U.S. drivers have been much slower to hop on the EV train."We have a lot more laggards, versus early adopters," said Shahidi, who also serves as an adviser to the Biden administration on EV charging infrastructure policy. Still, experts say it's too soon to count America out, which ...
Also, Chinese tech giant Xiaomi, the world's third-largest smartphone maker, has made a splash in the electric vehicle (EV) market with the highly anticipated launch of its first EV, the Speed Ultra 7 (SU7). Last but not least, China and Indonesia have completed their first joint ...
In the early 2000s, before it fully ventured into the field of EVs, China’s car industry was in an awkward position. It was a powerhouse in manufacturing traditional internal-combustion cars, but there were no domestic brands that could one day rival the foreign makers dominating this marke...
Nationwide, 38 percent of the mass-market middle class express good opinions of local brands, versus 26 percent in the affluent segment. Also, 39 percent of respondents in the customer segment characterized as “non-digitally savvy” speak positively about Chinese brands, whi...
US News is a recognized leader in college, grad school, hospital, mutual fund, and car rankings. Track elected officials, research health conditions, and find news you can use in politics, business, health, and education.
China's passenger car market saw sales of 1.92 million units in September, a year-on-year increase of 21.5 percent, driven particularly by new energy vehicles (NEVs), the China Passenger Car Association (CPCA) said in a statement on Tuesday, while also noting that government policies have hel...
intelligent driving features are spreading in the end-user market at a faster-than-expected rate. For the first five months of 2023, the penetration rate of Level 2 autonomous driving system in China reached around 40%, rising nearly 10 percentage points versus the 28.8% for the year-ago per...
Transaction Type EV/EBITDA Overall Middle Market Inbound Outbound Majority Interest Minority Interest Industrial China Median Enterprise Value to EBITDA and Revenue Multiples 2006 2007 2008 2009 2010 8.2x 7.9x 8.2x 9.1x 7.0x 8.2x 8.6x 9.6x 9.6x 9.8x 10.0x 9.0x 10.0x 10.0x 9.1x 8.5x 7.6x...
“New modelsspurEV demand, but at the cost ofintensifying[the] pricing war as the market is flooded withinventoryof ‘obsolete’ models,” Li said, noting the new car development cycle in China has been reduced to one or two years versus about three years previously. ...
US carmaker Ford plans to scale back future investments in China. Chief executive Jim Farley told the FT that there’s no guarantee western carmakers will win against Chinese electric vehicle rivals. Ford has seen its market share in China dropped by half over the past seven years. Ford isn...