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China's Electric Vehicle Factories Have Become Tourist Hotspots

Wired · 2m ago

China's Electric Vehicle Factories Have Become Tourist Hotspots

Chinese electric vehicle (EV) factories, like those of Xiaomi and Nio, have become popular tourist attractions. Thousands apply for limited slots to visit and witness highly automated production lines. Xiaomi, once a smartphone giant, now offers EV factory tours where visitors can see robotic assembly and even test ride cars. Such tours, initiated in 2025, aim to promote brand engagement and showcase cutting-edge robotics and automation, reflecting China's shift to advanced manufacturing.

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BYD slows production, delays capacity expansion at China factories, sources say

Economic Times

Economic Times · 2m ago

BYD slows production, delays capacity expansion at China factories, sources say

BYD, China's leading electric vehicle manufacturer, has reduced production and postponed expansion at several factories due to rising inventory and slower sales growth. The company, which overtook Tesla as the top EV producer, has cut shifts and output by at least a third at some locations. Despite aggressive price cuts, sales fell short of targets, prompting cost-saving measures. These moves highlight challenges in China's competitive auto market, leading BYD to explore overseas opportunities to bolster sales.

Out of rare earths, India’s automakers turn to old tricks and new tech

Livemint

Livemint · 24d ago

Out of rare earths, India’s automakers turn to old tricks and new tech

China's restrictions on rare earth magnets have challenged India's goal to become an electric vehicle manufacturing hub. The auto industry is now seeking alternative solutions to reduce reliance on China. VinFast, a Vietnamese EV maker, has opened its plant in Thoothukudi, Tamil Nadu, investing ₹16,000 crore in phases. It will produce EVs for the Indian market and serve as an export hub. VinFast has begun bookings for its premium electric SUV models, VF 6 and VF 7.

GM delays Indiana EV battery factory amid weak US market growth, seals joint venture deal with Samsung | Mint

Livemint

Livemint · 1y ago

GM delays Indiana EV battery factory amid weak US market growth, seals joint venture deal with Samsung | Mint

Production at the General Motors and Samsung SDI electric vehicle battery cell plant in Indiana has been delayed until 2027, as EV sales in the US have slowed. The joint venture, which was announced last year, aims to produce nickel-rich prismatic batteries to lower costs and improve driving range. The delay is attributed to market conditions and contractual issues. Despite the slowdown in EV sales, the US electric vehicle market still grew by roughly 7% in H1 2021. GM and Samsung also have three other joint venture battery cell factories.

China's Xiaomi unveils first electric car, plans to become top automaker

Reuters · 1y ago

China's Xiaomi unveils first electric car, plans to become top automaker

Chinese smartphone maker Xiaomi has unveiled its first electric vehicle, the SU7 sedan, with ambitions to become one of the top five automakers worldwide. The vehicle is equipped with advanced "super electric motor" technology that provides faster acceleration than Tesla and Porsche EVs. Despite the challenging market conditions in China's auto industry, Xiaomi CEO Lei Jun remains confident in the company's plans. The SU7 is expected to appeal to consumers with its shared operating system with Xiaomi's popular devices and its fast-charging capabilities in low temperatures. Xiaomi aims to develop a "dream car comparable to Porsche and Tesla."

Thousands of Chinese EVs Clog Up Brazil’s Ports in Slowdown

Livemint

Livemint · 8m ago

Thousands of Chinese EVs Clog Up Brazil’s Ports in Slowdown

Brazilian ports have become congested with unsold Chinese electric vehicles (EVs), signalling challenges for China's automakers and their global growth ambitions. Companies like BYD and Great Wall Motor have found success in Brazil, which is the world's sixth-largest auto market, but are now facing increasing competition, slowing EV growth rates, and the reintroduction of import tariffs. To maintain market share and push back against domestic manufacturers, BYD flooded Brazil with vehicles ahead of the tariffs. However, finding new customers for EVs in a country with limited charging infrastructure remains a challenge. BYD and Great Wall Motor are planning to open factories in Brazil to speed up adoption. Other Chinese automakers are also expanding into Brazil due to tax barriers in Europe and the US. Established automakers such as Volkswagen, Toyota, and Renault have announced considerable investments in hybrid vehicles in Brazil.

Why a Chinese gadget company can make an electric car and Apple can't

Economic Times

Economic Times · 6m ago

Why a Chinese gadget company can make an electric car and Apple can't

After nearly a decade of attempts, Apple abandoned its electric car project, which cost $10 billion. Meanwhile, China's Xiaomi successfully launched its first electric car after just three years, delivering 135,000 units, with plans to double production by 2025. Xiaomi leveraged China's robust electric vehicle supply chain, offering affordable, feature-rich cars like the SU7. Chinese EV companies, backed by government support, now dominate global battery production, exemplified by BYD and CATL's success.

Foxconn says execs from Nvidia, Google, BMW will speak at its annual forum

Economic Times

Economic Times · 11m ago

Foxconn says execs from Nvidia, Google, BMW will speak at its annual forum

- Foxconn to host annual tech day forum next week, with executives from companies like Nvidia, Google, and BMW speaking. - Nvidia CEO Jensen Huang made an appearance last year to announce a partnership with Foxconn for building AI factories. - Executives will discuss topics such as artificial intelligence, electric vehicles, and digital health management. - Two new electric vehicle models will be unveiled at the event. - Foxconn aims to replicate its success in assembling electronics as it expands into making electric vehicles.

AI data center boom spurs race to find power

Livemint

Livemint · 11m ago

AI data center boom spurs race to find power

The tech industry's increasing demand for electricity to power artificial intelligence (AI) is causing a shortage in available power. The need for electricity for data centers, factories, and electric vehicle charging infrastructure is causing high-voltage electric wires to reach capacity. Some prospective data center customers are being told they may have to wait until the next decade to get the power they need. The growing demand for power is also sparking fights over grid upgrades and how to pay for them. This demand is driven by the rapid growth of AI spending and an increase in electric power requirements for transportation and industry.

China's Xiaomi receives almost 300,000 SUV pre-orders in minutes - The Economic Times

Economic Times

Economic Times · 2m ago

China's Xiaomi receives almost 300,000 SUV pre-orders in minutes - The Economic Times

Chinese tech company Xiaomi received nearly 300,000 pre-orders within an hour for its first electric sport utility vehicle, marking a significant milestone in the automotive sector. The vehicle, a five-seater named YU7, is priced from approximately $35,000. The overwhelming response led to an 8% surge in Xiaomi's shares. Despite initial setbacks such as a fatal crash earlier in assisted driving mode, the company continues to align with China's goals to enhance domestic consumption in the electric vehicle market.

Tesla's October China-made EV sales fall 2.6%; rival BYD sales up 5%

Economic Times

Economic Times · 1y ago

Tesla's October China-made EV sales fall 2.6%; rival BYD sales up 5%

According to the China Passenger Car Association (CPCA), Tesla's China-made electric vehicle sales dipped 2.6% in October, with 72,115 units delivered. In contrast, Chinese rival BYD experienced a 5% increase in passenger vehicle deliveries, reaching 301,095 units. Tesla's market share in China's EV segment decreased to 9.89% in Q3 from 12.98% in Q2, despite the company prioritizing sales over earnings in the country. Other domestic automakers, including BYD and Huawei-backed Aito, have made significant progress in the Chinese auto market.

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