Trump's Tariff Threat: What It Means for Korea's Auto ExportsPredictions have surfaced that the U.S. could impose additional tariffs on Korean-made vehicles if Trump were reelected.
US Electric Vehicle Market Heats Up with Price Cuts: A Look at the CompetitionPrice cuts for BEVs continue in the US market. The average price of new BEVs in the first quarter of 2024 fell 9%.
Volvo to Launch Hydrogen-Fueled Trucks by 2029, Aiming for Eco-Friendly RoadsVolvo Trucks has been developing trucks with combustion engines that run on hydrogen. On-road tests ...
Japan and ASEAN Unite Against China: Joint Auto Strategy in the WorksJapanese Prime Minister Fumio Kishida is delivering a speech at the Japan-ASEAN (Association of Sou ...
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 ...
Volvo Invests $116 Million to Upgrade PDI Center for Improved Customer SatisfactionVolvo Car Korea Reopens Expanded PDI CenterIntroduces Solar Power Generation and Ozone Treatment Tec ...
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 […]
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 […]
Tesla's Dominance Challenged as BYD Takes Lead in ChinaChina’s foremost electric vehicle (EV) manufacturer, BYD, has secured the leading position in the domestic auto market share for the first time. According to the China Passenger Car Association (CPCA), on the 21st, BYD sold 263,000 units last month in China. This is a 35.4% increase compared to the sales volume of 192,289 units in […]
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 […]
China's EV Bubble Bursts: Xiaomi and Evergrande Grapple with Bankruptcy ThreatsFierce competition in China’s global EV marketXiaomi and Evergrande EV struggle Chinese electric vehicle (EV) companies, once heralded for their global market dominance, are recently facing a crisis with a wave of bankruptcies. Unless the authorities intervene, there is a possibility that the entire market may wobble. This is a view of an EV company […]
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 […]
China's BYD Hits a High: Records $4 Billion Profit Amid EV Boom BYD, China's largest electric vehicle company, posted record operating profit last year. BYD's revenue last year was CNY602.15 billion (USD11.17 trillion), up 42.04% year-on-year, and operating profit was CNY30.41 billion (USD5.6 trillion), up 8 China's largest electric vehicle company BYD achieved record operating profit last year. BYD's revenue last year was CNY602.15 billion (USD11.17 trillion), an increase of 42...
Hyundai's Electric Vehicle Lineup Racks Up 48 Awards Across 13 CountriesIn 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 […]
Trump Reignites Debate: Scrapping Electric Vehicle Policy?This year is a presidential election year in the United States. There is widespread talk about the need to respond to Trump’s possible re-election. Along with this, there are concerns about possible changes to Biden’s actively pursued electric car strategy. Trump has publicly declared that he will scrap Biden’s electric vehicle power. There has been […]
BYD Founder Wang Chuanfu Faces Crisis Over Alleged Extramarital AffairChairman Wang Chuanfu of BYD, a major Chinese electric vehicle company, is recently rumored to have illegitimate children in the United States—/Search engine Baidu. Wang Chuanfu, 58, founder of BYD, a major Chinese electric vehicle company comparable to Elon Musk’s Tesla, is suddenly embroiled in rumors of having illegitimate children in the United States, facing […]
China's BYD Sends Delegation to Mexico for Electric Car Factory ReviewOn March 9, 2024, it was reported that the Chinese firm BYD dispatched a delegation to Mexico to consider building an electric car factory there. According to a Mexican government official, last week, BYD executives met with government officials and Chinese suppliers located in Jalisco, including ITI, which manufactures machinery for automotive parts. The cost […]
China's BYD Sets Sights on 2024: Aiming for 4 Million Electric VehiclesOn March 11, 2024, China’s BYD announced that it had expanded its product lineup to five items by launching the Seal, Song Plus, and Qin Plus in the UAE market. These are plug-in hybrid electric vehicles following the battery electric cars Han and Atto3. BYD launched Atto3 in the UAE market in June 2023 and […]
Trump's Tariff Threat: What It Means for Korea's Auto Exports Predictions have surfaced that the U.S. could impose additional tariffs on Korean-made vehicles if Trump were reelected.
