BYD, China’s top automaker, plans to sell half of its cars outside China by 2030, reported Reuters. The growth will primarily be fuelled by expansion in Latin America and Europe, as the US is still restricted to Chinese automakers due to trade restrictions. On the other hand, BYD’s chief rival Tesla saw shipments from its Shanghai plant decline for the seventh consecutive month, according to Bloomberg—58,459 cars were shipped out, which was roughly 6% less than last year.
US states fight back against Trump administration over fund freeze for EV charging
The Trump administration’s actions over freezing funding allocated for setting up EV charging infrastructure is now being challenged in court. A coalition of US states, led by Washington, Colorado and California, filed the lawsuit in US District Court in Seattle, Washington. Their chief complaint is that “federal agencies have unlawfully frozen those funds and halted approvals for new stations, depriving states of critical resources and damaging the growing electric-vehicle industry,” reported The New York Times.
China focuses on new types of energy storage
In order to strengthen its energy security, China has now set its sights on new types of energy storage, which includes electrochemical energy and hydrogen energy storage, according to a report by China Daily. It is expected to exceed 30 GW in 2025. While a new policy on “strengthening the safety management of electrochemical energy storage” has been issued, there is a larger push for evolving energy storage projects from “pilot demonstrations to large-scale commercial applications”. Last year, newly commissioned new energy storage projects were around 43.7 GW — which accounted for 59% of global market share.
iPhone maker Foxconn will now make EVs for Mitsubishi in Taiwan
Foxconn, the Taiwanese electronics manufacturer giant known for making iPhones, is now moving into the EV industry after striking a deal with Japanese auto giants Mitsubishi Motors, reported BBC. A joint venture between Foxconn and Taiwanese car maker Yulon Motors will design and build EVs for Mitsubishi in Taiwan. The new model is expected to be launched in the latter half of 2026 in Australia and New Zealand.
