Byd, the best Chinese automaker, plans to sell half of its cars outside China by 2030, Reuters reported. Growth will mainly be powered by expansion in Latin America and Europe, as the United States is still limited to Chinese car manufacturers due to commercial restrictions. On the other hand, the main rival of Byd, Tesla, saw expeditions of its drop in the Shanghai factory for the seventh consecutive month, according to Bloomberg – 58,459 cars were shipped, which was about 6% less than last year.
American states are fighting against the Trump administration on the freezing of the EV load fund
The actions of the Trump administration at the financing point of financing allocated to the creation of EV load infrastructure are now disputed before the court. A coalition of American states, led by Washington, Colorado and California, filed the trial at the American district court, Washington. Their main complaint is that “federal agencies have illegally frozen these funds and interrupted approvals for new stations, depriving states of critical resources and damaging the growing electric vehicle industry,” said New York Times.
China focuses on new types of energy storage
In order to strengthen its energy safety, China has now shot new types of energy storage, which includes electrochemical energy and hydrogen energy storage, according to a report by China Daily. It should exceed 30 GW in 2025. Although a new policy on “strengthening the management of energy storage safety” has been issued, there is a more important thrust to evolve energy storage projects, “pilot demonstrations to large -scale commercial applications”. Last year, new energy storage projects newly put into service were around 43.7 GW – which represented 59% of the global market share.
The iPhone Foxconn manufacturer will now make electric vehicles for Mitsubishi in Taiwan
Foxconn, the giant of the Taiwanese electronics manufacturer known for making iPhones, is now traveling to the electric vehicle industry after concluding an agreement with the Japanese Mitsubishi Motors automobile giants, the BBC reported. A joint venture between Foxconn and the Taiwanese car manufacturer Yulon Motors will conceive and build electric vehicles for Mitsubishi in Taiwan. The new model should be launched in the second half of 2026 in Australia and New Zealand.
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