News
Tesla is suspected of espionage in China. Military personnel and employees of state-owned companies are to be banned from using the US company's EVs. This is seen as payback for the espionage allegations against Huawei in the US. However, there is no evidence for either accusation. The pressure on Tesla comes at an inopportune time. The US manufacturer still wants to expand its range this year with a low-cost mass product. Elon Musk is therefore cozying up to China.
By Frank Sieren
The Chinese company CATL is the world market leader in EV batteries. In its home market of China, its market share is just under 50 percent. The Chinese are currently building their first plant outside China in Erfurt. According to a report, German engineers have also played a role in the rapid rise of the Chinese supplier. In a very short time, they brought CATL "to a respectable technological level."
By Redaktion Table
The recycling of spent EV batteries is still in its infancy worldwide. China will soon be the first country to be confronted with a gigantic amount of used batteries. The first recycling factories have been set up. Rules and standards for recycling have already been set. For example, by law, EV companies must collect their used batteries everywhere they sell cars. One of the pioneers in recycling is electric car pioneer BYD.
By Christiane Kuehl
Bloomberg's ranking of "green billionaires" is dominated by the Chinese. The shareholders of EV, battery and solar manufacturers are benefiting from the boom in sustainable investments. But caution is advised: Large parts of the "green fortune" are based on massively increased stock market prices.
By Nico Beckert
The market value of EV maker Nio grew by more than 1000 percent in 2020. A sedan with a solid-state battery, a novel battery swap concept and the development of a community are expected to boost sales further. The company plans to enter the European market in the second half of 2021.
By Redaktion Table
A good three weeks after the fast agreement on the Comprehensive Agreement on Investment with China (CAI), at least parts of the text will be published for the first time today. It is unclear whether the relevant annexes to the agreement will also be published. There is already criticism of the deal even before its publication. Experts see it as a masterpiece of Chinese negotiating skills.
By Redaktion Table
The electronics group Foxconn enters the field of electric mobility. In cooperation with the electric start-up Byton and China's largest private carmaker Geely, the Taiwanese company wants to build vehicles and develop system solutions.
By Christiane Kuehl