Etiqueta: Tesla

That’s the idea, at least. But whatever the outcome, it’s clear that battery technology is moving extremely rapidly.

Chinese EV-manufacturer, BYD, will supply advanced-tech batteries to Kigali-based EV line, Ampersand, after the two companies signed an MoU on Tuesday.

Denza and Fang Cheng Bao are recruiting dealers, becoming the latest Chinese auto brands to abandon their direct-only sales model.

Legacy U.S. automakers such as Ford Motor and General Motors should leave the China market to preserve capital amid the costly electric vehicle (EV) transition, a leading auto analyst said on Tuesday. “I think you have to see the [Detroit Three] exit China as soon as they possibly can,” said John Murphy, Bank of America Securities analyst, at his annual presentation of “Car Wars,” a closely watched industry report. Murphy's guidance for the Big Three came during a discussion of the harsh cost-cutting measures they would have to take to be competitive with EV manufacturers like Tesla, as well as carmakers abroad.

BYD is charging up the competition with Hyundai on its home turf. The Chinese automaker plans to launch its Tesla...

Buffett is buying an oil exploration company and selling an EV maker

General Motors, Tesla, ChargePoint, Blink Charging and Lion Electric are part of the Zacks top Analyst Blog.

Five of the championship’s 13 sponsors come from China, as these companies look abroad amid slow growth at home.

Battery stocks have been battered over recent months. Falling lithium prices due to oversupply, subdued demand in China and lackluster sales figures from the electric vehicle (EV) market have all contributed to the rare earth mineral’s plummeting price. According to Koyfin, the price of lithium carbonate has fallen 68.8% over the past 12 months. While there was somewhat of a recovery in Q1 of 2024, it appears prices are back in free fall. Despite this big of macroeconomic news not being good for

LFP lithium-ion battery cells from both CATL and BYD are anticipated to be used in Tesla's battery energy storage systems (BESS) in China.