BHP partners with BYD, CATL to advance battery solutions for mining July 17, 2025 BHP and BYD will jointly investigate powertrain battery solutions for heavy mining equipment and locomotives with their adjacent flash-charging infrastructure, as well as explore BYD commercial vehicles and light vehicles for use in BHP’s mining applications.
Hungary again top European destination for Chinese FDI May 30, 2025 Hungary received 31% of all Chinese FDI targeting EU and UK in 2024. Investment in EV manufacturing played a central role, with Hungary alone receiving 62% of all Chinese EV-related FDI, up from 57% the previous year.
BYD establishes European HQ and R&D hub in Hungary May 21, 2025 Chinese electric vehicle giant BYD plans to establish its European headquarters and R&D base in Hungary, marking a major expansion of its footprint on the continent.
Chinese EV maker BYD re-evaluates European strategy in face of resistance April 28, 2025 Executives speaking anonymously revealed that BYD is rethinking how it approaches the European market in the wake of the continent’s resistance to its technology.
520km after 5 minutes charging? CATL races ahead of competition April 22, 2025 China’s CATL, the world’s largest EV battery maker, also announced its sodium-ion cell battery, Naxtra, was ready for commercialization and unveiled new dual-power batteries that can go for 1,500km on a single charge.
Top 50 EMS firms grew 12.7% in 2024, reached $477B in assembly revenue April 18, 2025 Overall, the APAC region accounted for around 74.7% of the Top 50 EMS revenue, and the Americas achieved 20.4% revenue growth, an increase of 2.4%, while the EMEA region constituted 2.5%, and an increase of 0.3%, mainly due to extensive activity in acquisitions.
China delays approval for Geely, BYD investment plans in Latin America April 14, 2025 Approval from China has taken longer than expected for the projects, with China’s state planner raising concerns that there are tech transfer risks in the Chinese automakers’ plans, Reuters reports.
Alibaba forms AI technology partnership with BMW March 27, 2025 The Chinese-German partnership aims to develop AI technology to support the development of the next generation of vehicles in China.
BYD annual sales cross $100 billion, surging ahead of Tesla March 26, 2025 Chinese EV maker BYD reported a 29% jump in sales from the previous year on deliveries of 4.27 million cars. By comparison, Tesla’s 2024 revenue was USD 97.7 billion.
Xiaomi raises $5.5 billion in share sale amid EV push March 25, 2025 Xiaomi is targeting its nascent EV business to propel growth and has raised its EV delivery target for 2025. The Chinese tech giant is also expanding the size of a planned second factory in Beijing.
EU trade chief suggests tech transfers in exchange for Chinese EV investment March 21, 2025 EU trade chief Maros Sefcovic has suggested ahead of an official visit to Beijing that technology transfer should be a condition of Chinese investment in Europe’s EV industry.
European Union launches investigation into Chinese EV subsidies March 21, 2025 The EU has initiated a probe into unfair Chinese subsidies of a Hungarian EV manufacturing plant.
Thailand approves $1B investment from China’s Sunwoda March 17, 2025 Shenzhen-based battery maker Sunwoda is expected to create 1,000 jobs in Thailand for production of lithium-ion battery cells for EV manufacturers.
BYD, Saudi partner on ‘world’s largest’ BESS projects February 24, 2025 This cooperation is a major step towards advancing Saudi Arabia's renewable energy industry and aligning with the ambitious goals set forth in Saudi Arabia's Vision 2030 initiative.
Toyota Establishes New EV and Battery Production Company in China February 10, 2025 Toyota has announced that it will establish a wholly owned production company in Shanghai to increase its production of EVs and batteries for its Lexus brand.
VinFast to shake up Indian market with premium electric SUV January 20, 2025 Vietnamese electric vehicle maker Vinfast has announced it will enter the Indian market with two premium electric SUVs
China drives global EV sales to another record high December 13, 2024 In line with earlier trends, China contributed to nearly 70% of total EV sales in November, while Europe showed a slight year-on-year decline.
Oppo invests $4.2 million in HK PolyU’s AI imaging center November 05, 2024 The Hong Kong Polytechnic University-Oppo Joint Innovation Lab will be upgraded to the Joint Innovation Research Centre.
Livium bags $560,000 grant for battery recycling plant November 04, 2024 The grant was awarded to Livium’s subsidiary Envirostream Australia as part of the Western Australian Government’s electronic waste infrastructure funding program.
Chinese carmakers may pause investment in some EU countries November 01, 2024 Chinese automakers were told by the Ministry of Commerce that they should put the brakes on big investment plans in EU countries that back extra tariffs on Chinese-built EVs, sources told Reuters.
Did Apple ‘work secretly’ with China’s BYD on EV battery project? October 18, 2024 Apple and Chinese carmaker BYD teamed up around 2017 with the aim of building a battery system using lithium iron phosphate cells, according to a Bloomberg report.
China’s GAC considers making EVs in Europe October 14, 2024 The Chinese state-owned automaker believes local production is one of the ways to dodge EU tariffs that come into effect in November.
Volvo delays construction of battery plant in Sweden September 16, 2024 Construction for Volvo’s new battery production plant in Sweden was expected to start in 2025. But the start date has now been pushed back by between 12 and 24 months, the WSJ report said.
Keep EV tech at home, Beijing instructs Chinese automakers September 13, 2024 China’s Ministry of Commerce told automakers that they shouldn’t make any auto-related investments in India in a bid to safeguard Chinese EV tech and lower regulatory risks, the Bloomberg report said.
India’s Reliance Infrastructure considering EV push September 09, 2024 The company has hired a former India executive at Chinese automaker BYD to advise on its plans to make electric cars and batteries, according to a report by Reuters.
Toyota, Nissan join $7 billion push to boost Japan’s battery production September 06, 2024 Toyota and Nissan are likely to invest 250 billion yen and 150 billion yen, respectively, while Panasonic is investing another 550 billion yen.
German cabinet approves EV tax relief amid Volkswagen’s SOS September 04, 2024 The tax breaks will be worth about EUR 465 million (USD 514 million) annually between 2024 and 2028.
China’s BYD to build new EV factory in Pakistan August 19, 2024 BYD will also open three “flagship stores and experience centres” in Karachi, Lahore and Islamabad. It plans to start selling a sedan and two SUV models from the fourth quarter of this year.
BYD to build $1bn EV megaplant in Turkey July 17, 2024 The fast-growing Chinese automaker BYD has announced plans to build a vast manufacturing facility in Turkey's Manisa province.
Chinese state prepares to inject $830m into battery R&D June 03, 2024 The Chinese government is planning to make its biggest ever investment in domestic solid-state battery tech.
NEV sales increase 16.9% in 1Q24, PHEV surge nearly 50% May 30, 2024 According to TrendForce Global Automotive Reports, the global sales of NEVs (including BEVs, PHEVs, and FCEVs) surged to 2.842 million units in 1Q24—making a 16.9% YoY increase.
China retains market advantage in battery development May 27, 2024 On May 14, the White House announced significant tariff increases on Chinese EVs and batteries. EV tariffs will jump from 25% to 100%, and battery tariffs will rise from 7.5% to 25%. TrendForce posits that Chinese EVs account for less than 2% of the US EV market, making the actual impact of these tariff hikes minimal.