Electric Vehicles, Hybrids form 50% of China’s Vehicle Sales
Half of all vehicles sold in China in July were either new pure electric vehicles (EV) or plug-in hybrids, industry data showed, a milestone that underscores how far the world’s biggest auto market has leapt ahead of Western counterparts in…
Ford CEO Says Biggest Rival Is China
Ford CEO Jim Farley says China is its biggest competitor in the electric vehicle market as it looks to compete with the likes of BYD, Geely, SAIC Motor, and Great Wall Motor. At the recent Morgan Stanley Sustainable Finance Summit conference,…
China Electric Farm Tractors Market Trends
China’s electric farm tractor market is still in its early stages of development, but there are signs of growth and potential for future expansion. The electric farm tractor market in China is forecasted to grow at a CAGR of 11%…
China, the world’s largest car market, is now a major automobile producer and exporter as well. The Asian giant’s EV edge is thanks to its push for clean energy technology, including in the transportation sector. “Having recognized the potential of electric vehicles 15…
Tesla Raises EV Prices Globally, With The Biggest Increase In China
Tesla has raised prices in its most important electric vehicle markets, including China and the United States, reversing a series of recent price cuts that have pushed the company’s profit margin to the lowest since 2020 and sparked a price war. The US car…
Hunter Biden’s Firm Helped China Gain Control Of Electric-Car Mineral
Hunter Biden’s investment firm helped broker a 2016 deal that gave a Chinese state-backed company control of a massive African mine rich in cobalt — a mineral essential for the production of electric car batteries. The deal, first reported by…
China July Aluminium Output Hits Record High
China’s monthly aluminium output rose to a record high in July, official data showed on Friday, as the longest rally in domestic prices in more than a decade prompted smelters to restart production and launch new capacity. The world’s top producer…
Kandi Technologies Actively Explores Possibility Of Establishing Electric Vehicle Manufacturing Facility In North America
Kandi Technologies Group, Inc. announced it is actively exploring the possibility of opening a manufacturing base in North America for its popular electric vehicles (“EV”) and off-road vehicles. Kandi plans to more aggressively target the fast-growing North America market and…
German Luxury Carmaker To Take Stake In Chinese Battery Cell Maker Farasis
Daimler AG (commonly known and referred to as Mercedes) is to take a 3 per cent stake in Farasis, the Chinese battery cell maker, as the German carmaker ramps up its electric vehicle production. The Stuttgart-based company said it would…
Chinese Electric Buses Roll Out Across Latin America
If 2019 was a watershed year for Chinese electric buses in Latin America, in 2020 they became mainstream. Latin American countries are moving towards cleaner public transport in their most populated cities. In the process, they have overcome existing entry…
