A Prelude To An EV Price War?
China’s top electric vehicle (EV) battery maker CATL’s reported big discounts to Nio, Li Auto could force rivals to cut prices, with benefits cascading to consumers. As components become more affordable, the electric vehicle market will enter into a price war.
Toyota Getting Into EV Draws Mixed Feelings
CNBC reported the world’s largest automaker, Toyota, is battling criticism that it is not moving fast enough to reduce carbon emissions getting into EV. A deeper look suggests more.
Chinese EV Maker BYD Said To Build Vietnam Component Plant
VinFast will face competition on home ground when Chinese electric vehicle (EV) maker BYD Auto Co builds a plant in Vietnam to produce car parts, Reuters learnt — in a move that would reduce the company’s reliance on China and deepen its supply chain in Southeast Asia as part of a global expansion.
China EV Makers Eye Southeast Asia As Competition At Home Heats Up
Chinese EVs are affordable for customers in Southeast Asian nations and Chinese EV makers have few competitors there. Asean countries are now target markets for Chinese EV companies whose cars range from RMB 100,000 — 200,000.
China Mission To Be Self-Reliant May Be Hampered
While China is doing what it can to stimulate its electric vehicle (EV) growth, recurring power outages plus other challenges may potentially undo all its efforts.
BYD Takes Commanding EV Patent Lead Among Chinese Rivals
Chinese electric-vehicle maker BYD has taken an overwhelming lead in patent filings for EV technology, the arsenal of innovation fueling the company’s emergence as a global player.
Southeast Asia Hopes To Become The Next EV Hub
Many are turning to electric vehicles (EVs) as a way of reducing carbon emissions. Global efforts to diversify supply chains combined with the drive to adopt green technology have left an opportunity for EV production ripe for the taking, especially in Southeast Asia.
Volkswagen To Speed Up Electric Vehicle Transition
Volkswagen will accelerate its transition towards electric vehicles, but needs to find the right “rhythm” as it makes the shift, new Chief Executive Oliver Blume said at an internal conference on 1 September 2022, the first day of his tenure.
BYD Reportedly Looking To Start Building Electric Cars In Europe
Localising EV production for important markets seems to be a hot topic these days, BYD is now jumping into the bandwagon.