A report highlights Southeast Asia's vulnerability due to oil and gas reliance via the Strait of Hormuz, exacerbated by the Iran war. Rising energy import bills and inflation are noted, with calls for diversification and reforms to avoid a tripling of costs by 2035.
The global electric vehicle (EV) market is experiencing unprecedented growth, with sales increasing tenfold in six years. China leads production and adoption, benefiting from falling battery costs and government support. While Europe also shows strong growth, the US market has stagnated.
Western policymakers claim China has 'overcapacity' in steel, EVs, and green tech, flooding markets with subsidized goods. However, economic data suggests otherwise, with China's capacity utilization for ferrous metals within healthy EU ranges. The EU and US employ double standards, using arbitrary metrics and bypassing the WTO to impose protectionist measures.
Xpeng vice-chair Brian Gu stated that Chinese EV manufacturers will not initiate a price war in the UK and EU, focusing instead on quality and differentiation to attract customers. Despite intense competition and price cuts in China, European markets are expected to see competition based on features rather than just cost.
UK government plans to lower electric car sales targets from 80% to 50% by 2030 have drawn strong criticism from the charging industry and EV brands. Critics argue this move, influenced by manufacturer and union lobbying, will harm investment, jobs, and the UK's automotive future, potentially benefiting Chinese manufacturers.
AI's demand for data centers is creating the largest MLCC supply cycle in history. AI servers require significantly more MLCCs than standard setups, driving up demand.
An ultra-fast EV charging station was completed in Abu Dhabi in just six weeks, showcasing a synergy between UAE efficiency and Chinese production speed. The chairman expressed amazement at the development.
An ultra-fast EV charging station was completed in Abu Dhabi in six weeks, showcasing a synergy between UAE efficiency and Chinese production speed. The chairman expressed satisfaction with the development.
Two helicopters collided in mid-air over Rio de Janeiro on Sunday, killing all six people on board. The crash occurred in the Recreio dos Bandeirantes suburb, with the aircraft falling into an electric car dealership's parking lot, igniting approximately 20 vehicles.
Two helicopters collided mid-air over Rio de Janeiro on Sunday morning, crashing in the city's western zone and killing all six people aboard. Among the victims was comedian and singer Oliver Tree, who was in Brazil on tour. The helicopters crashed into an electric car dealership, igniting a fire.
The UK government is reportedly considering lowering the 2030 target for electric vehicle sales from 80% to between 50%-70%. This move follows lobbying from car makers and unions concerned about costs and jobs, while sustainability groups warn it could jeopardize climate goals.
The UK government is considering reducing the 2030 target for electric vehicle sales from 80% to between 50% and 70%. Car makers and unions cite cost and job concerns, while sustainability groups warn of climate goal impacts.
The UK government is considering reducing the 2030 target for electric vehicle sales from 80% to between 50% and 70%. Car makers and unions cite cost and job concerns, while sustainability groups warn of climate goal impacts.
The UK government is considering reducing its 2030 target for electric vehicle (EV) sales from 80% to between 50%-70%. Car makers and unions cite cost and job concerns, while sustainability groups warn of climate goal impacts. A consultation will determine the final target.
The UK government is reportedly planning to relax its 2030 electric vehicle sales targets, potentially lowering the mandate for pure EVs from 80% to 50% and allowing a larger share for hybrids. This move follows intense lobbying from the car industry and unions concerned about job security and manufacturing penalties.
Researchers at the University of Malaga have developed an AI-powered system to protect electric vehicle charging stations from cyberattacks. The system uses AI agents and blockchain technology to detect anomalies and ensure the security of charging networks and the electrical grid.
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.
Xpeng founder He will personally lead the company's robotics department as it approaches mass production and commercialization. This move highlights the urgency of Xpeng's diversification strategy.
BYD, the Shenzhen-based EV maker, has seen a strong rebound in overseas deliveries, surging 76% year-on-year to nearly 300,000 units in April and May. This recovery, driven by rising oil prices due to the US-Israel war with Iran, has bolstered founder Wang Chuanfu's ambition to become the world's largest carmaker by 2030.
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.
