Media Source : Business Insider Alexa St. John 13 APR 2023 The industry won't turn back on its electric-vehicle ambitions now, but the shift isn't happening at full-speed. GM; Rivian; Ford; Marianne Ayala/Insider EVs are hitting the American mainstream thanks to billions of dollars of investments and incentives. But...
Media Source : Southeast Asia Globe Vietnam's biggest conglomerate is burning money on pushing its EV startup VinFast into the US market and its most profitable arm faces declining gains in Vietnam's real estate market 03 APR 2023 by Govi Snell The VF6 all electric vechicle from Vietnamese automaker...
Media Source : Bloomberg Rapid expansion of billionaire founder Robin Zeng’s CATL group raises concerns in the US and his homeland CATL’s Robin Zeng © FT montage/Bloomberg 04 APR 2023 Edward White in Seoul, Cheng Leng in Hong Kong and Claire Bushey in Chicago Chinese billionaire Robin Zeng spent most...
Media Source : Newsweek 25 MAR 2023 BY ALEKS PHILLIPS China's leading electric car manufacturers are eyeing the U.S. market as they plan to expand sales across the world. The country's biggest electric vehicle (EV) maker, BYD—Build Your Dreams—has studied how it would develop a distribution network...
Media Source : The Financial Times 29 MAR 2023 Chinese carmakers expected to sell more passenger vehicles than foreign rivals for first time in 2023 Foreign carmakers such as Tesla are rapidly losing market share in China to domestic rivals @ Florence Lo/Reuters By Edward White in Seoul and...
On Mar 8, Kardome, a provider of noise reduction software using speech recognition, has received a $1 million investment from Automotive Fund Co., Ltd., a subsidiary of MarkLines, an automotive information platform. The venture capital fund is specifically dedicated to the automotive industry and expects...
Media Source : Bloomberg Click here to the Audio Link Bloomberg Daybreak Asia Bill Russo, Founder and CEO of Automobility Limited, discusses his outlook for China's Auto sector and its structural and pricing challenges in advance of BYD’s earning’s call. He speaks with Haidi Stroud-Watts and Kathleen Hays...
Media Source : Reuters 17 MAR 2023 BEIJING, March 17 (Reuters) - SAIC Volkswagen Automotive Co is offering 3.7 billion yuan ($537 million) in cash subsidies for car purchases in China, joining more than 40 brands in slashing prices ahead of a change in emissions rules in...
EV Price War Engulfs the Entire Auto Industry Discounts are not offsetting weakened consumer demand Comments from Bill Russo, Founder & CEO of Automobility Ltd. Early Weakness Expected in 2023 Monthly year-over-year comparisons are less relevant for January and February due to the variation in the timing of the...
By Bill Russo and Howard Chao China abruptly dropped its draconian zero-COVID policies and reopened to the world in December of last year, a complete about-face. The Chinese authorities originally stated (and the world believed) that China would wind down these policies gradually, and the world...