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 carmaker will have eight BEVs on sale in the U.S. by 2029. Multiple Kia models will be produced at the Hyundai Motor Group's EV plant in Georgia. Kia will also soon start building the EV9 in the U.S. Kia believes it has a significant advantage over rivals in the electric vehicle race and can bring affordable models to the market quicker than many others. The South Korean marque currently has three EVs in its U.S. portfolio and that number will grow to eight by 2029. Two of Kia’s most...
NEW YORK -- Tesla CEO Elon Musk told employees on Monday that the electric
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...
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...
Auto China kicks off next week and German brands are looking to make a splash. Audi will introduce an assortment of models including the new Q6L e-tron. The electric crossover will be joined by the facelifted BMW i4 as well as the new Mini Aceman. Audi is gearing up to unveil a handful of new models at Auto China later this month. Among them is the all-new Q6L e-tron, which will be unveiled on April 24 during Volkswagen Group Night. The company is keeping details under wraps, but they released a...
China already has enough battery manufacturing capacity to supply all global EV production, according to Bloomberg New Energy Finance. BNEF estimates to global battery-cell demand for both EVs and energy storage came in at around 950 gigawatt-hours in 2023—but manufacturing capacity was more than twice that, at around 2,600 gigawatt-hours
Chinese smartphone company Xiaomi aims to sell at least 10,000 pure electric cars a month, for more than 100,000 deliveries this year, said CEO Lei Jun.
As the EV competition in China intensifies, Honda looks forward to snatching the driver's seat with BYD, following the announcement about the upcoming "Ye" electric cars.
EV brand Zeekr is selling more cars than Tesla in parts of China, and plans to expand in Europe and Latin America this year, Zeekr CEO Andy An told CNBC.
The ITV programme will return for its 17th series in a double weekend extravaganza on Saturday