CATL’s second-generation Shenxing superfast charging battery has 12C peak charging rate and 1.3MW peak charging power. Credit: Robert Way/Shutterstock. China’s electric vehicle (EV) battery manufacturer Contemporary Amperex Technology Co. (CATL) has introduced a series of battery products, marking a significant leap, it says, into the “multi-power era”. The company’s inaugural Super Tech Day saw the…
Foxconn is finalising a deal with Mitsubishi Motors to supply EVs. Credit: Wonchalerm/Shutterstock. Foxconn (Hon Hai), an electronics manufacturer, is seeking partnerships in Japan to expand its electric vehicle (EV) business, reported Reuters citing an executive in charge of the business. The firm is considering partnerships as soon as possible with Japanese companies. This move…
CATL plans to issue no more than 220.17 million shares of overseas listed common shares for the HKEX. Credit: THINK A/Shutterstock. Contemporary Amperex Technology (CATL) has secured approval from China’s securities regulator, China Securities Regulatory Commission, for a share sale in Hong Kong. The move is expected to generate at least $5bn for the Chinese…
Shanghai Newsroom | Reuters Volvo backtracks on EV pledge, as other automakers have done the same Volvo has revised its plan to transition fully to electric vehicles by 2030, as others in the industry have made similar moves. Straight Arrow News Japan’s Toyota 7203.T began selling a $20,000 smart electric car in China this week, aiming to…
China’s southern tech hub of Shenzhen plans to “fully compete” in emerging sectors such as artificial intelligence, announcing 160 billion yuan (US$22.07 billion) in “new-type infrastructure” investment for the year as it called on the city to embrace challenges like a “seabird braving the storm.” When delivering the city’s work report on Tuesday, Shenzhen Mayor…
The firms intend to enhance the integration of software and hardware technologies in the automotive electronics industry. Credit: Gorodenkoff/Shutterstock. China-based automotive electronics provider Intron Technology has partnered with eSOL, a developer of real-time embedded software solutions, to advance the development of next-generation software-defined vehicles (SDVs) in the Chinese market. Under the agreement, eSOL will provide…
Mexico is planning to establish a “task force” to involve US companies in the process of reducing imports from China, the country’s economy minister told a group of auto suppliers at a private meeting Friday in Detroit. Careful not to “speculate” about what would happen on Monday when US President-elect Donald Trump takes office, minister…
Chinese automakers captured their smallest share of Europe’s electric-vehicle market in eight months, after new tariffs added as much as 35% to the cost of importing cars to the region. Manufacturers such as BYD Co. and SAIC Motor Corp.’s MG accounted for 7.4% of EV registrations across the European Union in November, down from 8.2%…
DELRAY BEACH, Fla., Dec. 18, 2024 /PRNewswire/ — The EV battery testing market is estimated to grow from USD 3.35 billion in 2024 to USD 9.51 billion by 2030 at a CAGR of 19.0% during the forecast period, according to a new report by MarketsandMarkets. The EV battery testing market is driven by growing demand for electric…
In 2017, Norway set a goal of eliminating sales of fossil-fuel-powered cars by 2025. At the time it seemed like little more than a feel-good fantasy to soften the image of a government led by Erna Solberg, a conservative advocate of oil production who’d earned the sobriquet “Iron Erna.” But as the deadline approaches, it…