Indonesia, the world’s top miner of nickel - an essential element of the EV battery, is developing its own EV industry and planning to become a global EV battery production hub. KrAsia reported that the country is set to begin EV domestic production by 2021 or 2022 with the goal of exporting 200,000 EVs by 2025, or about 20% of the estimated total exported cars.
Read MoreXiaomi, a Chinese smartphone giant, is joining the fray in the country’s booming EV industry, as it announced a long-anticipated plan to produce all-electric cars in the industry’s largest market and invest USD 1.5 billion over the next 10 years. The company hopes to offer quality smart electric vehicles for customers to enjoy smart living anytime, anywhere.
Read MoreKuaishou, Chinese short video, and live-streaming app, brought electric vehicles to its e-commerce platform in March 2021, teaming up with SGMW and GM China. This is Kuaishou's first attempt at selling a vehicle through live shopping.
Read MoreSOHU reported that 222,855 Chinese EVs were exported overseas in 2020, of which 72,677 were exported to Europe, an increase of 211% year-on-year. Many Chinese EV makers are eyeing the European market. Europe is buying electric vehicles at a record pace and it is the world’s biggest EV market, as consumers are encouraged by government subsidies and dozens of new hybrids.
Read More
