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Wednesday 18 December 2024
EU tariffs force NIO to align prices with Porsche as Chinese automakers pivot to hybrids
The European Union has imposed anti-subsidy tariffs on Chinese battery electric vehicles (BEVs), reaching nearly 50%, forcing NIO to consider aligning its prices with luxury automakers...
Wednesday 18 December 2024
Foxconn reportedly considers major investment in Nissan as Honda-Nissan merger talks go on
Foxconn is reportedly eyeing a significant investment in Nissan Motor with aspirations to take over the company's operations, potentially accelerating ongoing merger discussions between...
Wednesday 18 December 2024
Honda and Nissan in talks for potential merger amid heated EV competition
In a strategic move to consolidate resources against mounting competition in the electric vehicle market, Honda and Nissan have begun discussions about a possible merger, which would...
Wednesday 18 December 2024
Gogoro faces leadership shakeup, layoffs, and delisting concerns
Taiwanese electric scooter maker Gogoro's challenges this year have been mounting. It has faced prolonged scrutiny over production origins, and in September, founder Horace Luke departed,...
Wednesday 18 December 2024
Chinese hybrids evade EV tariffs, gain ground in EU
Chinese automakers, led by BYD, are leveraging hybrid electric vehicles (HEVs) to strengthen their foothold in the European market, where the European Union's (EU) increased tariffs...
Tuesday 17 December 2024
Baidu's car dream crashes as Ji Yue Auto spirals, exposing the pitfalls of automaking
Ji Yue Auto's sudden collapse has jolted the industry, marking a sharp and unceremonious shift in Baidu's automotive ambitions. Once the tech giant's symbol of its car-making aspirations,...
Tuesday 17 December 2024
Xiaomi's CNY100 billion cash reserve is seen as lifeline for its automotive ambitions
Given the current competitive landscape among Chinese automakers, it is not surprising that new entrants face challenges in vehicle manufacturing. However, Ji Yue's recent turmoil...
Tuesday 17 December 2024
Chinese EV brands take center stage at Thailand auto show
The Thailand International Motor Expo 2024 showcased 43 brands from nine regions, highlighting Chinese automakers' dominance in the EV sector. Chinese brands capitalized on growing...
Monday 16 December 2024
Taiwanese supply chains diversify as global auto market sees modest growth
Global automotive sales, including new energy vehicles (NEVs), are projected to underperform initial expectations in 2024, yet the market maintains an upward trajectory. Facing growing...
Friday 13 December 2024
Baidu-backed Jiyue Auto hits a wall: CEO admits challenges amid crisis
Jiyue Auto, the automotive startup co-founded by Baidu and Geely, is on the brink of collapse. CEO Joe Xia, in a letter to employees dated December 11, admitted the company faces...
Friday 13 December 2024
BYD expands European EV production; Gotion targets battery growth in Morocco and Slovakia
The European Union's newly imposed tariffs on Chinese electric vehicles (EVs) are sending a ripple of concern through the global auto industry. In response, BYD, the top EV manufacturer...
Friday 13 December 2024
China's EV exports plummet despite its market penetration rate exceeding 50% for four months
China's domestic electric vehicle (EV) sales have maintained a penetration rate of over 50% for four consecutive months, reflecting strong growth in the domestic market, according...
Thursday 12 December 2024
Europe's electrification challenges: refinancing becomes a new dilemma in 2025
The European automotive supply chain encountered significant hurdles in 2024 as electrification demand fell short of expectations, leading to low investment returns and widespread...
Thursday 12 December 2024
Tesla reportedly rekindles India dreams, resumes showroom search
Tesla has reportedly rekindled its interest in the Indian market by resuming its search for showroom space in New Delhi. Having paused its investment plans earlier this year, the...
Thursday 12 December 2024
Intelligent driving sparks competition among Huawei-backed automakers in China
China's automotive sector is witnessing a strategic shift from new energy vehicles to intelligent driving technology in 2024. At the forefront of this transformation is Huawei, whose...