EV Update Media – Electric Vehicles and Battery Industry News & Updates

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China

Chinese EV Maker Xpeng Debuts Most Advanced Semi-Autonomous Driving System To Rival Tesla

Chinese electric carmaker Xpeng on Monday revealed its most advanced semi-autonomous driving system as it looks to boost appeal for its vehicles amid rising competition. Xpeng took the wraps off XNGP, its latest advanced driver-assistance system, or ADAS. The software…

ABB E-mobility Increases Majority Stake in Chinese EV Charging Provider Chargedot

ABB had previously acquired a 67 percent stake in Chargedot in March 2020. The additional investment is part of ABB E-mobility’s growth strategy and further strengthens ABB’s position in the rapidly growing Chinese e-mobility market. Financial terms of the transaction…

Batteries|Key Factor for Tomorrow’s EVs

GM’s EV Day announced their Ultium EV platform that they are planning to use for their future EVs, and they revealed much of their upcoming battery plans. But Tesla, VW, Ford and others are also quickly scaling up battery production…

Tesla Apologized Profusely For The Fuss, Claiming Coronavirus Delayed The Availability Of The Latest Chip

Tesla stirred up a hornet’s nest in China by promising customers their Model 3 cars built in Shanghai would come with the company’s version 3 self-driving computer chip but then delivering cars that have only the last-generation version 2.5 chip…

Will Trump’s Duties On China-Made Rechargeable Batteries Cause Drones, Phones, Toys and Electric Cars To Run Out Of Power?

American manufacturers of rechargeable electronic devices will be scrambling with a dilemma starting Monday: pass a 15 per cent import duty on China-made batteries to customers, or find alternative sources from China to power their smartphones, drones, or electric vehicles….

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…

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…

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…

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…

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…