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China's Rare Earth Restrictions Cripple Auto Industry Globally
The global auto industry has been rocked by China's decision to restrict exports of rare earth magnets that are crucial to making vehicles. Beijing is using this as a key weapon in its trade war with Washington.
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Shanghai Auto Show: Self-Driving Safety Concerns, Trade War Rule Stage
Regulators last week cracked down on the use of marketing terms like "smart driving" and "autonomous driving" after a fatal accident involving Xiaomi's best-selling SU7 EV in March.
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NITI Aayog: Cost Advantage To Boost Indias Position In Automotive Component Market
China is the largest auto components supplier to India, contributing close to 23 per cent of India's imports, the NITI Aayog report added.
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Xiaomi Unveils YU7 Electric SUV With China Launch Set for Next Year
Xiaomi announced its latest electric vehicle (EV) dubbed the Xiaomi YU7 for the Chinese markets on Tuesday. It is expected to join the Chinese company’s growing fleet of electric cars that currently include the SU7. Although specifics are yet to be revealed, the Xiaomi YU7 is anticipated to be its SUV offering that will aim to take on the likes o...
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India To Surpass China To Become World's Largest 2-Wheeler Market In 2024
The electric E2W market is growing at a rapid clip, with 2024 sales penetration expected to be 1.5 times that of four-wheeler passenger EVs.
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Volkswagen Tharu XR SUV Launched In China; Taigun Facelift For India?
Volkswagen Taigun-based Tharu XR SUV goes on sale in China with substantial cosmetic changes. Is it the Taigun facelift for the Indian market?
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Xiaomi Launches SU7 Electric Car in China as Smartphone Maker Takes Aim at EV Giant Tesla
Chinese smartphone maker Xiaomi launched a sporty electric car on Thursday with styling cues drawn from Porsche and priced below Tesla's Model 3, highlighting the stiff competition from new entrants in an already crowded EV market in China.
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Xiaomi Says EV Plans Running Ahead of Schedule Amid Revenue Drop Report
Chinese smartphone maker Xiaomi reported a 4 percent revenue drop in the second quarter, tracking a shrinkage in China's handset market, but said its move into making electric vehicles was running ahead of schedule. Sales dropped to CNY 67.4 billion (nearly Rs. 76,450 crore) from CNY 70.17 billion (nearly Rs. 80,650 crore) in the same quarter a ye...
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EV Maker BYD Said to Be Planning to Invest $1 Billion in India for Electric Cars, Batteries
China's BYDÂ has submitted a $1 billion (nearly Rs. 8,200 crore) investment proposal to build electric cars and batteries in India in partnership with a local company, three people with direct knowledge of the plan told Reuters. BYD and privately held Hyderabad-based Megha Engineering and Infrastructures have submitted a proposal to Indian regulato...
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With $2.45 Billion Investment in India, Can Hyundai Challenge China's EV Dominance?
SNE Research which provides global market research and consulting to the rechargeable batteries industry ranked Hyundai as the top sixth EV carmakers by sales in 2022. The Asian carmaker is ramping up its production capabilities as it aims to become one of the world's top three electric vehicle manufacturers by 2030.
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Smaller EV Prices to Drop in Coming Months as EV Sales Climb, IEA Says
Nearly one in five cars sold globally this year will be electric, with the prices of smaller EV models dropping to rival those of combustion engine cars in North America and Europe by the mid-2020s, the International Energy Agency (IEA) predicted on Wednesday. The agency raised its EV sales forecasts in part because of the USÂ Inflation Reduction A...
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India Now World's 3rd Largest Auto Market After China And US: Report
India eclipsed Japan in auto sales last year, according to the latest industry data, making it the third-largest auto market for the first time, Nikkei Asia reported on Friday.
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Stellantis Sees India As Profitable Auto Market Amid Challenges In China, Russia
Stellantis chief Carlos Tavares expects India to be a profitable market and a bigger growth opportunity than the carmaker previously expected as it faces challenges in countries such as China and Russia.
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Asia Shares Join Global Rebound On Easing Of Fed Hike Fears, China Tech Boost
Asian shares on Friday extended overnight global gains thanks to strong results from regional tech firms and U.S. retailers
-
Tesla Raises Prices For Some Model Y Cars In China
Tesla Inc has raised the price for some Model Y cars for the Chinese market, its website showed.
