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…
GM Cuts Lyriq EV Price In China By 14% After VW Discounts
General Motors Co on Monday cut the starting price of the Cadillac Lyric in China by about 14%, joining Volkswagen in a new round of electric vehicle price cuts in a market where Global automakers are under pressure. The Lyric,…
‘Chinese Storm’ Looming Over Europe’s EV Sector, Renault Chairman Warns
A “Chinese storm” is looming over Europe’s growing electric vehicle (EV) sector, Renault Chairman Jean-Dominique Senard told Reuters on Saturday, as Asia’s superpower dominates key raw materials to make batteries for zero emission cars. China’s recent decision to restrict exports…
Li Auto, Guangzhou And Geely Trump Legacy Automakers In China EV Market
In a significant shift in China’s electric vehicle (EV) market, traditional automakers are being outpaced by local EV manufacturers, The Wall Street Journal reports. Traditional automakers are also feeling the pressure to adapt their strategies to the burgeoning EV market. Approximately one…
Chinese EVs Charged Up To Threaten U.S., European Automakers On Home Turfs
Chinese electric car companies are growing, and they’re preparing to challenge legacy automakers in the United States and Europe on their home turfs. The growth bid by such Chinese EV players as BYD Co. Ltd. is shaping conversations among policymakers…
China’s WeRide Secures Self-Driving Vehicle License From UAE
The United Arab Emirates has given Chinese autonomous driving company WeRide the first national license for self-driving vehicles. The permit allows WeRide to test its Level 4 autonomous vehicles on public roads throughout the country. Level 4 is a designation…
EVs Power The Market Higher, US-China Diplomatic Green Shoots Sprout
Asian equities had a strong start to the month as growth stocks and sectors outperformed. Hong Kong and Mainland China benefitted from news that Janet Yellen will visit China this week as green shoots in US-China relations continue to sprout,…
