Page 52 - Electric Vehicles

China urges EU to show sincerity in talks as EV tariffs take effect

The government has repeatedly called on the European Union to cancel its tariffs, expressing a willingness to negotiate

EU announces investigation into Chinese subsidies for electric vehicles

The European Union (EU) is launching an investigation into subsidies that China provides to electric vehicle makers, the head of the bloc's executive branch said Wednesday, as concern grows that the aid is harming European companies. Global markets are now flooded with cheaper Chinese electric cars, and their price is kept artificially low by huge state subsidies. This is distorting our market, European Commission President Ursula von der Leyen told EU lawmakers in Strasbourg, France. As we do not accept this distortion from the inside in our market, we do not accept this from the outside, von der Leyen said. So, I can announce today that the commission is launching an anti-subsidy investigation into electric vehicles coming from China. China's leaders have helped make the country the biggest market for electric vehicles by investing billions of dollars in subsidies to get an early lead in what is seen as a promising industry. Global automakers face growing competition in their hom

China's BYD opens EV unit in Thailand; first factory in Southeast Asia

Hong Kong-listed shares of the automaker rose 3.2 per cent to HK$237.60, their biggest intraday jump since June 13

Tesla's best-selling Model Y for 1st time on Chinese govt purchase list

China's eastern Jiangsu provincial government published 56 batches of new energy vehicle procurements for use as service cars by party

Nissan, Honda mull partnering on software, charging infrastructure

Both Japanese automakers have been hit hard in key market China by consumers' shift to low-priced, software-loaded EVs produced by Chinese brands such as BYD

Some ups and downs but EV push is right strategy in long term: Volvo Cars

In India, 27,300 electric cars were sold in the first quarter of 2024-25, showing no year-on-year growth

Canada govt to consider blocking factories in pushback on Chinese EVs

Trudeau's government appears to only be considering tariffs on finished vehicles

Want continuity of policy backing EVs for 8-10 yrs: Mercedes-Benz India MD

Mercedes-Benz India wants the government to commit to continuity in policies that support electric mobility for the next eight to ten years, for stable and better planning towards zero emission mobility, its Managing Director and CEO Santosh Iyer said on Tuesday. Besides, the company feels that providing the incentives given to electric vehicles to hybrid vehicles will extend the timeline for transition to emission free mobility. The company, which had increased EV penetration to 6 per cent in the first quarter of 2024, from 2.5 per cent earlier, expects the momentum to carry going forward with three new EV models slated for launch this year, starting with the EQA next week. "A much more clear roadmap when it comes to taxation on EVs," Iyer told PTI here when asked about the company's expectations from the upcoming Union Budget. "We understand that the Budget may not address the GST topic, but at least if you are able to get a commitment that for the next eight to ten years, this k

Mid-sized cities to be big demand centre for electric vehicles: Report

The gap in demand for electric vehicles between large and mid-sized cities in the country is shrinking and the Tier-II 2 cities are likely to emerge as the next big demand centre for EVs, a report said on Tuesday. An analysis of the electric two-wheeler and car sales by strategic research provider BloombergNEF (BNEF) from 207 cities across 10 states also suggests that the electric two-wheeler sales in some tier 2 markets have surpassed metropolitans while within tier 2 cities, state capitals generally leading the growth in electric car sales. India's electric vehicle sales are growing rapidly but vary considerably across the country's 36 states and union territories. While wealthier, populous and more developed tier 1 cities are the current hubs of India's EV demand, adoption in tier 2 cities is growing, BloombergNEF said in its report. The states covered under the report include Delhi, Gujarat, Haryana, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Rajasthan, Tamil Nadu and Uttar

China's BYD posts 21% rise in quarterly EV sales, closes gap with Tesla

Sales of new energy vehicles including EVs and plug-in hybrids in China made up 46.7 per cent of total car sales in May

In a first, Tesla deliveries expected to dip 6% for second straight quarter

Tesla has hit a speed bump after years of rapid growth that helped make it the world's most valuable automaker

EV sales drop 14% to 106,081 units in June, signalling challenges ahead

Sector experts suggest that the sharp decline could be due to a combination of factors such as changes in government policies and customers shifting interest towards hybrids

From US to Japan, here's how strongest car unions deal with EV job losses

In South Korea, Hyundai Motor Co. and Kia Corp.'s moves toward electrification are provoking similar anxieties in that country's highly active and organised labour movement

Will have our cells in EVs by early 2025: Ola Electric's Bhavish Aggarwal

These cells would be manufactured from its newly set up Ola Gigafactory in Krishnagiri, Tamil Nadu

Electric scooter sales flatten while Ola, Bajaj garner more market share

The question is whether the two wheeler market will cross the one million registration mark which eluded the industry in the last financial year

Aim to make India a core part of the global energy revolution: Ola Electric

Bhavish Aggarwal, founder, says leading global products should be made in the country, for India and the world

Ola Electric working on building solid-state batteries: Bhavish Aggarwal

Solid-state batteries are expected to offer improved safety, a longer lifespan and faster charging compared with conventional lithium-ion batteries that use flammable liquid electrolytes

Argentina about to unleash four new projects to churn out lithium

So far in Argentina, the lithium industry has centered on the provinces of Jujuy, Salta and Catamarca

Cloaked Audis, covert CEO meeting: How VW's $5 bn Rivian bet transpired

Intense testing followed at the Palo Alto facility of how the US startup's architecture and software - controlling virtually every function - would work in the German cars

Low-priced Chinese EVs reaching US from Mexico pose a threat to automakers

It's a scenario that terrifies America's auto industry. Chinese carmakers set up shop in Mexico to exploit North American trade rules. Once in place, they send ultra-low-priced electric vehicles streaming into the United States. As the Chinese EVs go on sale across the country, America's homegrown EVs costing an average of $55,000, roughly double the price of their Chinese counterparts struggle to compete. Factories close. Workers lose jobs across America's industrial heartland. Ultimately, it could all become a painful replay of how government-subsidized Chinese competition devastated American industries from steel to solar equipment over the past quarter-century. This time, it would be electric vehicles, which America's automakers envision as the core of their business in the coming decades. Time and again, we have seen the Chinese government dump highly subsidized goods into markets for the purpose of undermining domestic manufacturing,' Sen. Sherrod Brown, an Ohio Democrat, .