EV
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“There’s no such thing as overcapacity,” Tang Jin, a senior researcher at Japan’s Mizuho Bank, told Xinhua in a recent interview, highlighting the global consensus and trend towards green and low-carbon pursuits, as well as the burgeoning development of electric vehicles worldwide. Tang pointed out that among about 90 million units in annual global sales…
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Chinese smartphone maker Xiaomi took the wraps off its first electric vehicle on Thursday and promptly announced it was aiming to become one of world’s top five automakers. The sedan, dubbed the SU7, is a highly anticipated model that is expected to make the most of its shared operating system with the company’s popular phones. But…
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Former President Donald Trump said on social media Monday that he wants to end the “madness” of President Joe Biden’s push for making electric vehicles, warning it would bring an end to U.S. auto manufacturing in states like Michigan. “The great State of Michigan will not have an auto industry anymore if crooked Joe Biden’s…
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Beijing (Auto News): Freeman Shen, a former top executive at Volvo, is setting out to raise $1 billion in an initial fundraising round for the latest China electric-vehicle startup to enter the green car industry. Image: Shen Freeman [founder and CEO of WM Motor Technology Co., Ltd.] Shen left Volvo owner Zhejiang Geely Holding Group in…
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