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Posts Tagged ‘China’

Tesla Continues To Take More Risks, As Most OEMs Are Playing It Safe

01.20.2019 · Posted in Cars Articles, Other Vehicles Articles

AS THE REST OF THE AUTO INDUSTRY PLAYS IT SAFE, TESLA PILES ON MORE RISK After years of record sales and huge profits, legacy automakers are preparing for leaner times ahead. The US Big Three have killed off most of their sedans to concentrate on trucks and SUVs. GM is shuttering plants and laying off workers, ...

First “BYTON Place” Retail Store Opens Today in Shanghai, China

01.20.2019 · Posted in Cars Articles, Other Vehicles Articles

Meet “BYTON Place” BYTON took another big step to legitimacy today as they celebrated the grand opening of the first “BYTON Place” retail store in Shanghai, China.  This announcement comes off the mobility startup’s successful appearance at CES a couple of weeks ago in Las Vegas, where they were one of the highlights of the ...

GAC Sets Up Shop In Detroit To Focus On EVs

01.20.2019 · Posted in Cars Articles, Other Vehicles Articles

Going global. China’s GAC Group unveiled a research and development (R&D) center in Detroit, the biggest city of Michigan. This is the third R&D center the automaker has built in the U.S., the other two are located in Silicon Valley and Los Angeles. Covering a total floorage of over 4,500 square meters, the newly-unveiled R&D ...

Tesla May Have A Major Opportunity Related To Car-Sharing In China

01.19.2019 · Posted in Cars Articles, Other Vehicles Articles

TESLA’S REAL OPPORTUNITY IN CHINA COULD BE CAR-SHARING Global automakers are slavering over the opportunities in China, and Tesla is poised to take the lion’s share of the feast. However, the anticipated banquet isn’t all about vehicle sales. As Adam Minter writes in a recent article in Bloomberg, when Elon Musk recently broke ground on Tesla’s ...

Evergande Health Invests Big Into NEVs

01.19.2019 · Posted in Cars Articles, Other Vehicles Articles

Perhaps this will kick start the EV maker? Evergrande Health Industry Group Limited (Evergrande Health) announced on January 15 that Solution King Investments Limited (the Purchaser), a wholly-owned subsidiary of Evergrande Health, has entered into a Sale and Purchase Agreement with Kerryman Holdings Limited (the Seller), pursuant to which the Purchaser agrees to acquire, and ...

China is blurring men’s earrings on TV

Chinese TV is blurring out the ears of men wearing earrings. From CNN:

It's unclear if Chinese regulators have issued a specific directive barring men from being shown wearing earrings, or whether TV stations are reacting to a shift in what is considered culturally appropriate. Last year, China's media regulator banned TV stations from featuring actors ...

BYD Launches New Yuan EV535 Electric SUV

01.18.2019 · Posted in Cars Articles, Other Vehicles Articles

Lots more electric range than the previous Yuan. BYD formally released a set of photos of the new BYD Yuan EV535 all-electric SUV a few days ago, which will be available for presale in the middle of January. According to published photos, the BYD Yuan EV535 looks basically same as the existing model. Featuring BYD’s ...

China Is Building Too Many Electric Cars

01.18.2019 · Posted in Cars Articles, Other Vehicles Articles

China has 500 EV start-ups. The country can produce 20 million EVs a year. The Chinese government is preventing new electric car companies from starting up. The news – reported this week in the South China Morning Post – reveals that China is facing a potential glut of EV production. According to the Fitch rating ...

Go-Jek buys fintech startup Coins.ph for $72M ahead of Philippines expansion

Ride-hailing startup Go-Jek’s expansion into the Philippines ran into problems earlier this month over its ownership structure, but that isn’t deterring the Indonesian company from investing into the market. Today, Go-Jek announced that it has acquired local fintech company Coins.ph through “substantial investment” which gives it a majority stake in the business. The deal is officially ...

BloombergNEF Expects 2.6 Million EVs Sold Globally This Year, 57% In China

01.18.2019 · Posted in Cars Articles, Other Vehicles Articles

Bloomberg New Energy Finance Calls Clean Energy Transport A Resilient “Safe Haven” For Investors. Bloomberg’s research organization BloombergNEF foresees solid growth in electric vehicle sales for 2019. They state that 2.6 million EVs are expected to be sold globally for the year. If their predictions come to pass, this will represent a roughly 40% growth ...