Toyota Reconsiders North American EV Rollout as Sales Slow DownToyota delays North American EV production to 2026 due to slow sales and market changes, while maintaining long-term investment plans.
49% of U.S. Car Dealers Aren’t Excited About Selling EVs—Here’s WhyA survey of 250 car dealers across the United States revealed that the majority of dealers have little enthusiasm for selling EVs.
U.S. Targets Chinese Tech: New Rules Could Ban Chinese Software from Self-Driving CarsThe United States government is poised to implement a ban on Chinese software in autonomous and connected vehicles.
From Local to Global: Chinese Cars Accelerate on the World StageChina surpassed Japan last year to become the world’s largest car exporter. It continues to show strong growth in its car exports in the first half of this year. Chinese automakers are speeding up the construction of overseas factories to avoid tariff barriers set up by the West, such as the European Union (EU), propelling […]
From Chips to Chassis: How Nvidia and Foxconn Are Reshaping Auto ProductionTaiwan’s Hon Hai Technology Group (Foxconn) announced plans to construct an advanced computing center in Kaohsiung, centered around the Nvidia Blackwell platform. The computing center will feature the Superchip GB200 server, which will comprise a total of 64 racks and 4,608 GPUs, with completion slated for 2026. Foxconn and Nvidia plan to introduce a platform […]
Hyundai's Ioniq 5 eN1: The Electric Race Car of the FutureHyundai Motor Company is set to host the 2024 Hyundai N Festival on the 11th and 12th at the Everland Speedway in Yongin, Gyeonggi Province. The Hyundai N Festival will also feature the eN1 Class, Korea’s first electric vehicle racing competition. The class will showcase the Ioniq 5 eN1 Cup Car, the first electric race […]
Driving the Future: Volkswagen's Bold Move into China's Electric Car MarketAmid the rapid growth of electric vehicles (EV) in China, global automakers are investing in Chinese companies receiving technology in reverse. Overseas automakers were forced to establish a joint venture (JV) to enter China and were concerned about technology theft, so they sought help from local firms to tap into the world’s largest EV market. […]
Toyota's Hybrid Dominance Widens Gap with Hyundai in US SalesLast month, Japanese car brands, mainly Toyota, experienced strong sales in the U.S. market, while Korean brands like Hyundai and Kia struggled. Toyota’s more electrified products widened the gap with Hyundai as local consumer preference for hybrid cars surged. Toyota recorded double-digit growth for the sixth consecutive month, while Hyundai’s previously steep growth curve showed […]
Get Ready, Tesla: China's Low-Cost Electric Car is Coming to AmericaThis summer, a Chinese electric vehicle (EV) that performs similarly to Tesla’s Model Y but is over $8,700 cheaper will enter the U.S. market. According to reports from Reuters, the Chinese EV company Geely, which has acquired the Swedish car manufacturer Volvo, will start selling its five-seater EV EX30 in the U.S. This marks the […]
Kia Challenges Ford and Toyota with New Tasman Pickup TruckKia’s first-ever pickup truck, the Tasman, has been spotted in North America following sightings in Australia. It appears to be undergoing final performance checks before its global debut next year. According to overseas test car reviewer KindelAuto, on the 23rd, Kia recently conducted a road test of the Tasman in North America. The test was […]
Will China Become the New EV Powerhouse?Electric cars (including hybrids) accounted for 50.4% of new vehicles sold in China from the 1st to the 14th of this month, outselling diesel and gasoline cars. This shift towards electric vehicles as the mainstream in the car market is attributed to the government’s active support for the electric vehicle industry through subsidies and the […]
Hyundai's Giant Step Towards Carbon NeutralityHyundai Motor Group Hyundai Motor Group has signed a contract to purchase 147 MW of solar power to operate its electric vehicle (EV) factory, currently under construction in Georgia, USA, using renewable energy. The automotive giant recently announced that it has signed a long-term power purchase agreement (PPA) for 15 years (2025-2040) with a new […]
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 […]
Hydrogen Car Sales in the U.S. Plunge in Q1The U.S. hydrogen car market drastically shrank last quarter. Toyota’s Mirai saw a 74% decrease compared to the previous year, and Hyundai’s Nexo also decreased by 22%. The limitations of the hydrogen car market are becoming evident due to the rising cost of hydrogen fuel and the lack of hydrogen charging infrastructure. According to data […]
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, […]
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 […]
Uber Enhances Safety Features for Passengers Globally, Including Women Passengers Riding at NightUber is stepping up its safety features, which have been raised repeatedly. On the 10th (local time), Uber they were announced that it is enhancing safety features for passengers worldwide, including minimizing the risk for female passengers using the service at night and ensuring their security. The features will allow passengers to choose up to […]
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 […]
Kia's EV9 Selected as 'Best New Car of 2024' by Auto TraderAnother win after Women’s World Car of the Year (WWCOTY) and World Car of the Year Kia’s flagship large electric Sports Utility Vehicle (SUV), the EV9, has once again been recognized for its value in the United States. Following its win last month as the World Car of the Year at the World Cars Awards […]
Hyundai's Electric Vehicles Drive Record Sales in U.S. MarketMarch performance drives record Q1 sales Hyundai Motor achieved a monthly sales record in the U.S. market last month. This achievement results from focusing on securing local demand for electric vehicles, primarily with brand-specific electric vehicle models like the IONIQ 5. Thanks to last month’s performance, they also set a new record for the highest […]
Toyota Reconsiders North American EV Rollout as Sales Slow Down Toyota delays North American EV production to 2026 due to slow sales and market changes, while maintaining long-term investment plans.
