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...CATL had a 38 per cent share of the global EV battery market in the first two months of 2024, according to South Korea’s SNE Research....
From Charles Mercey, Tellisford, Somerset, UK
...Shares of Chinese electric-vehicle makers rallied on Wednesday, after Tesla saw its sales figures falling in the world’s largest EV market....
...Only when EV owners are assured of a quick and convenient battery swap at a convenient location, obviating the need for charging, will they seriously consider EVs as a substitute for petrol and diesel....
...In a statement on Friday, the two companies said the scope of the collaboration includes automotive software platforms and core components related to EVs....
...While Li Auto became China’s first major EV start-up to turn a profit last year, it is facing a price war and fierce competition in the world’s largest auto market....
...Hertz has since pruned its electric ambitions, and in December started to sell about 20,000 EVs....
...Analyst Nick Lai flagged concerns over the company’s slow rollout of models and an increasingly crowded Chinese EV mass market....
...The European Commission is investigating whether China uses subsidies when selling cars in the EU, in a probe that is widely expected to lead to higher tariffs on imported EVs from China....
...The company enters China’s EV market at a time of intensifying competition and a brutal price war....
...But chief financial officer Thierry Piéton said he predicts 2024 will be a “breakthrough year” for Renault’s electric car push even after it recently called off a stock market listing for its EV division...
...Chinese start-up Xpeng have sealed an agreement on jointly developing two electric vehicles, offering new details of a partnership aimed at securing footing amid cut-throat competition in the world’s largest EV...
...The Beijing-based carmaker has faced slowing EV demand in China and competition from rivals including Tesla, BYD and Huawei-backed Aito....
...Click to read the article below and then answer the questions: Apple parks its electric car project in sign of EV industry’s struggles Discussion Questions What was the initial purpose of Tim Cook’s visit...
...However, with range limitations, a sparse charging network, and high purchase prices, the EV revolution is presently cruelly challenged....
...But if politicians cannot persuade consumers to buy EVs, will they tear up their net zero pledges, or turn to other measures to drive EV sales?...
...The French carmaker had planned to hold an initial public offering of its Ampere business, which combined its EV skills and software into a new unit....
...“India wants to be a regional, and even global, EV player,” says one lawyer who advises the government and EV companies....
...Hertz this week also paused plans to buy to buy tens of thousands of EVs from Polestar this year....
...Ford is cutting production of its F-150 Lightning electric pick-up truck as it predicts slower EV sales growth this year....
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