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News on the Auto Industry in China

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Hoarding reserves

CATL readies new cobalt deal
Apr 23, 2021 (WiC 537)

Cobalt is found in almost all of the lithium-ion batteries that power smartphones, laptops and electric cars today. An element commonly found in copper or nickel mines, it is scarce but toxic. And even as scientists work on new formulas that ...

Geely hits EV accelerator

Li Shufu gets vocal about how he’ll drive China’s electric car revolution
Mar 5, 2021 (WiC 530)

The old saying that actions speak louder than words is one that Geely would have done well to remember in recent years. The ambitious carmaker has found itself backtracking on two of its biggest promises. The first was made in 2015, when ...

Guilty as charged?

Tesla dressed down after customer complaints
Feb 19, 2021 (WiC 529)

What a difference two years can make. At the beginning of 2019, Chinese Premier Li Keqiang offered Elon Musk a green card after the Tesla founder said how much he loved coming to China. This year his company has been issued with a yellow card ...

Electrifying prospect

Investment pours into China’s EV sector at an accelerating pace
Jan 29, 2021 (WiC 526)

Companies in China have been urging their employees not to travel during the Chinese New Year for fear of spreading Covid-19 (see WiC524). One firm has a greater need than most to encourage its staff to stay put: Contemporary Amperex Technologies ...

Searching for sales

Baidu and Geely join forces to accelerate EVs
Jan 15, 2021 (WiC 524)

What might an Apple Car look like? Would it be as revolutionary for its sector as the iPhone proved for the telecoms world? Car industry commentators have anticipated a prototype from the world’s most admired brand for at least six years, only ...

Hot wheels, hot topic

A surge of coverage of China’s electric vehicle sector in the local press
Dec 4, 2020 (WiC 521)

When the British philosopher and statesman Sir Thomas More coined the term Utopia in the early sixteenth century he was describing a fictional society inhabited by near-perfect people. Right now the world’s equity investors seem to be caught ...

Huawei makes big push into self-driving cars
Nov 27, 2020 (WiC 520)

When it comes to corporate big mouths, Elon Musk has quite a reputation. Tesla’s chairman is legendary for the kind of verbal indiscretions that would get less gifted leaders the chop. Examples range from bizarre ramblings – debating whether ...

A great ‘power’ struggle

CATL in $2.8 billion shopping spree as Tesla burnishes new battery plan
Sep 25, 2020 (WiC 512)

What happens when the lodestar in your industry says that it has a plan to make the products that it currently buys from you? Asia’s biggest battery suppliers for electric vehicles found out this week when Tesla confirmed that it intends to ...

In Tesla’s wake

Chinese electric car firms are raising cash in US
Aug 21, 2020 (WiC 507)

Tesla’s world-beating stock market valuation has attracted plenty of headlines. Its electric vehicle (EV) sales in China have helped to power its market capitalisation to almost double Toyota’s, triple Volkswagen’s and six times more than ...

CATL gets major new investors to fuel its EV battery business in China
Jul 31, 2020 (WiC 506)

An important new relationship is crystallising in the electric vehicle (EV) sector, although few feel confident enough to hazard a guess about where it might end up. During Tesla’s second quarter earnings call last week, the company’s founder ...

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