As a leading luxury automotive manufacturer and one of the electrification pioneers, McLaren has surprisingly yet to roll out any all-electric cars. According to McLaren Applied, however, the supercar maker is already striding forward on the track of vehicle electrification. To a supercar manufacturer, going electric is a mixed feeling of excitement and fear. Indeed, […]
Bankruptcies and slowdown hang over China’s electric car market
EV start-ups face elimination as Beijing slams brakes on sales with subsidy cuts They have billions of dollars in funding, backing from China’s biggest tech companies and the world’s largest electric vehicle market at their doorstep. But Chinese EV start-ups face a struggle to survive in the face of intensifying competition and subsidy cuts. Although […]
China’s $18 billion electric-car market at risk. Will the bubble burst?
There are now 486 EV manufacturers registered in China, more than triple the number from two years ago An iPhone assembler, e-commerce emporium and real-estate developer typically don’t compete in the same business — except when it comes to electric vehicles in China. That’s because of a seismic shift toward EVs, which has spurred billions […]