A sharp rise in oil prices tied to the US-Israel confrontation with Iran is likely to speed up the global transition to electric vehicles, strengthening a shift that has already helped China overtake Japan as the world’s top car seller, according to South China Morning Post. Crude prices have surged past $100 a barrel amid…
China’s enviable electric vehicles have made American automakers extremely nervous in recent times. But if you’re assuming that Chinese automakers are simply cruising at home, with generous subsidies and cutting-edge battery tech, you’d be mistaken. EV sales in China are starting to flatline and even BYD, the country’s dominant player in the space, is feeling…
China’s advanced auto industry may be hitting some speed bumps at home, but it’s expanding overseas at warp speed. And lately it’s been a question of “when,” not “if,” those vehicles could ever come to the United States. 2026 already feels like some dominoes have begun to fall. You had the Geely Group’s strong showing at…
Lotus Technology, the British sports car maker majority-owned by China’s Geely group, is welcoming Canada’s decision to reset its tariff policy that’s set to result in a dramatic price reduction for its high-performance electric SUV. The automaker said in a press release Saturday that the price of its Wuhan-made Eletre SUV will drop by roughly…
It’s no secret that Chinese automakers want in on the United States. In fact, in a pre-COVID world, several of them were in a race to get sales moving here. But an underdeveloped product line, and then increased geopolitical tensions and tariffs, have shut the door for now. At least, officially, every day, someone asks…
The EU has for the first time launched a formal review of a price undertaking offer from a company seeking to avoid its tariffs on Chinese-made electric vehicles, following a submission from Volkswagen’s Chinese joint venture. Over the course of 12 to 15 months, the European Commission will examine whether VW Anhui can replace its…
Volkswagen Group is poised to launch a new electric vehicle (EV) next year that leverages Chinese technology to compete with established domestic players like BYD and Geely in the world’s largest automotive market. The German carmaker, which has seen a decline in market share in mainland China since 2020 amid a rapid adoption of EVs,…
The first inland cargo barge that combines methanol and hydrogen electric for a more efficient operation was launched earlier this month in China. The vessel also represents an expansion of Chinese auto manufacturer Geely’s methanol technology into the maritime sector as the company looks to expand its international operations. The barge, which has a…
DeepSeek’s namesake chatbot would be used for “AI interaction”, which enables a Tesla EV’s driver to have casual conversations with the system, while also getting the latest news and weather information, according to the updated terms of use posted this month on the US carmaker’s mainland website. ByteDance’s Doubao large language model (LLM) would facilitate…
Chinese electric vehicle (EV) maker Leapmotor opened its first retail store in Hong Kong on Wednesday, as founder and CEO Zhu Jiangming said the company’s debut in the city would be a stepping stone to greater international success. The new outlet, in the Cityplaza complex at Taikoo Shing on Hong Kong Island, is the company’s…