Lucky Motors partners with China's GAC as it bets fuel shock will drive EV switch

Lucky Motors is betting fuel-price shocks and rooftop solar adoption will speed up electric vehicle demand, as it launches EVs with Chinese state-owned automaker Guangzhou Automobile Group (GAC) and plans local assembly as early as the year-end, its CEO told Reuters. The launch comes as local consumers face their sharpest fuel price increases in years, with prices double those of four years ago, as the US-Iran conflict disrupts supply through the Strait of Hormuz. “Every crisis has an opportu...

By none@none.com (Reuters)