TrendForce reports that a news platform run by the Shanghai government made an announcement on October 10 stating that BYD plans to invest RMB 5 million to upgrade its production base in Shanghai. According to BYD, the aim of this upgrade project is to meet the growing market demand and contribute to the company’s long-term growth. The plant is operated by a local subsidiary. ...  more

Major Chinese battery supplier EVE continues to undertake huge capacity expansion and investment projects. On September, it released three separate announcements revealing that it has injected capital into BTR, acquired a stake in Rifu Lithium Industry, and signed agreements to build a manufacturing base in Shenyang. ...  more

The market for new energy technologies has been growing rapidly in recent years, thereby attracting entrants from various sectors of the economy and resulting in many spectacular breakthroughs. An example of listed Chinese companies that have just entered in this market is Jinyuan, a cement supplier and a waste treatment specialist. On October 27, Jinyuan announced that the lithium carbonate from its production site in Baqian Cuo has been adopted for power batteries that are being installed in NEVs. This represents another milestone for the company after the production site outputted its first ton of crude lithium phosphate on May 25. ...  more

Soaring oil prices in the United States have made many people more willing to try electric vehicles, but how does the energy consumption of gasoline vehicles and electric vehicles compare? In fact, there is a simple formula for conversion. Now, almost all popular electric vehicles have a "fuel consumption" performance of more than 42 kilometers per liter. ...  more

German auto manufacturer Opel officially announced to be returning to the Taiwan market, and will be bringing back its auto craftsmanship and latest technology. The German brand will release four new models for the first wave that will enliven Taiwan’s auto market. ...  more

As the competition in the NEV market intensifies, carmakers have opted to develop and manufacture their own power batteries and power battery systems (NEV platforms). Recently, major Chinese carmaker Dongfeng Motor announced that its R&D center has achieve a significant breakthrough in power battery system. ...  more

As fuel vehicles gradually withdraw from the market, the world is chasing electric vehicles but the biggest risk of electric vehicles is not mileage anxiety, but fire. China, which is fastest in developing electric vehicles, saw the problem first. In 2021, the Chinese government reported at least 3,000 new energy vehicle fires and their fire risk is generally higher than that of traditional gasoline vehicles. ...  more

Maserati’s convertible EV GranCabrio Folgore is now confirmed to launch in 2023, and looks like a performance powerhouse according to the statistics recently revealed. ...  more

Although hydrogen fuel cells lack incentives for small cars, it still has a future with large trucks. At the 2022 IAA Hannover Exhibition, Mercedes-Benz showcased a hydrogen fuel cell prototype truck, which is expected to be available in 2025. ...  more

Another Chinese NEV manufacturer has opted to manufacture its own batteries! On October 3, Skyworth Auto held an opening ceremony for its battery subsidiary in the Xuzhou Economic and Technological Development Zone, which is within China’s Jiangsu Province. On that same day, Skyworth’s battery plant also entered operation. ...  more