Tesla is eager to defend its market share in China as sales plunge in the United States and Europe and local rivals push sales more aggressively.
Tesla is eager to defend its market share in China as sales plunge in the United States and Europe and local rivals push sales more aggressively.
Xin Tianshu will replace Gregoire Olivier as COO for China and leader of Stellantis' strategic alliance with Chinese electric vehicle startup Leapmotor.
Farizon will compete against Ford, Renault and Stellantis in the growing sector as legislative pressure mounts to sell more EVs in a market reluctant to shift from diesels.
Genesis will roll out locally produced electrified models in China over the next three to five years, the Beijing-based Economic Observer reported, citing the brand’s China CEO Zhu Jiang.
Tesla Inc. suffered another big drop in its China wholesales last month as BYD Co. pulled further ahead in the world’s biggest electric-vehicle market.
Chinese smartphone maker Xiaomi Corp. started selling a high-performance variant of its first full-electric four-door sedan Feb. 27. Pricing starts at 529,900 yuan ($72,990).
The flagship electric sedan will charge quicker and go farther than any EV in the automaker’s lineup. It will also be the sleekest Volvo in the company’s nearly 100-year history.
BYD global sales surged 93 percent year over year to 623,384 on demand for its PHEVs in the first two months of 2025, while Geely deliveries rose 45 percent to 471,647 on volumes generated by its full EV models.
French suppliers Forvia and Valeo posted declines in sales revenue last year in China as their traditional customers lost ground to local competitors amid the market’s fast pivot to electrified vehicles.
Leapmotor is one of two Stellantis brands along with Opel that have committed to the show in September.
The Chinese company’s aviation-focused arm is targeting a price of less than $300,000 for the Land Aircraft Carrier including the eVTOL. The company says it has taken 3,000 orders.
The ZF subsidiary is also warning other companies in the auto industry against using two transmissions, citing “potential patent infringement risks.”
SAIC-GM will take a two-pronged approach to product development in China, its president, Lu Xiao, told dealers.
New brands offer greater choice for customers, and fresh impetus to a stagnating EV market. But for the established hierarchy, they bring fresh challenges.
The factory will have an annual capacity of 15 gigawatt hours, which is equivalent to about 187,000 EV batteries.
Tesla is facing criticism for the autopilot update, which customers say is offered at a lower price or for free from Chinese rivals such as BYD, Huawei and Xiaomi.
Tesla plans to tell customers the system will guide vehicles to exit ramps and intersections, and that it can recognize traffic signals, make turns and handle changing lanes and speeds, Bloomberg reported.
The partnership will be extended later to include other EV services such as battery recycling and vehicle-to-grid technology.
The partnership adds another state-owned automaker betting on Huawei, which has risen to prominence as a supplier of smart driving technologies, to boost EV sales.
The EU voted to increase tariffs on Chinese-made EVs to as much as 45.3 percent in October after the European Commission - which oversees EU trade policy - launched an probe into whether Chinese companies benefited from preferential grants, subsidies and financing.
India’s government in March unveiled a new EV policy lowering import taxes substantially to 15 percent if a carmaker invests at least $500 million and sets up a factory.
The EREV technology, which Xpeng calls Super Electric, adds an internal combustion engine to an electric drivetrain, resulting in a combined range of 1,400 km, of which 430 km is battery-only.
Wang Chuanfu said China leads in terms of products, technology and the industrial chain.
Vehicle shipments in China rose 0.8 percent to top 2.13 million in January, the China Association of Automobile Manufacturers said.
The deal gives Geely better access to South America's largest market and helps Renault increase utilization of its factory in Brazil.
Consumer complaints included criticism that BYD had released a newer Seal model with technology upgrades at the same price just weeks after a customer bought an older version
BYD has struggled to make an impact in Europe but its ambitions are bold. Local production and a wider scope of offerings will give the Chinese automaker a major boost.
Does the legacy industry stand a chance against fast and hungry Chinese competitors?
The Shenyang plant produces Buick GL8 minivans and the Chevrolet Tracker crossover for the China market, where the automaker's sales have skidded from a peak in 2017.
“They don’t want to play by our rules,” Flavio Volpe, president of the Automotive Parts Manufacturers’ Association, says of China.
The group aims to sell 710,000 units this year and make a renewed push overseas targeting European, Middle East and East Asia markets.