BYD’s new Denza Z supercar is ready to take on all comers, especially high-performance battery-electric vehicles like the Ferrari Luce. But if you’re looking to buy one you’re out of luck – at least if you live in the U.S. It’s one of a growing list of high-performance Chinese EVs effectively barred from the American market. Headlight.News has more.
Tesla’s second-quarter sales surged by more than 20%, far exceeding Wall Street expectations. But China’s BYD handily maintained its global lead in EV sales. And that sent Tesla shares on a sharp decline.
Volkswagen is preparing what may become the largest restructuring in its nearly 90-year history, a move that could see as many as 100,000 workers lose their jobs as four German plants close. The move is blamed on its weakening position against domestic Chinese brands like BYD and Geely, reports Headlight.News.
Stagnating demand in Western markets, the end of the ‘global car,’ and the cost of electrification present automakers and suppliers with a triple conundrum, says AlixPartners’ annual report on the state of the auto industry.
Even though EV sales may be slowing down, the nation’s electrical grid faces a variety of challenges, especially with the surge in data center construction. GM plans to lend a hand through a new partnership bringing out backup technology using new sodium ion battery technology. More from Headlight.News.
U.S. EV sales have stumbled badly since federal tax credits were phased out last September. But global demand remains strong – and continues to grow aggressively in the world’s largest automotive market. That positions China’s domestic automakers to take the lead in the battery-electric model, even in North America. Headlight.News has more.
China’s BYD saw a massive surge in global sales last year. It not only topped Tesla as world’s largest seller of battery-electric vehicles but also beat Ford Motor Co. in overall global sales. More from Headlight.News.
Ford CEO Jim Farley’s recent positive comments about China’s growing EV fleet may have been the catalyst for talks with some Chinese automakers about potential production partnerships. Headlight.News has details.
Canada is about to open the door to Chinese auto imports and brands like BYD, Geely and Great Wall are already well-established in Mexico. With the U.S. sandwiched in-between, Americans are growing increasingly aware of Chinese vehicles. But are they ready to buy? The answer seems to be a very solid “yes.” Headlight.News has more.
Canada reached a new trade deal with the Beijing government that will slash tariffs on Chinese EV imports, though their numbers initially will be capped below 50,000. Not all Canadians are pleased by the agreement. Meanwhile Pres. Donald Trump offered praise, raising questions about whether he might also be ready to open up the U.S. to Chinese vehicles. More from Headlight.News.
Tesla reported its second annual sales decline on Friday – a dip made worse by the fact that the Texas-based automaker also slipped to second in the global EV sales race, ceding its crown to China’s aggressive upstart BYD. Headlight.News has more.
This year’s Japan Mobility Show proves there’s still plenty of life left on the auto show circuit. The biennial event brought out dozens of new cars, concepts – and even a rocket – during its media preview. Headlight.News was in Tokyo and takes a look at some of the most significant products to debut there.