China
EV sales to reach 45 million by 2040, with total 232 million on the road
Wood Mackenzie predicts EV sales will reach 45 million a year by 2040, with total of 323 million EVs on roads around world.
Europe’s plug-in electric car market is surging past China
Electric car subsidies in Europe have helped drive a surge in electric car sales, with the market now exceeding that of China.
Tesla Model 3 success in China puts pressure on luxury brands
Tesla disrupts not only China’s electric vehicle market, but also puts pressure on second-tier luxury car brands.
Tesla Model 3 remains global EV leader despite huge drop in sales
Tesla keeps title of global leader in electric vehicle sales in April, despite 75% drop from March due to the Coronavirus pandemic.
Volkswagen injects $3.5 billion into China electric car projects
German automotive giant Volkswagen Group announces plans to invest around €2.1 billion into Chinese operations described as “the next chapter for its business in China.”
China’s Svolt says cobalt-free car batteries coming in 2021
Chinese auto battery company Svolt goes public with two cobalt-free batteries, to cut reliance on scarce resources while boosting cycle life, safety, and energy density.
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