Why Tesla Prices In China Will Eventually Come Down
The trade war is taking a toll on almost all businesses across sectors and geographies. US automakers, including Tesla (TSLA), are one such sector—and they’re feeling twice the heat due to slowing demand in the US and China and uncertainty…
Volvo’s Polestar Opens Factory In China To Export To Europe, US
Volvo Cars’ performance electric car brand, Polestar, has opened a factory in western China to produce a gasoline-electric hybrid for export to Europe and the United States. Polestar CEO Thomas Ingenlath said Tuesday exports of the two-door, carbon fiber Polestar…
China Announces Tariff Hike On $75 Billion Of US Products
China on Friday announced tariff hikes on $75 billion of U.S. products in retaliation for President Donald Trump’s latest planned increase, deepening a conflict over trade and technology that threatens to tip a weakening global economy into recession. China also…
Electric Car Gold Rush: The Auto Industry Charges Into China
In a drab industrial zone of western Shanghai, amid factories that each year crank out hundreds of thousands of gasoline-powered cars, transmissions, and engines, the world’s largest automaker is racing to finish a new sort of plant, one that will…
Chevy Menlo EV Details Leaked: Here’s What We Know About The All-Electric Vehicle
Chevy’s Menlo EV, which is designated for the Chinese market, has been revealed in leaked photos by the country’s automotive press. The Menlo EV is not scheduled to be unveiled until September, where it will appear at the 2019 Chengdu…
Volvo Has Dramatically Increased Its Global Sales
In China alone, the Swedish brand have recorded a demand growth of 25%. In the first seven months of 2019 world Volvo sales jumped by 7.3% and amounted to almost 400 thousand units of cars. About it reports a press-service…
China’s CMOC Seeks Opportunities To Beef Up Battery Metals Business
Fresh from closing a $518 million acquisition, metals firm China Molybdenum Co (CMOC) remains open to deals that would boost business in the booming electric vehicle (EV) battery sector, the company’s chief executive said on Friday. Cobalt, copper, nickel and…
Volvo Is Using Blockchain to Source Conflict-Free Cobalt For Its Electric Cars
Automaker Volvo Cars, owned by Chinese automotive group Geely, has produced electric cars with cobalt mapped on a blockchain, Reuters reports on Aug. 2. Blockchain used to combat child labor Per the report, Volvo also joined a project to monitor cobalt from…
Chinese State Media Questions Whether There Is Any Point Continuing Negotiations After Donald Trump’s ‘Destructive’ Tariff Threat
Chinese state media has expressed pessimism about whether trade talks with the United States should continue after Donald Trump threatened new tariffs within days of negotiations resuming last week. Senior officials also hit back at the US president’s accusation that…
Nio Ties With Razer To Roll Out Tailored EVs For E-sports Lovers
Chinese electric vehicle maker Nio has kicked off cooperations with Razer, one of the world’s leaders in high-performance gaming hardware and systems, Nio announced in a press release. As the first fruit of their partnership, a customized version of the Nio…
