Audi has revealed more information about the new JV that it is forming with China FAW Group for manufacturing EVs. The MoU for the JV was signed in October 2020, and the entity will be officially established in the first quarter of this year. ...  more

Hyundai has officially announced the investment agreement with the government of the Guangzhou Development District on the establishment of the Hyundai Fuel Cell System (Guangzhou) Co., Ltd., where Hyundai will become the first global automotive manufacturer to set up a production base for hydrogen fuel cell systems in China, which will also be the first overseas production base of hydrogen fuel cell systems for the company. ...  more

A perfect storm has been seen in the semiconductor industry after the global pandemic, where the surging demand for electronics has resulted in a shortage of chips, and the increasing number of chip adoption for automobile has prompted numerous major automotive manufacturers to postpone production plans, for which the phenomenon may decelerate at least 6 months after, according to insiders of the industry. ...  more

BYD has once again scored a major order, and the Colombian capital of Bogota is about to possess the largest electric bus fleet in the Americas. The first 120 buses are already set to begin service. The town will have a complete, 470-strong battery electric bus fleet in 1Q21, serving upwards of 300,000 passengers. ...  more

As Foxconn’s MIH EV Alliance grows stronger, not only are powerful partners joining the fray by the day, but the company is also injecting new blood into the executive team. ...  more

PGO has officially announced the Ur2 Plus light-duty e-scooter, which carries a green license plate in Taiwan and features a wheel hub-integrated motor and single-cell battery. Not only does the Ur2 come with a plethora of available accessories, but it can also be had for as little as NT$40,000 thanks to its various financing options. ...  more

GM on January 13th announced two electric vehicles, including the EV600 truck that is capable of a driving range of 400km, and the mini electric pallet, as well as the new brand BrightDrop, which provides BEV commercial logistics solutions, with FedEx being the first client. ...  more

Word on the street is that the Apple has been eyeing Hyundai up as a possible collaborator for its Apple Car project, which has been dominating EV headlines recently. ...  more

Last week, Chinese EV manufacturer NIO debuted its first commercially available model, the ET7. With a price tag of around RMB 448,000, the ET7 is noted by various media outlets as being more expensive than Tesla’s Model Y in the domestic market. In an effort to expand its market share in China, Tesla is offering its electric SUV — the Model Y — at RMB 339,900. However, this low price applies only to the vehicles made at Tesla’s production plant in China. ...  more

The latest strategic goal for General Motors is to become the best automotive brand in North America. During a recent interview, the company commented that the only concrete method in surpassing Tesla is to achieve an annual sales of 1 million electric vehicles by 2025, though there seems to be something wrong with the particular method and target. ...  more