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Toyota sales slide as aggressive price cuts by BYD, Chinese EV makers take effect

Baua Electric

Toyota’s electrified vehicle lineup (RZ, RX, NX, UX300e) (Source: Toyota) Toyota sales hit in 1H 2024 with BYD’s EV price cuts Toyota’s sales are down by double-digits through the first half of 2024 in China (-10.8%), Indonesia (-10%), and Thailand (-15%). BYD also recently launched its first electric MPV in Indonesia.

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China’s CBL to invest $420 million in Indonesian nickel mining and EV battery manufacturing – Charged EVs

Baua Electric

Chinese EV battery company Ningbo Contemporary Brunp Lygend (CBL) has agreed to invest $420 million in Indonesia’s nickel mining and EV battery manufacturing industries. CBL is a consortium and a subsidiary of China’s Contemporary Amperex Technology (CATL). It’s been signed.

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Electric Car Watch #11: Hyundai's Electric Car Plans for India

Plug In India

Throw in Chinese electric car companies like BYD, MG Motors, Great Wall and others, and Hyundai India has some serious competition. The electronics support both 400 V and 800 V charging and bidirectional charging. The platform can support fast charging upto 200 kW. billion electric vehicle battery plant in Indonesia.

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Despite challenges, India’s EV story likely to pan out, says BNP Paribas | Autocar Professional

Baua Electric

Thailand, for example, is seeking to transition its legacy industry towards an EV future, with Chinese support. Indonesia is using its downstream resources (e.g., The post Despite challenges, India’s EV story likely to pan out, says BNP Paribas | Autocar Professional appeared first on Bauaelectric Auto News.

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Nickel: The metal driving the EV revolution – ET Auto

Baua Electric

Moreover, automotive original equipment manufacturers (OEMs) prioritise energy density over others because it defines the distance a vehicle can travel on a single charge and helps brings down the cost making it affordable for the general consumer. Hence, batteries will play a pivotal role in entire nickel industry.

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Hyundai Motor doubles down on ensuring longer driving range of EVs – ET Auto

Baua Electric

Auto industry observers see Hyundai Motor Group’s recent lithium hydroxide supply deals as a sign that the group is focusing on adopting high-capacity NCM batteries to boost the driving range of its future EV models. kWh NCM battery, has a driving range of up to 501 kms on a single charge.

Hyundai 52
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Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

Chinese car makers can undercut rivals in Europe because their production costs are heavily subsidised. In addition, China exported over 4 million cars in 2023, making it the largest auto exporter in the world, among which 1.2 Chinese companies accounted for 75% of electric car sales in 2022, and 45% in 2023. million were EVs.