Posts Tagged china

Sales of New Energy Vehicles in China – June 2016

EV Sales In China Hits Record 44,000 In June

New Energy Vehicle (plug-in electric vehicles) sales in China more than doubled in June, to about 44,000 – which is over 2.1% of all vehicle sales that month. As always, all-electrics (BEVs) continue to dominate the plug-in demographics, notching over three-fourths the total (34,000), while the remaining 10,000 are plug-in hybrids (PHEVs). The…

5 days ago by Mark Kane 18

BYD Qin EV300

Samsung Bought 52.3 Million BYD Shares For $449 Million

Samsung, as announced, bought a piece of BYD for 3 billion-yuan ($449 million), hopefully giving the battery giant not only a partner in China to supply lithium cells to, but an easier path to entry in selling its batteries in the country. In total there was six investors into BYD privately…

5 days ago by Mark Kane 2

Volkswagen BUDD-e

Volkswagen To Build Its First Battery Gigafactory In China?

A source close to Volkswagen’s senior management revealed to Automotive News Europe that the first lithium-ion battery factory to supply the coming massive EV roll-out at the company could actually be built in China. VW has announced that by 2025 it intends to produce 2-3 million plug-in cars (via the over 10…

2 weeks ago by Mark Kane 9

Tesla Model X In China

Tesla Model X 75D Now Available In China

Tesla Motors has begun selling the Model X 75D in China. The base Model X costs 841,000 yuan ($125,630), compared to “just” $83,000 in the U.S. (or $75 500 after federal tax credit). Import taxes (about one third of the price) really makes Tesla’s expansion to China difficult. We should note that the X…

3 weeks ago by Mark Kane 1

Image Credit: Evannex

Elon Musk Says Tesla Hasn’t Signed A Deal For Factory In China

Conflicting reports from Reuters and Bloomberg have been cleared up by a Tweet from Tesla CEO Elon Musk. Recently, Bloomberg reported the following: “Jinqiao Group, a Shanghai government-owned company, has signed a non-binding memorandum of understanding with Tesla on building its production facilities in the municipality, said the person, who…

1 month ago by Eric Loveday 5