China

After an eight-year run and a reign as one of the highest funded EV startups in all of
China, WM Motor and its brand Weltmeister have filed for bankruptcy. Today’s news puts a bookend on a turbulent year facing financial struggles, but the startup has vowed to restructure through debt collectors and will seek a rebirth.

Wind and solar are mushrooming globally, but drought is throwing a wrench in the works – here’s what renewable growth is looking like in 2023.

A Chinese media outlet is reporting that EV automaker NIO is recruiting the help of battery systems manufacturer, SVOLT Energy Technology Co., Ltd. Several sources state that NIO is recruiting the assistance from SVOLT to assist in the development of its own in-house large cylindrical EV batteries, which has reportedly decelerated as of late.

The European Union launched an investigation over Chinese EV subsidies as the global markets are “now flooded with cheaper electric cars.” European Commission President Ursula von der Leyen revealed the probe Wednesday, claiming Chinese EV makers benefit from state subsidies.

Chinese wind giant Goldwind announced on social media today that it installed its 14.3 megawatt (MW) offshore wind turbine in “just 30 working hours.”

General Motors (GM) has recently been given permission to begin testing Level 4 autonomous driving technology in China. Together with self-driving startup Momenta, GM will begin rolling out autonomous Cadillac Lyriqs as it looks to catch up with several other genuine competitors in the country.

EV charging giant NaaS Technology (Nasdaq: NAAS) today announced that it’s going to acquire EV charging provider Charge Amps for $66.4 million in order to penetrate the European market.

A mere two years after its inception, Baidu’s robotic- and AI-centric EV brand JIDU is getting a rebranding with the help of Geely – previously a minority stake holder increasing its role to help get the partnership’s flagship model into production this year. Introducing JI YUE.

A week after confirming its subsidiary Audi will be co-developing EVs with SAIC Motor, Volkswagen Group is investing hundreds of millions of dollars in China’s XPeng Motors. Together, the automakers plan to jointly develop Volkswagen branded EVs for the Chinese market.

After weeks of rumors swirling out of China, state-owned automaker SAIC Motor has confirmed a pending partnership with Audi pertaining to next-generation EV platforms. Here’s the latest.

Mingyang Smart Energy‘s MySE 16-260, the world’s largest offshore wind turbine, is now operating at full capacity – and it just withstood Typhoon Talim.

We haven’t even come close to seeing what sort of design Chinese electronics manufacturing behemoth Xiaomi intends to deliver under its young automotive division, but we may have a better idea of what level of power it may be packing. A recent image has surfaced that appears to showcase Xiaomi’s EV battery specs, hinting at an 800-volt platform housing over 100 kWh of battery power.

As an American automaker, Tesla continues to grow its production footprint (and sales sheet) in China, but the same opportunities are not currently available to Chinese EV automakers, like NIO, hoping to enter the US market. NIO CEO William Li hopes that will soon change as both he and Elon Musk stress the need for improved relations between the US and China.

The rumor mill is gaining momentum in China as two more sources have shared new details of Audi’s alleged plans to source its next EV platform from an OEM overseas. Chinese-state owned SAIC Motor appears to be the current frontrunner as discussions with Audi are reportedly advancing and pertain to the former’s luxury sub-brand IM Motors.

A huge solar power station in China is generating clean energy, producing salt from sunlight, and serving as a shrimp-breeding site.

Mere days after gathering over a dozen automakers building EVs in China to commit to a non-binding pledge to avoid further price wars, China’s Association of Automobile Manufacturers, at the advisement of the country’s Ministry of Industry and Information Technology, has retracted the pledge after quickly catching flack promoting potential monopolization.

After multiple development delays due to software issues internally and at parent company Volkswagen Group, Audi AG is reportedly exploring discussions in China to buy its next generation EV platform from another OEM, perhaps even a competitor overseas.

China’s Ministry of Industry and Information Technology announced a revision to its long-running “dual-credit policy,” in which local automakers earn certain calculated credits for each EV they build. The Ministry is reducing said credit by 40%, putting certain automakers in jeopardy of non-compliance and risk of losing their ability to sell to the public.

A slew of automakers in China have banded together and pledged to regulate how they market their EVs and avoid further price wars to help stabilize a booming market for consumers. Chinese EV automakers like NIO, XPeng, and BYD have been joined by the likes of Tesla to promote healthy competition and less “bad blood” overseas.

SAIC Motor, a Chinese state-owned automaker, is doubling down on its EV strategy in Europe following encouraging sales so far this year. The massive automaker recently shared plans to erect a new EV production facility overseas, to help deliver models to its growing audience in the market.

Less than a month after rolling its first new coupe SUVs off its assembly lines in China, XPeng Motors has officially launched its latest model – the G6. Priced below $30,000, XPeng sees the G6 as a serious competitor to the Tesla Model Y and plenty of other EVs in China. The automaker has a lot riding on this one as it looks to bolster less-than-stellar sales in its native country as of late.