New Energy Vehicles
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China Car Sales Plunged By 79 Percent In February
Car sales in China dropped by more than 79 percent to only 310,000 units in February, levels not seen since 2005. Car sales in China dropped by more than 79 percent to only 310,000 units in February, levels not seen since 2005. -
Daimler Considers Eliminating Platforms In Massive Cost-Cutting Plan
As part of its wider plan to accelerate its electrification, Daimler is considering the elimination of entire powertrain families and platforms to cut costs. As part of its wider plan to accelerate its electrification, Daimler is considering the elimination of entire powertrain families and platforms to cut costs. -
Toyota Reportedly Building New Plant In Tianjin With FAW Group
Toyota has reportedly formed a new partnership with FAW Group to establish a new facility dedicated to manufacturing new energy vehicles in Tianjin, China. Toyota has reportedly formed a new partnership with FAW Group to establish a new facility dedicated to manufacturing new energy vehicles in Tianjin, China. -
China CATL To Raise $2.86 Billion For Five Battery Projects
CATL plans to raise up to $2.86 billion, which it will use to invest in five lithium-ion battery projects, through a nonpublic offering. CATL plans to raise up to $2.86 billion, which it will use to invest in five lithium-ion battery projects, through a nonpublic offering. -
Tesla Forges New Partnership With Chinese Battery Producer CATL
Tesla announced that it has partnered with Chinese battery producer CATL to supply it with batteries for its China-made electric vehicles. Tesla announced that it has partnered with Chinese battery producer CATL to supply it with batteries for its China-made electric vehicles. -
NIO Pledges To Fix Finances And Eventually Become Profitable
NIO's cost-cutting measures and the increasing demand for its electric SUV are expected to turn around the company's finances in the coming years. NIO's cost-cutting measures and the increasing demand for its electric SUV are expected to turn around the company's finances in the coming years. -
China's Nio And Xpeng Motors To Merge Supercharging Networks
Xpeng Motors and Nio have both signed an agreement to combine their respective supercharging infrastructure, after-sales services, and payment systems. Xpeng Motors and Nio have both signed an agreement to combine their respective supercharging infrastructure, after-sales services, and payment systems. -
China's Tesla Rival NIO To Release New SUV Coupe Model
New York-listed electric startup NIO announced that it will be launching a new SUV coupe model to take on Tesla's Model Y. New York-listed electric startup NIO announced that it will be launching a new SUV coupe model to take on Tesla's Model Y. -
Expectations In the New Energy Vehicle Market On Shanghai Made Tesla
With the Shanghai Gigafactory done, Tesla is ready for production despite low electric car sales and no subsidies. With the Shanghai Gigafactory done, Tesla is ready for production despite low electric car sales and no subsidies. -
BYD Reports Weak Profit Growth Due To Low EV Sales In Latest Quarter
Lowered EV sales due to reduced subsidies and increase competition ate into BYD's earnings, dragging down its profit growth for the entire year. Lowered EV sales due to reduced subsidies and increase competition ate into BYD's earnings, dragging down its profit growth for the entire year.