China EV Sales Defy Subsidy Cuts, Maintain Strong Growth in Q1 2023
China’s passenger electric vehicle* (EV) sales grew 29% YoY in Q1 2023, according to the latest research from Counterpoint’s China Passenger Electric Vehicle Model Sales Tracker. Battery EVs (BEVs) made up nearly 70% of the sales. There was a remarkable 88% YoY surge in plug-in hybrid EV (PHEV) sales…
Sino-German Cooperation To Boost New Energy Vehicle Sector
German and Chinese carmakers are optimistic about more exchanges and cooperation as the two countries are forging closer relations in the automotive industry. BMW, Mercedes-Benz and Volkswagen signed letters of intent with China’s National Development and Reform Commission in Berlin…
White House EV Investment Push Especially Benefits One Region
The U.S. Department of Energy is driving full speed ahead into the electric vehicle future. It’s providing a $9.2 billion low-interest loan to automaker Ford and its South Korean partner, SK On, to build three EV battery factories: two in Kentucky, one in Tennessee. The…
Hyundai’s Plans For EVs, Restructuring In China
Hyundai Motor, the No. 3 global automaker by sales with its affiliate Kia Corp , outlined plans on Tuesday for a deepened push into battery development, steps to cut the cost of new electric vehicles and a restructuring of its China operations. Here…
Polestar (PSNY) Forms Software Alliance To Develop Its Own In-Car OS For China
Polestar’s (and Volvo’s) parent company Geely bought a majority stake (79.9%) in Meizu, a Chinese electronics company, last year as the company looked to expand its digital platform offerings. Meizu was once one of China’s most popular smartphone makers and known as…
Ford Chairman Says US Can’t Yet Compete Against China With EVs
Ford Motor Co Executive Chairman Bill Ford Jr said the US is “not quite yet ready” to compete with China in the production of electric vehicles and said his company is taking an “all hands on deck” approach to prepare. …
Foxconn Plans To Pivot From IPhones To EVs Amid Rising US-China Tensions
When people hear the name Foxconn, they often think of factories in mainland China producing US-designed iPhones. However, as tensions between the two countries become increasingly volatile, the company is plotting a course to manufacture electric vehicles in facilities outside…
Audi Chief Sets Sights on China in Electric Car Catch-up
Audi has to speed up development of new models to meet a surge in demand for electric vehicles, especially in China, the German luxury carmaker’s CEO said in an interview with Reuters published on Thursday. “We are in the process…
China’s Luxury EV Maker HiPhi Unveils Interior Images of HiPhi Y SUV
HiPhi, the Chinese luxury electric vehicle brand owned by Human Horizons, revealed the official interior design images of its third model, the HiPhi Y. According to the images newly released, the HiPhi Y’s interior design retains the architectural concept of…
Philippines Says China’s Yadea To Invest $1 Billion In EV Battery Plant
China’s Yadea Group Holdings, one of the world’s biggest electric two-wheeled vehicle makers, plans to invest about $1 billion in a battery factory in the Philippines, the country’s investment promotions agency chief said on Thursday. Yadea is one of a…
