China’s Suffering EV Insurers
In China it costs about the same to insure an EV as it does to insure an ICE auto that is twice as expensive, reports the Nikkei.This reflects the fact that EV owners are about twice as likely to file…
Ford CEO Open to Working With Rivals to Compete With China
Ford Chief Executive Jim Farley said on Thursday the automaker is reworking its electric vehicle strategy to compete with Chinese rivals, and opened the door to collaboration with other automakers to cut EV battery costs. BYD and other low-cost Chinese…
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…
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,…
Tesla Recalls Over 1.6 Million EVs Exported to China to Fix Automatic Steering, Door Latch Glitches
Tesla is recalling more than 1.6 million Model S, X, 3 and Y electric vehicles exported to China for problems with their automatic assisted steering and door latch controls. China’s State Administration for Market Regulation announced the recall on Friday….
Eaton’s Heavy-duty Four-speed EV Transmission Receives Prestigious Award from top China-based Automotive Publication
Intelligent power management company Eaton today announced it has received the “2023 Top 100 Players of China’s New Automotive Supply Chain” award for its heavy-duty four-speed electric vehicle (EV) transmission from leading China-based automotive publication, Gasgoo. Eaton representatives accepted the…
China EV Maker Nio to Spin off its Battery Production Unit
Chinese electric vehicle maker Nio plans to spin off its battery manufacturing unit, according to two people with knowledge of the matter, as part of the efforts by the company to turn profitable, reduce costs and improve efficiency. The nascent…
China’s Electric Bus Revolution Glides On
On a rainy afternoon in Shenzhen, damp passengers jostle their way onto the megacity’s buses, the quiet foot soldiers of an electric revolution for coal-guzzling China’s public transport network. Shenzhen ditched diesel buses and went fully electric in 2017 —…
EVs With Chinese Parts won’t Qualify for the full $7,500 tax Credit from 2024
The US government has released guidance that will make it harder for EVs to qualify for the full $7,500 tax credit if their batteries contain Chinese components or minerals. New guidance for EV tax credits A couple of days ago,…
Chinese EV Maker Xpeng’s Operating Loss Widens on Production Ramp-up Costs
China’s Xpeng posted a wider-than-expected quarterly operating loss on Wednesday due to costs stemming from a production ramp-up, sending the U.S.-listed shares of the electric-vehicle maker down more than 3%. Smaller Chinese EV makers such as Xpeng and Nio are…
