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globalautonews (178 Posts)

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  Volkswagen and Xiaopeng Unite to Boost China's EV Market 2024.04.18 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 […]
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  EU Carmakers Struggle to Close Emission Gap by 2025 2024.04.16 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 […]
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  EV Sales Suge Globally, US Market Sees Significant Growth 2024.04.15 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 […]
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  Driving Down Emissions: EPA's New Greenhouse Gas Standards for Trucks 2024.04.15 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 […]
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  Morgan Stanley, Upward Adjustment to Xiaomi EV's Target Price 2024.04.15 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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  Elon Musk Set to Meet Indian Prime Minister Amidst Tesla Expansion Plans 2024.04.12 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 […]
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  U.S. EV Market Brand Loyalty is Highest for Tesla at 87% 2024.04.11 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 […]
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  Solar Power Takes the Lead in Texas, Leaving Coal in the Dust 2024.04.08 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 […]
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  Revolution on Wheels: BYD's Global Electric Pickup Truck 2024.04.04 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 […]
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  Waiting Time for Xiaomi's First Electric Car Extends to Seven Months 2024.04.03 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 […]
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  U.S. Auto Industry: Eased EV Distribution Goal 'Still Difficult to Achieve' 2024.03.29 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 […]
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  Chinese Automakers Rising: BYD's Strategy to Overhaul the Market 2024.03.29 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 […]
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  China's Electric Vehicle Boom Fuels Investment Interest in Battery Sector 2024.03.26 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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  Continental's Ultra-High Performance Tire Ranks First in Tire Performance in German Magazine 2024.03.22 Continental’s ultra-high performance (UHP) tire, Continental SportContact 7, took first place in the UHP summer tire test conducted by Auto Bild sportscars (4/24 issue) with the ratings “test winner” and “exemplary.” The ultra-high-performance tire prevailed against six tire models from international manufacturers and was the test winner with an overall score of 1.2. The editors […]
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  Hyundai's Electric Vehicle Lineup Racks Up 48 Awards Across 13 Countries 2024.03.20 In the fierce global electric vehicle market, Hyundai Motor Group’s various electric vehicle models have been honored one after another at award ceremonies hosted by influential automotive organizations and media around the world, including in the U.S., Europe, and Asia. According to Hyundai Motor Group on March 19, the electric vehicles of its three brands […]
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  Fisker to Halt Production for Six Weeks due to Deteriorating Business Conditions 2024.03.19 American electric vehicle startup Fisker announced on March 18, 2024, that it will halt production for six weeks. The company cited deteriorating cash flow and the need to prevent inventory build-up as reasons for the halt. It also added that it is currently in alliance negotiations with major automakers and focusing on avoiding bankruptcy. Fisker […]
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  Bentley Named 'Britain’s Most Admired Automotive Manufacturer' For Two Consecutive Years 2024.03.19 Bentley Motors was selected as “Britain’s Most Admired Automotive Manufacturer” for the second year in a row. On the 12th, Bentley Motors announced that it had been ranked first in the automotive sector for two consecutive years, according to a survey conducted by Echo Research. The “Britain’s Most Admired Companies” award is a corporate reputation […]
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  Trump Threatens 100% Tariff on Chinese Automakers' Cars Made in Mexico 2024.03.18 According to a report by the Detroit News on March 17, 2024 (Local time), Donald Trump said he would impose a 100% tariff on automobiles made in Mexico by Chinese automakers, double the levy he has previously said he would impose on automobiles made south of the U.S. border. Earlier this month, Trump threatened a […]
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  The U.S. Presents a Strategic Plan for the Development of Charging Infrastructure and Hydrogen Refueling Stations for Medium and Heavy-Duty Commercial Vehicles 2024.03.18 On March 13 (local time), the U.S. government announced its strategic plan for developing charging infrastructure and hydrogen refueling stations for medium—and heavy-duty commercial vehicles by 2040. This strategy aims to identify priority hubs based on freight volumes, connect these with critical corridors, and eventually achieve a national network by linking corridors. The U.S. federal […]
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  Fisker Inc. Prepares for Possible Bankruptcy Filing 2024.03.15 According to The Wall Street Journal, Fisker Inc. has reportedly hired restructuring advisors to prepare for a possible bankruptcy filing. The company is currently facing a challenging period, with the possibility of its stocks being delisted due to recent declines. In its latest annual report, Fisker warned that it may be unable to continue operations. […]