In the world of gasoline cars, Japan's automakers are king. Toyota Motor Corp. has held the title of the world's No. 1 car company for the past three years, while Honda Motor Co. and Nissan Motor Co. remain global best sellers.
Volkswagen AG said lucrative new US incentives for EV makers were just too good to pass up when weighing to pick a partner or build its own factory to make cars for the new Scout brand.
China will likely welcome back its robust EV market soon. Data from the China Passenger Car Association (CPCA) showed that wholesale and retail sales of new energy vehicles (NEV) recovered in February. NEV exports last month also saw a 73% growth from 2022.
Chinese carmaker BYD has reportedly registered a new trademark, "Yun-nian" (cars adorned with cloud patterns), according to several Chinese media outlets. Sources were cited as saying that Yun-nian is a whole new in-house technology for intelligent mobility.
At APEC 2023, Infineon Technologies announced the company is joining forces with Infinitum, creator of the sustainable, breakthrough air core motor. In this technological collaboration, Infineon will provide silicon carbide (SiC) CoolSiC MOSFETs and other key semiconductor components that greatly contribute to the Infinitum motor system's precise motor control, optimal power, and energy savings.
One fourth of the cars sold in China were electric vehicles in 2022, and EV sales are expected to reach more than eight million units in 2023, according to Counterpoint Research.
China-based XPeng finished 2022 with its vehicle margin decreasing from 11.5% to 9.4%. The EV company, which has been under an organization restructuring, plans to further its cost reduction efforts through technological innovation.
Indonesia's EV subsidies are taking effect today on March 20. As the program was announced earlier this month, the government is providing purchase subsidies to achieve sales goals of more than 200,000 units of electric scooters and 359,000 units of electric cars.
China's car market, as the biggest in the world, can provide enough momentum to allow the country to develop a self-sufficient supply chain amid expanding US trade sanctions, according to industry sources.
Worldwide sales of electric vehicles (EV) increased 55% to 10.1 million units in 2022, according to Canalys. China was by far the largest EV market last year, accounting for 59% of all EVs sold.
China-based EV company Nio signed a strategic cooperation framework agreement with its supplier, Ningbo Tuopu Group, on March 16. The pair will collaborate on a "Tier-0.5" model, developing and producing new energy vehicle (NEV) components together.
Volkswagen AG unveiled an affordable electric vehicle that's a couple years away from production, putting Europe's largest carmaker on a collision course with Tesla Inc.
In a major shift towards sustainable transportation, the penetration of commercial electric vehicles (EVs) has as reached as much as 50 percent in some of the major Indian metropolitan cities, according to Euler Motors, a leading cargo EV maker in the country.
China-based battery maker CATL continues to consolidate relationships with automotive OEMs. The company signed an agreement with Beijing Automotive Group (BAIC) on March 13 to co-develop batteries for the carmaker.
