EV And PHEV Sales Surged 26% Globally In 2024, But The Party’s Over In Europe
Global sales of electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs) surged in 2024, exceeding 17 million units, representing a substantial 25.6% jump compared to the previous year. December alone set a new milestone, with sales climbing to a…
China’s Nio Says new Firefly EV to go on Sale in Europe in H1 2025
China’s Nio (NYSE:NIO) on Sunday said it would launch its new Firefly electric vehicle brand in Europe early in the first half of 2025, betting that it would help the company overcome European Union tariffs. William Li, Nio’s CEO, told…
Nio’s Europe-bound Firefly EV targets Smart and Mini
China’s Nio on Sunday said it would launch its new Firefly electric vehicle brand in Europe early in the first half of 2025, betting it would help the company overcome EU tariffs. William Li, Nio’s CEO, told reporters in Guangzhou…
Recycled EV Battery Metals Could cut Imports up to 25% by 2030
Materials from end-of-life batteries and gigafactory scrap have the potential to build up to 2.4 million EVs locally in 2030, research by Transport & Environment (T&E) has found. But the EU and the UK will not be able to harness…
Audi Starts Production of PPE Vehicles in China
Audi FAW NEV Company, a joint venture between Audi and Chinese carmaker FAW, started production on Tuesday of all-electric models in Changchun, capital of Northeast China’s Jilin province. The new production site is the first in the country to exclusively…
US Clean Energy, Defense to be Impacted by China Export Curbs
China’s retaliatory export controls could take a toll on the growing US clean energy sector and its defense industry, analysts say, as a trade tussle escalates between the world’s two biggest economies. Beijing announced this week it would ban exports…
Tesla’s China-Made EV Sales Drop 4.3% in Nov
U.S. automaker Tesla’s’s sales of China-made electric vehicles fell 4.3% year-on-year to 78,856 in November, data from the China Passenger Car Association (CPCA) showed on Tuesday. Deliveries of China-made Model 3 and Model Y vehicles recorded a 15.5% increase from…
Sterling Tools Partners with GLVAC to Boost EV Component Manufacturing in India
Sterling Tools Limited, through its subsidiary Sterling Tech-Mobility Limited, has joined forces with China-based Kunshan GLVAC Yuantong New Energy Technology Co., Ltd. (GLVAC YT) to enhance the manufacturing of High Voltage Direct Current (HVDC) contactors and relays in India. This…
China Files Complaint at WTO Over EU tariffs on Chinese EVs
China has moved forward with a complaint at the World Trade Organization that alleges the European Union has improperly set anti-subsidy tariffs on new Chinese-made electric vehicles. The Chinese diplomatic mission to the WTO said Monday it “strongly opposes” the…
GAC Launches Aion V in Europe
Chinese car manufacturer GAC has announced that it will launch its Aion V electric SUV, which is already available in China, in Europe next year. In the coming years, GAC plans to bring further core models to Europe, including an…
