electric vehicles china

China’s Electric Vehicle Bubble Is Starting to Deflate

27Jun

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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...

China’s DriveGPT Is Here. Time to Play Catch-Up

26Apr

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Technology

China’s DriveGPT Is Here. Time to Play Catch-Up

[ad_1] China's artificial intelligence-powered autonomous-vehicle market is showing serious promise. So, of course, Elon Musk wants a piece of it, especially since he's struggled to get self-driving technology off the ground in the US. That may not pan out as well as the Tesla Inc. chief executive officer's Beijing-backed electric-vehicle bet.Local media say Tesla could be getting ready to test its full self-driving technology in China. Given the firm's FSD track record in the US, that's a scary and unsafe prospect. In May 2021, Tesla announced it was eliminating critical radars on new cars. It then started disabling them in vehicles already on the road, resulting in an uptick in crashes, the Washington Post reported. In February, it paused the rollout of FSD. Suffice to say, the global...

Chinese carmakers target more European sales with 5-star EVs

21Nov

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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...

Why Your First Electric Car Might Be Chinese

31Oct

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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...