Thursday, February 22, 2024

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Price war in China’s passenger car market to remain fierce in 2024, says CPCA secretary-general

The process of new manufacturers replacing old ones in the process of establishing a new market order will likely continue for several years until...

EV Development Faces New Challenges, Porsche CFO Suggests Delay in European Ban on New Fuel Cars

Porsche’s Chief Financial Officer Lutz Meschke has stated in a media interview following the conclusion of the Macan EV unveiling on January 25, 2024,...

Six Companies, Including BYD and CATL, are Included in the U.S. Procurement Ban List

The U.S. lawmakers is reportedly attempting to further drive the “decoupling” of the Pentagon’s supply chain from China. According to sources cited by Bloomberg,...

China issues guidelines for vehicle-grid interaction, aims for NEVs to be mobile energy storage facilities

China aims for NEVs to become an important part of the energy storage system by 2030, providing tens of millions of kilowatts of regulation...

Mercedes-Benz Granted Conditional Automated Driving Test License in Beijing

Mercedes-Benz has secured an approval for a conditionally automated driving (Level 3) highway road test license on designated area in the Chinese capital. Mercedes-Benz's Level...

BMW gets permit to test vehicles with L3 self-driving features in Shanghai

BMW has been permitted to test vehicles with self-driving features in Shanghai, becoming the second international automaker after GM to receive the permit in...

GAC Honda Axes 900 Jobs in Response to Electric Vehicles Revolution

Honda, the Japanese automotive giant, is set to lay off around 900 employees from its Chinese joint venture, GAC Honda. This move comes as...

Tesla plans to restart Giga Shanghai phase 3 project, report says

Tesla plans to restart the third phase of Shanghai plant project, possibly focusing on the production of the $25,000 model, according to local media. Tesla...

BMW to build charging network in China with Mercedes, aiming for 1,000 supercharging stations by 2026

BMW Brilliance and Mercedes-Benz will set up a 50:50 shareholding joint venture to operate a supercharging network in China. BMW will work with Mercedes-Benz to...

Amid Chinese Car Price War, Tesla Takes a Step Back, while BYD Secures Sales Crown

Tesla initiated a price war in the Chinese market this year, forcing local manufacturers to confront the challenge. However, after nearly a year of...

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