Addionics, a pioneer in advanced battery technologies, has unveiled plans for a massive $400 million investment in U.S. manufacturing facilities. This strategic initiative aims to revolutionize domestic EV battery production and meet the surging demand for high-performance batteries. The investment will facilitate the production of 3D...
Click here to the audio link Media Source : CNBC Bill Russo, founder and CEO of Automobility Limited, discusses Nio’s fourth-quarter earnings, the electric vehicle price war and weak demand, saying “you’re going to need to burn for a while before you can earn.” Source: https://www.cnbc.com/video/2024/03/06/advisory-firm-discusses-outlook-for-nio-other-chinese-ev-makers.html...
Media Source : REUTERS February 2, 2024 STOCKHOLM, Feb 1 (Reuters) - The shakeout in the global electric-vehicle industry is picking up speed. Chinese automaker Geely's (GEELY.UL) move on Thursday to take over funding of struggling EV maker Polestar from Volvo Cars (VOLCARb.ST), is the latest consolidation among...
Committees Event - Automotive Committee February 20, 2024 9AM - 10AM (GMT+8) The AmCham Shanghai Automotive Committee invites you to our Monthly State of China's Automotive Industry webinar on Tuesday, February 20 from 9:00 am - 10:00 am,, to be held via Zoom Meeting.The goal of the Automotive Committee is...
Media Source : Global Auto Industry Click here to the Audio Link GlobalAutoIndustry.com’s latest Audio Interview “China’s Automotive Industry: 2023 Review and 2024 Outlook” features Bill Russo. Mr. Russo is the Shanghai-based Founder and CEO of Automobility Limited, a strategy and investment advisory firm helping its clients to create...
Arbe Robotics, a pioneer in Perception Radar Solutions, has unveiled a collaboration with HiRain Technologies, a leading provider of intelligent driving solutions in China. HiRain announces plans to initiate mass production of cutting-edge 4D Imaging Radars by the end of 2024, following the successful development...
On January 30, AmCham Shanghai’s Automotive Committee held an event titled “Look Back & Look Ahead: Automotive Industry 2024.” More than 80 attendees joined. Bill Russo, Chair of the Automotive Committee, provided opening remarks and gave his monthly update on the state of China’s auto industry. He...
Media Source : CNN Analysis by Michelle Toh Hong Kong (CNN) — More than 5,000 electric vehicles were loaded onto a giant shipping carrier in China this week and sent to ports in Europe. The cars come from BYD, the Chinese carmaker that is backed by Warren Buffett and...
Media Source : Barron’s January 26, 2024 By Craig Mellow You really can have too much of a good thing. That is Chinese authorities’ apparent conclusion with respect to electric vehicles. A ministerial broadside last week promised “forceful measures” to rein in “blind” EV expansion that has led to...
Click here to the Audio Link The Electric and Eclectic Podcast is hosted by Roger Atkins from EV Outlook Ltd, and was recorded on January 19, 2024. How might the West’s incumbent Auto Industry’s compete with China?…’flip the script’ suggests Bill Russo! More answers than questions from a...