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 5
China Stories June 4
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
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
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
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
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
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?
China Stories March 26
Wuling Motors, a joint venture with General Motors and SAIC Motor, revealed photos this week of its first all-electric vehicle. The company said that it’s inspired by Japanese Kei cars, among the world’s smallest highway-capable vehicles. It could give us a glimpse of the type of cars that GM will help fulfill the country’s promise of selling a million EVs a year by the middle of the 2020s.
China Stories March 24
Sales of electric vehicles in China were already in a slump after the government cut subsidies last year. The coronavirus is now resulting in a free fall for the overall vehicle market, including EVs. The drop in electric car sales is prompting Beijing to consider bringing back incentives, starting with local sources.
China Stories March 20
NIO’s last quarter and 2019 financial results show the EV startup is focused on increasing efficiency and reducing costs. expand full story