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...
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...
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...
Media Source : AP NEWS BY KEN MORITSUGU Updated 10:09 AM GMT+8, January 12, 2024 BEIJING (AP) — China’s auto exports surged 63.7% in 2023 while domestic sales, boosted by year-end incentives, rose 4.2%, an industry association said Thursday. The surge in exports, to 4.1 million according to the...
Media Source : THE FINANCIAL TIMES Companies such as BYD and Nio are targeting overseas markets, leaving governments torn between encouraging greater take-up and protecting domestic manufacturers Edward White in Shanghai and Peter Campbell in London JANUARY 5, 2024, THE FINANCIAL TIMES For close to a century, Toyota prided...
Media Source : Reuters January 5, 2024 SUMMARY Tesla sells far more cars per store than rival BYD-CMBI data US EV maker, BYD both grew market share in China in Jan-Oct 2023 Tesla faces challenges in matching BYD's overall growth-analyst SHANGHAI, Jan 5 (Reuters) - Tesla's strategy in...
Media Source : EE Times By : Alan Patterson December 18, 2023 Experts predict that Chinese companies will dominate the global EV industry over the next decade by selling cars for prices unheard of outside China. Chinese companies will lead the global electric vehicle (EV) industry in the next...