Chinese automakers, including BYD, SAIC and Geely, were told at a meeting on October 10 that they should suspend plans for heavy-asset investments such as setting up factories in countries that support the EV tariffs, according to Reuters. Read more…
Fraunhofer looks into economic potential of bidirectional charging
The widespread introduction of bidirectional electric car chargers could reduce annual energy system costs in the EU by 8.6 per cent by 2040. This is the result of a Fraunhofer study commissioned by Transport & Environment. Read more…
‘Volkswagen Is Not Earning The Money It Needs’
Volkswagen and Audi both have grim news for Q3, but the EU is fighting back hard against imports from China. Read more…
China NEV retail at 946,000 in Oct 1-27, down 1% from same period last month
China’s retail penetration of NEVs was 52.2 percent in October 1-27, and 46.46 percent year-to-date. Read more…
Geely unveils new hybrid system EM-i to take on BYD’s DM-i
Geely has unveiled the more fuel-economy-oriented Leishen EM-i hybrid system, following the previous launch of the more performance-oriented Leishen EM-p. Read more…
Battery chemicals manufacturer Terrafame announces job cuts
The Finnish company Terrafame, which specialises in the production of chemicals for electric car batteries, plans to reduce the number of jobs in view of the slump in demand for electric cars. Read more…
Here’s what to know about Europe’s new vote on Chinese tariffs
It’s official: The European Union is moving ahead with increased tariffs on Chinese-made EVs to as much as 45.3% – in an effort to save its auto industry from total demise. Question is, will it even matter to a powerhouse like BYD. Read more…
Volkswagen to shut EV factory in Brussels
Days after Volkswagen announced it was closing three factories in Germany – a first for the company – the carmaker will now officially close its Audi plant in Brussels where it makes the Audi Q8 E-Tron in a few months. Read more…
The Hyundai Ioniq 9 Should Look Like That Wild Concept
The model previously known as the Ioniq 7 will be fully revealed in November. Read more…
Smart #5 is now on sale in the Chinese market
After officially launching in the Summer, the Smart #5 has been introduced on the Chinese market and going on sale starting at 239,900 yuan. Read more…
Volvo Cars wants to take over Northvolt joint venture
Volvo Cars wants to completely take over the battery cell joint venture Novo Energy, which is operated together with Northvolt. The background to this is that Northvolt has failed to fulfil its financial obligations. Read more…
Tesla wants all new vehicles to be wired like the Cybertruck
Tesla wants to apply the 48-volt electrical architecture it debuted in the Cybertruck to vehicles from other brands. In a recent blog post, the automaker explained that it will implement what it calls the Low Voltage Connector Standard (LVCS), building off the 48-volt Cybertruck architecture, in all of its vehicles to help simplify hardware. And… Read more…
BYD posts record Q3 net income, gross margin rebounds to 21.89%
BYD reported net income of RMB 11.607 billion in the third quarter, up 11.47 percent year-on-year and 28.08 percent from the second quarter. Read more…
Oppo partners with BYD for joint development of EVs and AI
Not to be outdone by Xiaomi, the Chinese tech giant Oppo is looking expand its reach beyond the mobile market. In a recent announcement, Oppo revealed a strategic partnership with BYD to integrate smartphone technology withing its smart car systems. That would let you control various aspects of your BYD electric vehicles directly from your Oppo smartphone. The first fruit… Read more…
Toyota to source new electric SUV for India from Suzuki
Toyota plans to launch a new electric SUV in India and source it from Suzuki beginning in the spring of 2025. This is the first pure electric model the Japanese duo plans to cross-supply as part of their long-standing alliance announced in 2016. Read more…
Quantron AG officially announces insolvency
Quantron AG is insolvent. The Augsburg Local Court opened provisional insolvency proceedings on 29 October. The financial gaps in the balance sheets of the electric commercial vehicle specialist had recently become increasingly noticeable. Employees had already complained that some were no longer receiving their wages. Read more…
DS 3 E-Tense will probably released as an electric sedan
The DS 3 E-Tense is due for a generation change in 2027. Stellantis is not only looking to change the concept of the compact crossover, but also relocate production from France to Spain. This could have serious consequences for the current plant. Read more…
Renault building R&D team in China to develop EVs for Europe, report says
Renault is building an EV R&D team in Shanghai to target mass production of a new model by the end of 2025, but the new model will be built and sold only in Europe, according to a media report. Read more…
Nio’s Middle East backer CYVN to buy sports car maker McLaren’s auto business
CYVN reached a non-binding agreement to acquire 100 percent of McLaren’s automotive business from Bahrain’s sovereign wealth fund Mumtalakat. Read more…
China Oct EV sales preview: Deutsche Bank expects Nio at 24,500, Tesla 47,000, BYD 520,000
New flow for the Nio brand is estimated at about 19,000 units in October, flat from September, but sub-brand Onvo is estimated at about 15,000 units in October, according to Deutsche Bank. Read more…
