Tag: electric vehicles
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Chinese Automakers Look to Developing Countries to Boost Sales and Production
The war in Ukraine opened new production opportunities for Chinese automakers in Central Asia, while growing demand in Latin America and South Asia for SUVs and EVs has sparked a new sales push in those regions by some of China's largest car brands:
The Cost to Build An EV Battery is Going Up… A Lot
This chart explains in part why Chinese battery giants are moving as fast as possible to lock up supplies of the key ingredients needed to manufacture lithium-ion batteries used to power electric vehicles. With the cost of certain materials, particularly lithium ...
Thai Electric Vehicle Subsidy Draws Chinese Giant
The Chinese electric vehicle giant BYD will set up its first production facility in Thailand. The move is expected to put pressure on other manufacturers who are also foregrounding Thai business due to a coming government subsidy expected to boost ...
China Moving Quickly to Diversify Sourcing of Strategic Minerals and Metals With New Deals Announced in Africa, Asia and LatAm
With demand for the minerals and metals used to power electric vehicles far outstripping supply, China's largest mining companies are moving quickly to diversify their sourcing strategic resources including cobalt, nickel, lithium and rare earths among others. There's been a lot ...
Lithium Follows Cobalt’s Lead With New Record Production Output
The surging demand for electric vehicles in China, the U.S., and Europe is powering new demand for lithium, a key ingredient used to make EV batteries. Global mined lithium production hit a record high in 2021 of 100,000 tonnes (excluding the ...
After Two Years of Laying Low, Xi Emerges With a Flurry of Presidential Diplomacy on the Olympic Sidelines
Chinese President Xi Jinping emerged from nearly two years of relative diplomatic isolation on Friday for a flurry of one-on-one meetings with some of the 30 heads of state in town for the opening ceremony of the Winter Olympics in Beijing. ...
Meet the CityBug: The Newest Chinese-made EV to Go On Sale In South Africa
South Africa lags far behind other middle-income countries in the availability of electric vehicles but Chinese brands like Eleksa are hoping to change with the introduction of new cars like the $15,000 Citybug. The two-door compact seats four and has a ...
China, Africa and the Global Race to Source EV Battery Metals
Chinese automakers smashed another monthly record for production and sales of electric vehicles in October. Car companies produced just under 400,000 vehicles last month, up 133% from the same time last year and almost 10% from September, according to new data from the Chinese ...
South African Retail Giant Woolworths Turns to China’s SAIC For New Electrified Delivery Vans
When South African online shoppers get their groceries delivered from the retail giant Woolworths, they'll come in one of the company's new Chinese-made electric-powered delivery vans. Woolworths announced that it will use the Shanghai-based auto major SAIC's Maxus ...
Kenyan Startup BasiGo Begins Selling Locally-Manufactured BYD Electric Buses From China
The mobility startup Basigo on Tuesday officially launched operations in Nairobi, where it is now manufacturing electric-powered buses from kits imported from the Chinese EV giant BYD. BasiGo will sell two versions of its coaches, 25 and 36 ...
China’s Largest EV Battery Manufacturer Wants to Move Beyond Cobalt
While Chinese companies are investing billions of dollars to build new cobalt mines in the Democratic Republic of Congo as part of a broader effort to control the global electric vehicle battery market, they're also moving fast to develop new batteries that, in the future, won't rely ...
Update on the China-DR Congo Mining Contracts Dispute
After months of negative media coverage, Chinese mining companies in the Democratic Republic of the Congo are pushing back against the perception they aren't fulfilling their contractual obligations to provide social services and build infrastructure for the local communities where they ...