China's auto exports are estimated to slow notably this year after holding the export crown for a second year in 2024, with no growth predicted for electric vehicle exports, an auto association official said on Thursday.
Tu Le, founder and managing director at Sino Auto Insights, shares his experience at CES and his predictions for the EV industry in 2025.
China's car sales maintained their growth pace in 2024 as sales of electric vehicles and plug-in hybrids in the world's largest auto market hit a record high amid a brutal price war and with subsidised trade-ins for greener vehicles driving purchases.
The outstanding growth in China in a largely stalling global EV landscape bode well for local leaders such as BYD , Geely and Xiaomi
Less than two weeks before the inauguration of President-elect Donald Trump, the U.S. and China have escalated their tit-for-tat battery war, part of their rivalry to dominate the next generation of strategic technologies.
Sales of electric and hybrid vehicles jumped more than 40 percent in China last year, as demand for new energy models continues to surge and the
China has renewed a trade-in subsidy of up to 20,000 yuan ($2,730) to help underpin sales of fuel-efficient vehicles, including electric cars and hybrids.
Competition in China's electric vehicle (EV) market has intensified right at the start of 2025, with vendors lowering prices and the government offering subsidies to stimulate purchases.
Sales of electric and hybrid vehicles jumped more than 40 percent in China last year, as demand for new energy models continues to surge and the sector remains entrenched in a gruelling price war.
The world’s biggest maker of electric-vehicle batteries and a supplier to Tesla has been meeting banks in recent weeks as it draws up plans for a secondary listing in Hong Kong. The initial public offering would give it access to offshore funds as it seeks to expand overseas, and Morgan Stanley has estimated it could raise up to $7.7bn.
Charging is often cited as a main reason drivers aren't embracing EVs. In the US, charging times range from 20 minutes to 50 hours.