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Tesla has over 400 local tier-1 suppliers signed up in China, more than 60 of which are in its global supply chain system, according to local media. (A Tesla Model 3 Performance on display at the June 2024 Shanghai new energy vehicle show. Image credit: CnEVPost) Tesla (NASDAQ: TSLA) has more than 400 local tier-1 suppliers signed up in China, with more than 60 of them entering its global supply chain system, local media outlet Shanghai Securities News reported today. Currently, more than 95 percent of the components for Tesla’s Shanghai factory are provided by local supplies, the article said,…

Li Auto had 11,600 insurance registrations last week, Xpeng 7,200, Zeekr 6,200, Leapmotor 9,100 and Aito 7,500. Major electric vehicle (EV) makers mostly saw insurance registrations rise in China last week. For the week of November 18-24, Nio (NYSE: NIO) branded vehicles saw insurance registrations of 4,000 units in China, up 5.26 percent from 3,800 in the previous week, according to data shared today by Li Auto (NASDAQ: LI). Li Auto stopped sharing weekly insurance enrollment numbers earlier this year, after doing so for about 1 year. In early May, it resumed sharing those numbers in the form of weekly…

Hyundai Motor Group is racing to put Tesla’s NACS charging port in its Hyundai, Kia and Genesis electric vehicles.  Five models going on sale soon will come equipped with the Tesla-designed port.  Hyundai and Kia officials told InsideEVs the move was all about destroying a key barrier to EV adoption: bad charging access.  The Hyundai Motor Group has rapidly emerged as one of the biggest challengers to Tesla’s EV dominance. It’s still a distant second in terms of U.S. EV sales. But the South Korean automaker is nipping at Tesla’s heels in another way: Electric models equipped with Tesla’s charging…

California will provide its residents with $7,500 rebates for electric vehicles if the incoming Trump administration eliminates the federal EV tax credit, Governor Gavin Newsom declared Monday. And it may seek to exclude Tesla from the subsidy. Trump’s transition team has indicated that killing the federal EV tax credit is a priority, as it’s viewed as an easy target in a likely Republican-controlled Congress and could provide some cost savings to help offset trillions of dollars in soon-to-expire tax cuts the incoming administration is expected to renew. 2025 Volkswagen ID.4 The release about the potential program noted that it “would…

Retail sales of all passenger cars in China totaled 1.11 million units in the November 1-17 period, up 30 percent from a year earlier and up 3 percent from a month earlier. (A Volkswagen ID. 6 Crozz on display at a CATL showroom in Chengdu, Sichuan province in August 2024. Image credit: CnEVPost) In November 1-17, retail sales of passenger new energy vehicles (NEVs) in China amounted to 581,000 units, up 66 percent compared with the same period last year and up 7 percent from the same period last month, data released today by the China Passenger Car Association (CPCA)…

Corporate America is investing in clean energy at record levels, with tech giants taking the top spots for users of solar. Meta, Google, and Amazon are leading the charge in solar and battery storage adoption, according to the Solar Energy Industries Association’s (SEIA’s) latest “Solar Means Business” report. Meta continues to hold the title of the top solar user in corporate America, with nearly 5.2 gigawatts (GW) of solar capacity installed. Meanwhile, Google leads the way in energy storage, boasting 936 megawatt-hours (MWh) of installed battery capacity. Through the first quarter of 2024, these companies have added the most solar…

Stellantis revealed more details about the STLA Frame platform that underpins the Ram 1500 Ramcharger. The highly configurable platform supports vehicles with electric, hybrid, gas, hydrogen and EREV powertrains. It’s also adventure-ready and can accommodate 400- and 800-volt architectures with up to 690 miles of range in the EREV. Stellantis is under increasing pressure to deliver. The European conglomerate, with as many as 14 brands under its umbrella, including Jeep, Dodge and Ram, has struggled to keep pace with the fast-growing electric vehicle industry. Just over the past year, it has laid off hundreds of employees, its workers have gone…

STLA Frame platform can handle electric, range-extended electric, hybrid, and ICE powertrains Towing capacity maxes out at 14,000 pounds, which exceeds rivals by 4,000 pounds Stellantis again confirmed Ram 1500 REV electric truck will have up to 500 miles of range On Tuesday, Stellantis filled in some further info about the STLA Frame platform that will underpin both the 500-mile Ram 1500 REV electric pickup truck and 690-mile Ram 1500 Ramcharger range-extended version. The big news from Stellantis for its biggest global platform, first announced in 2021, is its multi-energy flexibility intended to support electric, plug-in hybrid, hybrid, hydrogen fuel…

CDG plans to invest 300 million euros ($280 million) in the first phase of Gotion’s Moroccan project and support its operations. (Image credit: Gotion) Volkswagen-backed Chinese battery giant Gotion High-tech (SHE: 002074) has secured funding for its battery project in Morocco from a financial institution in the North African country. On November 13, Gotion signed a memorandum of understanding with Moroccan investment agency CDG Group, which plans to invest 300 million euros ($280 million) in the first phase of Gotion’s Moroccan project, according to an announcement today. CDG, Morocco’s largest public financial investment institution, will support Gotion’s operations of the…

Zeekr saw its net loss decrease by 37.0 percent in the third quarter, while lower battery pack sales dragged down revenue. Zeekr (NYSE: ZK) saw its net loss narrow significantly in the third quarter, despite a slight decline in revenue, as vehicle deliveries were essentially flat from the previous quarter. The Chinese electric vehicle (EV) maker reported revenue of RMB 18.36 billion ($2.62 billion) in the third quarter, missing analysts’ estimates of RMB 19.71 billion in a Bloomberg survey, according to its unaudited results announced today. That’s up 30.71 percent from the third quarter of 2023 but down 8.39 percent…