacturer to bring solid-state batteries to the mass market, announcing that its new ES6 SUV will be equipped with this advanced battery technology. The Rise of Solid-State Batteries Solid-state batteries…
Audi In Talks To Buy Chinese Automaker SAIC’s EV Platform
Germany’s Audi is in talks with SAIC Motor Corp to buy an electric vehicle platform from the Chinese state-owned automaker, two people familiar with the matter said, an unprecedented effort to shore up market share. The move, coming as sales…
GM Drops Cadillac Lyriq Prices In China Following VW’s ID.3 Offer
General Motors is slashing the prices of its Cadillac Lyriq by almost 14% amid heightening competition in China’s EV market. The move comes days after Volkswagen introduced a “historical low price” offer on its ID.3 electric car. According to the company’s website…
