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China

EV Prices Decline in China; Climb in the U.S. and Europe

A new report looking at the global evolution of EVs sheds insight into pricing trends over the last 10 years, noting that OEMs in Europe and the U.S. must make more affordable EV offerings to keep up with their Chinese competitors.

Geely and Renault Joint Venture to Develop Hybrid Vehicle for China and Korea

The joint venture will see Renault-branded hybrid vehicles being sold in China, but manufactured using Geely’s facilities, supply chains, and technologies. Geely’s most significant brands, joint ventures and OEM relationships include Volvo Cars, Polestar, Proton, Lotus, LEVC, Daimler, Smart, Volvo Trucks and now Renault.

Geely and Renault Joint Venture to Develop Hybrid Vehicle for China and Korea

The joint venture will see Renault-branded hybrid vehicles being sold in China, but manufactured using Geely’s facilities, supply chains, and technologies. Geely’s most significant brands, joint ventures and OEM relationships include Volvo Cars, Polestar, Proton, Lotus, LEVC, Daimler, Smart, Volvo Trucks and now Renault.

Chinese EV Maker NIO Enters European Market

NIO, a maker of electric vehicles in China, is taking its first steps into Europe with a sales center in Norway. First vehicles to launch there will be the NIO ES8 flagship SUV and the company’s flagship ET7 sedan. Norway has enjoyed high electric vehicle growth thanks to a variety of taxation and driver inducement to encourage take up of zero emission motoring. In 2020 battery electric vehicles took 54% of the Norwegian car market, a record.

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