Chinese Electric Cars Outperform US Competitors in SalesThe Financial Times reported that Mathias Miedreich, CEO of Belgian conglomerate Umicore, said that sales of Chinese-made electric vehicles outpace those from the U.S. because of their superior performance and better price. In the interview, he said that Chinese electric cars sell well because they are genuinely good, and it seems like American companies are […]
Chinese Electric Car Giant BYD Eyes Korean Market as Gateway to U.S. and EuropeSurprisingly, the Chinese electric car company BYD has targeted the Korean market. Considering that the market size is not large and that Hyundai and Kia’s market share exceeds 90%, this is unexpected, especially given the declining consumer preference for Chinese cars. The industry believes BYD’s strategy is to use Korea as a stepping stone for […]
China's Electric Vehicle Boom: From 40% in 2024 to 50% in 2025 China's electric vehicle market share will reach 40% in 2024 and nearly 50% in 2025, China Daily reported on March 4, 2024, citing experts from the Chinese Academy of Sciences. This is up from 9.49 million units in 2023, a 31...
Hyundai and Kia Set New U.S. Sales Records for Ioniq 5 and EV6In October 2023, Hyundai Ioniq 5 U.S. sales jumped 88% YoY to 2,979 units, while Kia's EV6 increased 30%, selling 1,542 units.
Vatican to Replace All Cars to be Electric by 2030, Thanks to VolkswagenVolkswagen to supply Vatican City with electric cars as part of the Vatican's plan to replace all vehicles with EVs by 2030.
Global Electric Vehicle Sales Surge by 34% in October, Despite Market PredictionsGlobal EV sales rose in October, driven by China, with BYD and Tesla performing well despite subsidy cuts.
BMW's Shocking Move: Internal Combustion Engine Production Heads to the UK and AustriaBMW is moving internal combustion engine production from Germany to the UK and Austria while converting its Munich factory to EV production.
NASA Recognizes Canoo's American Bulldog Pickup Truck as the Future of Electric MobilityElectric vehicle startup Canoo introduces the American Bulldog EV pickup, offering over 500 horsepower and use in the U.S. Army.
Hot Topics