Both Liu and Kah agreed that in the long run, cost remains the key to EV-related technology development. According to Liu, in the past several years, the cost of EVs in China has reduced by more than 70 percent, triggering increasing sales. However, Kah also argued that with more EVs c...
Higher utilization rate and charging efficiency, but lower cost. A newly developed shared EV charging station system has recently started trial operations in Changji Hui Autonomous Prefecture of China's Xinjiang. Check out the video for a closer look!■ You may like Tea gardens enter harvest se...
Moreover, China has a comprehensive automotive industry and supply chain, spanning from raw materials to parts production and vehicle assembly. This not only guarantees high production efficiency but also lowers costs. Despite potential tariffs, these cost advantages are still attractive conditions for a...
Among those, advanced battery technology, regarded as the "heart" of EVs, cements China as the auto industry leader. China is dominant in the production of budget-friendly cobalt-free battery solutions. Lithium iron phosphate (LFP), for example, is currently a proven low-cost chemistry that ad...
"China's battery recycling industry is now relatively small because it was difficult to make a profit in the early days. Because if the battery recycling is added to the life cycle management of the battery, the cost of the battery will increase greatly, which will push the price of NEVs....
EV positioned itself as apractical vehiclefor daily commuting, offering attractive colors and affordability. By focusing on emotional appeal, current color trends, and the preferences ofyoung or female customers, Wuling differentiated itself from competitors and gained traction among cost-conscious buyers....
Tesla’s marketing strategy in China diverges from traditional methods, relying on Elon Musk’s social media presence and attention-grabbing moves, resulting in an unconventional “USD 0 marketing budget.” While consumer reactions to Tesla’s price drops may have been unfavorable initially, the long...
Tesla said on Monday that it has reduced , the starting prices prices for certain Model Y long-range and performance versions by RMB14,000 (US$1,935), or down 4.5% and 3.8%, in China. Following the cuts that day, two versions now cost as low as RMB299,900 and RMB349,900, respect...
Tesla announced on August 14 that it reduced the starting prices for certain Model Y long-range and performance versions by RMB14,000 (US$1,935), or down 4.5% and 3.8%, in China. Following the second round of price cuts in the second half of the year, two versions now cost as ...
China’s cost-competitive electric vehicles are making inroads all over the global market. Here in Singapore, for example, it’s not uncommon to use a ride-hailing app and be picked up by a driver in a BYD EV. Given the circumstances, it is perhaps not surprising that Europe has voiced...