Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany. [Photo/Agencies] BERLIN – Ford plans to cut up to 3,200 jobs across Europe and move some product development work to the United States, Germany’s IG Metall union said on Monday, vowing action that would disrupt the carmaker across the continent if… Continue reading Ford to cut up to 3,200 European jobs, union says, vowing to fight
Author: China Daily Online News
China’s EV charging points see rapid expansion in 2022
A resident in Baofeng county, Henan province, charges his new energy vehicle, on Nov 26, 2021. [Photo/Xinhua] BEIJING – The number of charging points for electric vehicles (EVs) in China grew at a rapid pace in 2022, new data showed Wednesday. The country had 5.21 million charging points at the end of 2022, including over… Continue reading China’s EV charging points see rapid expansion in 2022
BYD eyes win-win opportunities in Japan’s EV market
People experience a BYD Han electric car during a media preview of the 100th Brussels Motor Show in Brussels, Belgium, Jan 13, 2023. [Photo/Xinhua] TOKYO — China’s leading electric vehicle manufacturer BYD is seeking win-win opportunities in Japan’s auto market as the company is set to start selling its first battery EV in the country.… Continue reading BYD eyes win-win opportunities in Japan’s EV market
China, Europe cooperation fuels EV market
A production line of Nio in Hefei, Anhui province. [Photo by Xie Chen/For China Daily] BRUSSELS – As the auto industry worldwide transitions towards electromobility and the number of Chinese-made “new energy vehicles” sold globally is on a steady increase, more and more carmakers and dealers across Europe consider the competition from Chinese manufacturers an… Continue reading China, Europe cooperation fuels EV market
Chinese electric cars, scooters gain ground on Cuban streets
Photo taken on January 13, 2023, shows an electric tricycle assembled in the assembly plant of the VEDCA company running on a street, in Havana, capital of Cuba. [Photo/Xinhua] HAVANA — For Cuban Yosvany Abreu, life has changed after he bought a Chinese electric tricycle last year. The 35-year-old man living in Marianao, a municipality… Continue reading Chinese electric cars, scooters gain ground on Cuban streets
Asensing to build manufacturing facility in Shanghai
Asensing unveils the company’s R&D facility in Shanghai on Jan 12, 2023. [Photo provided to chinadaily.com.cn] Asensing, a Chinese startup specializing in high-precision positioning technology, is building a large manufacturing base involving production and research and development in Shanghai, one of China’s most important automotive manufacturing hubs. The company announced the plan on Thursday. The… Continue reading Asensing to build manufacturing facility in Shanghai
New Chinese buses roll into Mongolia
Eighteen buses await customs clearance at Ereenhot Port recently. [Photo by Guo Pengjie/chinadaily.com.cn] A fleet of 18 domestically produced buses passed their customs export clearances on Monday at Ereenhot Port in the Inner Mongolia autonomous region and headed to Ulaanbaatar, capital of neighboring Mongolia. It was part of a tranche of 224 buses that will… Continue reading New Chinese buses roll into Mongolia
China exempts over $12b purchase tax of NEVs in 2022
Visitors inspect Xpeng’s models in a shopping mall in Beijing in October. CHINA DAILY China exempted the purchase tax of new energy vehicles (NEV) for more than 80 billion yuan ($11.9 billion) in 2022 as an effort to boost low-carbon growth and NEV consumption, figures from State Taxation Administration showed on Friday. Figures showed that,… Continue reading China exempts over $12b purchase tax of NEVs in 2022
NEV sales to rise by 40% in 2023, says expert
An employee works on an electric vehicle assembly line in Ningde, Fujian province, in August. [Photo/Xinhua] China’s NEV sales in 2023 may rise by up to 40 percent year-on-year, as customers’ demand continues to soar, said a top expert of China EV 100, a major think tank in the industry. The growth rate will prompt… Continue reading NEV sales to rise by 40% in 2023, says expert
CATL forecasts higher net profit for 2022
Visitors learn about new energy vehicles’ battery-changing process at the booth of Contemporary Amperex Technology Co Ltd during an expo in Xiamen, Fujian province, in September. [Photo/Xinhua] Contemporary Amperex Technology Co Ltd, China’s largest electric vehicle battery maker, said in a forecast announcement that it booked a net profit between 29.1 billion yuan ($4.32 billion)… Continue reading CATL forecasts higher net profit for 2022