Tag Archives: electric vehicles

China extends EV tax break; Li Auto shares fall after delivery outlook cut

Li Auto warned that “supply chain constraint” would mean the company will deliver fewer cars than expected in the third quarter. Meanwhile, China has extended a tax exemption for new energy vehicles until the end of 2023 as it looks to spur growth for electric cars. CFOTO | Future Publishing …

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Tesla supplier CATL evaluating battery swapping business overseas

CATL is the world’s largest electric vehicle battery maker and supplier to the likes of Tesla and Ford. Pavlo Gonchar | Sopa Images | Lightrocket | Getty Images The world’s largest electric vehicle battery maker CATL is evaluating whether to expand its battery swapping business to international markets, a senior …

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Chinese EV maker Xpeng launches rival to Tesla’s Full Self Driving system

Xpeng launched a feature that allows its cars to semi-autonomously navigate urban environments, marking its latest challenge to U.S. electric vehicle giant Tesla. The Chinese start-up announced Monday that it was piloting a feature known as City NGP, which stands for navigation guided pilot. Xpeng claims that City NGP will allow …

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Tesla evaluating lithium refinery in Texas for electric car batteries

Elon Musk had previously suggested Tesla could get into lithium refining at scale because the cost of the metal, a key component in manufacturing batteries, has surged. If Tesla’s application in Texas is approved, construction on a lithium hydroxide refining facility could begin in the fourth quarter of 2022. Christophe …

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Huawei launches Mate 50 smartphone, Aito M5 electric car in China

Richard Yu, CEO Huawei’s consumer business and automotive technology unit, revealed the Huawei Mate 50 series on Tuesday. The Chinese giant’s smartphone business has been hurt by U.S. sanctions over the past two years which has cut the firm off from key technology. Huawei Huawei launched a flagship smartphone that …

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Miner Piedmont plans lithium refining plant in push for domestic EV supply chain

Piedmont Lithium announced Thursday that it plans to build a new lithium refining plant in Tennessee, as the U.S. rushes to develop domestic supply chains for raw materials critical to the energy transition. Thursday’s announcement follows the largest climate funding package in U.S. history, which President Joe Biden signed into …

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Nio August EV deliveries grow while Xpeng, Li Auto fall; shares drop

Nio managed to grow deliveries of its electric vehicles in August versus July. However, rivals Li Auto and Xpeng saw a sharp fall in deliveries. EV players continue to face supply chain disruptions for the resurgence of Covid in China as well as weaker consumer demand due to a difficult …

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How Amazon is giving Rivian an edge in the EV industry

Following in Tesla’s footsteps, another electric vehicle company has been making a name for itself, with a unique spin: Rivian Automotive. Founded in 2009, Rivian is focusing on upscale electric trucks and SUVs with an emphasis on outdoor adventure. CNBC’s John Rosevear calls them the “Patagonia of electric vehicles.” Rivian …

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China EV maker Xpeng to launch a Tesla Model Y competitor in 2023

A new Xpeng P7 car is shown in the Xpeng Motors flagship store in a shopping mall. Xpeng P7 is one of the two popular models of Xpeng motors. Zhang Peng | LightRocket | Getty Images Chinese electric carmaker Xpeng teased details about two new vehicles it plans to release …

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Xpeng (XPEV) shares tank after weak electric vehicle guidance

Xpeng said it is confident that the launch of the G9 SUV in September along with two new car launches in 2023 will help it enter a growth cycle. Chen Yihang | Visual China Group | Getty Images Xpeng’s Hong Kong-listed shares plunged more than 12% Wednesday after the Chinese …

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