By: Bitethehand

Bitethehand
Thu, 17 Oct 2024 09:40:36 +0000

EV development: Li Auto Inc. wants to put itself on a tighter deadline for developing new cars as fierce competition and rapid technological advances in components push China’s electric-vehicle (EV) makers to get their products to market faster. A Li Auto executive said Tuesday that the automaker plans to cut its product development cycle to 12 months.

EV sales: The head of Chinese car brand Voyah said sales of pure EVs will take off over the next two years due to falling EV battery prices and rapid advances in battery and charging technologies. CEO Lu Fang made the pronouncement a day after the brand, owned by Dongfeng Motor Group Co. Ltd., unveiled a new line of pure EVs on Sunday. Lu’s statement hints at the challenges that automakers face easing consumer concerns about the limited range of pure electric models.