NIO’s Battery-as-a-Service (BaaS) Strategy: A Smart Move
Nio has launched battery as a service (BaaS) under Nio-Power, offering charging and swapping of batteries for EV owners. BaaS users can buy a Nio car…
Tesla’s Chinese Foray: Why, What and How
In 2018, Tesla CEO Elon Musk signed an agreement with the Shanghai regional government to set up the first Gigafactory in China. Here we discuss why…
Tesla Q1 2020: Manages to Stay Profitable
Key Highlights Tesla ended Q1 2020 with US$5.1 billion in revenues, up 37.8% from last year. The company earned a small profit of US$16 million,…
Why is Toyota Partnering with Panasonic to Make EV Batteries?
Background In January 2019, Toyota and Panasonic announced they were forming a joint venture (JV), to manufacture prismatic batteries for electric…
Global Passenger Electric Vehicle Sales Fall 8% in Q3 2019
The top three brands, Tesla, BAIC Group and BYD Auto accounted for 40% of total EV sales during Q3 2019. Subsidy reductions in China continued to…
Tesla Q3 2019: Profits and Progress to Autonomy
Tesla beat Wall Street’s expectations in 3Q 2019, and by some margin. After losing over US$1 billion during 1H 2019, it registered a profit of US$143…
How Competition is Driving Innovation in the EV Battery Market
Electric vehicle (EVs) have emerged as a focal point of realizing eco-friendly policies across the world. Increasingly, automobile OEMs recognize…
Could Germany Reduce Its Auto Industry’s Reliance on Batteries from Asia?
The EU wants to foster home-grown companies to compete with Chinese and Korean competitors and to take battery cell production into its own hands.…