Tag: electric vehicle
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Move Over Mercedes: Chinese Cars Grab Mexican Market Share
By Yussel Gonzalez The growing popularity of Chinese sport utility vehicles and pickup trucks has shaken up Mexico's luxury car market, hitting sales of traditionally dominant brands such as Mercedes-Benz and BMW. According to industry ...
Bolivia Announces $1 Billion Deal With CATL Unit to Build Lithium Plants
Bolivia said Tuesday it had signed a $1 billion deal with China's CBC, a subsidiary of the world's largest lithium battery producer CATL, to build two lithium carbonate production plants in the country's southwest. Bolivia's state-owned Bolivia Lithium Deposits (YLB) said ...
Stymied in the West, Chinese EV Brands Look to Expand in Africa
Just over a million new vehicles were sold in Africa last year, a relatively small number given the continent's enormous population, estimated at 1.5 billion. Chinese auto brands are looking at that discrepancy and think it provides a unique opportunity for ...
Chinese Cars Make Inroads in Latin America
By Paulina Abramovich with AFP offices in Latin America Chilean truck driver Claudio Perez was dubious about his first purchase of a Chinese-made family car two years ago. But the price and quick delivery time convinced him, and now he is ...
Is BYD Triggering Electric Vehicle Price War in Thailand?
Surasit Juksuwanitcha got his BYD Atto 3, his first electric car, in May this year. He had seen a nice advertisement, and many of his friends were already driving BYD. He made the purchase, but weeks later, he became resentful. That ...
China’s BYD Signs Deal to Open Electric Car Plant in Turkey
China's electric vehicle giant BYD on Monday signed a one-billion-dollar agreement with Turkey to open a plant in the country in a move that would help it dodge new EU tariffs. The signing ceremony in Istanbul between BYD's CEO Wang Chuanfu ...
China’s BYD Opens EV Plant in Thailand Despite Slowdown, Tariff Row
By Damon Wake China's electric vehicle giant BYD opened a factory in Thailand on Thursday, continuing its international expansion despite a market slowdown and hours before the European Union was due to impose swingeing tariffs on Chinese EV firms.
What’s Driving the Surge in Brazil’s Business Ties With China
BYD announced that it opened its 100th dealership in Brazil, highlighting the South American country's growing importance to the Chinese electric vehicle giant. The story is similar across the board in tech, agriculture, and natural resources, among other sectors.
China Issues Draft Guidelines to Rein in Lithium Battery Industry
China has released draft guidelines aimed at reining in the country's lithium battery industry, which has been in Western crosshairs over fears subsidized overproduction could flood global markets with cut-price exports. Lithium-ion batteries are a form of rechargeable energy storage used ...
EV Automakers Get Reprieve in U.S. Tax Credit Rules
The U.S. government gave automakers a reprieve Friday when finalizing electric vehicle tax credit rules by letting cars that contain Chinese graphite qualify for the consumer credits through 2026. The confirmation came as the Treasury Department and Internal Revenue Service published final ...
Chinese EV Brands Want to Dominate Global South Auto Markets
Enthusiasm for electric vehicles is waning in both the U.S. and China, but that is definitely not the case in other parts of the world where EV adoption rates are steadily rising. In fact, at the Bangkok Motor Show this week, ...
Photo Essay: Why Thais Prefer Chinese EVs
As the world races to phase out fossil fuels and transition to cleaner energy sources, transportation—like many other industries—is reinventing itself with electrification. Tesla, the American auto company known for its high-end private cars, has for years been the most famous brand in the Western world for ...