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European nations compete for Chinese EV factories, jobs even as EU...

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European governments may be wary of budget Chinese electric vehicles flooding their markets but they're also fiercely competing for a share of the manufacturing investment and jobs the new competitors bring. While the European Union investigates China's auto subsidies and considers tariffs on imports, national governments across the bloc are dangling their own incentives to attract Chinese automakers looking to build European factories. Manufacturing costs for Chinese EV makers including BYD, Chery Automobile and state-owned SAIC Motor are much lower at home but they are nonetheless keen to set up in Europe to build their brands and save on shipping and potential tariffs, said Gianluca Di Loreto, a partner at consultancy firm Bain & Company.
What Falling Sales? Global EV Sales Grow 25% in April! - CleanTechnica

What Falling Sales? Global EV Sales Grow 25% in April! –...

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Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! EVs Now 18% of World Auto Sales Global plugin vehicle registrations were up 25% in April 2024 compared to April 2023. There were 1.2 million registrations. BEVs were up by 14% YoY, while plugin ... [continued]
IM LS7 Max all-electric SUV launched with 705 km range

IM LS7 Max all-electric SUV launched with 705 km range

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The IM LS7 Max comes with record breaking tech including four-wheel steering and a lizard digital chassis.

The post IM LS7 Max all-electric SUV launched with 705 km range appeared first on CarNewsChina.com.

The Zacks Analyst Blog Highlights BYD, XPeng, NIO, BMW and Volkswagen

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For Immediate ReleaseChicago, IL – May 31, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks...

Audi furthers EV push into China with new platform agreement

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Volkswagen’s (VWAGY) Audi is pushing deeper into the Chinese market as US rivals like GM (GM) and Ford (F) look to minimize losses in...
IM Motors’ first EREV, an SUV, will launch in 2025 and be a new design

IM Motors’ first EREV, an SUV, will launch in 2025 and...

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SAIC's IM brand is set to start selling EREV cars from next year with the launch of an all new SUV model designed as an EREV.

The post IM Motors’ first EREV, an SUV, will launch in 2025 and be a new design appeared first on CarNewsChina.com.

EU-China on the Brink of a High-Stake Tariff Clash for EVs

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The electric vehicle (EV) market is fast becoming a new battleground for international trade, with the European Union (EU) and China facing a trade...
Chinese Automakers Surge In UK As Tesla, Ford Sputter: BYD Leads 2,700% Sales Increase In May By Benzinga

Chinese Automakers Surge In UK As Tesla, Ford Sputter: BYD Leads...

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Chinese Automakers Surge In UK As Tesla, Ford Sputter: BYD Leads 2,700% Sales Increase In May
NIO, BYD approved to test self-driving tech in China

NIO, BYD approved to test self-driving tech in China

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China has approved nine local automakers to test their self-driving technology on certain roads, including EV companies BYD (BYDDF) and NIO (NIO), as well as sta
China pushes to legalize self-driving cars with assistance from BYD, NIO, and more · TechNode

China pushes to legalize self-driving cars with assistance from BYD, NIO,...

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Nine major Chinese automakers, including BYD, SAIC, and NIO, have been allowed to proceed with a pilot program to test their production vehicles with