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 […]
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.
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 […]
Chinese Electric Cars Outperform US Competitors in Sales The 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 Europe Surprisingly, 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 EV6 In 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 Volkswagen Volkswagen 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 Predictions Global 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 Austria BMW 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 Mobility Electric vehicle startup Canoo introduces the American Bulldog EV pickup, offering over 500 horsepower and use in the U.S. Army.
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