China

Nation poised to become global leader in hydrogen vehicle industry

A hydrogen-powered bus is under operation in Shanghai, in 2021. [Photo/VCG] The hydrogen fuel-cell sector is gathering momentum in China, the world’s largest hydrogen producer, as companies are making breakthrough vehicles and local governments are introducing supportive policies. By 2025, China will have about 50,000 fuel-cell vehicles on its roads, according to a plan jointly …

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The US wants more electric vehicles made in Mexico and less ‘made in China’

Assembly plants that manufacture electric or plug-in hybrid vehicles in Mexico could see increased demand thanks to the measures contained in the US Inflation Reduction Law. The US Congress included Mexican and Canadian manufactured electric vehicles among those that could access the tax benefit of 7,500 dollars (about 151,000 pesos) that the United States government …

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China needs to review EV battery emissions, says CATL founder

China should boost initiatives to study and monitor carbon footprints across the electric-vehicle battery supply chain because the nation has “apparently fallen behind,” according to Zeng Yuqun, chairman of leading battery manufacturer Contemporary Amperex Technology Co. China is one of the world’s major vehicle-battery production centers but seems to have lagged behind other countries in …

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China’s heat wave is creating havoc for electric vehicle drivers

The record-breaking heat wave in China, which started back in June, has evaporated over half the hydroelectricity generation capacity in Sichuan, a southwestern province that usually gets 81% of its electricity from hydropower plants. That decreased energy supply, at a time when the need for cooling has increased demand, is putting industrial production and everyday …

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NIO Stock Rises. The EV Maker’s Internal Review Addresses Short Seller’s Claims.

Text size NIO continues to deal with fallout from short seller claims, which the company denies. Hector Retamal/AFP via Getty Images Chinese electric-vehicle maker NIO said Friday that an independent internal review found no evidence of improper accounting, refuting claims a short seller had made earlier this year. NIO stock (ticker: NIO) jumped 4.4% in …

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xiaomi corporation: Xiaomi in talks with Beijing Automotive Group Co to reach goal of making cars

Xiaomi Corp. is in talks with Beijing Automotive Group Co. to collaborate on producing electric vehicles, according to people familiar with the matter, as the technology company races to fulfill a promise to make its own cars by 2024. The two giants are exploring different options including Xiaomi buying a stake in Beijing Hyundai No. …

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Heatwave: Tesla, SAIC hit as China’s heatwave forces more power rationing

Hong Kong CNN Business — China’s brutal heatwave is now hurting major players in the auto industry. The rationing of power in Sichuan province — China’s most important hydropower hub — has hit production for major carmakers in Shanghai, including Tesla (TSLA), according to reports in Chinese state media. Sichuan ordered most factories to close …

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