Author: China Daily Online News

China’s SAIC Motor opposes ‘artificially setting up trade barriers’

A poster for an MG-4 EV, a brand of Chinese state-owned carmaker SAIC, is displayed at a car showroom in Santander, Spain, June 13, 2024. [REUTERS/Vincent West] BEIJING – SAIC Motor, a major Chinese carmaker, said it will take further legal action to defend its rights and interests if necessary as the European Commission will… Continue reading China’s SAIC Motor opposes ‘artificially setting up trade barriers’

Chang’an and Huawei expand NEV partnership in Chongqing

Chinese automaker Chang’an and Chinese tech giant Huawei sign a comprehensive strategic cooperation agreement on Aug 20 in Chongqing. According to the agreement, Avatr, a Chang’an-affiliated NEV company, will acquire a 10 percent stake in Huawei’s smart auto business Yinwang for 11.5 billion yuan ($1.6 billion). [Photo provided to chinadaily.com.cn] Chinese automaker Chang’an and tech… Continue reading Chang’an and Huawei expand NEV partnership in Chongqing

China auto association slams unfair EU tariffs on EVs

A SAIC model is driven into a cargo ship headed to Europe. [Photo provided to chinadaily.com.cn] BEIJING – The China Association of Automobile Manufacturers (CAAM) on Wednesday expressed strong dissatisfaction and firm opposition to the European Commission’s plan to slap hefty import duties on Chinese electric vehicles (EVs). Last month, the commission imposed provisional additional… Continue reading China auto association slams unfair EU tariffs on EVs

China’s BYD enters Pakistani market

BYD showcases three models at an experiential event held in Lahore, Pakistan, on Aug 17, 2024. [Photo provided to chinadaily.com.cn] Chinese new energy vehicle maker BYD is to launch three models soon in Pakistan, as it steps up efforts to explore overseas markets. The Sealion 6, Seal, and ATTO 3 were showcased at an experiential… Continue reading China’s BYD enters Pakistani market

EV depreciation hits leasing biz in Europe

Rental cars at an automobile rental depot of Europcar Mobility Group in Hamburg, Germany, in 2021. STEFANIE LOOS/GETTY IMAGES Low residual values for electric vehicles have pushed European leasing firms to raise prices and some are threatening to quit the business altogether if they are forced to go electric too fast, according to a report. Different… Continue reading EV depreciation hits leasing biz in Europe

Chinese makers of BEVs voice concern over potential EU duties

A ro-ro ship carrying Chery vehicles is set to travel to overseas markets from a port in Wuhu, Anhui province, in May. [WANG YUSHI/FOR CHINA DAILY] Chinese makers of battery-powered electric vehicles are “gravely concerned” over any European Commission’s move to levy countervailing duties on the imports of battery electric vehicles (BEVs) from China, while… Continue reading Chinese makers of BEVs voice concern over potential EU duties

Big milestone: NEV sales lead all segments

Export-bound NEVs await shipment in Xiamen, Fujian province. CHINA DAILY China’s new energy vehicle or NEV sector has achieved a milestone by surpassing the market share of fossil fuel-powered cars for the first time, in an accelerated drive toward a greener and more intelligent future. Retail sales of NEVs nationwide reached 878,000 units in July,… Continue reading Big milestone: NEV sales lead all segments

China’s NEV industry speeds up for greener, smarter future

BYD’s electric models attract visitors at a new energy auto expo in Beijing. [Photo by A QING / FOR CHINA DAILY] BEIJING – China’s new energy vehicle (NEV) sector has achieved a milestone by surpassing the market share of fuel-powered cars for the first time, in an accelerated drive toward a greener and more intelligent… Continue reading China’s NEV industry speeds up for greener, smarter future

Indonesia, Chinese firms combine to drive EV growth

A visitor experiences a Changan DEEPAL S7 during the 45th Bangkok International Motor Show in Bangkok, Thailand, on March 27. WANG TENG/XINHUA After driving his Wuling Binguo electric vehicle for about half a year, Luthfi, a resident of Jakarta, Indonesia, found the experience of using his first EV to be “pretty good”. “The (EV charging)… Continue reading Indonesia, Chinese firms combine to drive EV growth