China’s clean energy industries drove more than 90% of the country’s investment growth last year, making the sectors bigger than all but seven of the world’s economies, a new analysis has shown. For the second time in three years, the report showed the manufacture, installation and export of batteries, electric cars, solar, wind and related technologies accounted for more than a third of China’s economic growth. Despite the chilling effect of Donald Trump’s tariffs and support for fossil fuels, the new data highlighted the continuing momentum behind the shift towards…
Tag: Electric, hybrid and low-emission cars
Chinese carmaker Chery to launch fourth brand in UK
The Chinese carmaker Chery is launching a fourth brand in the UK, continuing a push into the British market where it has rapidly become a major player. The state-owned company said on Wednesday it would sell cars under the Lepas brand, which is developing battery and hybrid SUVs aimed at younger families, mainly in the European market. The decision to add a fourth brand in the UK underlines Chery’s efforts to win market share. The Lepas cars will be built initially in China and imported to the UK, which does…
China to ban hidden car door handles on all EVs over crash safety concerns
China will soon ban concealed door handles on electric vehicles (EVs), becoming the first country to do so after several deadly incidents triggered global scrutiny of the controversial design first popularised by Tesla. According to regulations announced on Monday by the Ministry of Industry and Information Technology, cars sold in China will now be required to have a mechanical release on both the inside and outside of every door except the boot. The new regulations will “improve the level of automotive safety design”, it said. Due to take effect on…
China forecast to have sold one in every 10 new cars in UK in 2025
Chinese brands are on course to account for one in every 10 new cars sold in Britain during 2025, a marked increase on last year as sales increase across Europe. Manufacturers led by MG, BYD, and Chery are on track to break the 200,000 mark in UK new car sales in 2025, meaning they are very likely to account for 10% of the market, according to Matthias Schmidt, an analyst tracking electric cars across Europe. Spain and Norway also get a tenth of their new cars from Chinese brands, with…
Driving competition: China’s carmakers in race to dominate Europe’s roads
When Tesla wanted to catch the eye of British buyers, it put its cars and bright signage at a dealership in west London’s prominent Hogarth roundabout. Exposure to half a million drivers every day helped the US carmaker to become the dominant electric vehicle seller in the UK. Yet drivers passing by that site now see something different: twin Chinese brands Omoda and Jaecoo, both owned by the state-controlled manufacturer Chery. Chinese cars are on a roll across Europe – they outsold Korean rivals in western Europe for the first…
The Guardian view on hybrid cars: profitable for carmakers but not very green | Editorial
“Why the future is hybrid,” chirruped the Economist in 2004. While electric vehicles (EVs) looked like science fiction, that prediction looked prescient. Fast‑forward 20 years and battery technology has improved dramatically; EVs are affordable. Last week it emerged that plug-in hybrid electric vehicles (PHEVs) aren’t very green. The sales pitch had been that motorists could use “clean” battery power for city jaunts and dirty petrol for longer trips. This promised sustainable travel without the anxiety of a limited range. But real‑world tests, by the European non-profit Transport and Environment, show that…
Tesla sales in Europe slump 40% as BYD new car registrations more than triple
Tesla sales slumped 40% across Europe in July compared with a year earlier as Elon Musk’s electric car company faces increasingly tough competition from its Chinese rival BYD. There were 8,837 sales of Tesla cars last month across the EU, the European Free Trade Association and the UK, according to figures from the European Automobile Manufacturers’ Association (ACEA). That compared with 14,769 at the same point last year. New car registrations for BYD across Europe rose to 13,503 last month, compared with 4,151 a year earlier. BYD now has 1.2%…
China’s overcapacity is creating instability at home and abroad | George Magnus
China’s astounding technological success in mass-producing quality electric vehicles (EVs) sits alongside a serious flaw in its industrial model: overcapacity. It has the capacity to produce about three times as many units as it can sell at home. The consequences so far have included widespread price cutting, large losses, misallocation of capital, and surging low-cost EV exports leading to trade conflict. The bigger problem, though, is that EVs are just a part of a broader overcapacity problem involving a myriad of sectors and products. At home, Chinese overcapacity lies at…
Chinese carmakers led by BYD report big rises in UK sales in July
Chinese carmakers led by BYD reported big jumps in UK sales last month, despite a declining overall car market, including a 59% slump in sales from their electric vehicle rival Tesla. BYD sales quadrupled year on year to reach 3,200 in July, even as overall sales of all types of car declined by 5% to 140,000, according to data published on Tuesday by the Society of Motor Manufacturers and Traders (SMMT), a lobby group. The car industry has said it is struggling with a weak economy, which is holding back…
China warns EV makers to stop price-cutting to protect the economy
China is urging its electric vehicle industry to stop cutting prices and rein in production amid fears that persistent deflation is imperilling economic growth. In recent months Chinese officials have talked repeatedly of the need to combat “involution” in sectors suffering from overcapacity, such as EVs, referring to the phenomenon of investing more effort and money for diminishing returns. Xi Jinping has spoken of the problem directly. In an unusually blunt speech this month, China’s president criticised provincial governments for blindly overinvesting in artificial intelligence, in computing power and in…