Xiaomi to Launch First Car in 2024

According to multiple media reports, during a Xiaomi Group investor event, Xiaomi’s founder Lei Jun disclosed the latest progress of the company’s automotive business. Lei Jun said that he spends half of his time on the automotive business and invested over 3 billion RMB in new businesses such as automobiles in 2022. The company’s automotive…

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CATL Launches First European Factory in Germany

Contemporary Amperex Technology Limited (CATL) is a Chinese battery manufacturer that has launched its first factory in Europe in Arnstadt, Germany. This marks the company’s first factory outside of China. The factory is expected to have an annual production capacity of 30 million cells, enough to assemble 185,000 to 350,000 electric vehicles. The project has…

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Tesla Dominates Electric Vehicle Market in Germany with 14.9% Market Share in 2022

In 2022, Tesla defeated its long-time competitor Volkswagen to become the largest electric vehicle brand in Germany. According to data from the German Federal Motor Transport Authority (KBA), Tesla sold 69,962 electric vehicles in Germany, while Volkswagen sold 63,206 electric vehicles. Since entering the European market, the Model 3 and Model Y have seen significant…

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