China will end foreign ownership caps on local auto companies by 2022 and will remove restrictions on new-energy vehicle ventures this year, a major shift that will open the market wider to carmakers such as Nissan and Tesla. The country will remove limits on companies making full electric and plug-in hybrid vehicles in 2018, commercial-vehicle companies in 2020 and the wider passenger vehicle market by 2022, China's state planner said in a statement. The move, which comes am

The rise and rise of the Chinese plug-in electric vehicle (PEV) market is unstoppable, with yet another record performance in December. A total of 102,000 new passenger PEVs were registered last month, up 130% year over year. Yes, that was just December, and it pulled the year-to-date count to over 600,000 units, up 71% compared to 2016. As consequence of this rapid growth, in December, the PEV share hit a record 3.3% market share of the entire Chinese auto market, while the

As of the end of 2016, two million electric vehicles (EVs) had hit the roads globally, or according to the IEA 0.2% of all passenger cars. Auto manufacturers have invested substantial capital into EV technology, betting EVs are the future of the transportation. Tesla, the leading manufacturer of EVs, have showcased to the world the potential of EVs. The introduction of the Model 3, and other manufacturers releases at competitive price points, EVs are set to disrupt the global

AI is not just for driverless cars, digital assistants, or movie recommendations anymore; in multiple industries, it’s a wave about to break. According to a recent McKinsey Global Institute studysurveying 3,000 “AI-aware” companies around the globe, only 20 percent are using AI-related technologies in a core part of the business, but the majority expect to ramp up AI spending in the next three years. Other studies yield similar results. In an Infosys-funded survey of 1,600 bu

The Renault-Nissan alliance has announced plans to build electric cars in China in a new venture with Dongfeng Motor, joining the scramble by global automakers to meet Beijing's stringent quotas for zero-emission vehicles. The venture, eGT New Energy Automotive Co, will develop an electric mini-SUV to go into production in 2019 by Dongfeng, the carmaking alliance said, for sale under the partners' own brands. Dongfeng already builds conventional vehicles with Nissan and its F

The company, which also owns Volvo, says that Lynk & Co will focus on connectivity, launching with an open API, sharing services and the first dedicated app store for cars. To preview what Lynk & Co intends to bring to market, the brand just debuted a hybrid compact SUV called the 01, which is built on the Compact Modular Architecture (CMA) platform. Like Tesla, this new brand plans on selling directly to consumers, while having flagship stores around the world. Currently, th