automotive industry in china
Chinese Government Subsidizes Nio’s $35K Loss on Each Car Sold | Giga Gears
Electric cars are expensive to buy, but that doesn’t stop automakers from losing thousands on each one they sell. And while most startups find themselves scrounging for cash to cover their losses and stay afloat, Nio instead turns to the Chinese government.
Zeekr X: Introducing Its Unique Fursonas | Giga Gears
To stop electric cars from sneaking up on unsuspecting or visually impaired pedestrians, lawmakers demand that they pipe synthetic noises into the outside world. Now, a video shared by British outlet Auto Express shows the novel approach Zeekr has taken to these requirements, offering up music and even animal noises…
BYD Creates Waterproof SUV That Doubles as a Boat | Giga Gears
Remember last year, when Tesla boss Elon Musk proudly proclaimed that his electric pickup, the Cybertruck, would be able to “serve briefly as a boat?” Well now, while we were all waiting for that car to materialize, Chinese automaker BYD has only gone and made an electric SUV that can manage just that.
China Upset with EU’s EV Market Probe: Report | Giga Gears
The European Union launched an investigation into the recent “flood” of Chinese-built electric vehicles this week. European Commission President Urula von der Leyen unveiled discussions that Chinese EV makers are massively benefiting from government subsidies, creating unfair trade imbalance. The EU probe is designed…
No Need to Worry: EV Oversupply Isn’t a Concern
Good morning! It’s Thursday, August 10, 2023, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are all the important stories you need to know today.