Business / Finance

German automakers in 'darkest moment' speed up EV transition - Chinese executive

Logo Channel NewsAsiaChannel NewsAsia
2023-09-06 09:23:16  • 2 mins

Best News Website or Mobile Service

WAN-IFRA Digital Media Awards Worldwide 2022

Best News Website or Mobile Service

Digital Media Awards Worldwide 2022

MUNICH : German automakers under heavy pressure from Chinese competition are speeding up their transition to electric vehicles, enabling partnerships with the likes of EV startup Xpeng, its CEO Brian Gu said in an interview on Wednesday.

Of new EVs sold in Europe in 2023, 8 per cent were made by Chinese brands, up from 6 per cent last year and 4 per cent in 2021, according to autos consultancy Inovev.

"It is perhaps the darkest moment for German automakers but I also feel their strongest determination ever to change at the IAA," Gu said on the sidelines of Munich's IAA car show.

Continue read on channelnewsasia.com

Business / Finance
Tesla rival Li Auto breaks sales record for the sixth month
The carmaker, one of Chinas EV marques, broke monthly sales records again, riding on robust demand in the worlds largest EV market.
Logo South China Morning PostSouth China Morning Post
2023-10-01 12:33:13  • 1 min
Business / Finance
Tesla faces such fierce competition in China that its offering a revamped Model Y with no price increase
Elon Musk's electric-vehicle maker faces escalating price pressure from domestic rivals likeBYD Co.
Logo FortuneFortune
2023-10-01 13:44:38  • 1 min
Business / Finance
5 High-End Electric Cars That the Rich Love Including Tesla
Tesla is still the biggest name in premium electric vehicles, but the company now has so much competition from high-end rivals that it has lowered its prices...
Logo NasdaqNasdaq
2023-10-01 17:00:44  • 1 min
Business / Finance
Tesla launches updated Model Y in China, keeps starting price unchanged
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide 2022 Best News Website or Mobile Service Digital Media Awards Worldwide 2022...
Logo Channel NewsAsiaChannel NewsAsia
2023-10-01 06:48:18  • 1 min
Business / Finance
Where German Cars Falter, E-Bikes Gain in Power
E-bikes sales in Germany have jumped, as drivers, suppliers and even automakers embrace their role in the future of transportation. Germanys automakers are...
Logo The New York TimesThe New York Times
2023-09-30 09:00:36  • 1 min
Business / Finance
Tesla Gets Caught In EU-China Crossfire
For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn...
Logo NasdaqNasdaq
2023-09-26 23:00:09  • 1 min
Economy
EV makers such as Tesla could fall under Europe's subsidy probe into China, EU's trade chief says
Key Points Non-Chinese brands of electric cars, such as Tesla and BMW, could be examined as part of an ongoing subsidy investigation on China that the...
Logo CNBCCNBC
2023-09-28 08:27:25  • 1 min
Business / Finance
Chinese EV maker Zeekr sweeps into Europe amid subsidy spat
The company started European sales of two models just weeks ago and plans to add another seven by 2025, but its aspirations could run into a roadblock should...
Logo South China Morning PostSouth China Morning Post
2023-09-25 09:34:18  • 1 min
Business / Finance
China's factory activity recovery slows in September - Caixin PMI
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide 2022 Best News Website or Mobile Service Digital Media Awards Worldwide 2022...
Logo Channel NewsAsiaChannel NewsAsia
2023-10-01 01:51:12  • 1 min
Business / Finance
Opinion: EU tariffs aimed at China-made EVs will hit Europe too
If tariffs are imposed at the end of the anti-subsidy investigation, they would apply to all cars made in China including those by European brands. Higher...
Logo South China Morning PostSouth China Morning Post
