Some of China’s wealthiest tycoons steered billions of dollars into electric car companies to fuel the country’s dreams of becoming a leader in the field. Now a reckoning may be looming as car sales slow and the government reduces subsidies for the nascent industry.
December 3, 2019electric News Updates
Billionaires Investing in China’s Electric Cars Face Shakeout
Nikola Announces Battery Technology Available to All
Nikola Corp. announced it has battery technology that would double the range of its heavy-duty trucks that are either fully electric or use a hydrogen fuel cell.
November 19, 2019Daimler’s New CEO Ola Kallenius Warns Shift to Electric Cars Will Be Painful
Daimler AG’s new CEO warned there will be no quick fix for the automaker’s struggles to adapt to an era of self-driving, electric cars.
November 14, 2019GM Sells Shuttered Lordstown, Ohio, Assembly Plant to Electric Vehicle Startup
Lordstown Motors Corp., the electric-truck startup formed specifically to save a shuttered Ohio car factory, has acquired the highly politicized plant from General Motors Co.
November 7, 2019Infiniti Will Market Cars That Still Fill Up on Gas as Electric
Infiniti bills itself as being a convention challenger, but the Nissan Motor Co. luxury-car division still sees the future of electrification much like the era of internal combustion.
November 4, 2019Dana Announces Partnerships for Electric Vehicles
ATLANTA — Dana Inc. announced three partnerships intended to advance its electrified powertrain business, including one with an unidentified major North American commercial-vehicle manufacturer to supply complete e-powertrain systems for a medium-duty vehicle program beginning next year.
October 27, 2019Volvo, Geely to Merge Engine Units in Electric Car Push
Volvo Cars and China’s Geely plan to merge their engine operations into a stand-alone company, a step the Swedish automaker says will cut costs as it shifts to a fully electrified lineup.
October 7, 2019Porsche, Tesla Compete on Electric Vehicle Speed
First there was derision. Then mockery turned into admiration. Now a battle is unfolding between the most revered names in the automobile world, Porsche and Tesla Inc., on one of the world’s most challenging racetracks.
September 13, 2019BYD Selects Milea Truck as NYC Dealer
BYD Motors Inc. announced Milea Truck Sales and Leasing as its fully authorized truck dealer to support the New York metropolitan area.
August 30, 2019Buffett-Backed BYD Close to Battery Supply Deal With Audi
Volkswagen AG’s Audi luxury-car brand is in talks to add China’s BYD Co. as a supplier of batteries used in its premium electric vehicles, according to people familiar with the matter.
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