EVs Tag

10 Apr EU investigation into Chinese wind turbine exporters could lead to higher costs, slow down clean energy projects in bloc, analysts say

Posted at 10:20h in Asia

An anti-subsidies investigation into Chinese wind turbine manufacturers by the European Union (EU) could saddle the bloc’s renewable project developers with high costs and slow down their decarbonisation efforts, while the impact on Chinese firms could be limited, analysts said.“Since the basis of the complaint...

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05 Apr Janet Yellen in China: overcapacity high on the agenda as secretary takes swipe at exports

Posted at 09:40h in Asia

“Direct and indirect government support is leading to capacity significantly exceeding China’s domestic demand, as well as what the global market can bear,” Yellen said at an American Chamber of Commerce in China event on Friday.“Overcapacity can lead to large volumes of exports at depressed...

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04 Apr China’s climate goals: action plan calling for renewal of equipment can also boost green transition, experts say

Posted at 11:09h in Asia

China wants to ditch old equipment and products for new ones to boost its economy, and this campaign can help its green-transformation drive if done right, climate experts and green enterprises said.In an action plan released last month, the State Council, China’s cabinet, called for...

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28 Mar China’s EV sector a live wire for US, with war of words over excess capacity casting shadow over Janet Yellen visit

Posted at 13:00h in Asia

United States Treasury Secretary Janet Yellen is expected to consult American companies on China’s industrial overcapacity, particularly in solar power and electric vehicles (EVs), at a planned meeting during her trip to China next week – a discussion that is likely to inform the tone...

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28 Mar BYD chairman Wang Chuanfu expects sales growth to slow in 2024, banks on export surge to shore up profitability

Posted at 13:00h in Asia

BYD, the world’s largest electric-vehicle (EV) maker, is targeting a 20 per cent increase in sales this year, just a third of last year’s tally, as overcapacity concerns and a price war loom over the sector in mainland China.Wang Chuanfu, the Shenzhen-based carmaker’s chairman and...

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30 Jan Opinion | China’s EV industry risks becoming a victim of its own success

Posted at 08:30h in Asia

Chinese leaders have for a while prioritised the pivot from ICE to EVs as this supports the government’s longer-term policy priority of transitioning the economy from one that has historically relied on real estate investments and lower-value manufacturing to one that’s driven by hi-tech...

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20 Jan TuSimple will continue its drive to Asia-Pacific in wake of autonomous truck firm’s decision to delist from Nasdaq

Posted at 01:00h in Asia

Autonomous truck company TuSimple Holdings will continue to pivot to the Asia-Pacific (APAC) region for better commercial opportunities and in line with its plan to delist from the Nasdaq exchange, said chief executive officer Lu Cheng.TuSimple is shifting its focus to APAC, including China,...

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17 Jan Huawei sets up new smart car unit as it accelerates automotive ambitions in wake of earlier deal with Changan

Posted at 14:00h in Asia

The new company, named Shenzhen Yinwang Intelligent Technology, was set up on Tuesday with a registered capital of 1 billion yuan (US$140.3 million) and is wholly owned by Huawei, according to records on business registry information platform Tianyancha.The records show that the new firm’s business...

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31 Dec Opinion | Climate action: how China is accelerating the drive towards a net zero world

Posted at 11:30h in Asia

Besides ecological concerns, it is in China’s national security interests to minimise its dependence on fossil fuel imports, and therefore be less vulnerable to choke points such as the Persian Gulf (vulnerable to Middle Eastern conflicts) and the Malacca Strait (controlled by the US...

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