Tag: China EV

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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Ford Chairman Says US Isn’t Ready to Compete With China in EVs
19Jun By adminNo Comments
Technology

Ford Chairman Says US Isn’t Ready to Compete With China in EVs

[ad_1] Ford Motor Co. Executive Chairman Bill Ford Jr. said the US is “not quite yet ready” to compete with China in the production of electric vehicles and said his company is taking an “all hands on deck” approach to prepare.“They developed very quickly, and they've developed them in large scale, and now they are exporting,” Ford said in an interview on CNN's Fareed Zakaria GPS. “They are not here, but they will come here we think at some point and we need to be ready, and we're getting ready.” China is poised to become the world's No. 2 exporter of passenger vehicles, potentially reshaping the global auto industry and shaking up the dominance of its car trading partners and rivals. Overseas shipments of cars made in China have tripled since 2020 to reach more than 2.5 million last ye...
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Chinese carmakers target more European sales with 5-star EVs
21Nov By adminNo Comments
Technology

Chinese carmakers target more European sales with 5-star EVs

[ad_1] Chinese EV makers have set their sights on winning over European drivers and large corporate customers with more affordable cars. Chinese electric vehicle (EV) makers have set their sights on winning over European drivers and large corporate customers with more affordable cars that come with top safety ratings and lots of high-tech features.In the last few months, several Chinese EVs have received five-star European New Car Assessment Programme (NCAP) ratings - an achievement that requires loading vehicles with active and passive safety features that go well beyond legal requirements. More are coming. "All Chinese EV makers want to achieve Euro NCAP five-star ratings in order to be more competitive in the European market," said Brian Gu, president of Chinese EV maker Xpeng.Gu s...
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This Chinese EV Startup Wants to Save You From Having a Heart Attack
4Nov By adminNo Comments
Technology

This Chinese EV Startup Wants to Save You From Having a Heart Attack

[ad_1] A new Chinese electric vehicle startup is touting its ability to monitor drivers’ health for serious incidents like a heart attack to help stand out in an increasingly crowded market. A new Chinese electric vehicle startup is touting its ability to monitor drivers' health for serious incidents like a heart attack to help stand out in an increasingly crowded market. BeyonCa, led by Renault SA's China head Soh Weiming, aims to unveil its first production car in the first quarter of next year, with deliveries to start in 2024. The GT Opus 1 will be priced to compete with BMW AG's 7 Series and Porsche AG's Taycan series, China's top-selling super-premium EV -- which starts at 898,000 yuan ($123,000) and goes up to 1.8 million yuan. The car will be fitted with sensors and camer...
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Tesla Shut First Beijing Showroom Last Month in Strategy Shift
2Nov By adminNo Comments
Technology

Tesla Shut First Beijing Showroom Last Month in Strategy Shift

[ad_1] Tesla Inc. shut its flagship China showroom in Beijing last month, according to a person familiar with the matter. Tesla Inc. shut its flagship China showroom in Beijing last month, according to a person familiar with the matter.The US electric carmaker has a number of showrooms in China's capital, and the one now shuttered was in a shopping center called Parkview Green, a mainly residential area. Reuters reported the closure earlier Wednesday. Tesla largely sells its cars via a direct sales model over the internet rather than through dealerships or its own showrooms. China is its most important market after the US and it delivered a record 83,135 cars in September after upgrading production capacity at its Shanghai factory. While Tesla leads the way for foreign carmakers in Ch...
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