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globalautonews (145 Posts)
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, […]
Elon Musk Set to Meet Indian Prime Minister Amidst Tesla Expansion PlansElon Musk, CEO of Tesla, has announced that he will visit India to meet with Prime Minister Modi. Multiple media outlets, including Reuters, have reported that the two parties are expected to announce the construction of an electric vehicle factory in New Delhi, the capital of India, by the end of this month. Musk tweeted […]
U.S. EV Market Brand Loyalty is Highest for Tesla at 87%It was investigated that brand loyalty for Tesla remains high in the U.S. market. According to a survey by Bloomberg Intelligence, Tesla boasted the highest brand retention rate at 87%, followed by Lexus at 68%, Toyota at 54%, Ford at 53%, Honda at 51%, Nissan at 49%, BMW at 44%, Subaru at 42%, Jeep at […]
Solar Power Takes the Lead in Texas, Leaving Coal in the DustORIGINAL LINK: https://m.post.naver.com/viewer/postView.naver?volumeNo=37610780&memberNo=32414000 In March 2024, solar power generation in the United States produced 3.26 million MWh, surpassing the 2.96 million MWh produced by coal. This marks the first time that solar power has outperformed coal in Texas. According to power generation data from the Electric Reliability Council of Texas (ERCOT), coal’s market share has […]
Revolution on Wheels: BYD's Global Electric Pickup TruckBYD plans to release an electric pickup truck for the global market this year. It’s a medium-to-large segment model introduced through China’s CarNewsChina in October last year. At the time, it was said to be launched by 2023, but it wasn’t. This time, CnEVPost introduced a prototype wrapped in camouflage. According to the media, the […]
Waiting Time for Xiaomi's First Electric Car Extends to Seven MonthsChinese tech giant Xiaomi’s first electric car, SU7, launched on March 28, is seeing a prolonged waiting period for delivery as the number of orders continues to rise. Customers who order the model now have to wait almost seven months, according to Chinese electric car portal CnEVPost. The outlet reported that the three variations of […]
U.S. Auto Industry: Eased EV Distribution Goal 'Still Difficult to Achieve'On the 27th, the Alliance for Automotive Innovation, a group in the U.S. auto industry, referred to the final goal of electric vehicle distribution, which the Biden administration decided as part of the climate change measures, as a “very difficult goal.” Although this is a milder version of the original regulation proposal, the U.S. auto […]
Chinese Automakers Rising: BYD's Strategy to Overhaul the MarketOn March 27, 2024, the Chinese automaker BYD conducted an investor meeting where it made several announcements regarding next-generation technologies and sales targets. During the meeting, BYD revealed its plan to launch the 5th generation of DM (Dual Mode) hybrid technology in May. This technology reduces fuel consumption to 2.9 liters per 100km (around 81 […]
China's Electric Vehicle Boom Fuels Investment Interest in Battery SectorDespite global economic uncertainties, the rapid expansion of the electric vehicle market, government incentives, environmental regulations, and increased consumer preference for clean transportation continue to make the Chinese battery sector attractive to investors, argued Shijia Yan, an energy storage analyst at BloombergNEF. He emphasized that China’s battery industry, powered by the country’s robust demand for […]
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, […]
Elon Musk Set to Meet Indian Prime Minister Amidst Tesla Expansion Plans Elon Musk, CEO of Tesla, has announced that he will visit India to meet with Prime Minister Modi. Multiple media outlets, including Reuters, have reported that the two parties are expected to announce the construction of an electric vehicle factory in New Delhi, the capital of India, by the end of this month. Musk tweeted […]
U.S. EV Market Brand Loyalty is Highest for Tesla at 87% It was investigated that brand loyalty for Tesla remains high in the U.S. market. According to a survey by Bloomberg Intelligence, Tesla boasted the highest brand retention rate at 87%, followed by Lexus at 68%, Toyota at 54%, Ford at 53%, Honda at 51%, Nissan at 49%, BMW at 44%, Subaru at 42%, Jeep at […]
Solar Power Takes the Lead in Texas, Leaving Coal in the Dust ORIGINAL LINK: https://m.post.naver.com/viewer/postView.naver?volumeNo=37610780&memberNo=32414000 In March 2024, solar power generation in the United States produced 3.26 million MWh, surpassing the 2.96 million MWh produced by coal. This marks the first time that solar power has outperformed coal in Texas. According to power generation data from the Electric Reliability Council of Texas (ERCOT), coal’s market share has […]
Revolution on Wheels: BYD's Global Electric Pickup Truck BYD plans to release an electric pickup truck for the global market this year. It’s a medium-to-large segment model introduced through China’s CarNewsChina in October last year. At the time, it was said to be launched by 2023, but it wasn’t. This time, CnEVPost introduced a prototype wrapped in camouflage. According to the media, the […]
Waiting Time for Xiaomi's First Electric Car Extends to Seven Months Chinese tech giant Xiaomi’s first electric car, SU7, launched on March 28, is seeing a prolonged waiting period for delivery as the number of orders continues to rise. Customers who order the model now have to wait almost seven months, according to Chinese electric car portal CnEVPost. The outlet reported that the three variations of […]
U.S. Auto Industry: Eased EV Distribution Goal 'Still Difficult to Achieve' On the 27th, the Alliance for Automotive Innovation, a group in the U.S. auto industry, referred to the final goal of electric vehicle distribution, which the Biden administration decided as part of the climate change measures, as a “very difficult goal.” Although this is a milder version of the original regulation proposal, the U.S. auto […]
Chinese Automakers Rising: BYD's Strategy to Overhaul the Market On March 27, 2024, the Chinese automaker BYD conducted an investor meeting where it made several announcements regarding next-generation technologies and sales targets. During the meeting, BYD revealed its plan to launch the 5th generation of DM (Dual Mode) hybrid technology in May. This technology reduces fuel consumption to 2.9 liters per 100km (around 81 […]
China's Electric Vehicle Boom Fuels Investment Interest in Battery Sector Despite global economic uncertainties, the rapid expansion of the electric vehicle market, government incentives, environmental regulations, and increased consumer preference for clean transportation continue to make the Chinese battery sector attractive to investors, argued Shijia Yan, an energy storage analyst at BloombergNEF. He emphasized that China’s battery industry, powered by the country’s robust demand for […]
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