Electric vehicles (EVs) made in China now account for one in every three new registrations in South Korea, as Tesla’s Shanghai-built models power the surge and Chinese carmakers start to gain traction. The country’s auto manufacturers have further room to expand, analysts said, supported by higher fuel prices linked to the US-Israeli war in Iran and looser restrictions than traditional target markets. Still, tightening subsidy regimes could slow the pace of expansion, they cautioned. Sales of...
China’s electric vehicle (EV) makers could introduce a lidar sensor-based intelligent driving system in models priced as low as 60,000 yuan (US$8,795) this year, reflecting intensifying competition and falling costs, according to AI-driven tech firm Robosense. This price point is the lowest for models on sale in China’s market, excluding mini vehicles sold for less than 50,000 yuan, indicating fierce competition among Chinese carmakers amid the phasing out of policy incentives. Notably, light...
The recent surge in fuel prices, triggered by West Asia conflict, has increased operating costs for conventional fuel-based vehicles. This has, in turn, revived attention towards electric vehicles (EVs), including electric cars, autos, two-wheelers and plug-in hybrids.