Tesla's China Sales Dip: What's Behind the Drop in April Figures?Tesla's retail sales in China in April were 31,421 units, down 21.4 percent from a year ago. Based o ...
Polestar: The Electric Car Brand Customers Can't Get Enough OfPolestar has achieved the remarkable feat of winning for the second consecutive year, being named the top brand in the electric vehicle sector in the 2024 Brand Customer Loyalty Consumer Survey. The survey of the electric vehicle sector was conducted online and through one-on-one telephone surveys from March 11th to 24th, targeting customers with brand […]
Musk's Mass Firing Raises Questions About Tesla's NACS StandardElon Musk of Tesla has raised the issue of charger standards with existing automakers since last year, after firing the entire Tesla charging team. Ford and Rivian, the first to adopt Tesla’s NACS system, can charge through an adapter for Tesla’s NACS. Following this, they plan to start supporting GM, Volvo, Polestar, and others this […]
Is the Elite Vehicles Act a Threat to Affordable Electric Cars in the US?There are Senate and presidential elections in the U.S. this year. As confirmed by Trump’s presidency, candidates incite the emotions of specific regional voters with catchy phrases. This time, the Detroit News reported that the Republican Party is introducing the Elite Vehicles Act, which significantly eliminates benefits equivalent to inflation reduction. Senator John Barrasso, a […]
Tesla Pulls the Plug on Rapid Charging Division Amid EV Sales SlumpDue to declining electric vehicle sales, Tesla has shut down the division responsible for its rapid charging stations. The company will continue to operate but is expected to curb new investments, prioritizing enhancing the operation rate of existing facilities for the time being. As of the end of March, Tesla had approximately 60,000 rapid chargers […]
Hildegard Müller Warns Against Trade Barriers with ChinaAccording to an interview article by China Daily on April 29, 2024, Hildegard Müller, the president of the German Association of the Automotive Industry (VDA), has stated that the European Union’s actions against Chinese electric vehicles, such as additional tariffs, will not resolve the challenges faced by the European automotive industry. The VDA did not […]
Elon Musk and Chinese Premier Li Qiang Discuss Tesla's Bright Future in ChinaAs reported by China Daily, Tesla CEO Elon Musk met with Chinese Premier Li Qiang on April 28, 2024, during the 2024 Auto China Convention. Premier Li stated that Tesla’s growth in China is a successful example of trade cooperation between the U.S. and China. He expressed his hope for continued collaboration in the same […]
Jaguar Land Rover Tests Range Rover EV in Arctic Chills and Desert HeatJaguar Land Rover (JLR) Korea announced that it is conducting driving tests of the prototype of the Range Rover Electric in the world’s harshest locations. Range Rover Electric, the brand’s first pure electric vehicle, is attracting attention as a model that will lead the way in powerful electric driving performance and a sophisticated and luxurious […]
Hyundai's Big Bet: Chairman Chung Puts India in Focus for Future GrowthHyundai Motor Group Chairman Chung Eui Sun visited India, which has emerged as a global economic power, reviewed the local future growth strategy, and communicated directly with employees. Chung revisited India in August 2023 because India’s strategic importance is increasing. India, the world’s largest population, became the world’s 5th largest economy nation in 2023. It […]
Chinese EV Production in Mexico Threatened by U.S. InfluenceThe Mexican government may halt incentives due to pressure from the United States when Chinese electric vehicle manufacturers aim to build factories, according to a Reuters report on April 18, 2024. Such moves concern access to cheap public land and tax breaks on Mexico’s EV production investment. Companies that can benefit from this include Tesla, […]
China's BYD Strikes Deal with Rêver Group: Electric Buses and Trucks Set to Roll Out in ThailandOn March 10, 2024, Thai media reported that BYD had signed a memorandum of understanding with Rêver Bus & Truck, a subsidiary of Thailand’s Rêver Group, on March 28 to produce electric buses and trucks based on BYD technology. While no schedule was announced, the factory will, according to the media, produce interior and exterior […]
LA to Vegas in 2 Hours: The Future of American Rail TravelBrightline West, an electric high-speed railway line connecting Las Vegas and Los Angeles, broke ground in Nevada on April 22, 2024. The Biden administration provided $3 billion in funding to Brightline West in December 2023. This was part of the previously allocated $6 billion and came from the transitory Infrastructure Law as part of the […]
Tesla Outshines Competitors with Lowest Maintenance CostsConsumer Reports in the United States has announced that Tesla has the lowest maintenance and repair costs among all brands. This year’s annual car survey for 2023, funded by consumer membership fees, features data obtained directly from thousands of car owners in the United States. Upon comparing the cumulative costs per brand over 1 to […]
Revolutionizing EV Industry: Volvo and CATL's Battery Recycling PlanVolvo partnered with China’s CATL to replace old electric car batteries with new ones. The goal is to further reduce electric vehicles’ carbon footprint by recycling critical battery materials. Last month, Volvo discontinued the production of diesel cars to reduce their carbon footprint. As electric car sales continue to increase, many batteries will eventually be […]
