Tesla shares sank 3%, while China's Li Auto hit an 11-month low after both companies slashed prices of their electric vehicles in China.
China's EV Dominance Could Hinder Manufactures to Obtain Biden's EV Subsidy Scheme, Warns South Korea
China Is Winning Big On Smaller EVs Smaller is betterat least in the world of building EVs for the Asian market. And while less scrupulous publications might take this opportunity to make stereotypical jokes about height, we'll do no such thing and instead will simply report that according to the IEA's Global Electric Vehicle Outlook 2024, released Tuesday, China dominated the EV market in 2023. In fact, it made up 60% of global sales, according to a new report from Reuters. The...
The Chinese government’s suppression of civil liberties in Hong Kong hit new heights in March with the unanimous passage of sweeping national security legislation by Read More
The automaker will slowly discontinue the use of the letter 'i' on gas-powered cars and SUVs
The People's Bank of China (PBoC) announced on Monday it will keep its one-year loan prime rate (LPR) unchanged at 3.45%. Additionally, the bank's five-year loan prime rate remained at 3.95%,
Behind the Red Bull front row (and the team's 100th Formula 1 pole
Prime Minister Justin Trudeau says his Liberal government will do everything it can to make sure most jobs linked to electric vehicle projects in Canada will stay locally.
China's blistering roll-out of solar capacity slowed as grids struggled to
China's state planner expects an intensified price war among automakers of electric cars and plug-in hybrids this year because of overhanging supply, among other issues, the government body said in a statement on Monday. The National Development and Reform Commission (NDRC) expected more than 110 new energy vehicle models among a total of 150 new cars launched this year, intensifying competition. NDRC also estimated the market demand for new energy vehicles, including EVs and plug-in hybrids, to...
China's blistering roll-out of solar capacity slowed as grids struggled to
The U.S.-China rivalry has a new flashpoint in the battle for technology supremacy: electric cars. So far, the U.S. is losing. Last year, China became the world’s foremost auto exporter, according to the China Passenger Car Assn., surpassing Japan with more than 5 million sales overseas. New energy vehicles accounted for about 25% of those exports, and more than half of those were created by Chinese brands, a shift from the traditional assembly role China has played for foreign automakers. “The...