Business News

BMW EV sales in China

BMW Group announced that it delivered a total of 602,835 BMW and MINI brand vehicles in China during the first three quarters of this year. Among them, 69,603 units were pure electric BMW models, representing a remarkable year-on-year growth of 232%. Globally, the BMW Group delivered a total of 246,867 pure electric BMW and MINI brand vehicles in the first three quarters, marking an impressive increase of 92.6% compared to the same period last year.

Tesla Gigafactory Texas

Tesla has announced that the cumulative production of 4680 battery cells at its super factory in Texas, USA has exceeded 20 million.

BP’s EV Charger Division Plan

BP Pulse, the electric vehicle charging division of British Petroleum (BP), has placed a $100 million order for Tesla’s ultra-fast chargers and is preparing to launch them in the United States.

Regional News

Japan’s 2030 EV Charging Station Plan

The Ministry of Economy, Trade and Industry in Japan has announced plans to increase the number of electric vehicle charging stations nationwide to 300,000 by 2030, which is double the previous target. Currently, there are nearly 30,000 charging stations across Japan.

German EV export data

The latest data released by the Federal Statistical Office of Germany reveals that approximately 520,000 electric cars were exported from Germany from January to August this year, marking a remarkable increase of 103.9% compared to the same period last year. Concurrently, around 308,000 electric cars were imported by Germany during this time frame, experiencing a growth rate of 66.6%. China, South Korea, and France served as the primary sources for importing these vehicles.

Changes in French subsidy policy

Officials from the French Ministry of Finance have stated that most electric vehicles produced in Europe, as well as some produced in Asia, will be eligible for subsidies in France. Car manufacturers must submit specifications of their electric vehicles to the French authorities or they risk not receiving subsidies under stricter conditions.

Guide toEV Tax Credits in the US

The U.S. Department of the Treasury has released a guide on tax credits for electric vehicles, outlining how the up to $7,500 tax credit for electric vehicles that started in January this year will be refunded.

California’s $40.5 million subsidy

California Governor Gavin Newsom announced that California will allocate $40.5 million in federal funding, approximately 296 million yuan, for the construction of fast-charging stations for electric vehicles (EVs). This funding will be used to build 270 EV fast-charging stations at 26 locations along highways in California.

Indonesia plans to cooperate with Malaysia

Indonesia plans to reach a memorandum of understanding with Malaysia for the utilization of hydroelectric resources at the Bakun Dam in Sarawak and for the construction of an electric vehicle battery factory in Samalaju Industrial Park.