Get Your Hands on a 2024 BMW EV with Up to $7,500 in RebatesAccording to the American automotive portal Car Direct, BMW’s 2024 battery electric vehicles are receiving rebates from $5,000 to $7,500 in the United States until April. The 2024 BMW i7 Sedan and the iX SUV reportedly receive a purchase incentive of $7,500. The media reported that if customers finance their purchase through BMW Financial Services, […]
Volkswagen and Xiaopeng Unite to Boost China's EV MarketChinese electric vehicle startup Xiaopeng and the Volkswagen Group announced that they have signed a framework agreement for technical cooperation related to Electric/Electronic Architecture (E/E Architecture) to produce Volkswagen brand electric vehicles in the Chinese market. The two companies plan to jointly develop Xiaopeng’s latest E/E Architecture and integrate it into Volkswagen’s central Chinese platform […]
EU Carmakers Struggle to Close Emission Gap by 2025On April 10, 2024, the European environmental NGO T&E reported a 28% reduction in CO2 emissions from new cars in the European Union since 2019 due to automobile CO2 regulations. Emissions must be reduced by 15% by 2025 compared to 2021. T&E estimated the gap between the 2023 emissions and the 2025 target for automobile […]
EV Sales Suge Globally, US Market Sees Significant GrowthBloomberg NEF reported that in the fourth quarter of 2023, 4.4 million electric vehicles (BEV+PHEV) were sold globally, marking a 40% increase from the previous year and totaling 13.7 million units. This constitutes 18% of the total number of passenger cars sold worldwide. In the US, approximately 1.3 million battery electric vehicles were sold last […]
Driving Down Emissions: EPA's New Greenhouse Gas Standards for TrucksOn March 29, 2024, the U.S. Environmental Protection Agency (EPA) established the most stringent greenhouse gas standards, covering new medium and heavy-duty trucks, including delivery trucks, school, and public transportation buses, and large vehicles for the period of 2027-2032, as reported by Forbes on April 1. The EPA stated that the final standards will reduce […]
Morgan Stanley, Upward Adjustment to Xiaomi EV's Target PriceMorgan Stanley, a U.S. investment bank, has announced an upward adjustment to the target price of Xiaomi, citing optimistic electric vehicle sales. While they believe in Xiaomi’s potential power, they further commented that Xiaomi needs to offer more to attract investors. Xiaomi officially launched the SU7 model on March 28, and in just one day, […]
Tesla's China Sales Dip: What's Behind the Drop in April Figures? Tesla's retail sales in China in April were 31,421 units, down 21.4 percent from a year ago. Based o ...
Polestar: The Electric Car Brand Customers Can't Get Enough Of Polestar has achieved the remarkable feat of winning for the second consecutive year, being named the top brand in the electric vehicle sector in the 2024 Brand Customer Loyalty Consumer Survey. The survey of the electric vehicle sector was conducted online and through one-on-one telephone surveys from March 11th to 24th, targeting customers with brand […]
Musk's Mass Firing Raises Questions About Tesla's NACS Standard Elon Musk of Tesla has raised the issue of charger standards with existing automakers since last year, after firing the entire Tesla charging team. Ford and Rivian, the first to adopt Tesla’s NACS system, can charge through an adapter for Tesla’s NACS. Following this, they plan to start supporting GM, Volvo, Polestar, and others this […]
Is the Elite Vehicles Act a Threat to Affordable Electric Cars in the US? There are Senate and presidential elections in the U.S. this year. As confirmed by Trump’s presidency, candidates incite the emotions of specific regional voters with catchy phrases. This time, the Detroit News reported that the Republican Party is introducing the Elite Vehicles Act, which significantly eliminates benefits equivalent to inflation reduction. Senator John Barrasso, a […]
Tesla Pulls the Plug on Rapid Charging Division Amid EV Sales Slump Due to declining electric vehicle sales, Tesla has shut down the division responsible for its rapid charging stations. The company will continue to operate but is expected to curb new investments, prioritizing enhancing the operation rate of existing facilities for the time being. As of the end of March, Tesla had approximately 60,000 rapid chargers […]
Hildegard Müller Warns Against Trade Barriers with China According to an interview article by China Daily on April 29, 2024, Hildegard Müller, the president of the German Association of the Automotive Industry (VDA), has stated that the European Union’s actions against Chinese electric vehicles, such as additional tariffs, will not resolve the challenges faced by the European automotive industry. The VDA did not […]
Elon Musk and Chinese Premier Li Qiang Discuss Tesla's Bright Future in China As reported by China Daily, Tesla CEO Elon Musk met with Chinese Premier Li Qiang on April 28, 2024, during the 2024 Auto China Convention. Premier Li stated that Tesla’s growth in China is a successful example of trade cooperation between the U.S. and China. He expressed his hope for continued collaboration in the same […]
