Tag: #ev-industry27 results
An authorized IM Motors dealership in Kunming has ceased operations, leaving customers unable to receive vehicles or obtain necessary documentation. The manufacturer has intervened, promising to cover costs and resolve vehicle registration issues for affected owners.
Porsche reported a 16% year-over-year decline in global vehicle deliveries for the first half of 2026, totaling 122,306 units. The company cited challenging market conditions in China, where sales plummeted by nearly one-third, and the expiration of US EV tax credits as primary drivers.
Starting January 1, 2027, China will end tax exemptions for four types of energy-saving and new energy vehicles, including plug-in hybrids and commercial electric vehicles. Pure electric and fuel cell passenger cars remain exempt from the vehicle and vessel tax.
NIO CEO Li Bin shared insights from his 30-year entrepreneurial journey during a Peking University commencement speech. He emphasized the importance of self-reflection and resilience through multiple business cycles.
Lucid Motors is undergoing a significant leadership transition, including the departure of CFO Taoufiq Boussaid. The company is appointing Alexander De Bock as the new CFO as part of a broader strategic restructuring led by CEO Silvio Napoli.
Shen Fei, President of Nio's sub-brand Le-Dao, reflects on the difficulty of building a battery-swapping network versus managing a new automotive brand. He highlights that market competition and user perception are more complex variables than engineering tasks.
China is seeking to curb the trend of increasingly heavy electric vehicles caused by larger batteries and added features. State broadcaster CCTV reports that authorities are looking to put EVs on a 'diet' to improve efficiency and safety.