Industry News
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GAC Group’s Global Expansion Strategy: A New Era of New Energy Vehicles in China
In response to the recent tariffs imposed by Europe and the United States on Chinese-made electric vehicles, GAC Group is actively pursuing an overseas localized production strategy. The company has announced plans to build vehicle assembly plants in Europe and South America by 2026, with Brazil ...Read more -
Nio launches $600 million in start-up subsidies to accelerate the adoption of electric vehicles
NIO, the leader in the electric vehicle market, announced a huge start-up subsidy of US$600 million, which is a major move to promote the transformation of fuel vehicles into electric vehicles. The initiative aims to reduce the financial burden on consumers by offsetting...Read more -
Electric vehicle sales surge, Thai car market faces decline
1.Thailand's new car market declines According to the latest wholesale data released by the Federation of Thai Industry (FTI), Thailand's new car market still showed a downward trend in August this year, with new car sales falling 25% to 45,190 units from 60,234 units a ...Read more -
EU proposes to increase tariffs on Chinese electric vehicles due to competition concerns
The European Commission has proposed raising tariffs on Chinese electric vehicles (EVs), a major move that has sparked debate across the auto industry. This decision stems from the rapid development of China's electric vehicle industry, which has brought competitive pres...Read more -
Times Motors releases new strategy to build global ecological community
Foton Motor's internationalization strategy: GREEN 3030, comprehensively laying out the future with an international perspective. The 3030 strategic goal aims to achieve overseas sales of 300,000 vehicles by 2030, with new energy accounting for 30%. GREEN not only repres...Read more -
Advances in Solid State Battery Technology: Looking to the Future
On September 27, 2024, at the 2024 World New Energy Vehicle Conference, BYD Chief Scientist and Chief Automotive Engineer Lian Yubo provided insights into the future of battery technology, especially solid-state batteries. He emphasized that although BYD has made great p...Read more -
Brazilian electric vehicle market to transform by 2030
A new study released by the Brazilian Automobile Manufacturers Association (Anfavea) on September 27 revealed a major shift in Brazil's automotive landscape. The report predicts that sales of new pure electric and hybrid vehicles are expected to exceed those of internal ...Read more -
BYD’s first new energy vehicle science museum opens in Zhengzhou
BYD Auto has opened its first new energy vehicle science museum, Di Space, in Zhengzhou, Henan. This is a major initiative to promote BYD's brand and educate the public on new energy vehicle knowledge. The move is part of BYD's broader strategy to enhance offline brand e...Read more -
Are Electric vehicles the best energy storage?
In the rapidly evolving energy technology landscape, the transition from fossil fuels to renewable energy has brought significant changes in core technologies. Historically, the core technology of fossil energy is combustion. However, with growing concerns about sustainability and efficiency, ene...Read more -
Chinese automakers embrace global expansion amid domestic price war
Fierce price wars continue to shake up the domestic automobile market, and "going out" and "going global" remain the unswerving focus of Chinese automobile manufacturers. The global automotive landscape is undergoing unprecedented changes, especially with the rise of new...Read more -
Solid-state battery market heats up with new developments and collaborations
Competition in the domestic and foreign solid-state battery markets continues to heat up, with major developments and strategic partnerships constantly making headlines. The “SOLiDIFY” consortium of 14 European research institutions and partners recently announced a brea...Read more -
A New Era of Cooperation
In response to the EU's countervailing case against China's electric vehicles and to further deepen cooperation in the China-EU electric vehicle industry chain, Chinese Minister of Commerce Wang Wentao hosted a seminar in Brussels, Belgium. The event brought together key...Read more