China’s NEV Market Soars: Penetration Rate Hits 49.1% in June
China’s new energy vehicle penetration rate is set to reach 49.1% in June, driven by steady market growth and technological advancements.
AutoIndustry
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Toyota Extends Production Halt of Three Scandal-Hit Models Until July
Toyota continues production halt for Corolla Fielder, Corolla Axio, and Yaris Cross until July amid ongoing investigations into testing irregularities.
U.S. Tariffs on Chinese EVs: A Double-Edged Sword for Consumers and Climate Goals
The U.S. raises tariffs on Chinese electric vehicles from 25% to 100%, sparking debates on its impact on climate goals, consumer prices, and the auto industry’s competitiveness.
Tesla Passes China’s Data Security Tests, Restrictions Lifted
Tesla has successfully passed four data security tests in China, removing previous restrictions. The announcement was made by China’s Automobile Manufacturers and the National Computer Network Emergency Response teams.
NIO’s William Li: Balancing EV Charging and Battery Swapping
At the Beijing Auto Show, NIO CEO William Li discusses the company’s strategy to integrate both EV charging and battery swapping solutions, catering to diverse needs and accelerating the adoption of sustainable transportation.
Debunking ‘Overcapacity’ Claims: Chinese Mainland’s EV Market Thrives
Data reveals that accusations of overcapacity in the Chinese mainland’s EV market are unfounded, showing strong domestic and global demand.
IEA Predicts EVs to Make Up Half of Global Car Sales by 2035
The IEA reports a significant surge in electric vehicle sales, projecting that half of all cars sold globally will be electric by 2035, transforming the auto industry and reducing oil demand.
Europe Champions Open Trade, Rejects US Protectionism
Europe and Germany advocate for open trade, rejecting US-style protectionism to harness global opportunities and strengthen the auto industry.
Xiaomi Launches SU7 Electric Car Series Starting at $30,000
Chinese tech giant Xiaomi unveils its first electric vehicle, the SU7 series, priced around $30,000, promising top performance and smart technology integrations.
China Opposes U.S. Probe into Connected Vehicles, Cites Protectionism
China expresses strong opposition to the U.S. probe into connected vehicles, labeling it a protectionist measure that could disrupt the global auto industry and harm consumers.