China, Xiaomi and Apple
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Contemporary Amperex Technology Co. Ltd., or CATL, controls more than a third of the global market for EV batteries and is seeking to expand overseas even as it faces political obstacles in the United States.
Sodium-ion tech is 90% cheaper than lithium and already in 250K vehicles. Could it make U.S. EVs cheaper—and sideline Detroit’s battery strategy?
The XC70 measures 189.6 inches (4,815 mm) long, 74.4 inches (1,890 mm) wide, and 65 inches (1,650 mm) tall with a wheelbase that spans 114 inches (2,895 mm). This means the crossover is 5.4 inches (137 mm) shorter than the XC90 and has a 3.5-inch (89 mm) smaller wheelbase.
Xiaomi unveiled its hotly anticipated YU7 electric SUV in China today, in the latest potential blow to Tesla’s position in the world’s hottest EV market.
China is one country that has been at the top of the EV game. It has been bringing out models with cutting-edge technology and advanced battery systems at a rapid pace. But there is another story as
According to a JP Morgan study cited in a South China Morning Post report, industry-wide discounts averaged a record high 16.8% in April, up from an already steep 16.3% in March. The China Passenger Car Association puts the average discount for 2024 at 8.3%. To top it off, average EV prices were slashed by 10% back in December.
Chinese automaker GAC announced on Friday its product launch in Brazil, saying it expects its line of hybrid and electric cars to garner market acceptance that would allow it to start building a factory in the country in late 2026.
A battery boom in the world’s biggest EV-producing nation has transformed this unassuming provincial city into a key node in the global resources battle.
Another uncertainty stems from the trade war between the US and China, which threatens to further decouple the world’s biggest economies. In this context, Christoph Weber, who leads the China business of Swiss engineering software group AutoForm, says Germany’s Volkswagen appears well-positioned to stay in the autonomous driving fight.