Tesla slashes price again after previous two price cuts. Will it help the brand to achieve its targets in China?
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Category: eV
NIO partners with another oil giant in China to build swap stations
CNOOC is the latest oil giant to enter into a partnership with NIO. Previously, the EV maker has entered into similar partnerships with Sinopec, CNPC, and Shell.
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BYD plans to mass-produce sodium-ion batteries in Q2 2023, report says
BYD's sodium-ion batteries will first be featured in some versions of the Qin EV, Dolphin and new model Seagull, a local media report said.
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Tesla reportedly to cut prices further in China after previous moves failed to get enough orders
Tesla's two promotions in China over the past two months have not had the desired effect, local media said.
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Carmakers try to frustrate US push to cut China from EV supply chain
News, analysis and comment from the Financial Times, the worldʼs leading global business publication
South Korea’s LG Chem to invest $3bn in US plant for EV parts
South Korean firm says facility will produce components to power 2 million electric vehicles by 2027.
WM Motor cuts employee salaries to cope with financial pressure, internal letter shows
The Covid epidemic, rising raw material costs, and untimely parts deliveries have severely impacted WM Motor's production and operations, said WM Motor's CEO.
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Japanese automaker Mazda in $10.6bn EV battery plan
Company rushes to secure parts critical to electric vehicle production
Goldman Sachs says U.S., Europe could end reliance on Chinese EV batteries by 2030 -FT
The investment bank's analysts believe demand for finished batteries could be met without China within the next three to five years, as a result of investments in the U.S. by South Korean conglomerates LG and SK Hynix, according to a Goldman report to clients viewed by the newspaper. The report calculated that to achieve a self-sufficient supply chain, countries competing with China would need to spend $78.2 billion on batteries, $60.4 billion on components and $13.5 billion on mining of lithium, nickel and cobalt, as well as $12.1 billion on refining of those materials, FT said.
Goldman Sachs says U.S., Europe could end reliance on Chinese EV batteries by 2030 -FT
The investment bank's analysts believe demand for finished batteries could be met without China within the next three to five years, as a result of investments in the U.S. by South Korean conglomerates LG and SK Hynix, according to a Goldman report to clients viewed by the newspaper. The report calculated that to achieve a self-sufficient supply chain, countries competing with China would need to spend $78.2 billion on batteries, $60.4 billion on components and $13.5 billion on mining of lithium, nickel and cobalt, as well as $12.1 billion on refining of those materials, FT said.
