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…
Kenya to Invest 1.9 mln USD to Boost EV Adoption in 3 years
Kenya Power, the country’s electricity distributor, said on Monday that it will invest 1.93 million U.S. dollars in the next three years to spur the adoption of electric vehicles (EVs) in the country. Kenya Power Managing Director Joseph Siror said…
XPENG And The Volkswagen Group Announce Entry into the Framework Agreement on E/E Architecture Technical Collaboration
XPeng Inc. (“XPENG”, NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle company, and the Volkswagen Group, one of the world’s leading automobile manufacturers, are pleased to announce today that XPENG and the Volkswagen Group have entered into…
Janet Yellen Voices Concern About EV Overproduction to China’s Vice Premier
U.S. Treasury Secretary Janet Yellen told China’s Vice Premier He Lifeng on Friday that the two countries should closely communicate on industrial overcapacity and economic actions related to national security as among issues of concern. Yellen’s remark at the opening…
LOBO EV Forges Strategic Collaboration With CSM2017 to Expand E-Bicycle Business in Serbia
LOBO EV Technologies Ltd. (Nasdaq: LOBO) (“LOBO” or the “Company”), an innovative electric vehicle manufacturer and seller, today announced its new strategic collaboration with Serbian distributor CSM2017 Doo (“CSM2017”), marking a milestone in its expansion into the burgeoning electric vehicle…
China Vows to Pull Out All the Stops for EV Supply Chain Buildup
The Chinese government plans to tap all the policy resources available to create a made-in-China electric vehicle supply chain, pressing three state-owned automakers to spend more on R&D. Business executives and senior government officials involved in EV policy announced plans…
China’s SAIC Aims to Slash Jobs at GM, VW Ventures and EV unit, Sources Say
CHINA’S SAIC Motor aims to cut thousands of jobs this year at its joint ventures with General Motors and Volkswagen and at an electric-car unit, two people with knowledge of the matter told Reuters. The state-owned automaker hopes to cut…
A Quarter Of EVs Sold In Europe This Year Will Be Made In China, NGO Predicts
In Europe, electric vehicles made in China are common, even though it might not seem like it at first. Last year, out of the roughly 300,000 EVs sold in the European Union, 19.5% were made in China, and that number…
Xiaomi Takes Aim at Tesla in Chinese Auto Market with $29,870 Electric Car
Chinese smartphone maker Xiaomi launched a sporty electric car on Thursday with styling cues drawn from Porsche and priced below Tesla’s Model 3, highlighting the stiff competition from new entrants in an already crowded EV market in China.During the two…