China To Be centre Of Mercedes-Benz 2025 EV Sales Drive, Automobilwoche Says
Mercedes-Benz is making China, the world’s top auto market, central to its next electric vehicle (EV) campaign starting in 2025, its CEO told German magazine Automobilwoche. “To do this, we must master electric propulsion just as perfectly as digitalisation. That’s…
GM Drops Cadillac Lyriq Prices In China Following VW’s ID.3 Offer
General Motors is slashing the prices of its Cadillac Lyriq by almost 14% amid heightening competition in China’s EV market. The move comes days after Volkswagen introduced a “historical low price” offer on its ID.3 electric car. According to the company’s website…
Tesla Offers New China Rebate As Price Cuts Rock EV Market
Tesla on Friday offered a new incentive to boost electric vehicle sales in China as it notified some workers making battery packs at its Shanghai complex of layoffs, according to a company announcement and a worker who had received the…
Li Auto, Guangzhou And Geely Trump Legacy Automakers In China EV Market
In a significant shift in China’s electric vehicle (EV) market, traditional automakers are being outpaced by local EV manufacturers, The Wall Street Journal reports. Traditional automakers are also feeling the pressure to adapt their strategies to the burgeoning EV market. Approximately one…
EVs Power The Market Higher, US-China Diplomatic Green Shoots Sprout
Asian equities had a strong start to the month as growth stocks and sectors outperformed. Hong Kong and Mainland China benefitted from news that Janet Yellen will visit China this week as green shoots in US-China relations continue to sprout,…
ZF To Continue Localizing R&D In China
German auto parts and technology supplier ZF on Thursday unveiled its new e-mobility solutions and said it would continue to adapt its research and development activity to the needs of the Chinese market. Speaking at its annual Global Technology Day…
XPENG Launches G6 Ultra Smart Coupe SUV In China
XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today announced the official launch of its G6 Ultra Smart Coupe SUV, the Company’s inaugural model based on its next-generation…
China’s Luxury EV Automaker Zeekr Opens Orders For Customers In Sweden
Global electric mobility technology brand Zeekr is taking orders from customers in Sweden and the Netherlands for two new EVs, the Zeekr 001 luxury Shooting Brake and Zeekr X urban compact luxury SUV. Already an immediate success story in their…
Nio Energy And CNOOC Sign Agreement Improving Electric Vehicle Charging
Nio Energy and China National Offshore Oil Refining Company (CNOOC Refining) have signed a strategic cooperation framework agreement on Tuesday in Anhui province, eyeing to jointly build the electric vehicle charging and battery swapping infrastructure in the country. The initiative…
BYD India partners Bajaj Fin For Dealer Finance
Chinese electric vehicle maker BYD’s subsidiary BYD India has signed an initial pact with Bajaj Finance for access to finance to its dealers and customers in the country, the company said on Wednesday. The strategic partnership aims to provide comprehensive…
