CHINESE EV MAKERS
Tesla deliveries set to fall for second straight quarter
The company is expected to deliver 438,019 vehicles for the April to June period, according to an average estimate based on forecasts from 12 analysts polled by LSEG, seven of whom slashed their expectations in the past three months. The EV maker is expected to announce the results on Tuesday.
Revving up: Fuelled by PLI, Indian automakers eye global EV space, targeting Europe & other developed markets
Indian auto manufacturers are seizing the export opportunity in the electric vehicle (EV) market, driven by increasing demand for cleaner mobility in developed countries and government support. Companies like Maruti Suzuki and Hero MotoCorp are gearing up to export their EV models to Europe, leveraging India's frugal manufacturing capabilities. With India's production-linked incentive scheme and alignment with global standards, automakers aim to challenge Chinese dominance in the EV sector and establish India as an EV export hub.
Electric vehicles: Desi automakers are seizing export opportunities driven by increased demand for cleaner mobility
Domestic auto makers like Maruti Suzuki, Hero MotoCorp, and TVS Motor are seizing the export opportunity in the electric vehicle market. Maruti Suzuki is set to export its first electric SUV to Europe, Hero MotoCorp is launching its VIDA V1 electric scooter in European countries, and TVS Motor is expanding to the European Union with its electric scooter iQube.
China wants EU to scrap EV tariffs on EVs by July 4
Beijing urges the European Union to revoke its preliminary tariffs on Chinese electric vehicles (EVs) by July 4, as reported by China's state-controlled Global Times. The EU plans to impose provisional duties of up to 38.1% on Chinese-made EVs while investigating alleged excessive and unfair subsidies to Chinese EV makers. China is willing to negotiate to avoid another tariff war, reminiscent of U.S. tariffs imposed during the Trump administration, but will protect its firms if necessary.
The secret behind Chinese EV industry's rise: $231 billion in 15 years
China's EV industry received $231 billion in government subsidies and aid from 2009 to 2022. Support per vehicle decreased, with sales tax exemptions being over half the total. Research suggests EU and US tariff responses. EV quality is improving, challenging global automakers.
Diversion ahead? For Chinese EVs, the road may fork out to India
The European Union's decision to hike tariffs on cheap electric vehicles made by Chinese companies has sparked concerns about unfair competition and the impact on the global auto sector. The move could lead to a reshuffling of the market dynamics, with potential consequences for both Chinese and European automakers.
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Europe wants affordable electric vehicles from China. But not at the cost of its own auto industry
The European Union plans to increase tariffs on Chinese-made electric vehicles due to unfair subsidies. This move aims to address the surge in Chinese EV exports to Europe, posing a threat to EU manufacturers and green tech industries.
Uno Minda ties up with Chinese firm for production of EV components
Uno Minda has partnered with Suzhou Inovance Automotive Co to manufacture electric vehicle components, including charging control units, inverters, motors, and electric drive systems for passenger and commercial vehicles. The company plans to expand its electric four-wheeler portfolio and potentially establish a joint venture with Suzhou. Inovance, founded in 2003, specializes in providing products for rail transit and new-energy vehicles.
How China's EV makers aim to beat Tesla, legacy automakers in Europe
Chinese EV titans BYD, Chery and Great Wall Motor (GWM) are preparing a fusillade of product launches - about 20 over the next five years - and spending heavily on sales and marketing in their most important export market.
While Apple backtracks, a Chinese phone maker has raced ahead
Geely Auto and BYD Co., known for knock-offs, are now innovative. Xiaomi Corp., from cheap smartphones, aims to rival Tesla. Apple cancels EV project; Lei Jun leads Xiaomi's $10 billion EV venture.
Tesla doing damage-control, discounts for European fleet buyers
Tesla faces challenges in Europe as repeated price cuts hurt leasing companies' fleets and slow service alienates corporate customers. Tesla is offering unofficial discounts and addressing service complaints, but struggles with falling resale values and competition from Chinese and legacy automakers. Fleet customers demand better service and lower repair costs.
Will China become the cat among India's EV pigeons?
Chinese electric vehicles are causing concern in the US and Europe due to their affordability and efficiency. The US has responded by imposing tariffs on Chinese EVs and lithium-ion batteries. India may now become a target for Chinese EVs. Stellantis is considering manufacturing Leapmotor's electric vehicles in India to avoid tariffs.
The White House’s green trade war is just getting started
The latest US actions reflect a strategic shift in trade policy and considerations of carbon dumping, EU engagement, and national security implications.