2023-09-26 14:30:10  • 1 min
Business / Finance
Germany's Scholz not convinced about tariffs on Chinese EVs -Wirtschaftswoche
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide 2022 Best News Website or Mobile Service Digital Media Awards Worldwide 2022...
Logo Channel NewsAsiaChannel NewsAsia
2023-09-28 04:06:15  • 1 min
Business / Finance
Elon Musks Shanghai-built Tesla EVs targeted in EU probe into Chinese state subsidies to avoid a race to the bottom
GigaShanghai, Tesla's largest factory by output, is also its most profitable.
Logo FortuneFortune
2023-09-26 17:33:19  • 1 min
Business / Finance
1 EV Stock to Buy Hand Over Fist Right Now (Hint: It's Not Tesla or Rivian)
The electric vehicle (EV) market is jam-packed with competitors ranging from younger entrants such as Tesla, Rivian, or Polestar to legacy automakers like...
Logo NasdaqNasdaq
2023-09-29 09:38:00  • 2 mins
Business / Finance
Analysis:Tesla's rivals scrap for thin slices of US EV sales
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide 2022 Best News Website or Mobile Service Digital Media Awards Worldwide 2022 Ford...
Logo Channel NewsAsiaChannel NewsAsia
2023-09-27 10:04:16  • 1 min
Economy
European auto manufacturers urge delay of post-Brexit EV tariffs
In a significant move to protect the electric vehicle (EV) industry in Europe, the European Automobile Manufacturers' Association (EAMA) has urged...
Logo Investing.comInvesting.com
2023-09-25 00:23:16  • 1 min
Economy
EU trade chief says the outcome of China EV probe cannot be prejudged
Key Points About two weeks ago, the European Commission announced an investigation into government subsidies for electric vehicle makers in China. Europe may...
Logo CNBCCNBC
2023-09-26 05:35:08  • 1 min
Business / Finance
China's services activity expands at slowest pace this year - Caixin PMI
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide 2022 Best News Website or Mobile Service Digital Media Awards Worldwide 2022...
Logo Channel NewsAsiaChannel NewsAsia
2023-10-01 01:53:42  • 1 min
Business / Finance
China new home prices tick up in Sept, ending four-month decline - survey
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide 2022 Best News Website or Mobile Service Digital Media Awards Worldwide 2022...
Logo Channel NewsAsiaChannel NewsAsia
2023-10-01 04:47:16  • 1 min
Business / Finance
Exclusive-China's Nio explores investment, tech alliances with Mercedes - sources
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide 2022 Best News Website or Mobile Service Digital Media Awards Worldwide 2022...
Logo Channel NewsAsiaChannel NewsAsia
2023-09-28 11:08:13  • 1 min
Business / Finance
China factory activity expands for first time in six months
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide 2022 Best News Website or Mobile Service Digital Media Awards Worldwide 2022...
Logo Channel NewsAsiaChannel NewsAsia
2023-09-30 01:41:44  • 1 min
01 Oct, 2023 >
ESPN 2023 College Football Power Rankings after Week 5 - ESPN
Oct 01, 2023  | 21:19
AP college football poll reaction - What's next for each top-25 team - ESPN
Oct 01, 2023  | 21:19
Georgia's hold on No. 1 spot shrinks as Michigan, Texas gain - ESPN
Oct 01, 2023  | 21:19
Buck Showalter won't return as Mets manager in 2024 - ESPN
Oct 01, 2023  | 21:19
World >
Inside nightclub as firefighters tackle deadly blaze
Oct 01, 2023  | 14:56
Mali crisis: Fierce fighting erupts after Tuareg rebels kill more than 80 soldiers
Oct 01, 2023  | 17:11
Hardline Republicans seek to oust House Speaker Kevin McCarthy
Oct 01, 2023  | 17:55
Biden vows to stand by Ukraine, despite budget fiasco
Oct 01, 2023  | 19:25
Business >
PH sets maiden issue of sukuk bonds in November
Oct 01, 2023  | 21:09
BIZ BUZZ: Family squabble erupts over money
Oct 01, 2023  | 21:08
