Red Sea Crisis is Disrupting the Electric-Car Industry
Automotive giants Tesla and Volvo have announced pauses to the production of their electric vehicles (EVs) in Europe. Electric vehicles are seeing record sales and demand worldwide, but a lack of parts means that factories cannot sustain their production. The…
Chinese Officials to Rein in Nation’s EV Industry
China is cutting expansion in its electric vehicle sector, officials saying there isn’t enough external consumer demand and they will take, quote, “forceful measures” to stop construction of EV projects. To break this down for us, we have Yahoo Finance…
Global Auto Market to Grow Modestly as China Leads EV Adoption
The global automotive market is projected to grow modestly this year, with a 1.6 percent increase to 84.12 million units signaling a tempered post-pandemic recovery, as global carmakers are looking to adopt strategies from Chinese carmakers to spur mass adoption…
BYD’s First Chartered Vessel Sets Sail with 5,000 EVs for Europe
BYD’s first chartered vehicle vessel has set sail from China’s southern city of Shenzhen, carrying more than 5,000 electric vehicles to Europe, state media Xinhua reported on Tuesday. Chinese automakers including BYD, Chery Automobile and SAIC Motor have been placing…
CATL Moves to Improve its Battery Tech in Chinese EVs
Contemporary Amperex Technology Co. Limited (CATL) aims to improve battery technology in Chinese vehicles and increase cell production in China. Recently, the Chinese battery supplier announced plans for its first plant in Beijing to supply Li Auto and Xiaomi’s electric…
Chinese Auto Exports up 64% with Strong Push by EVs
China’s auto exports surged 63.7 per cent in 2023, while domestic sales, boosted by year-end incentives, rose 4.2 per cent, an industry association has said. The surge in exports, to 4.1 million according to the China Association of Automobile Manufacturers,…
Ora Good Cat EV Becomes First Chinese Brand to be Assembled in Thailand
Investment in EV production in Thailand has continued to expand, with the Board of Investment (BOI) having approved 23 EV projects from 16 companies. By 2030, electric vehicles are projected to account for 30% of the total vehicle production in…
RUBIO EFFORT TO BLOCK CHINESE-MADE EV CHARGERS PASSES HOUSE
The U.S. House of Representatives passed a joint resolution, led by U.S. Senator Marco Rubio (R-FL), to overturn the Biden Administration’s rule that would harm American industry by waiving Buy America requirements for Electric Vehicle (EV) charging stations. American companies…
EU’s Anti-subsidy EV Probe Prompts Retaliation From China
The European Commission’s anti-subsidy probe into electric vehicle (EV) imports from China prompted a retaliation from the Chinese government. The Chinese government launched a trade probe into luxury liquor producers from Europe. Fortune states that Beijing’s probe targets liquor producers…
Islamabad Orders Electric Buses From China
Higer itself provides very little information about the buses’ drive systems in the press release. A combination of a powerful motor and a “high-quality” battery is installed. The range is given as more than 250 kilometres. The vehicles themselves appear…
