Former President Donald Trump used his nomination speech to take aim at President Joe Biden's electric vehicle policies, vowing to action against them on his first day in office.
Hyundai Motor is set to reshape South Korea's eco-friendly bus market by significantly bolstering its hydrogen bus business. The automaker plans to make a substantial investment in Kohygen, a company specializing in hydrogen bus charging stations, to establish over 300 charging stations nationwide.
MediaTek, a leader in consumer electronics and communications, is looking to establish itself as a key player in the smart car and Electric Vehicle (EV) ecosystem while deepening its deployment in automotive AI applications, according to Roy Chen, a staff aide to the company's co-COO.
The electric scooter market in Taiwan is experiencing significant growth, driven by an increasing variety of options and manufacturers diversifying their product lines to meet various application scenarios.
BMW, along with Mercedes-Benz and Audi, previously joined the fray in the price war in China's car market for a short period of time, but has now decided to hike prices across its whole lineup.
As Tesla CEO Elon Musk hints at delays in Tesla's Robotaxi plans, Baidu's Apollo Go (known as "Luobo Kuaipao" in Chinese) has already launched paid passenger services in 11 Chinese cities, including Beijing, Shanghai, Wuhan, Guangzhou, Shenzhen, and Chongqing.
Global sales of Electric Vehicles (EVs) are expected to surpass 10 million units in 2024, marking a crucial automotive market milestone and reaffirming a healthy growth trajectory.
Despite having the biggest car market in the world and the largest capacity for making Electric Vehicles (EV), China's automotive semiconductor self-sufficiency rate remains below 10%, according to China's Ministry of Industry and Information Technology (MIIT).
The global electric vehicle (EV) market is experiencing a slowdown, with China's new energy vehicle (NEV) sales remaining strong at home but struggling internationally. Chinese NEV exports are gaining traction in Southeast Asia, particularly Thailand, despite facing obstacles in other regions. Supply chain insiders note that while domestic NEV demand in China remains robust, it is concentrated among specific brands, making the market more volatile overall.
Tesla Inc. is postponing its planned robotaxi unveiling to October to allow teams working on the project more time to build additional prototypes, according to people familiar with the decision.
BYD reached an agreement with the Turkish government to invest $1 billion in building an electric and plug-in hybrid vehicle factory in the region. The new factory is set to start production by the end of 2026. It will have an annual production capacity of 150,000 vehicles, making it the first foreign-owned Electric Vehicle (EV) plant in Turkey.
Foxconn Interconnect Technology (FIT), a subsidiary of Hon Hai Technology Group (Foxconn), has announced plans to acquire Germany-based Auto-Kabel for a total of EUR72.5 million (US$78.8 million).
According to statistics from the Federal Motor Transport Authority (Kraftfahrt-Bundesamt, KBA) in Germany, 43,000 new pure electric vehicles were registered in June, achieving a market share of 14.6%. This is the highest figure since the unexpected subsidy cut by the German government in December 2023, suggesting that the demand for pure electric vehicles in Germany is stronger than anticipated.
According to data from the China Association of Automobile Manufacturers (CAAM), China's electric vehicle (EV) exports decreased by 13.2% in June 2024, marking the third consecutive month of decline. This trend reflects growing resistance to Chinese car exports, particularly as the European Union raises trade barriers against Chinese electric vehicles.
Just 19 of China's 137 current electric car brands will be profitable by the end of the decade, leaving the rest to exit the industry, consolidate, or battle for a minor market share, according to consultancy Alixpartners.
Beijing will support the introduction of robotaxis in ride-hailing and car rental fleets in the city as advanced driver assistance systems become more commonplace in China.
Honda Motor Co. will consolidate its two car plants in Thailand by 2025 to deal with overcapacity and focus resources on electrification as battery electric vehicles gain popularity in the Southeast Asian nation with Chinese automakers entering the market.
The European Union's temporary tariff on Chinese electric vehicles (EVs) kicked in on the 5th, sparking varied reactions among automakers. Despite initial assurances from Chinese manufacturers that their European operations would remain unaffected and prices stable, there are signs of a shift in their stance.
China's electric vehicle (EV) industry is aggressively pushing into overseas markets, navigating trade barriers from Europe and the US designed to stall its progress. However, these obstacles are only temporarily hindering China's EV exports while accelerating the relocation of its global supply chain.
Battery electric vehicles (BEVs) are set to reach the 10-million milestone in 2024, marking a significant achievement for the global passenger vehicle market, according to Counterpoint. This milestone will coincide with the resumption of the long-term decline for internal combustion engine (ICE) vehicles, whose market share is expected to fall below 50% within four years, the research firm said.
In a push to decarbonize, the Indian government is ramping up policy support for hydrogen-powered commercial vehicles. The National Green Hydrogen Mission aims to promote large-scale adoption of hydrogen technology across various sectors, including fiscal support for fuel cell vehicle (FCV) pilots targeting commercial buses and long-haul trucks.
Chinese electric-car brands held on to their share of the slumping European EV market in May, ahead of new tariffs designed to protect local carmakers from their lower-cost imports.
