Tag: china electric vehicles

China’s Electric Vehicle Bubble Is Starting to Deflate
27Jun By adminNo Comments
Technology

China’s Electric Vehicle Bubble Is Starting to Deflate

[ad_1] The world's largest electric vehicle market is putting its crowded infancy stage behind it.The explosive industry in China — supercharged by government subsidies more than a decade ago — now spans about a hundred manufacturers churning out pure-electric and plug-in hybrid models. While that's down from roughly 500 registered EV makers in 2019, the end now looks to be in sight for scores more. The cutthroat market formally transitioned from over-crowded to moderately concentrated in the first quarter, based on the Herfindahl-Hirschman Index, a metric used by academics and regulators to evaluate competition and measure market concentration. The biggest winners are players already at the top, like BYD Co. and Tesla Inc., which have been consolidating their power. According to Wang H...
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Who’s next? Chinese EVs drive Stellantis’ Jeep off the road
28Nov By adminNo Comments
Technology

Who’s next? Chinese EVs drive Stellantis’ Jeep off the road

[ad_1] The first joint venture failure by a foreign brand in the electric vehicle (EV) era, the Oct. 31 bankruptcy filing marks a turning point in that Chinese carmakers are beginning to surpass the long-dominant international brands. The bankruptcy of Stellantis' Jeep joint venture in China could spell trouble for other global automakers whose output has plunged over the last five years in the world's largest car market, as domestic players rapidly overtake. The first joint venture failure by a foreign brand in the electric vehicle (EV) era, the Oct. 31 bankruptcy filing marks a turning point in that Chinese carmakers are beginning to surpass the long-dominant international brands in giving consumers what they want. "I do not expect Stellantis to be an isolated case," said Marc...
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Why Your First Electric Car Might Be Chinese
31Oct By adminNo Comments
Technology

Why Your First Electric Car Might Be Chinese

[ad_1] With Europe increasing imports of made-in-China electric vehicles, policy makers risk making all the wrong protectionist moves. Tesla Inc. would have delivered more cars in the most recent quarter but for a shortage of boats. It's having problems finding vessel capacity out of Shanghai. No wonder: China recently overtook Germany as the world's second-largest auto exporter. China's auto exports rose over 50% in the first nine months of this year, shipping out over 2 million vehicles. This isn't just western automakers using China as an export hub; homegrown brands are also finding their footing on the world stage. And demand is being led by Europe, the birthplace of the automobile, where a supply-chain crunch, energy crisis and war in Ukraine continue to hamstring manufacture...
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Warren Buffett-backed BYD Expects Profit to Surge as EV Sales Hit Record on Strong Demand
18Oct By adminNo Comments
Technology

Warren Buffett-backed BYD Expects Profit to Surge as EV Sales Hit Record on Strong Demand

[ad_1] BYD expects its 3rd-quarter profit to climb 365%; Warren Buffett-backed company aims to sidestep snags. Chinese electric-vehicle maker BYD Co. expects its third-quarter profit to climb as much as 365%, as the Warren Buffett-backed company aims to sidestep supply-chain snags and capitalize on strong demand. Net income will be between 5.5 billion yuan ($765 million) and 5.9 billion yuan, the Shenzhen-based company said Monday, which would be a record. BYD is benefiting from making its own batteries and semiconductors, helping it avoid disruptions that have hurt rivals, including Elon Musk's Tesla Inc. Sales volume of new energy vehicles -- including EVs and hybrids -- also reached record highs, BYD said in a stock exchange filing detailing estimated results for the quarter e...
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BMW to Shift UK Production of Electric Mini to China
15Oct By adminNo Comments
Technology

BMW to Shift UK Production of Electric Mini to China

[ad_1] BMW builds some 40000 electric, Mini vehicles a year at its UK factory, but will call a halt by the end of 2023. BMW AG will stop manufacturing its electric Minis in the UK and move production to factories in China, dealing yet another blow to Britain's ambitions in battery-powered vehicles, the Times reported. The German car manufacturer builds around 40000 electric, Mini vehicles a year at its factory outside Oxford but will call a halt by the end of next year, the newspaper said on Saturday, citing an executive who leads the Mini brand. BMW plans to shift production of the electric vehicles to its joint venture in China. Stefanie Wurst, the new chief of Mini, told the newspaper that the Oxford plant was running inefficiently by having to produce electric and petrol cars...
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