Automundo China

Global electric vehicle sales are set to rise by more than a fifth to reach 17 million this year, powered by drivers in China, according to the International Energy Agency.

EV concessions for Chinese firms like BYD in India face obstacles due to national security concerns and FDI requirements under the new policy. The GTRI report warns of potential large-scale entry of Chinese auto firms in the local market.

Tesla has been slashing prices for its vehicles in the Chinese, US and European markets amid declining sales.

BTR Group from China will invest €277 million in a cathode factory in Morocco. Cathodes are a critical component of electric vehicle (EV) batteries. The deal, signed end March, is confirmation of Morocco’s ambition to become “the world’s most competitive platform for EV manufacturing”.

BYD unveiled the Shark electric pickup truck ahead of the Beijing Autoshow. BYD unveiled the Shark electric pickup truck on Monday, Apr. 22. The company announced the electric vehicle will include a plug-in hybrid Dual Mode Off-Road (DMO) system for off-roading.

India introduced a policy to lower the tariffs on imported EVs to attract global EV manufacturers to set up manufacturing facilities in the country. Still, despite a growing presence in the global EV market, China-based EV manufacturers may not benefit from India's latest policy.

The Beijing International Automotive Exhibition will return this week following a four-year hiatus due to the COVID-19 pandemic, with major car vendors and startups all raring to go.

Startup expects generative AI to help automotive newcomers leapfrog mainstream rivals

BYD is expected to unveil its electrified pickup truck this month. It revealed a few details about its first pickup truck recently.