Rapid EV Adoption Risks Tying U.S. to Chinese Interests
Normally a new year brings a renewed focus on getting things done in Washington. But with Congress accomplishing little in 2023 and attentions now shifting to the November elections, it is more prudent than ever that the policy agenda of…
Global EV Sales Up 69% y/y in Jan
Global electric vehicle sales jumped 69% in January from a year earlier but were down 26% from December, reflecting subsidy cuts or tighter rules in Germany and France and seasonally weaker sales in China. Sales of fully-electric cars, or battery…
January Blues Driven Away As EV Sales Go Up
New energy vehicle makers in China saw rising deliveries in January, which is usually not a popular car-buying month. Analysts said the good start is expected to drive the burgeoning sector to a new high in the year. Car buyers…
Nio Delivered 10,055 EVs in January, Down 44% MoM
Nio delivered 10,055 EVs in January, up 18.2% from 8,506 in previous year, the company announced in a press release. However, the comparison doesn’t hold as last year, the Chinese New Year fell on January 22. Nio deliveries fell 44%…
KIA AMERICA BEGINS 2024 WITH STRONG JANUARY SALES
Coming off the highest annual sales volume in company history in 2023, Kia America delivered 51,090 units in January with growth across the brand’s SUV, utility, EV and electrified vehicle offerings. Sales of Kia’s rugged and capable SUVs increased over…
Battery Maker LG Energy Solution Projects Slowdown of Global EV Market
South Korean battery maker LG Energy Solution (LGES) on Friday predicted slowing growth in the global electric vehicle (EV) market this year, signalling further challenges ahead amid intensifying competition from Chinese rivals. The supplier of Tesla, General Motors, Volkswagen and…
China Says EU’s ‘unfair’ EV Subsidies Probe Risks Damaging Ties
China’s ambassador to the EU, Fu Cong, criticized the EU’s probe into Chinese electric vehicle manufacturers, calling it unfair. Cong emphasized China’s cooperation with the investigation to avoid trade measures. He pointed out that the EU also subsidizes its own…
Europe Over-reliant on Chinese EV batteries, Warns South Korea’s SK On
Europe is in danger of becoming overdependent on Chinese electric-car batteries, said a leading South Korean industry executive, as the continent struggles to agree on a coherent strategy to boost domestic production. With European carmakers set to increase imports of cheap…
European Car Sales Jump as Electric Vehicles Take the Lead
New car sales in Europe rebounded with a bang in 2023, rising by 13.9 percent as electric vehicles overtook diesel for the first time, an industry group has said. Sales of new electric cars shot up by 37 percent year-on-year…
Tesla Gets a $94 Billion Reality Check as EV Winter Sets in
Tesla Inc. had a blockbuster 2023, as its shares more than doubled in 12 months. But 2024 is starting on a different note, with Elon Musk’s electric vehicle maker off to its worst start to any year — ever. The…
