Western Auto Giants Urged to Accelerate EV Development Cycles While Forging Distinct Paths
The Speed Imperative in Electric Vehicle Manufacturing General Motors President Mark Reuss has delivered a crucial message to Western automakers:…
Tag: BYD Auto
Indian Steel Magnate Warns of Tech Dependence on China Amid Limited R&D Investment
Steel billionaire Sajjan Jindal states India’s minimal research budgets create technological dependence on China for electric vehicle manufacturing. The JSW Group chairman confirms ongoing negotiations with Chinese automakers despite border tensions and investment scrutiny between the nations.
India’s R&D Spending Gap Forces Reliance on Chinese Technology
India’s limited research and development investment is creating technological dependence on strategic rival China, particularly in the critical electric vehicle sector, according to steel billionaire Sajjan Jindal. The JSW Group chairman revealed his company is negotiating with multiple Chinese manufacturers to acquire EV technology necessary for launching an Indian electric vehicle brand by mid-2025.
China EV Exports Double in Golden September as Global Market Share Expands
Chinese electric vehicle exports surged 100% in September 2024, reaching 222,000 units as manufacturers targeted overseas markets. Domestic sales growth slowed to 11.2% amid ongoing price competition, while BYD reported the UK became its largest international market.
China’s electric vehicle manufacturers demonstrated remarkable global expansion during September’s traditional peak sales period, with exports doubling year-over-year as domestic market competition intensified. According to industry data released Tuesday, new energy vehicle exports jumped 100% to 222,000 units last month, slightly below August’s record 224,000 units but representing significant year-over-year growth.