Chinese auto exports have increased by over 50% year-on-year in the first nine months of 2021 thanks to the industry’s recovery from the disruption of the Covid-19 pandemic, reports Caixin. China exported over 1.36 million vehicles between January and September, according to China Association of Automobile Manufacturers (CAAM) statistics released Tuesday, compared with 620,000 in […]
Category: Autos
Electric Last Mile Solutions (ELMS), a US commercial electric vehicle (EV) manufacturer, announced on Thursday that it has signed a battery supply agreement with China’s Contemporary Amperex Technology (CATL), reports Reuters. Financial terms of the deal, which runs through 2025, were not disclosed. CATL’s batteries power the Class 1 small delivery vehicle that ELMS began […]
Shipments of Tesla’s China-made cars to the domestic market rose for a second straight month in September amid declining general auto sales, reports Caixin. The electric vehicle (EV) maker reported shipments of 52,153 to the Chinese market last month, following a nearly 50% jump in August. The automaker exported 3,853 vehicles from its Shanghai factory, […]
Contemporary Amperex Technology (CATL), the world’s largest manufacturer of electric-vehicle batteries, agreed to acquire Canada’s Millennial Lithium Corp for $297.3 million, reports Caixin. The Chinese battery maker outbid rival Ganfeng Lithium in the latest foray to expand access to a key batter-making mineral. Fujian-based CATL will pay $3.02 per common share of Millennial in cash, […]
Chinese car manufacturer GAC, a subsidiary of Guangzhou Automobile Group Co, is exporting China-made sport-utility vehicles (SUVs) to Mexico, in its first large-scale sales effort in the North American market after years of planning, reports Reuters. The cars will be marketed under the Dodge marque. The “Dodge Journey” SUVs are built based on GAC’s vehicle design […]