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automotive-market

China’s EV price war spreads overseas as carmakers chase market share, higher profit margins

by Anas Siddiqui
China’s EV price war spreads overseas as carmakers chase market share, higher profit margins

“This is not a good sign for Chinese automotive companies as we accelerate our pace of going global.” China is the world’s largest automotive and EV market, with nearly four …

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Canada’s next EV supply chain plant landing in Port Colborne, Ont.

by Anas Siddiqui
Canada’s next EV supply chain plant landing in Port Colborne, Ont.

The next community set for a massive boost to its local economy as part of Honda Canada’s $15-billion investment to establish a Canadian electric vehicle supply chain will be Port Colborne, Ont. Company …

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BYD’s first-quarter profit, deliveries slump as world’s largest EV maker reels from a bruising price war in China

by Anas Siddiqui
BYD’s first-quarter profit, deliveries slump as world’s largest EV maker reels from a bruising price war in China

BYD, the world’s largest electric-vehicle (EV) maker, reported a sharp fall in quarter-on-quarter profit after deliveries slumped by a third amid a bruising discount war in mainland China. Backed by …

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Who benefits most from Canada’s ambitious EV targets? Maybe China

by Anas Siddiqui
Who benefits most from Canada’s ambitious EV targets? Maybe China

Flavio Volpe, head of the Automotive Parts Manufacturers’ Association, believes the recent electric vehicle targets set out by Canada’s environment minister also carried this pointed message to Canada’s domestic auto industry: “Let them eat cake.” …

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‘Challenging’ market prompts Stellantis to re-evaluate auto show participation

by Anas Siddiqui
‘Challenging’ market prompts Stellantis to re-evaluate auto show participation

Chrysler parent company Stellantis says future participation in North American auto shows will be looked at on a “case-by-case basis” amid headwinds in the auto market. “With a focus on preserving …

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