Michael Dunne – Charm

China’s BYD launches EV charging system it says works nearly as fast as a fill up

Cs news4 months ago05 mins

BANGKOK (AP) — China’s energy and auto giant BYD has announced an ultra fast EV charging system that it says is nearly as quick as a fill up at the pumps. BYD, China’s largest EV maker, said Monday that its flash-chargers can provide a full charge for its latest EVs within five to eight minutes,…

GM China to take $5B hit; ‘there will be no comeback story,’ expert says

Cs news7 months ago05 mins

The writing was on the wall regarding GM’s (GM) woes in China, but now investors have some visibility into how dire the situation actually is. The news arrived as automakers like Ford and Volkswagen struggle on the China mainland. In a filing this morning, GM reported it would take a charge of $2.6 billion to…