4 h. ago China EV market to consolidate with only 15 brands surviving by 2030

China EV market to consolidate with only 15 brands surviving by 2030 - AlixPartners  Investing.com

Economics

4 h. ago Only 15 electric vehicle brands in China will be financially viable by 2030, AlixPartners says

Only 15 electric vehicle brands in China will be financially viable by 2030, AlixPartners says  Reuters

Economics

5 h. ago Xpeng launches G7 ‘Super AI’ SUV, taking on Xiaomi YU7 and Tesla Model Y

Chinese electric vehicle (EV) maker Xpeng launched its G7 SUV on Thursday, sending another contender into a fierce battle in the premium SUV segment of the world’s largest EV market, where it joins Xiaomi’s recently introduced YU7 in taking on Tesla’s market-leading Model Y. Dubbed Xpeng’s first “Super AI [artificial intelligence] car”, the G7 starts at 195,800 yuan (US$27,325), with the top-of-the-line model selling for 225,800 yuan, the Guangzhou-headquartered company said during a launch...

Politics

8 h. ago Only 15 electric vehicle brands in China will survive by 2030, AlixPartners says

Only 15 electric vehicle brands in China will survive by 2030, AlixPartners says  Reuters

Events

35 h. ago BYD, Geely bank on big discounts to set record car sales, dent smaller rivals

China’s leading electric vehicle (EV) makers from BYD to Geely Auto sustained their strong sales last month as big price cuts lured new buyers, helping boost their market share and heaping pressure on smaller, unprofitable rivals. BYD, the world’s largest EV builder, delivered 382,585 vehicles in June for its best month this year, the Shenzhen-based company said in a filing on Tuesday. While deliveries were little changed from May, they jumped 12 per cent from a year earlier. Geely, China’s...

Economics

59 h. ago China offers tax refund to French cognac makers amid EU brandy probe: source

Beijing has extended an olive branch to French cognac producers by promising a “significant” tax refund if they cooperate with its anti-dumping investigation into European Union brandy sold in China, according to an industry source with knowledge of the matter. Major brands Hennessy, Martell and Rémy Martin have been offered the terms, said the person, who spoke anonymously due to the sensitivity of the issue. To qualify, producers must agree to Beijing’s demands, commit to a minimum selling...

Economics

64 h. ago China’s electric vehicles have disrupted the order of the car industry

China’s electric vehicles have disrupted the order of the car industry  MSN

Politics

3 d. ago Watch China’s Makeup Brands are Winning Over Western Consumers

Watch China’s Makeup Brands are Winning Over Western Consumers  Bloomberg.com

Politics

6 d. ago Xiaomi’s SU7 SUV a hit with mainland Chinese motorists as bookings reach 240,000

Chinese smartphone and electric-vehicle (EV) maker Xiaomi has been flooded with orders for its YU7 SUV, with analysts saying the car could challenge the dominance of the Tesla Model Y, the bestselling SUV on the mainland. The company said that it received 200,000 pre-orders for the YU7 in just three minutes after bookings opened at 10pm on Thursday, with the number rising to 240,000 by 4pm on Friday. The 240,000 bookings for the YU7, priced from 253,500 yuan (US$35,366) to 329,900 yuan, are...

Events

6 d. ago Luxury Brands Bet on Experiential Retail to Revive China Sales

Luxury Brands Bet on Experiential Retail to Revive China Sales  businessoffashion.com

Economics

6 d. ago Shares of China's Xiaomi surge after launch of electric vehicle YU7

Shares of China's Xiaomi surge after launch of electric vehicle YU7  Reuters

Politics

7 d. ago Carmakers GM, Tesla and Ford lead list of US companies in China exposure: report

General Motors, one of America’s top carmakers, leads US companies in its exposure to China, perched in a delicate position as bilateral trade tensions persist amid US President Donald Trump’s steep 55 per cent tariffs on Chinese imports, according to a research report published this week. But GM is hardly alone. Elon Musk’s electric vehicle company Tesla, rival carmaker Ford, engine manufacturer Cummins, aerospace and tech firm Honeywell, beverage giant Coca-Cola, and chipmaker Qualcomm also...

Politics

7 d. ago Xiaomi takes aim at Tesla with 4% cheaper YU7 SUV, a Model Y competitor

Xiaomi, the Chinese smartphone maker and electric-car start-up, priced its YU7 sport-utility vehicle (SUV) at a 4 per cent discount to Tesla’s bestselling Model Y, a move that is expected to draw a wave of orders in a cutthroat market where even the strongest players struggle to break even. The YU7, Xiaomi’s second production model, starts at 253,500 yuan (US$35,322), compared with 263,500 yuan for the Model Y’s basic edition, the Beijing-based company announced at a launch event on Thursday...

Politics

7 d. ago China's Xiaomi sees shares soar to record highs as new electric vehicle draws strong response

China's Xiaomi sees shares soar to record highs as new electric vehicle draws strong response  CNBC

Politics

8 d. ago CATL executive warns of risks from EV price cuts, calls on Beijing to intervene

A senior executive from Contemporary Amperex Technology (CATL), the world’s largest producer of batteries for electric vehicles (EVs), urged authorities on the mainland to intervene in the price war that is roiling the market for new energy cars. Ni Jun, CATL’s chief manufacturing officer, on Wednesday said the brutal discount war would not end if Beijing remained on the sidelines. “One big player cannot always lower prices [to gain market share] while driving out all other small rivals,” he...

Events

8 d. ago Xiaomi speeds up YU7 launch, Tesla’s Robotaxi vs Baidu’s Apollo Go: 7 EV reads

We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. China’s BYD expands car-carrier fleet to bolster EV exports amid furious domestic competition BYD, the world’s largest electric vehicle (EV) maker, has taken delivery of two new car-carrying ships – the largest yet in a growing fleet – as it bets on export growth to counter brutal...

Politics

9 d. ago How China Reportedly Juices Domestic Sales Figures By Exporting Brand New Used Cars

How China Reportedly Juices Domestic Sales Figures By Exporting Brand New Used Cars  The Autopian

Economics

9 d. ago Suez Canal on rails? How this inland Chinese city wants to revolutionise global trade

In Tuanjie Village, in the heart of Chongqing – China’s largest inland city, best known for its spicy hotpot – orange gantry cranes hoist cargo onto goods trains bound for Europe and Russia. Each day, hundreds of containers pass through the sprawling 82,000-square-metre yard, exporting electric vehicles and components or returning with cars, meat, wine and dairy. Just a five-minute drive away, blue cranes mark another yard – this one unloading tropical fruits and raw materials from Southeast...

Politics

9 d. ago Suez Canal on rails? How this Chinese city wants to revolutionise global trade

In Tuanjie Village, in the heart of Chongqing – China’s largest inland city, best known for its spicy hotpot – orange gantry cranes hoist cargo onto goods trains bound for Europe and Russia. Each day, hundreds of containers pass through the sprawling 82,000-square-metre yard, exporting electric vehicles and components or returning with cars, meat, wine and dairy. Just a five-minute drive away, blue cranes mark another yard – this one unloading tropical fruits and raw materials from Southeast...

Politics

1 week ago China's Electric Vehicle Factories Have Become Tourist Hotspots

China's Electric Vehicle Factories Have Become Tourist Hotspots  WIRED

Politics