49% of U.S. Car Dealers Aren’t Excited About Selling EVs—Here’s Why A survey of 250 car dealers across the United States revealed that the majority of dealers have little enthusiasm for selling EVs.
U.S. Targets Chinese Tech: New Rules Could Ban Chinese Software from Self-Driving Cars The United States government is poised to implement a ban on Chinese software in autonomous and connected vehicles.
From Local to Global: Chinese Cars Accelerate on the World Stage China surpassed Japan last year to become the world’s largest car exporter. It continues to show strong growth in its car exports in the first half of this year. Chinese automakers are speeding up the construction of overseas factories to avoid tariff barriers set up by the West, such as the European Union (EU), propelling […]
From Chips to Chassis: How Nvidia and Foxconn Are Reshaping Auto Production Taiwan’s Hon Hai Technology Group (Foxconn) announced plans to construct an advanced computing center in Kaohsiung, centered around the Nvidia Blackwell platform. The computing center will feature the Superchip GB200 server, which will comprise a total of 64 racks and 4,608 GPUs, with completion slated for 2026. Foxconn and Nvidia plan to introduce a platform […]
Hyundai's Ioniq 5 eN1: The Electric Race Car of the Future Hyundai Motor Company is set to host the 2024 Hyundai N Festival on the 11th and 12th at the Everland Speedway in Yongin, Gyeonggi Province. The Hyundai N Festival will also feature the eN1 Class, Korea’s first electric vehicle racing competition. The class will showcase the Ioniq 5 eN1 Cup Car, the first electric race […]
Driving the Future: Volkswagen's Bold Move into China's Electric Car Market Amid the rapid growth of electric vehicles (EV) in China, global automakers are investing in Chinese companies receiving technology in reverse. Overseas automakers were forced to establish a joint venture (JV) to enter China and were concerned about technology theft, so they sought help from local firms to tap into the world’s largest EV market. […]
Toyota's Hybrid Dominance Widens Gap with Hyundai in US Sales Last month, Japanese car brands, mainly Toyota, experienced strong sales in the U.S. market, while Korean brands like Hyundai and Kia struggled. Toyota’s more electrified products widened the gap with Hyundai as local consumer preference for hybrid cars surged. Toyota recorded double-digit growth for the sixth consecutive month, while Hyundai’s previously steep growth curve showed […]
Get Ready, Tesla: China's Low-Cost Electric Car is Coming to America This summer, a Chinese electric vehicle (EV) that performs similarly to Tesla’s Model Y but is over $8,700 cheaper will enter the U.S. market. According to reports from Reuters, the Chinese EV company Geely, which has acquired the Swedish car manufacturer Volvo, will start selling its five-seater EV EX30 in the U.S. This marks the […]
Kia Challenges Ford and Toyota with New Tasman Pickup Truck Kia’s first-ever pickup truck, the Tasman, has been spotted in North America following sightings in Australia. It appears to be undergoing final performance checks before its global debut next year. According to overseas test car reviewer KindelAuto, on the 23rd, Kia recently conducted a road test of the Tasman in North America. The test was […]
Will China Become the New EV Powerhouse? Electric cars (including hybrids) accounted for 50.4% of new vehicles sold in China from the 1st to the 14th of this month, outselling diesel and gasoline cars. This shift towards electric vehicles as the mainstream in the car market is attributed to the government’s active support for the electric vehicle industry through subsidies and the […]
Hyundai's Giant Step Towards Carbon Neutrality Hyundai Motor Group Hyundai Motor Group has signed a contract to purchase 147 MW of solar power to operate its electric vehicle (EV) factory, currently under construction in Georgia, USA, using renewable energy. The automotive giant recently announced that it has signed a long-term power purchase agreement (PPA) for 15 years (2025-2040) with a new […]
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 […]
Hydrogen Car Sales in the U.S. Plunge in Q1 The U.S. hydrogen car market drastically shrank last quarter. Toyota’s Mirai saw a 74% decrease compared to the previous year, and Hyundai’s Nexo also decreased by 22%. The limitations of the hydrogen car market are becoming evident due to the rising cost of hydrogen fuel and the lack of hydrogen charging infrastructure. According to data […]
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, […]
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 […]
Uber Enhances Safety Features for Passengers Globally, Including Women Passengers Riding at Night Uber is stepping up its safety features, which have been raised repeatedly. On the 10th (local time), Uber they were announced that it is enhancing safety features for passengers worldwide, including minimizing the risk for female passengers using the service at night and ensuring their security. The features will allow passengers to choose up to […]
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 […]
Kia's EV9 Selected as 'Best New Car of 2024' by Auto Trader Another win after Women’s World Car of the Year (WWCOTY) and World Car of the Year Kia’s flagship large electric Sports Utility Vehicle (SUV), the EV9, has once again been recognized for its value in the United States. Following its win last month as the World Car of the Year at the World Cars Awards […]
Hyundai's Electric Vehicles Drive Record Sales in U.S. Market March performance drives record Q1 sales Hyundai Motor achieved a monthly sales record in the U.S. market last month. This achievement results from focusing on securing local demand for electric vehicles, primarily with brand-specific electric vehicle models like the IONIQ 5. Thanks to last month’s performance, they also set a new record for the highest […]
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