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Chinese automakers sweep Western brands out of global markets

Baua Electric

It won’t be news to Charged readers that Chinese automakers have lapped “Western” brands in the EV race. Markets in Asia, South America and Africa may be small compared to North America and Europe, but taken together they add up. Michael Dunne knows as much about China’s auto market and automakers as just about anyone out there.

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Chinese Premier Li targets critical minerals in Australia visit – ET Auto

Baua Electric

Premier Li Qiang toured a Chinese-controlled lithium refiner in Perth on Tuesday, a sign of his country’s vast appetite for Australian “ critical minerals ” essential to clean energy technologies. About 99% of the world’s dysprosium — used in high-performance magnets — is currently produced in China.

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Zimbabwe’s Kuvimba signs USD 310 mn lithium mine deal – ET Auto

Baua Electric

Zimbabwe ‘s state-owned Kuvimba Mining House has signed a 310 million deal with a consortium of British and Chinese investors for the construction of a lithium concentrator, the company announced on Thursday.

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BYD to unveil electrified pickup truck at Beijing Auto Show

Teslarati

BYD is expected to unveil its electrified pickup truck at the Beijing Auto Show on April 25. The Chinese automaker revealed a few details about its first pickup truck to pique people’s interest before the unveiling. The Chinese automaker has established its brand in Australia with Dolphin and Seal EVs.

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Auto supplier Adient cuts jobs, transfers roles in Europe to shave costs – ET Auto

Baua Electric

European automakers face a trifecta of challenges: soft demand due to higher borrowing costs that discourage car purchases, fierce competition from Chinese rivals, and higher input costs squeezing their margins.

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Hozon Auto’s EV brand Neta signs multiple partnerships in Mexico ahead of market entry in Q4

Baua Electric

Neta – the EV brand of China’s Hozon Auto, is making strides to begin selling its vehicles in Mexico this year. Hozon Auto was founded in China in 2014 before launching its first production model – the Neta N01 compact SUV in 2018. The Neta X EV / Source: Neta.co

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Tesla expands into the Philippines, starts hiring

Baua Electric

From the introduction of the Roadster to the Model Y, Tesla had a rapid global expansion into many new markets, but as it coverage expanded globally, its launches in new markets have greatly slowed down. Tesla is now in most major auto markets around the world with the exception of a few, like India, which wasn’t from a lack of trying.