Porsche cutting more than a third of Chinese dealers as sales decline even faster
Porsche has announced that it will reduce its dealer network in China by about a third by the end of 2026. What the company calls “optimization” will consolidate the number of Porsche Centers in China to 100. – Advertisement – The news comes following a sustained decline in Porsche sales...
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CATL and Stellantis to build €4.1 billion LFP battery plant in Spain
The article is being updated with details. – Advertisement – Stellantis and CATL have announced plans to invest up to €4.1 billion in a joint venture to construct a lithium iron phosphate (LFP) battery plant in Zaragoza, Spain. The facility, expected to begin operations by late 2026, aims to reach...
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BYD Sealion 07 DM gets ready for global market with 120 km EV range
The BYD Sealion 07 DM was exposed by the Chinese regulator as it gets ready for the global market. It is a 4.9-meter crossover with five seats, a DM 5.0 powertrain, up to 120 km of electric range, and a zero-to-hundred acceleration time of 4.7 seconds. It will enter China...
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Tesla hits 2024 China sales high with 73,490 deliveries in November as exports plunge
In November, Tesla sold 73,490 cars in China, which was its best month this year. The export from the Giga Shanghai plant dropped to 5,366 vehicles, down 81% from 27,795 units in October and 68% from 16,928 units last year. – Advertisement – For Tesla China, those are the lowest...
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