The electric vehicle (EV) industry, formerly one of China’s most inward-focused industrial sectors, is now leading a push overseas, carrying the government’s hopes of forging an offshore economic empire to sidestep cutthroat competition at home. Last year, for the first time, Chinese EV companies invested more overseas than they did at home, despite higher costs,…
Tesla opened its first showroom in India last month with little of its usual pomp, but the entry of Elon Musk’s electric vehicle company still made a splash – and is further driving expectations for the South Asian nation’s EV market. Indians have been quietly buying EVs. While still a niche segment in the world’s…
Chinese carmakers have refrained from offering steep discounts to align with Beijing’s efforts to protect a vital industry, but an end to the prolonged price war remains elusive, as the sector grapples with overcapacity and weak consumer demand for high-ticket items. The average discount offered by mainland Chinese electric vehicle (EV) and petrol car manufacturers…
We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. How China’s ‘big winner’ BYD conquered Sri Lanka’s car market Aggressive pricing, shrewd tax engineering and a…
Chinese electric vehicle (EV) makers Leapmotor and Xpeng reported record sales last month, spurred by the popularity of their inexpensive cars, as a price war faded following Beijing’s intervention to cool the market. After EV builders held back on discounts and interest-free loans to comply with Beijing’s call to end a brutal price war, intelligent…
Customers receive electric vehicle consultations at a dealership on To Ngoc Van Street in Linh Xuan Ward, Ho Chi Minh City. Photo: Thanh Hiep / Tuoi Tre Against the backdrop of policies gradually limiting gasoline vehicles in Hanoi and Ho Chi Minh City, the EV sector is…
Australia’s electric vehicle market is booming, but scratch the surface and there are still big roadblocks ahead. At a recent EV show in Melbourne, shiny new models and bold branding painted a picture of progress — yet behind the scenes, questions remained about affordability, infrastructure, and looming tax changes that could slow the momentum. “Next…
China has released ethical guidelines for autonomous driving technology, highlighting the need for user safety and technology transparency. Publishing the guidelines on Wednesday, the Ministry of Science and Technology said automated driving systems “must demonstrate a high degree of respect for human life and actively seek effective strategies to minimise harm”. Algorithms, models and other…
Tesla CEO Elon Musk (Photo by Patrick Pleul / POOL / AFP) (Photo by PATRICK PLEUL/POOL/AFP via Getty … More Images) POOL/AFP via Getty Images Tesla’s reputation crisis is deepening, according to a new report from EV Intelligence that says Tesla now has the lowest net positive perception among all EV brands and the highest…
Tesla will introduce a longer, six-seat version of its popular Model Y SUV in China, a strategic move aimed at reclaiming market share in the world’s largest electric vehicle (EV) market amid increasing competition from domestic rivals. The new variant, dubbed the Model Y L, is set to debut this autumn, the US EV giant…