Xiaomi Purchases $116 Million Site in Beijing to Expand EV Production
Chinese tech company Xiaomi Corp. has purchased a plot of land in Beijing for 842 million yuan ($116 million) to expand electric car production following the early success of its debut sedan. The 53-hectare (131-acre) site is close by Xiaomi’s…
Volkswagen and Xpeng Deepen Software Collaboration Across EVs in China
Xpeng will deepen its cooperation with German automaker Volkswagen AG, with the two pledging to develop a new electrical and electronic solution for all battery-powered cars made in China under the VW brand. The Chinese electric vehicle maker said on…
China’s Hongqi to Launch Two Electric Cars in Europe This Year
Chinese automaker Hongqi will launch its electric EH7 and EHS7 models in Europe later this year in a fresh sign that China’s auto industry remains set on European expansion despite recently announced EU tariffs. Hongqi, or Red Flag, known as…
BYD Secures New EV Leasing Partner to Take on Europe
China’s BYD has found a new EV leasing partner in Europe as it expands overseas. BYD signed a deal with leading car leasing firm Ayvens to distribute its vehicles across Europe. BYD finds new EV leasing partner for Europe BYD’s…
China’s BYD Taps the Euros to Get the EV Edge on Volkswagen
Even as Germany’s national football team scrapped its way to victory in Dortmund on Saturday, a game of geoeconomic chess was taking place on the sidelines, with stakes that go beyond the European Championship. China’s BYD was looking to land…
Canada Mulls Chinese EV Tariff Following U.S. Move but is Not Committing to it
Canada is looking at the massive new U.S. import tariffs on Chinese-made electric vehicles imposed by President Joe Biden earlier this month, but is not making any commitment to following suit north of the border. Chinese brands are not a…
China’s BYD Launches Mid-size Hybrid Pickup in Mexico
Chinese automaker BYD unveiled the Shark, a mid-size hybrid-electric pickup truck, in Mexico on Tuesday, expanding its foothold in the North American market with a vehicle aimed directly at incumbents Ford, General Motors and Toyota . The Shark is only…
Small, Well-built Chinese EV Poses a big Threat to the U.S. Auto Industry
A tiny, low-priced electric car called the Seagull has American automakers and politicians trembling. The car, launched last year by Chinese automaker BYD, sells for around $12,000 in China, but drives well and is put together with craftsmanship that rivals…
China EV Stocks Sink on Reports of US Tariffs
Shares of major Chinese electric vehicle makers fell on Friday, after multiple reports said that the U.S. was preparing more tariffs against Chinese companies, specifically aimed at EVs and other key sectors. Li Auto Inc (HK:2015) (NASDAQ:LI), NIO Inc (HK:9866)…
Mexico disrupts China’s Potential Plan to Infiltrate US EV Market
Chinese automakers invested millions to build electric vehicle factories in Mexico. This move is a potential attempt to sell to American consumers while avoiding the high U.S. tariffs on cars imported from China. However, a recent report from Reuters has…
