Category: Electric

XPeng sets up another battery-related subsidiary after denying its own R&D plans

The company, which has a registered capital of 5 billion yuan ($718 million), has a range of operations including battery manufacturing, battery sales, battery parts production, motor manufacturing and R&D.

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Auto Execs Go Bearish On EVs (Again)

Auto execs were super bearish on electric vehicles (EVs) for years. They said there was very little demand for electric vehicles and EVs would remain niche (like 2% or 3% of the market niche). This argument was made countless times in countless venues even up through the point when Tesla unveiled the Model 3 and […]

Indonesia considers $320 million in incentives to boost EV sales in 2023

Indonesia may allocate 5 trillion rupiah ($320.41 million) from next year's budget to incentivise electric vehicle (EV) purchases, though details of the scheme were still being finalised, a senior minister said on Wednesday. Last week, Industry Minister Agus Gumiwang Kartasasmita said buyers could get a discount of 80 million rupiah for EVs made by firms with factories in the country, as well as other incentives for hybrid cars and electric motorcycles. Airlangga Hartarto, Indonesia's chief economics minister, said at a news conference on Wednesday that authorities are detailing how much they could provide per sale based on the budget allocation.