When Audi executives first encountered the Zeekr 001 in 2021—a long-range electric vehicle with European styling—it served as a stark wake-up call for the premium German automaker. Chinese technology was needed to compete with Chinese rivals. “The Zeekr 001 back then shocked quite everyone,” said Stefan Poetzl, president of SAIC Audi Sales and Marketing. “We…
Thailand aims to use Hong Kong’s status as a global financial centre to raise funds for a new smart city in its flagship economic development zone, according to the head of the megaproject’s public agency. Chula Sukmanop, secretary general of the Eastern Economic Corridor Office, also dismissed accusations that Beijing’s Belt and Road Initiative was…
Hong Kong Exchanges and Clearing (HKEX), operator of Asia’s third-largest stock market, has become one of the world’s largest fundraising platforms for the new energy sector, thanks to a slew of listing reforms to promote the city as a green finance hub, according to a government official. “There has been an active stream of listings…
China switched on 21 gigawatts of new coal power capacity in the first half of this year, the highest since 2016, according to a recent energy report. This came after electricity demand hit a historic high in July, driven by extreme heatwaves. Hydropower faltered, and coal plants were fired up to meet the load. At…
The US carmaker said on Monday that it would price the Shanghai-made car, which boasts a driving range of 830km, at 259,500 yuan (US$36,391), 10,000 yuan lower than the price it touted on August 12. Deliveries are expected to begin this month. The company is also offering mainland buyers of the car, and some other…
China is likely to see 300,000 driverless cabs operate in its four top-tier cities as early as 2030, buoyed by advancements in artificial intelligence (AI) and its highly competitive electric vehicle (EV) sector, UBS said on Thursday. The number of robotaxis on the mainland was expected to jump to 4 million by the late 2030s,…
According to the company, Chevrolet leads the rankings, with the Blazer EV and Equinox EV named the most affordable models to insure. They are followed by the Nissan Leaf, Kia Niro EV, Ford F-150 Lightning, Hyundai Kona EV, MINI Cooper SE, Hyundai IONIQ EV, Fiat 500e, and the Subaru Solterra/Toyota BZ4X. Source link
It’s the “transition technology” that isn’t going away. For years, sales of plug-in hybrid electric vehicles (PHEVs), which can burn fuel or run off a battery, have been tipped to fall as full-battery electric vehicles (BEVs) take their place. But in Australia, another story is unfolding. PHEV sales are booming. One year ago, not a…
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…