UPDATE: Tesla Signs Agreement To Build EVs in China

*UPDATE: Bloomberg reports that it’s a done deal. Here’s the statement from Bloomberg on the matter: “Tesla Inc. has signed a preliminary agreement with the city of Shanghai to explore production in China, moving the electric-car maker a step closer to lowering its manufacturing and shipping costs, according to people…

2 months ago by Mark Kane 33

China Agrees To EV Concessions For German Automakers

Germany and China will work together to fight climate change, and expand their partnership amidst U.S President Donald Trump’s decision to leave the Paris deal behind. Keeping their strong position in China is critical to German automakers BMW, Daimler, and Volkswagen. This week, at the Germany-China Summit, agreements were made…

2 months ago by Steven Loveday 12

BYD Still Struggling To Sell As Many EVs As A Year Ago

It is a problem that a year ago would have almost been unthinkable.  For April 2017, BYD once again was unable to sell as many plug-in electric cars in China as year ago – its the 5th consecutive monthly drop against previous numbers…after always having shown large gains previously. The…

2 months ago by Mark Kane 12

Industrial Electric Vehicle Parks The New Craze In China

Guangzhou Automobile Group (GAC Group) has announced a huge new industrial park to be built in Guangzhou’s Panyu district in China’s southern Guangdong province. GAC Group (the parent company of GAC Motor) intends to invest a stunning $6.5 billion. Recently, BYD also announced plan of an industrial park in Yinchuan, capital of…

2 months ago by Mark Kane 5

Tesla Model X

China Likely To Yet Become Tesla’s Largest Market

NEXT FRONTIER: CHINA COULD BE MASSIVE FOR TESLA The Wall Street Journal reports that, “Elon Musk’s futuristic ventures and risk-taking often draw mixed receptions in the U.S. In China, tech-industry leaders and investors hail him as a genius and visionary worth cheering on.” That could be a a good thing…

3 months ago by EVANNEX 8