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EVs to compete with petrol cars by 2030, says battery maker

EVs to compete with petrol cars by 2030, says battery maker

(ATF) China's push towards peak emissions in less than 10 years would allow electric vehicles (EV) to compete equally with standard petrol-powered cars by then, according to the head of a leading Chinese EV battery manufacturer."Economies of scale alone, coupled with innovation, will be sufficient to reach the parity line …

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GM calls for tax credit extension to boost US electric car sales

GM calls for tax credit extension to boost US electric car sales

(ATF) The head of General Motors has called on Washington to extend tax credits for electric vehicle (EV) manufacturing and supply chains and create more incentives for drivers to buy alternative energy cars.Mark Reuss, GM president, also asked Joe Biden's administration to finance more charging stations. "2021 is the tipping …

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GM teams up with Korea's LG to build second US battery plant

GM teams up with Korea's LG to build 2nd US battery plant

(ATF) US car giant General Motors said on March 4 it plans to build a second battery cell factory with South Korean partner LG, as the company shifts towards producing electric vehicles.GM recently announced it would stop selling most of its diesel or petrol engine cars by 2035, and last …

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China seeks self-sufficiency as chip shortage hits car production

China seeks self-sufficiency as chip shortage hits car production

(ATF) China strives to strengthen self-sufficiency of chips by matchmaking automakers and suppliers and stockpiling chipmaking machines as the global shortage of computer chips forces auto plants to halt production. However, analysts expect the disruption to auto production to continue until at least the third quarter.While Covid-19 has disrupted chipmaking …

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Apple share gain dwarfs GM after car programme revealed 

Apple share gain dwarfs GM after car programme revealed 

Shares in Apple Inc jumped more than 3% on Tuesday, adding more than General Motors' entire market capitalisation to the value of the iPhone maker, after its plans to focus on electric car production were revealed.Apple, whose automotive efforts had been ‘uneven’ since 2014, is now targeting 2024 to produce …

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