US Electric Vehicle Market Heats Up with Price Cuts: A Look at the Competition Price cuts for BEVs continue in the US market. The average price of new BEVs in the first quarter of 2024 fell 9%.
Volvo to Launch Hydrogen-Fueled Trucks by 2029, Aiming for Eco-Friendly Roads Volvo Trucks has been developing trucks with combustion engines that run on hydrogen. On-road tests ...
Japan and ASEAN Unite Against China: Joint Auto Strategy in the Works Japanese Prime Minister Fumio Kishida is delivering a speech at the Japan-ASEAN (Association of Sou ...
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 ...
Volvo Invests $116 Million to Upgrade PDI Center for Improved Customer Satisfaction Volvo Car Korea Reopens Expanded PDI CenterIntroduces Solar Power Generation and Ozone Treatment Tec ...
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 […]
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 […]
Tesla's Dominance Challenged as BYD Takes Lead in China China’s foremost electric vehicle (EV) manufacturer, BYD, has secured the leading position in the domestic auto market share for the first time. According to the China Passenger Car Association (CPCA), on the 21st, BYD sold 263,000 units last month in China. This is a 35.4% increase compared to the sales volume of 192,289 units in […]
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 […]
China's EV Bubble Bursts: Xiaomi and Evergrande Grapple with Bankruptcy Threats Fierce competition in China’s global EV marketXiaomi and Evergrande EV struggle Chinese electric vehicle (EV) companies, once heralded for their global market dominance, are recently facing a crisis with a wave of bankruptcies. Unless the authorities intervene, there is a possibility that the entire market may wobble. This is a view of an EV company […]
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 […]
China's BYD Hits a High: Records $4 Billion Profit Amid EV Boom BYD, China's largest electric vehicle company, posted record operating profit last year. BYD's revenue last year was CNY602.15 billion (USD11.17 trillion), up 42.04% year-on-year, and operating profit was CNY30.41 billion (USD5.6 trillion), up 8 China's largest electric vehicle company BYD achieved record operating profit last year. BYD's revenue last year was CNY602.15 billion (USD11.17 trillion), an increase of 42...
Hyundai's Electric Vehicle Lineup Racks Up 48 Awards Across 13 Countries 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 […]
Trump Reignites Debate: Scrapping Electric Vehicle Policy? This year is a presidential election year in the United States. There is widespread talk about the need to respond to Trump’s possible re-election. Along with this, there are concerns about possible changes to Biden’s actively pursued electric car strategy. Trump has publicly declared that he will scrap Biden’s electric vehicle power. There has been […]
BYD Founder Wang Chuanfu Faces Crisis Over Alleged Extramarital Affair Chairman Wang Chuanfu of BYD, a major Chinese electric vehicle company, is recently rumored to have illegitimate children in the United States—/Search engine Baidu. Wang Chuanfu, 58, founder of BYD, a major Chinese electric vehicle company comparable to Elon Musk’s Tesla, is suddenly embroiled in rumors of having illegitimate children in the United States, facing […]
China's BYD Sends Delegation to Mexico for Electric Car Factory Review On March 9, 2024, it was reported that the Chinese firm BYD dispatched a delegation to Mexico to consider building an electric car factory there. According to a Mexican government official, last week, BYD executives met with government officials and Chinese suppliers located in Jalisco, including ITI, which manufactures machinery for automotive parts. The cost […]
China's BYD Sets Sights on 2024: Aiming for 4 Million Electric Vehicles On March 11, 2024, China’s BYD announced that it had expanded its product lineup to five items by launching the Seal, Song Plus, and Qin Plus in the UAE market. These are plug-in hybrid electric vehicles following the battery electric cars Han and Atto3. BYD launched Atto3 in the UAE market in June 2023 and […]
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