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China Evergrande New Energy Vehicle said on Monday a local court had ruled that two of its units should enter into bankruptcy and be reorganized, a week after individual creditors of the units filed for such proceedings.
Chinese electric vehicle (EV) and battery makers are continuing to expand their presence in emerging markets like Latin America – despite heightened political resistance from the European Union and United States – as the country looks to cement its leading position in the industry.
On Friday, national carmaker Proton unveiled their e.MAS7 – slated to be one of Malaysia’s first locally badged EVs – as part of the government’s strategy to make sure local firms can keep pace with the influx of foreign electric vehicles in the market.
BEIJING — Chinese new energy vehicle company Li Auto announced Thursday it delivered a record number of cars in July, boosted by sales of its new, lower-cost Li L6 SUV.
SEOUL -- South Korea's three leading EV battery makers have reported lower sales and profits for the second quarter, hit by a downturn in electric vehicle production in North America and Europe.
GUANGZHOU -- Chinese technology group Xiaomi has started building its second electric vehicle plant in Beijing.
TOKYO -- A prolonged EV price war in China is weighing on industry leaders like BYD, with the stocks of Japanese automakers involved in the market also taking a hit.
JAKARTA -- Southeast Asian countries looking to enter the electric vehicle supply chain must do more to reduce costs if they want to take advantage of the trade friction between China and the West over EVs, Boston Consulting Group's Asia-Pacific chief told Nikkei Asia.