China To Be centre Of Mercedes-Benz 2025 EV Sales Drive, Automobilwoche Says
Mercedes-Benz is making China, the world’s top auto market, central to its next electric vehicle (EV) campaign starting in 2025, its CEO told German magazine Automobilwoche. “To do this, we must master electric propulsion just as perfectly as digitalisation. That’s…
India Blocks $1 Billion Bid By China’s BYD to Set Up EV Factory
India rejected Chinese carmaker BYD Co.’s proposal to build a $1 billion electric-vehicle plant in partnership with a local company, according to people with knowledge of the matter. The Indian government dismissed the plan from BYD and Hyderabad-based Megha Engineering…
Toyota Recalls 12,000+ EVs Developed With Warren Buffett-backed BYD In China
BYD, the China electric vehicle and battery leader backed by Warren Buffett’s Berkshire Hathaway, said on Sunday sales of new energy vehicles nearly doubled in June from a year earlier to 253,046 from 134,036 a year earlier, underscoring the popularity…
Olectra Greentech’s Partnership With BYD Motors And Megha Engineering in India Rejected
Olectra Greentech, a unit of MEIL, has been working with Chinese electric vehicle giant BYD Motors to develop electric buses. However, the Indian government has rejected a plan by BYD Motors and Megha Engineering and Infrastructures Ltd (MEIL) to set…
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…
