New investments in the United States and Europe aim to challenge China’s stranglehold on a key ingredient used in most electric vehicle batteries – graphite – but industry experts said that will be an uphill battle. The focus is shifting to a new front: Synthetic graphite, an element developed in the late 19th century, but
BYD’s Atto 3. John Keeble/Getty Images The European Commission president has announced an “anti-subsidy investigation” into Chinese EVs. Ursula von der Leyen said the EU’s market was being distorted by “huge state subsidies.” BYD’s Atto 3 became Sweden’s bestselling EV in July, per Bloomberg. The EU is launching an “anti-subsidy investigation” into Chinese electric vehicles, Ursula von
Kandi has been selling off-road machinery in the United States for quite some time, generating occasional talk about building affordable EVs here in recent years. Yes, Kandi-badged golf karts, dirt bikes, dune buggies, karts and other non-highway-legal machines have been commonplace in North America for decades… but today’s Kandi-built Junkyard Gem is a something a
As wild as it initially sounded, the rumor claiming Volvo would enter the minivan segment for the first time was true. The company published a preview image to give us an early look at the model, which is called EM90 and will seemingly be sold exclusively on the Chinese market. The picture was shot from
Tesla (TSLA) stock slipped on Monday as the automaker once again cut prices in China, signaling demand erosion for its EVs on the mainland. As first reported by Reuters, Tesla announced it had cut the price of its Model Y Long Range SUV and Performance version by 14,000 yuan ($1,935), with the Long Range version’s
BYD Co Ltd Chairman and President Wang Chuanfu (Reuters) A patriotic call by China’s best-selling automaker to band the industry together and “demolish the old legends” of the global market has gone viral, drawing both raves and a rebuke from a rival. BYD used an event this week to mark a production milestone to celebrate
Axed from the American market after the 2020 model year, the Buick Regal lives on in China. It’s selling well enough across the Pacific for the General Motors-owned brand to justify investing in a round of updates that includes a new-look exterior design and more interior tech. Chinese buyers only have access to the sedan
Volkswagen said on Friday its Group deliveries increased 12.8% year-on-year from January to June, registering growth in every region except China, which saw a 1.2% drop in total deliveries and a 1.6% drop in battery-electric cars. The fall was partly due to particularly high sales in the same month last year after the government extended
Chinese auto brands are on track to account for just over 50% of the cars sold in their home market this year thanks to a growing dominance in electric vehicles, consultancy AlixPartners said on Wednesday. It would represent the first time Chinese automakers have controlled a majority share of China’s car market — the world’s
According to Bloomberg, a bipartisan group of U.S. lawmakers is planning to visit Detroit to address the issue of automakers’ reliance on China in their supply chains, specifically in relation to electric vehicle (EV) batteries. The lawmakers, comprising Republicans Mike Gallagher and John Moolenaar, as well as Democrats Raja Krishnamoorthi and Haley Stevens, are members
