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Toyota plots new EV battery plant to fend off incoming BYD, low-cost Chinese EVs

Baua Electric

Toyota is planning to build a new EV battery plant on Japan’s “Silicon Island” to keep pace with BYD and other incoming Chinese electric car makers. The factory will strengthen Toyota’s EV supply chain while supplying batteries for its luxury Lexus brand. million, or around $33,100. By then, Toyota aims to sell 3.5

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Stellantis & Leapmotor joint venture gets approval from Chinese regulator

Teslarati

With the approval from the NDRC, Stellantis can build and sell Leapmotor electric vehicles (EVs) outside of China, said people familiar with the matter. It acquired 20% of the Chinese automakers, making it a significant shareholder. is a state-owned automobile manufacturer based in Wuhan, Hubei. billion in Leapmotor.

Chinese 99
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Toyota sales slide as aggressive price cuts by BYD, Chinese EV makers take effect

Baua Electric

Toyota’s sales decline in Asia comes as Chinese EV makers, including BYD’s aggressive price cuts , are squeezing foreign automakers out of the market. According to the Japan Automobile Importers Association (JAIA) , Japan’s EV imports rose 17%, accounting for nearly 10% of cars shipped to the nation in the first half of 2024.

BYD 52
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Audi shows new A6 e-tron concept electric vehicle in Shanghai

Green Car Congress

Audi and its Chinese partner companies FAW and SAIC are showing four world premieres: the brand-new Audi A6 e-tron concept vehicle and the all-round updated Audi Q5L, in addition to the Audi A7L and an SUV study, still kept beneath a cover, named Audi concept Shanghai.

Audi 243
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Southeast Asia market will become a competitive place for Chinese and Japanese car companies

Setec Powerr

Europe, the birthplace of the automobile industry, to North America across the Pacific Ocean, has always been the top stage that Chinese car companies hope to step on. With the current sales figures and the seductive future expectations, Southeast Asia has successfully attracted the attention of Chinese car companies.

Asia 97
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Baidu to establish an intelligent EV company and form strategic partnership with Geely

Green Car Congress

Baidu will provide intelligent driving capabilities to power the passenger vehicles for the new venture, and Geely, which holds the distinction of best-selling Chinese automobile brand in past years under the Volvo and Geely brands, will contribute its expertise in automobile design and manufacturing.

Companies 199
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NIO signs a new agreement with GAC Group to co-develop battery standards, charging, and swaps

Baua Electric

Two weeks after signing a similar strategic cooperation agreement with Lotus Technology, NIO has announced an additional agreement with China’s GAC Group to collaborate on charging and swapping and implementing a new unified battery standard. or GAC Group for short. or GAC Group for short.