Amazon is primarily using on-site charging at its delivery stations for its growing electric vehicle fleet in India, while collaborating with partners to expand public charging networks and greener transport options, aiming to introduce over 1,000 electric trucks in the next five years.
The EU and UK car industries are urging the European Commission to adjust the Brexit trade deal, seeking a second suspension of tariffs on electric vehicle imports due to struggles in meeting 'made in Europe' battery production targets by 2027.
Chinese electric vehicles face steep barriers in the U.S., but analysts say partnerships with U.S. automakers and production in Mexico, Canada or the U.S. could eventually open the market. Political resistance, tariffs and software rules remain significant obstacles.
Chery, China's largest car exporter, sold three times as many vehicles overseas as domestically in May, with international sales comprising 73% of its total. This trend mirrors other Chinese automakers like BYD and Great Wall Motor, who are also expanding globally.
UK car sales reached their highest May level since before Covid, with a 7% rise to 160,662 units. Chinese brands like BYD and Chery saw significant growth, alongside Tesla. Electric car sales led the surge, accounting for over 27% of the market.
UK car sales rose 7% in May to 160,662, the highest for the month since before Covid. Chinese brands like BYD and Chery saw significant growth, alongside Tesla. Increased demand for EVs is driving compliance with ZEV targets, despite lobbying for weaker regulations.
Tesla's Shanghai Gigafactory saw a 39.4% year-on-year increase in EV sales in May, delivering 85,982 units. This growth aligns with a broader recovery in China's EV market, with total passenger EV sales rising 12% year-on-year.
Ethiopia is accelerating its shift to electric vehicles, driven by high fossil fuel import costs and a government ban on gasoline/diesel car imports. The country aims for 500,000 EVs by 2030, leveraging its hydropower resources, though charging infrastructure remains a challenge.
India will require car manufacturers to test fuel efficiency with AC on and off for new models starting April, aiming for more accurate mileage figures for consumers. Existing models will get extra time. Both ICE and EV vehicles are included.
China's electric vehicle sales rebounded in May, driven by new models with advanced features and strong performance from brands like Zeekr and Leapmotor. Despite recovery, overcapacity remains a concern.
Morgan Stanley analyst Tim Hsiao predicts AI advancements will soon bring Level 3 autonomous driving to market, potentially becoming the norm. Carmakers will need to upgrade AI capabilities for both driving and in-car experiences to differentiate EVs.
Lamborghini CEO Stephan Winkelmann defends canceling EV plans for plug-in hybrids, citing weak demand, as Ferrari's all-electric 'Luce' faces backlash, leading to an 8% stock drop.
European auto suppliers may benefit from Chinese EV makers' expansion into the EU, driven by demand and local protectionist measures. Vulcan Energy Resources highlights opportunities for local inputs like batteries and lithium, despite EU restrictions on foreign investment.
Xiaomi is showing early progress in open-source AI, a year after its launch. The company has committed $8.8 billion to AI over three years, aiming to integrate AI across its hardware and devices. Analysts see AI as crucial for consumer tech companies.
Stellantis' Rennes plant will produce electric vehicles for Chinese manufacturer Dongfeng, marking a strategic partnership to ensure future production and employment at the site.
Stellantis announces a project to produce Dongfeng's new energy vehicles at its Rennes, France plant, as part of an expanded partnership aimed at establishing a European joint venture for sales, distribution, production, purchasing, and engineering.
Stellantis announced plans to produce Dongfeng's new energy vehicles at its Rennes-La Janais plant in France, aiming to expand their 34-year partnership with a new European joint venture.
Demand for multilayer ceramic capacitors (MLCCs) is surging due to the AI boom, with AI servers requiring significantly more MLCCs than traditional ones. Manufacturers are prioritizing high-end supply, leading to price increases.
Rising petrol prices are driving Indian households to adopt electric vehicles, particularly e-scooters, as a second vehicle for daily commutes. This trend is also boosting interest in EV charging franchises.
BNP Paribas lowers expectations for pure electric cars due to charging infrastructure gaps and high insurance costs, suggesting EVs and combustion engine vehicles will coexist longer. China and Europe lead in infrastructure readiness.
UK insurers are showing reluctance to cover Chinese hybrid and electric vehicles, leading to higher costs and limited options for drivers. Insurers cite a lack of repair data, parts supply chains, and claims history as reasons for caution.
Canada allows import of 49,000 Chinese-made EVs annually at a 6.1% tariff, sparking interest among dealers and consumers but concern from industry associations and U.S. officials.
Stellantis announced plans to launch four new electric vehicles in 2027, leveraging Chinese technology from its joint venture with Dongfeng. The European carmaker will invest US$130 million of a combined US$1.18 billion budget for mass production, with some models slated for export.
Geely's Xingyuan tops China's best-seller list in April with 34,727 units sold, up 12% from March, while Xiaomi's SU7 jumps to second. Tesla's Model Y sales plunge 42% month-over-month to 22,990 units, dropping to third.
