Every EVXL story tagged “China” — newest first.
Japanese automakers, including their emerging EV divisions, might face new challenges as incoming U.S. President Donald Trump considers imposing significant tariffs on Japanese vehicle exports, according to Moody’s Analytics senior economist Stefan Angrick in a recent interview. Campaign Promises and Trade Tensions Trump’s campaign included promises of sweeping tariffs ranging from 10% to 20% on…
Swedish EV battery manufacturer Northvolt has filed for Chapter 11 bankruptcy protection in the US, with only enough cash to keep operations running for about a week, according to Reuters. Financial Struggles Hit Hard The company, which produces battery cells for electric vehicles, is facing a severe liquidity crisis with just $30 million in cash…
Premium EV maker Nio reported disappointing third-quarter results as intense price competition in China’s electric vehicle market continues to squeeze margins and impact sales targets, reports Bloomberg. Revenue Growth Overshadowed by Losses The Chinese automaker posted revenue of 18.7 billion yuan ($2.6 billion) in Q3 2023 after delivering 61,855 vehicles, falling short of analyst expectations.…
In a striking challenge to Tesla’s battery technology direction, CATL founder and chairman Robin Zeng has publicly criticized Elon Musk’s commitment to 4680 cylindrical cells, predicting their ultimate failure. This bold statement comes from the leader of the world’s largest EV battery manufacturer, as reported by Reuters. Sharp Criticism from Battery Giant During their April…
Luxury automaker Bentley Motors has pushed back its timeline for going fully electric, announcing it will continue producing gas-powered vehicles until 2035 – five years later than originally planned. The British manufacturer also revealed its first electric vehicle will be an “urban SUV” coming in 2026, according to information shared by the company on Thursday,…
Audi has unveiled a new electric vehicle (EV) brand in China, targeting younger drivers with a fresh branding approach that omits the company’s signature four-ring logo. The new brand, simply named AUDI, marks a strategic partnership with Chinese automaker SAIC. Together, they aim to reclaim market share in the world’s largest auto market by delivering…
The Swedish automaker has reversed its earlier decision to delay the US launch of its subcompact electric SUV, the EX30, announcing that initial deliveries will begin before the end of 2024, according to Car and Driver. Performance Model Takes the Lead Volvo’s focusing on the Twin Motor Performance variant first, which packs some serious punch.…
The likely future EU trade chief stressed that any minimum price agreements with Chinese EV manufacturers must be as robust as the recently imposed tariffs, according to a Reuters report. New Tariffs Spark Negotiations The EU recently slapped hefty tariffs of up to 45.3% on Chinese-built electric vehicles, but that hasn’t stopped negotiations for alternative…
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