-
China's Rare Earth Restrictions Cripple Auto Industry Globally
The global auto industry has been rocked by China's decision to restrict exports of rare earth magnets that are crucial to making vehicles. Beijing is using this as a key weapon in its trade war with Washington.
-
Shanghai Auto Show: Self-Driving Safety Concerns, Trade War Rule Stage
Regulators last week cracked down on the use of marketing terms like "smart driving" and "autonomous driving" after a fatal accident involving Xiaomi's best-selling SU7 EV in March.
-
NITI Aayog: Cost Advantage To Boost Indias Position In Automotive Component Market
China is the largest auto components supplier to India, contributing close to 23 per cent of India's imports, the NITI Aayog report added.
-
Xiaomi Unveils YU7 Electric SUV With China Launch Set for Next Year
Xiaomi announced its latest electric vehicle (EV) dubbed the Xiaomi YU7 for the Chinese markets on Tuesday. It is expected to join the Chinese company’s growing fleet of electric cars that currently include the SU7. Although specifics are yet to be revealed, the Xiaomi YU7 is anticipated to be its SUV offering that will aim to take on the likes o...
-
India To Surpass China To Become World's Largest 2-Wheeler Market In 2024
The electric E2W market is growing at a rapid clip, with 2024 sales penetration expected to be 1.5 times that of four-wheeler passenger EVs.
-
Volkswagen Tharu XR SUV Launched In China; Taigun Facelift For India?
Volkswagen Taigun-based Tharu XR SUV goes on sale in China with substantial cosmetic changes. Is it the Taigun facelift for the Indian market?
-
Xiaomi Launches SU7 Electric Car in China as Smartphone Maker Takes Aim at EV Giant Tesla
Chinese smartphone maker Xiaomi launched a sporty electric car on Thursday with styling cues drawn from Porsche and priced below Tesla's Model 3, highlighting the stiff competition from new entrants in an already crowded EV market in China.
-
Xiaomi Says EV Plans Running Ahead of Schedule Amid Revenue Drop Report
Chinese smartphone maker Xiaomi reported a 4 percent revenue drop in the second quarter, tracking a shrinkage in China's handset market, but said its move into making electric vehicles was running ahead of schedule. Sales dropped to CNY 67.4 billion (nearly Rs. 76,450 crore) from CNY 70.17 billion (nearly Rs. 80,650 crore) in the same quarter a ye...
-
EV Maker BYD Said to Be Planning to Invest $1 Billion in India for Electric Cars, Batteries
China's BYDÂ has submitted a $1 billion (nearly Rs. 8,200 crore) investment proposal to build electric cars and batteries in India in partnership with a local company, three people with direct knowledge of the plan told Reuters. BYD and privately held Hyderabad-based Megha Engineering and Infrastructures have submitted a proposal to Indian regulato...
-
With $2.45 Billion Investment in India, Can Hyundai Challenge China's EV Dominance?
SNE Research which provides global market research and consulting to the rechargeable batteries industry ranked Hyundai as the top sixth EV carmakers by sales in 2022. The Asian carmaker is ramping up its production capabilities as it aims to become one of the world's top three electric vehicle manufacturers by 2030.
-
Smaller EV Prices to Drop in Coming Months as EV Sales Climb, IEA Says
Nearly one in five cars sold globally this year will be electric, with the prices of smaller EV models dropping to rival those of combustion engine cars in North America and Europe by the mid-2020s, the International Energy Agency (IEA) predicted on Wednesday. The agency raised its EV sales forecasts in part because of the USÂ Inflation Reduction A...
-
India Now World's 3rd Largest Auto Market After China And US: Report
India eclipsed Japan in auto sales last year, according to the latest industry data, making it the third-largest auto market for the first time, Nikkei Asia reported on Friday.
-
Stellantis Sees India As Profitable Auto Market Amid Challenges In China, Russia
Stellantis chief Carlos Tavares expects India to be a profitable market and a bigger growth opportunity than the carmaker previously expected as it faces challenges in countries such as China and Russia.
-
Asia Shares Join Global Rebound On Easing Of Fed Hike Fears, China Tech Boost
Asian shares on Friday extended overnight global gains thanks to strong results from regional tech firms and U.S. retailers
-
Tesla Raises Prices For Some Model Y Cars In China
Tesla Inc has raised the price for some Model Y cars for the Chinese market, its website showed.
