China’s Gotion High-Tech to Open Electric Vehicle Battery Plant in Morocco
As part of its massive global efforts to increase the availability and robustness of the EV (Electric Vehicle) market, Chinese manufacturer of EV batteries Gotion High-Tech is considering building a facility in Morocco. According to a statement from global tech…
China’s BYD to Build its First European EV Factory in Hungary
One of the world’s largest electrical vehicle manufacturers, China’s BYD, will open its first European EV production factory in Hungary, the country’s foreign minister said Friday, the latest step in the Central European nation’s efforts to become a global hub…
US-China Tech War Escalates Over EV Battery Dominance
Semiconductors have in recent years become a focal point in the U.S.’s efforts to impede China’s technological advancement. Now Washington has its eye on yet another red-hot tech sector where China is making great strides: batteries for electric vehicles. Earlier…
EVs With Chinese Parts won’t Qualify for the full $7,500 tax Credit from 2024
The US government has released guidance that will make it harder for EVs to qualify for the full $7,500 tax credit if their batteries contain Chinese components or minerals. New guidance for EV tax creditsA couple of days ago, Electrek…
China Rejects EU’s Allegations of EV Overcapacity Export
Xinhua | Chinese Ambassador to the European Union (EU) Fu Cong on Thursday dismissed a recent claim that China is exporting its overcapacity of electric vehicles (EV) to the European market. “I want to emphasize the fact that the Chinese…
BYD Sea Lion 07 EV SUV is Officially here to take on Tesla Model Y
China’s leading EV manufacturer, BYD, has unveiled its first mid-size urban electric SUV, the Sea Lion 07, at the 2023 Guangzhou International Auto Show. This launch marks BYD’s entry into a new segment, intensifying competition with industry giants like Tesla…
Chinese HiPhi EVs To Debut At Festival Of Speed
The wave of innovative Chinese EVs that are coming to take over Europe continues at the 2023 Goodwood Festival of Speed presented by Mastercard, with the European public debut of HiPhi and the HiPhi Y. The HiPhi Y is an electric…
Chinese Investment In Europe Drops By 22%, Except For EV-Batteries: Report
Chinese investment in Europe plunged by more than a fifth last year to a decade low as a shift toward greenfield investments in electric-vehicle batteries only partially offset a steep decline in mergers and acquisitions, a survey showed. Foreign direct…
BYD To Make Electric Vehicles In Vietnam In South-East Asia Push
BYD plans to produce electric vehicles (EVs) in Vietnam and expects support from the country’s government to do so, the South-east Asian nation said following a May 5 meeting between Deputy Premier Tran Hong Ha and the automaker’s chairman and…
Chinese-Built Buick Electra Is Coming To USA As the Brand’s First-Ever Electric Vehicle
Buick’s first EV will be called the Electra, which will debut in the US in 2024. Unfortunately, it’s unlikely to be the 580-horsepower Electra that made its debut in 2020 in concept form. A Buick spokesperson confirmed the news of…