Jaguar Land Rover Tests Range Rover EV in Arctic Chills and Desert Heat Jaguar Land Rover (JLR) Korea announced that it is conducting driving tests of the prototype of the Range Rover Electric in the world’s harshest locations. Range Rover Electric, the brand’s first pure electric vehicle, is attracting attention as a model that will lead the way in powerful electric driving performance and a sophisticated and luxurious […]
Hyundai's Big Bet: Chairman Chung Puts India in Focus for Future Growth Hyundai Motor Group Chairman Chung Eui Sun visited India, which has emerged as a global economic power, reviewed the local future growth strategy, and communicated directly with employees. Chung revisited India in August 2023 because India’s strategic importance is increasing. India, the world’s largest population, became the world’s 5th largest economy nation in 2023. It […]
Chinese EV Production in Mexico Threatened by U.S. Influence The Mexican government may halt incentives due to pressure from the United States when Chinese electric vehicle manufacturers aim to build factories, according to a Reuters report on April 18, 2024. Such moves concern access to cheap public land and tax breaks on Mexico’s EV production investment. Companies that can benefit from this include Tesla, […]
China's BYD Strikes Deal with Rêver Group: Electric Buses and Trucks Set to Roll Out in Thailand On March 10, 2024, Thai media reported that BYD had signed a memorandum of understanding with Rêver Bus & Truck, a subsidiary of Thailand’s Rêver Group, on March 28 to produce electric buses and trucks based on BYD technology. While no schedule was announced, the factory will, according to the media, produce interior and exterior […]
LA to Vegas in 2 Hours: The Future of American Rail Travel Brightline West, an electric high-speed railway line connecting Las Vegas and Los Angeles, broke ground in Nevada on April 22, 2024. The Biden administration provided $3 billion in funding to Brightline West in December 2023. This was part of the previously allocated $6 billion and came from the transitory Infrastructure Law as part of the […]
Tesla Outshines Competitors with Lowest Maintenance Costs Consumer Reports in the United States has announced that Tesla has the lowest maintenance and repair costs among all brands. This year’s annual car survey for 2023, funded by consumer membership fees, features data obtained directly from thousands of car owners in the United States. Upon comparing the cumulative costs per brand over 1 to […]
Revolutionizing EV Industry: Volvo and CATL's Battery Recycling Plan Volvo partnered with China’s CATL to replace old electric car batteries with new ones. The goal is to further reduce electric vehicles’ carbon footprint by recycling critical battery materials. Last month, Volvo discontinued the production of diesel cars to reduce their carbon footprint. As electric car sales continue to increase, many batteries will eventually be […]
Get Your Hands on a 2024 BMW EV with Up to $7,500 in Rebates According to the American automotive portal Car Direct, BMW’s 2024 battery electric vehicles are receiving rebates from $5,000 to $7,500 in the United States until April. The 2024 BMW i7 Sedan and the iX SUV reportedly receive a purchase incentive of $7,500. The media reported that if customers finance their purchase through BMW Financial Services, […]
Volkswagen and Xiaopeng Unite to Boost China's EV Market Chinese electric vehicle startup Xiaopeng and the Volkswagen Group announced that they have signed a framework agreement for technical cooperation related to Electric/Electronic Architecture (E/E Architecture) to produce Volkswagen brand electric vehicles in the Chinese market. The two companies plan to jointly develop Xiaopeng’s latest E/E Architecture and integrate it into Volkswagen’s central Chinese platform […]
EU Carmakers Struggle to Close Emission Gap by 2025 On April 10, 2024, the European environmental NGO T&E reported a 28% reduction in CO2 emissions from new cars in the European Union since 2019 due to automobile CO2 regulations. Emissions must be reduced by 15% by 2025 compared to 2021. T&E estimated the gap between the 2023 emissions and the 2025 target for automobile […]
EV Sales Suge Globally, US Market Sees Significant Growth Bloomberg NEF reported that in the fourth quarter of 2023, 4.4 million electric vehicles (BEV+PHEV) were sold globally, marking a 40% increase from the previous year and totaling 13.7 million units. This constitutes 18% of the total number of passenger cars sold worldwide. In the US, approximately 1.3 million battery electric vehicles were sold last […]
Driving Down Emissions: EPA's New Greenhouse Gas Standards for Trucks On March 29, 2024, the U.S. Environmental Protection Agency (EPA) established the most stringent greenhouse gas standards, covering new medium and heavy-duty trucks, including delivery trucks, school, and public transportation buses, and large vehicles for the period of 2027-2032, as reported by Forbes on April 1. The EPA stated that the final standards will reduce […]
Morgan Stanley, Upward Adjustment to Xiaomi EV's Target Price Morgan Stanley, a U.S. investment bank, has announced an upward adjustment to the target price of Xiaomi, citing optimistic electric vehicle sales. While they believe in Xiaomi’s potential power, they further commented that Xiaomi needs to offer more to attract investors. Xiaomi officially launched the SU7 model on March 28, and in just one day, […]
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