Beijing has tightened control over the supply chain this year and an industry shakeout is already underway, with the likes of BYD becoming increasingly dominant. For all the talk of China’s car industry being crowded with low-volume brands that struggle to turn a profit, the potential to carve out a share of the world’s biggest…
In the global contest for leadership in electric vehicle production, the United States is weakening support for EVs, while China – the main economic rival – continues to move forward, strengthening its dominance in global electric vehicle sales and in the supply chains for batteries and rare earth elements. After returning to power, Trump and…
Chinese sales reached around one million vehicles. European sales surged 48 per cent to about 390,000 units, while North American sales climbed 10 per cent to more than 170,000. Global electric vehicle sales grew 21 per cent year-on-year in July, the slowest rate since January and down from 25 per cent in June, as momentum…
Sona Comstar has entered China’s electric vehicle market through a joint venture with Jinnaite Machinery Co. at a time when its US business is facing headwinds due to Trump’s tariffs and India unit is suffering because of Chinese rare earth restrictions. The Gurugram-based firm will invest $12 million in the joint venture and hold a…