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, […]
Future of Car Customization: Tesla Cybertruck Leads the WayPredictions have emerged that Tesla’s large electric truck model, the Cybertruck, will contribute to revitalizing the car tuning market. Its simple design can be modified in various ways, leading to the expectation that the roads will soon be filled with uniquely customized Cybertrucks. According to industry sources on the 13th, the equipment utilized for Tesla […]
Xiaomi Sparks Electric Car Price War in ChinaXiaomi’s electric vehicle SU7 priced at around $33,000Price reduction for Nio’s luxury SUV after announcementXiaopeng lowered the price of P7i’s top model The Chinese electric vehicle market has plunged into a full-scale price war. Starting with Xiaomi, competing brands are reducing prices one after another. On the 31st, Yonhap News reported, citing Chinese economic media […]
Hyundai Motor Group Ranks Second in U.S. EV Market Share after TeslaIoniq 5 / Hyundai Hyundai Motor Group has risen to second place in the electric vehicle market in the United States, following Tesla. With a market share nearing double digits, expectations for this year’s sales volume are rising. According to industry sources on the 25th, the ranking of electric vehicle sales in the United States […]
NVIDIA Boosts Collaboration with Chinese Carmakers: BYD, Xiaopeng, and MorePhoto=BYD NVIDIA announced on the 18th at the opening of the annual developers’ conference, GTC (GPU Technology Conference) 2024 that it is expanding its cooperation with Chinese automakers like BYD. According to a Securities Times report, they will provide the next-generation vehicle chip “DriveThor” for BYD vehicles next year. DriveThor is a car computer that […]
US Finalizes Regulations Favoring Electric Vehicles in Fuel Economy StandardsAn electric vehicle charger is placed outside a Ford dealer in Broomfield, Colorado. AP-Yonhap The U.S. government has finalized regulations that rate electric vehicles lower than internal combustion engine vehicles when calculating car manufacturers’ average fuel efficiency. The calculation aims to further promote the sale of electric vehicles by making them significantly advantageous under the […]
Fisker to Halt Production for Six Weeks due to Deteriorating Business ConditionsAmerican 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 […]
Fisker Inc. Prepares for Possible Bankruptcy FilingAccording 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. […]
Hyundai's Solaris Reimagined: A New Chapter in Russian Automotive HistoryHyundai’s compact sedan model, Solaris, has been reborn as a Russian car brand. Four models are produced locally under the Solaris brand, simply rebranded versions of existing Hyundai and Kia models. According to the industry, on the 14th, AGR Automotive Group started producing four types of Solaris brand vehicles, HS, HCR, KRS, and KRX, at […]
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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, […]
Future of Car Customization: Tesla Cybertruck Leads the Way Predictions have emerged that Tesla’s large electric truck model, the Cybertruck, will contribute to revitalizing the car tuning market. Its simple design can be modified in various ways, leading to the expectation that the roads will soon be filled with uniquely customized Cybertrucks. According to industry sources on the 13th, the equipment utilized for Tesla […]
Xiaomi Sparks Electric Car Price War in China Xiaomi’s electric vehicle SU7 priced at around $33,000Price reduction for Nio’s luxury SUV after announcementXiaopeng lowered the price of P7i’s top model The Chinese electric vehicle market has plunged into a full-scale price war. Starting with Xiaomi, competing brands are reducing prices one after another. On the 31st, Yonhap News reported, citing Chinese economic media […]
Hyundai Motor Group Ranks Second in U.S. EV Market Share after Tesla Ioniq 5 / Hyundai Hyundai Motor Group has risen to second place in the electric vehicle market in the United States, following Tesla. With a market share nearing double digits, expectations for this year’s sales volume are rising. According to industry sources on the 25th, the ranking of electric vehicle sales in the United States […]
NVIDIA Boosts Collaboration with Chinese Carmakers: BYD, Xiaopeng, and More Photo=BYD NVIDIA announced on the 18th at the opening of the annual developers’ conference, GTC (GPU Technology Conference) 2024 that it is expanding its cooperation with Chinese automakers like BYD. According to a Securities Times report, they will provide the next-generation vehicle chip “DriveThor” for BYD vehicles next year. DriveThor is a car computer that […]
US Finalizes Regulations Favoring Electric Vehicles in Fuel Economy Standards An electric vehicle charger is placed outside a Ford dealer in Broomfield, Colorado. AP-Yonhap The U.S. government has finalized regulations that rate electric vehicles lower than internal combustion engine vehicles when calculating car manufacturers’ average fuel efficiency. The calculation aims to further promote the sale of electric vehicles by making them significantly advantageous under the […]
Fisker to Halt Production for Six Weeks due to Deteriorating Business Conditions 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 […]
Fisker Inc. Prepares for Possible Bankruptcy Filing 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. […]
Hyundai's Solaris Reimagined: A New Chapter in Russian Automotive History Hyundai’s compact sedan model, Solaris, has been reborn as a Russian car brand. Four models are produced locally under the Solaris brand, simply rebranded versions of existing Hyundai and Kia models. According to the industry, on the 14th, AGR Automotive Group started producing four types of Solaris brand vehicles, HS, HCR, KRS, and KRX, at […]
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