PH Sept inflation pegged at 5.3%
Oct 01, 2023  | 21:11
Indonesia commits to supply PH coal
Oct 01, 2023  | 21:10
Politics >
Full transcript of Face the Nation, Oct. 1, 2023
Oct 01, 2023  | 20:31
Chancellor chooses plane over train to get from London to Manchester
Oct 01, 2023  | 20:32
Former Defense Secretary Mark Esper says he has concerns about Trump's foreign policy ideas
Oct 01, 2023  | 20:48
Face the Nation: Graham, Esper, Fitzpatrick
Oct 01, 2023  | 20:48
Health >
Ontario government expands list of conditions pharmacists can treat
Oct 01, 2023  | 16:32
Jake Abraham: Lock, Stock and Two Smoking Barrels actor dies aged 56
Oct 01, 2023  | 20:29
Climate change is now being blamed for making mosquitoes GIANT and more dangerous
Oct 01, 2023  | 21:01
Most accident-prone states REVEALED in DM.com interactive map - and how you're more likely to get...
Oct 01, 2023  | 21:01
Entertainment >
How No One Will Save You Terrifies Us With Hardly a Word
Oct 01, 2023  | 19:52
Katherine Ryan: Difficult choice to work with dangerous comic
Oct 01, 2023  | 20:26
Jaap van Zwedens Final Season
Oct 01, 2023  | 20:23
At Fall for Dance, Meeting Enthusiasm With Mediocrity
Oct 01, 2023  | 20:52
Science >
A day in the life of a farmer's wife
Oct 01, 2023  | 11:14
Giant rodents ready to meet Jersey Zoo visitors
Oct 01, 2023  | 11:13
Mindfulness trail created in Forest of Dean woods
Oct 01, 2023  | 11:24
Wrexham: Acton sweet chestnut in UK's tree of the year finals
Oct 01, 2023  | 13:04
Lifestyle >
Gorgeous Thieboudienne, Maple-Butter Roast Chicken and Gochujang Potato Stew
Sep 30, 2023  | 18:00
A Cooking Editor Who Finds Inspiration Everywhere
Oct 01, 2023  | 10:00
Designers at Alexander McQueen and Chlo Say Farewell
Oct 01, 2023  | 11:01
A Pretty Perfect Pollo Asado
Oct 01, 2023  | 18:00
Auto >
Biden Heads to UAW Picket Line in Michigan
Sep 26, 2023  | 12:02
A Changing Auto Industry, but Still Good Stories in Detroit
Sep 29, 2023  | 10:00
Yuki Tsunoda: The Potty-Mouthed Japanese F1 Racer Who Became a Cult Star
Sep 28, 2023  | 9:40
Environment >
Biden Administration to Offer Fewest Offshore Oil and Gas Leases in History
Sep 29, 2023  | 15:30
Why Smaller Storms Are Growing More Fearsome, More Often
Sep 30, 2023  | 10:00
Bidens Ambitious Promise for Lead Pipe Removal Comes Under Scrutiny
Sep 30, 2023  | 12:00
After Intense Floods, New York City Lurches Back to Life
Sep 30, 2023  | 18:37
Travel >
Want a Vacation Souvenir? Buy Toothpaste.
Sep 26, 2023  | 12:02
The Best Restaurants in Los Angeles Right Now
Sep 26, 2023  | 12:01
A Tasting Room for Black Currant Liquor in Upstate New York
Sep 28, 2023  | 16:00
A Sri Lankan Bakers Baguette Conquers France
Sep 29, 2023  | 12:01
Sports >
Georgia's hold on No. 1 spot shrinks as Michigan, Texas gain - ESPN
Oct 01, 2023  | 21:19
AP college football poll reaction - What's next for each top-25 team - ESPN
Oct 01, 2023  | 21:19
Buck Showalter won't return as Mets manager in 2024 - ESPN
Oct 01, 2023  | 21:19
ESPN 2023 College Football Power Rankings after Week 5 - ESPN
Oct 01, 2023  | 21:19
Education >
Coggeshall school hit by concrete crisis installs new buildings
Sep 28, 2023  | 8:17
Scotland schools strike: Nicola Sturgeon joins picket line in Edinburgh
Sep 28, 2023  | 12:42
University of Pennsylvania R.A.s Vote to Unionize
Sep 29, 2023  | 6:05
Michigan School Shooter Is Found Eligible for Life Sentence Without Parole
Sep 29, 2023  | 17:47
Press Release >
Georgia's hold on No. 1 spot shrinks as Michigan, Texas gain - ESPN
Oct 01, 2023  | 21:19
AP college football poll reaction - What's next for each top-25 team - ESPN
Oct 01, 2023  | 21:19
Buck Showalter won't return as Mets manager in 2024 - ESPN
Oct 01, 2023  | 21:19
ESPN 2023 College Football Power Rankings after Week 5 - ESPN
Oct 01, 2023  | 21:19