Category: eMobility

AAM Joins CES with Experiential Display Showcasing Pivot to EV

American Axle & Manufacturing (AAM), (NYSE: AXL) invites all CES attendees to visit the future of electric driveline systems at its booth, located in the West Hall, #6800. This is AAM's first official presence at the world's most influential global tech event. It demonstrates AAM's deep commitment to sustainable mobility and advancement in creating carbon net zero solutions.

Tesla, EV rivals absorb costs after China pulls plug on subsidy

China’s decision to end a more than decade-long subsidy for electric vehicle purchases has forced automakers, including Tesla, to deepen discounts to maintain sales as demand eases in the world's largest market. As China grapples with the upheaval of an upsurge in COVID-19 cases and its economy grows at the slowest pace in decades, Tesla, Xpeng and SAIC-GM-Wuling have opted to hold consumer prices flat in January. The subsidy accounted for around 3% to 6% of the cost of the best-selling electric vehicles in China last year, a Reuters analysis found.