Foreign carmakers in China, Foxconn’s EV push, Tesla in India: 7 EV reads
From foreign carmakers’ struggle in China to Xiaomi’s new luxury EV, here are seven EV stories you may have missed
1. Why foreign carmakers have little room to manoeuvre in China
Foreign carmakers are likely to see their market share in China shrink further this year as the brutal price war is expected to get worse, according to analysts.
2. Foxconn breaks ground on new China headquarters in EV push
Foxconn Technology Group has begun construction of a global headquarters for its New Business Development Group, as the Apple contract manufacturer expands into the production of electric vehicles (EVs), batteries, semiconductors and robots.
3. China trade team visits Germany to discuss cars after election and tariff spats
A Chinese trade group headed to Germany to discuss cooperation in the automotive space, where both sides have weighty advantages in the world but face steep terrain following US tariff threats, an anti-subsidy spat and a slump in Chinese export value.