Contemporary Amperex Technology Co. Ltd., or CATL, controls more than a third of the global market for EV batteries and is seeking to expand overseas even as it faces political obstacles in the United States.

Sodium-ion tech is 90% cheaper than lithium and already in 250K vehicles. Could it make U.S. EVs cheaper—and sideline Detroit’s battery strategy?

According to a JP Morgan study cited in a South China Morning Post report, industry-wide discounts averaged a record high 16.8% in April, up from an already steep 16.3% in March. The China Passenger Car Association puts the average discount for 2024 at 8.3%. To top it off, average EV prices were slashed by 10% back in December.

Xiaomi's new electric SUV, the YU7, is expected to enter the market in July, founder and CEO Lei Jun said in a Weibo post on Thursday. The world's third-largest smartphone maker will launch its second EV model later on Thursday.

Robin Zeng, the billionaire head of battery giant CATL, expects that half of all new trucks sold in China will be electric-powered by 2028, a forecast that heralds huge disruption for the global market in heavy goods vehicles.

The car you drive years in the future might run off a battery being invented in a lab today. Companies in China and the United States are racing to perfect and scale up next-generation technologies.

BYD's new electric city car costs more than twice as much in Europe as it does in China, but at €23,000, it’s still a good value

Five years on, GM’s new vice-president of batteries Kurt Kelty has an even bolder ambition: for North America to “seize EV battery leadership from China” as western countries seek to break their dependence on the world’s second-largest economy for minerals and metals that are critical to powering the electric cars.

Industry observers say despite the regulatory relief, turbulence still looms for Michigan and its signature auto sector.