Small, well-built Chinese EV called the Seagull poses a big threat to the US auto industry
The Seagull, a low-priced electric car by BYD, poses a threat to American automakers. Chinese EVs face tariffs in the U.S., prompting concerns about the impact on the auto industry and the need for adaptation and competition.
Global car giants seek tech allies in China's cutthroat EV market
Struggling foreign automakers in China are looking for help from local tech giants to try to stay competitive in the world's biggest electric car market, where shiny smart screens, assisted driving and sophisticated map technology are in high demand. One major reason why foreign automakers are seeking partnerships with local tech firms is to benefit from their innovation, which Chinese automaking executives have attributed to the cutthroat competition in the industry.
Tesla retreats from next-generation 'gigacasting' manufacturing process
Tesla, amid falling sales and increasing competition, has abandoned plans for an innovative one-piece gigacasting manufacturing process. Initially aiming to revolutionize manufacturing and reduce costs, Tesla has opted for its more traditional three-piece method for vehicle underbodies. The decision underscores Tesla's strategic pivot towards self-driving technology over massive EV sales growth, reflecting recent layoffs and executive departures. This shift also comes after the cancellation of the Model 2 and signals a more conservative approach to production innovation.
Elon Musk visits China as Tesla seeks self-driving technology rollout
Tesla CEO Elon Musk has visited Beijing to discuss the rollout of Full Self-Driving software and data transfer permissions overseas. The company has not made FSD available in China despite customer requests, and rival Chinese automakers like Xpeng have been attempting to gain an advantage over Tesla by rolling out similar software. Tesla has stored all data collected by its Chinese fleet in Shanghai since 2021, as required by Chinese regulators, and has not transferred any back to the United States.
Why BYD's EV exports sell for twice the China price
BYD strategically hikes export prices to maximize profit margins, significantly exceeding domestic prices. This approach aims to offset domestic price wars and boost profitability amid fierce competition in the global EV market.
China's BYD seeks to redefine luxury for the EV generation
BYD's Denza Z9GT challenges Mercedes-Benz in the premium EV market, showcasing advanced technology and upmarket push to increase profitability amid a saturated domestic market and international scrutiny.
China's EV survival game creates peril -- and power
China's electric vehicle market is experiencing fierce competition as new models flood the market, leading to price reductions. Innovative approaches by companies like Hesai and Launch Design are reshaping the industry dynamics and accelerating EV development.
How Volvo landed a cheap Chinese EV on U.S. shores in a trade war
Volvo's EX30, a China-made EV, challenges Tesla with Geely's cost-efficiency and Volvo's quality. It symbolizes China's EV dominance, U.S. tariff challenges, and the evolving global EV market landscape.
Why Tata Motors should worry about Chinese EV makers like BYD and Xiaomi, not Tesla
India's EV policy invites Tesla with reduced customs duty, sparking competition with Tata Motors. BYD eyes 90% market share. Mahindra's XUV400 competes. Xiaomi's SU7 threatens Indian EV players, priced competitively at Rs 25 lakh.
Chinese EV maker BYD targets 20% jump in annual sales
BYD plans to boost EV sales to 3.6 million in 2024, up 20% from last year, with 500,000 overseas sales in 2022 and 1 million in 2025. Wang Chuanfu emphasizes EV momentum and new technology.
Chinese EV makers challenging market leaders at auto show in Bangkok
Chinese EV makers shine at Bangkok Motor Show with BYD leading sales. Thailand's growing EV market attracts global brands like Tesla and XPeng, with plans for EV assembly and expansion into Southeast Asia.
Chinese EV makers take centre stage at Bangkok motor show, to unveil new models
Chinese car makers, led by Geely's Zeekr and Xpeng Motors, will pose a challenge for Japanese giants at the Bangkok International Motor Show. They aim to expand in Southeast Asia, targeting Thailand's premium EV market, intensifying competition in the region.
Zombie Chinese EV makers resurrected in ‘productive force’ push
Only a third of the top dozen manufacturers hit their sales target last year, and the industry has been embroiled in a bruising price war that has shrunk markets.
Nvidia expands ties with Chinese EV makers as auto AI race heats up
BYD, which overtook Tesla last year as the world's No. 1 electric vehicle manufacturer, will use Nvidia's next generation of in-vehicle chips, called Drive Thor, to enable increased levels of autonomous driving and other digital functions, Nvidia said.
Buy local chips, China urges EV makers as US clash deepens
Chinese government urges EV manufacturers to boost local chip purchases through Ministry of Industry, aiming to reduce reliance on Western imports. Tender processes show preference for local suppliers even with lower price offers from foreign bidders. The ministry is now directly instructing firms to avoid foreign semiconductors if at all possible, said the people, who asked to remain anonymous discussing sensitive information.
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