Every EVXL story tagged “China” — newest first.
General Motors faces a significant financial setback in China, announcing a $5.5 billion write-off as its joint venture struggles amid the country’s rapid transition to electric vehicles. This development marks a crucial turning point in the world’s largest automotive market and serves as a warning sign for traditional automakers, reports Barron’s. The Financial Impact The…
In a concerning development for the electric vehicle industry, new analysis suggests that the elimination of federal tax credits under a second Trump presidency could significantly impact EV adoption rates in the United States. According to research by economists from UC Berkeley and Duke University, the removal of the $7,500 federal incentive could result in…
Japanese automakers, including their emerging EV divisions, might face new challenges as incoming U.S. President Donald Trump considers imposing significant tariffs on Japanese vehicle exports, according to Moody’s Analytics senior economist Stefan Angrick in a recent interview. Campaign Promises and Trade Tensions Trump’s campaign included promises of sweeping tariffs ranging from 10% to 20% on…
Swedish EV battery manufacturer Northvolt has filed for Chapter 11 bankruptcy protection in the US, with only enough cash to keep operations running for about a week, according to Reuters. Financial Struggles Hit Hard The company, which produces battery cells for electric vehicles, is facing a severe liquidity crisis with just $30 million in cash…
Premium EV maker Nio reported disappointing third-quarter results as intense price competition in China’s electric vehicle market continues to squeeze margins and impact sales targets, reports Bloomberg. Revenue Growth Overshadowed by Losses The Chinese automaker posted revenue of 18.7 billion yuan ($2.6 billion) in Q3 2023 after delivering 61,855 vehicles, falling short of analyst expectations.…
China just hit a massive milestone in its EV revolution, with its 10 millionth electric vehicle rolling off production lines – beating 2023’s output seven weeks early according to a report from OilPrice.com. Record-Breaking Growth Despite Economic Challenges Chinese EV makers are crushing it this year. They’ve delivered 9.75 million units to mainland buyers between…
In a striking challenge to Tesla’s battery technology direction, CATL founder and chairman Robin Zeng has publicly criticized Elon Musk’s commitment to 4680 cylindrical cells, predicting their ultimate failure. This bold statement comes from the leader of the world’s largest EV battery manufacturer, as reported by Reuters. Sharp Criticism from Battery Giant During their April…
Luxury automaker Bentley Motors has pushed back its timeline for going fully electric, announcing it will continue producing gas-powered vehicles until 2035 – five years later than originally planned. The British manufacturer also revealed its first electric vehicle will be an “urban SUV” coming in 2026, according to information shared by the company on Thursday,…
One email. Six stories. Filed each morning before the world is. Read by Tesla owners, Rivian preorder holders, dealer GMs, and the analysts that move EV stocks.
