According to the UN, the world still needs to dramatically increase its climate commitments to avert disaster. China has promised that its emissions will peak by 2030 — and political meetings in Beijing may soon reveal detail on whether, and how, that is likely to happen.
Electric and autonomous cars, ride-hailing, and boatloads of venture capital: The new car from BYD and Didi is associated with all the right buzzwords.
New rules from China's Ministry of Industry and Information Technology make clear that Beijing aims to tighten export controls on rare earth metals, a group of minerals essential to manufacturing electronics. Meanwhile, China has been on a cobalt buying binge, particularly from the Democratic Republic of the Congo.
China’s state planners want the country’s auto industry to go all electric as soon as possible. If their current thinking works out, about half of all passenger cars will be powered by batteries or other non-fossil-fuel technologies within 15 years.
How will China meet its goal to reach carbon neutrality before 2060? Government agencies say they will prioritize climate-friendly financing, and the replacement of gas-burning cars with hybrids or new-energy vehicles. Details on the phasing out of coal remain uncertain.
Soon after an Evergrande Group subsidiary announced that it would bring six new electric cars to market, China’s biggest real estate developer is making news for all the wrong reasons.
A subsidiary of China Evergrande, a real estate conglomerate, is charging ahead with new big name investors and new electric cars despite multiple failures over the past two years.
Despite tensions with the U.S., American car companies continue to do well in China, and are dominating sales of new energy vehicles.
China is loaning Tesla more than half a billion dollars to expand its Shanghai car manufacturing plant, the company disclosed in a regulatory filing. The plant’s expansion comes as Tesla fights to reopen its factory in California, which had been ordered closed as the U.S. tries to curb the spread of COVID-19. On Monday Tesla told its American employees to return to work, defying local health officials.