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.

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?

China is rapidly transforming into the world’s leading “electrostate,” spearheading a global shift from fossil fuels to electricity-powered systems in transport, industry, and infrastructure.

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.

TechNode summarizes the key moments from Neta’s attempt to restructure its business, find new investment money, and expand its overseas markets since last year.

A procession of heavy-duty trucks rolls down the valley to waiting refineries, where shipments of gray ore are processed into a battery material vital to the world’s energy transition — lithium. The surging popularity of electric vehicles has transformed this once threadbare area into the country’s lithium mining capital.

Hong Kong-traded shares in CATL, the world’s largest maker of batteries for electric vehicles, have jumped after the company raised around $4.6 billion in the biggest initial public offering globally

Chinese electric vehicle maker BYD's low-cost Dolphin Surf became its 10th model available in Europe on Wednesday, with the Berlin launch increasing pressure on European rivals to produce more affordable alternatives.