In late 2022, Volkswagen ceded its title of best-selling car brand in China to local EV manufacturer BYD.
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BYD’s push into Mexico foreshadows a competitive threat to the local automakers as well as to companies operating in the US.
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The first delivery volumes from Franco-Italian automaker Stellantis are expected to begin in the first half of this year.
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While European automakers are reliant on external suppliers, Chinese rivals are highly vertically integrated, producing almost everything in-house.
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A bipartisan group of US lawmakers has urged the Biden administration to hike tariffs on Chinese-made vehicles.
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SK Siltron CSS will be receiving USD 544 million to expand a plant in Bay City, Michigan that produces high power silicon carbide wafers used …
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INDUSTRY NEWSLatest News
Mercedes-Benz delays electrification goal, beefs up combustion engine line-up
Mercedes-Benz’s 2024 outlook was affected by slower economic growth, supply chain bottlenecks, and trade tensions between China and both the US and EU.
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BluSmart operates close to 6,000 EVs and has completed over 12 million all-electric trips, having covered 400 million all-electric kilometres.
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While the vote is not binding, it poses an obstacle for the US EV maker’s plans to double the capacity of its German site.
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High cost of EVs has become a barrier to broader mass adoption, thus carmakers like Stellantis and Renault are trying to develop more affordable models.