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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,…

Tesla China On Track To Hit Record Q2 Sales Even As Market Share Shrinks Amid Heated Rivalry

TSLA is gearing up to report its global second-quarter deliveries this weekend. Pointers are toward a record performance, with the electric vehicle maker’s key China market likely seeing marked strength.  What Happened: Tesla’s second-quarter China sales may have increased 13% quarter-over-quarter to 155,000 units,…

Electric Two-Wheeler Sales Set To Crash By Over 60 Percent In June 2023

The Ministry of Heavy Industries’ recent reduction of the FAME-II subsidy is severely impacting India’s electric two-wheeler growth. The number is likely to plummet back to the modest sales numbers of June 2022 – 40,000 to 45,000 units – according to industry analysts…

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…

EV Public Charging Network Market Attractive Growth Proposition Seen in 2023

The EV Public Charging Network market research report is proficient and top to bottom research by specialists on the current state of the industry. This statistical surveying report gives the most up to date industry information and industry future patterns,…

China Extends Tax Breaks For New Energy Vehicles Until 2027

China extended tax breaks for consumers buying clean cars through 2027, estimated to be worth 520 billion yuan (US$72bil or RM335bil) in the coming four years, in an effort to bolster its flagging electric vehicle (EV) industry.  The move, announced…

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…

EV Industry Wants Removal Of GST Anomalies: SUN Mobility’s Maini

The Goods and Service Tax Council needs to remove the existing discrepancies for electric vehicles and their components, SUN Mobility’s co-founder Chetan Maini said. In an interview with DH’s Anjali Jain, Maini, who had founded India’s first electric car maker Reva (which was later…

Copper And Silver Components In Electric Vehicle Demand Is Projected To Increase At A 15.1% CAGR Between 2023 And 2031

The global copper and silver components in electric vehicles is likely to reach $9.3 billion by 2031. By 2031, market projections suggest the global market will grow by 15.1% CAGR. More than 20 million electric vehicle charging points are expected to…

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. …