We tend to cover a lot of big news pertaining to electric vehicle market leaders (by value and recognition). That said, there are a lots of lesser-known electric vehicle companies that don’t get as much love. The plan is to change that. This is the first of several pieces focusing on electric vehicle companies you may not know yet. One is Weltmeister aka WM Motor, based in China. Below is a quick background on Weltmeister, so you can casually name drop them next time you’re discussing the global EV market.
China Stories February 15
China Stories October 27, 2020
China plans to require that all new cars sold after 2035 be eco-friendly “new energy vehicles” according to Nikkei Asia. The plans were announced in a future road map for new energy vehicles and will be regulated under China’s Ministry of Industry and Information Technology.
The specifics of the plan state that as of 2035, 50% of new cars sold in the country will be either electric, plug-in hybrid, or fuel cell vehicles, and 50% of new cars will be conventional hybrids, which still run entirely on gasoline.
China Stories September 23, 2020
Chinese President Xi Jinping (above), in a surprise announcement yesterday, told the United Nations General Assembly via video that China would achieve a peak in carbon dioxide emissions before 2030 and carbon neutrality before 2060. This will require a radical reshaping of the Chinese economy.
China Stories June 5, 2020
Tesla made about $354 million in Q1 2020 by selling regulatory credits. Fiat Chrysler and General Motors, among others, buy billions of dollars in CO2 credits a year to avoid paying fines. What if a similar credit system to get individuals to drive an electric car, or avoid driving altogether, were put in place? That’s what the Beijing Environmental Exchange launched today.
China Stories June 4, 2020
The first 500 units of the all-electric Aiways U5 SUV are on their way to Europe. Their arrival will mark the first batch of Made-in-China EVs to be put on European roads, paving the way for a new level of affordability for long-range electric vehicles.
China Stories May 19, 2020
In the latest update to Bloomberg’s “Electric Vehicle Outlook,” forecasters say the world will never buy as many traditional gas-powered cars and trucks as we did in 2017. While gas cars will continue to make up more than half of global auto sales for years ahead, gas cars have already peaked – and EVs will now take over.
China Stories May 12, 2020
Huawei’s 5G-based HiCar technology is not just another auto infotainment system. It’s more like an interface to the car’s core operating system and a vehicle-to-X channel to the road. HiCar will first appear on the BYD Han EV in June, before arriving in models from about 30 different auto brands.
China Stories May 8, 2020
The Shanghai Municipal Government yesterday announced its smart-city action plan. Activities include adding 100,000 charging ports, so-called Internet-of-Vehicle roadways, and 34,500 5G base stations. Those charging ports double as interactive devices that collect a lot of data, including “user portraits.”
China Stories April 13, 2020
With lockdowns lifting in China, car buyers are coming back in droves. Personal vehicles have new appeal as consumers hold fears about the safety of public transit. The return of car purchasing in China could be a boon for EV makers.
China Stories March 30, 2020
Retail auto sales in China dropped 45% in the first three weeks of March. It might take into the fall for the Chinese auto market to recover. So, to jumpstart the resumed sales of EVs, automakers are using creative but gimmicky methods. Will they bring car buyers back to dealerships and put them behind the wheel of an EV?