China’s share of the European electric car market has more than doubled in less than two years as the world’s second largest economy tries to take the lead in the transition away from petrol and diesel cars. The UK is the largest market in Europe for Chinese electric car brands, accounting for almost a third of sales in 2023 so far, according to data from Schmidt Automotive Research on the 18 largest European car markets. About 5% of all new car sales in the UK were from Chinese brands in…
Tag: Electric, hybrid and low-emission cars
Lotus produces record 2,200 sports cars in first half of 2023
The British carmaker Lotus produced a record number of sports cars in the first half of 2023, as it gears up for a huge push behind sales of a new electric SUV under its Chinese owners’ expansion plans. Lotus, which marked its 75th anniversary this year, produced 2,200 vehicles in the first six months of the year at its factory in a former second world war bomber factory at Hethel in Norfolk. The bulk of the vehicles built were the Emira sports car, the first new Lotus product since the…
Battery power: how China could take charge of the electric vehicle market
If you bought an electric vehicle in the UK this year, there’s a good chance it was an MG4. The fully electric hatchback, which launched in 2022, sold 5,200 units in the first three months of this year, the second-best selling EV behind Tesla’s Model Y. With prices starting at about £27,000, it is also substantially cheaper than the Tesla at £45,000. And while MG is one of Britain’s most famous car brands – with a century of carmaking in Birmingham until MG Rover’s 2005 collapse – the secret to…
Is China really leading the clean energy revolution? Not exactly | Li Shuo
Big numbers are a hallmark of China’s economy and now its energy transition: they thrill, they mystify, and at times they contradict, at least on the surface. China’s solar capacity is now 228 gigawatts (GW), more than the rest of the world combined, according to Global Energy Monitor. And wind capacity, at a whopping 310GW, also leads the world. With another 750GW of new wind and solar projects in the pipeline, China will hit its 2030 target of 1,200GW – an unimaginable number when proposed just a few years ago…
EU softens China strategy by adopting ‘de-risking’ approach
EU leaders have launched a policy towards China of “de-risking”, a softening of its unofficial “decoupling” approach that reflects concerns over the economic damage of cutting off the world’s second-biggest economy or entering a trade war with it. The decision was agreed quickly at a summit of leaders in Brussels after the European Commission chief, Ursula von der Leyen, went into the summit with consensus among the 27 member states. The bloc took the view that supply chains for chemicals for electric vehicle batteries and semiconductors were especially vulnerable to…
Twitter and Tesla’s interests at odds in Elon Musk’s quiet China visit
Followers of Elon Musk didn’t know what to expect from his trip to China. Would he speak about Tesla, a company with a large market and manufacturing footprint there? Or SpaceX, with its symbiotic relationship with the American state? Or even Twitter, the social network he bought because “free speech is the bedrock of a functioning democracy”? The one thing no one expected: silence. Musk sent his last tweet late on Monday night. The uncharacteristic hiatus was broken only on Thursday morning when he returned to the US and wrote…
Chinese owner of Lotus Technology to list a stake in US via blank cheque firm
The Chinese owner of Lotus is to list a stake in a division of the luxury sports car group in the US as part of deal with a firm backed by the world’s richest man. China’s Geely said on Tuesday that it plans to merge electric carmaker Lotus Technology – an offshoot of the Norfolk-based sports car brand – with a special purpose acquisition vehicle (Spac) founded by L Catterton, which is backed by LVMH and its billionaire founder, Bernard Arnault. The Nasdaq listing is expected to value the business…
Britain’s electric dreams will never come true while China has a materials advantage | John Naughton
In his book Electrify: An Optimist’s Playbook for Our Clean Energy Future, Saul Griffith, an American inventor, entrepreneur and engineer, sets out a plan for decarbonising the US: electrify everything. From now on, every time people replace a vehicle or renovate a building or buy an appliance, they should be buying electric. Every new roof must have solar panels, all new housing must be energy efficient and shouldn’t contain a gas cooker. All that’s required to make this happen is a collective national effort comparable to the mobilisation of the…