China

A slew of automakers in China have banded together and pledged to regulate how they market their EVs and avoid further price wars to help stabilize a booming market for consumers. Chinese EV automakers like NIO, XPeng, and BYD have been joined by the likes of Tesla to promote healthy competition and less “bad blood” overseas.

SAIC Motor, a Chinese state-owned automaker, is doubling down on its EV strategy in Europe following encouraging sales so far this year. The massive automaker recently shared plans to erect a new EV production facility overseas, to help deliver models to its growing audience in the market.

Less than a month after rolling its first new coupe SUVs off its assembly lines in China, XPeng Motors has officially launched its latest model – the G6. Priced below $30,000, XPeng sees the G6 as a serious competitor to the Tesla Model Y and plenty of other EVs in China. The automaker has a lot riding on this one as it looks to bolster less-than-stellar sales in its native country as of late.

A 16-megawatt (MW) wind turbine – the world’s largest – is now in place off the southeastern coast of China.

Solar is growing at 33.7% year-on-year and is now at twice the capacity of coal power in China, according to a new report.

China’s Ministry of Finance has confirmed that tax exemptions for New Energy Vehicles (NEVs) scheduled to expire at the end of this year have been extended through 2027. Consumers in China will now be able to take advantage of EV tax breaks amounting to over $4,000 per vehicle to start, which will dwindle down over the next four years.

Just three days after hitting showrooms and opening pre-orders, XPeng Motors’ G6 SUV is garnering a lot of hype in China as over 25,000 customers have already reserved one. This is encouraging news for the automaker, which has put a lot of faith into its latest model as the EV that will compete with the Tesla Model Y and help boost its delivery numbers this year.

FinDreams, the battery unit of Chinese automotive conglomerate BYD, is establishing a joint venture with Huaihai Holding Group. Together, the two companies intend to establish themselves as the world’s largest supplier of sodium-ion batteries for small EVs.

Fisker Inc. announced that it will soon begin selling (and possibly producing) its flagship Ocean SUV in China. Executives from the American automaker recently visited Shanghai and discussed collaboration opportunities in the country, which has enabled plans for a delivery center opening this year followed by first Ocean deliveries in 2024.

Recovering demand in China’s booming EV market led to all major EV builders seeing a rise in sales over the last month. Although NIO was the exception, the EV startup began delivering its second-generation ES6 and is launching a new midsize electric tourer this month.

The construction of China’s first deep-sea floating wind power platform is ready to come online.

Autonomous robotaxi startup Pony.ai has garnered its latest permit in China – this time allowing rides in the city of Guangzhou without a safety officer present in the vehicle. The permit follows recent permissions awarded to the startup in Beijing, as it continues to expand through China and beyond.

NaaS Technology has unveiled this self-driving EV charging robot that finds your EV, smart charges it, and takes auto payments.

South Korean EV automaker Kia Motor announced its initial entry into the market of China, beginning with its super popular EV6 crossover. The automaker debuted several concepts overseas today, including the EV5, which will be its first global model built in China.

Maerdang hydropower station in China, the “highest-altitude facility of its kind,” is expected to begin operations in March 2024.

China’s CATL, the world’s largest EV battery maker, is reportedly offering significantly lower battery costs to some Chinese EV makers, according to CnEVPost today.

Young Chinese EV brand ZEEKR is looking to significantly expand its sales and global footprint in 2023, according to an internal letter outlining several of the Geely-owned marque’s goals. In addition to introducing two new EV models this year, ZEEKR is planning to enter key markets in Europe. It makes us wonder if the US could soon be next.

EV automaker NIO and world leader in battery manufacturing CATL held a signing ceremony in China this week in which the two companies deepen an existing relationship in order to improve EV battery supply chains, advance new EV brands and their respective technology, all while expanding to new markets. Here’s the latest.

Just over six months after teasing first images of its second EV model, Chinese automaker ZEEKR has officially begun production of the 009 MPV. Deliveries of the all-electric, multi-purpose vehicle are expected to follow soon, contributing to the Geely sub-brand’s quick growth and early success.

The US Department of Commerce (DOC) has determined that four out of eight Chinese solar companies that it’s been investigating are “attempting to bypass US duties by doing minor processing in one of the Southeast Asian countries before shipping to the United States.” Here’s what it means for the US solar industry.

US president Joe Biden and China’s president Xi Jinping today agreed to renew climate talks, ending months of silence due to geopolitical tensions. Here’s why that’s a major breakthrough.