In response to the advent of cheap Chinese EVs, the US and EU have instituted various measures to favor domestically manufactured vehicles—including, most recently, steep new tariffs. It remains to be seen what the long-term results of these policies will be, but the westward seepage of Chinese-made vehicles continues. Leapmotor International, a 51/49 joint venture… Read more »
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Stellantis to acquire 20% equity stake in China’s Leapmotor
Amsterdam-headquartered multinational automaker Stellantis plans to invest some €1.5 billion to acquire 20% of Chinese EV maker Leapmotor. Stellantis will take two seats on Leapmotor’s board of directors. The deal also outlines the formation of Leapmotor International, a Stellantis-led joint venture that will have exclusive rights to the export and sale of Leapmotor products as… Read more »
Why did European EV sales take a tumble in August?
European registrations of new battery EVs dropped sharply in August. According to JATO Dynamics, monthly sales fell by 36% compared to 2023, the largest drop recorded since January 2017. BEV market share fell from 21.8% in August 2023 to 16.6% in August 2024. Time to close up shop here at Charged, and go back to… Read more »
Three perspectives on China’s EV industry (spoiler alert: legacy brands are toast)
Jeremiads lamenting China’s takeover of the global auto industry are everywhere these days. Three recent accounts stand out from the pack. These articles cover three different aspects of the tragic tale, but all are authoritative, fact-filled pieces written by journalists with first-hand knowledge of what’s going on in the Middle Kingdom, and I recommend that… Read more »