Electric Car Crash in China Claims 3 LivesElectric vehicle collision accident scene. Social media capture An accident occurred on a highway in China when an electric vehicle collided with a truck ahead, resulting in the death of all three passengers. Allegations have surfaced that the vehicle’s doors did not open, and the airbags did not deploy during this incident. According to the […]
Elon Musk and Chinese Premier Li Qiang Discuss Tesla's Bright Future in ChinaAs reported by China Daily, Tesla CEO Elon Musk met with Chinese Premier Li Qiang on April 28, 2024, during the 2024 Auto China Convention. Premier Li stated that Tesla’s growth in China is a successful example of trade cooperation between the U.S. and China. He expressed his hope for continued collaboration in the same […]
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 […]
Mercedes-Benz's G580 Changes the EV GameIn China, Mercedes-Benz has unveiled its first electric model, the G-Class, the offroader Icon. On the 24th, Benz revealed the G-Class electric vehicle, “The All New Mercedes-Benz G580 with EQ Technology” (from now on referred to as the G580), at the World Premiere event in the Art District 798 in downtown Beijing. The G580 is […]
The Tesla Effect: Investors Brace for Potential ELS LossesTesla’s poor stock performance increases the potential for losses in Equity-Linked Securities (ELS) based on Tesla as the underlying asset. According to the Korea Securities Depository on the 23rd, as of the 19th, the foreign stock most held by domestic investors is Tesla, with a total holding value of $8.824 billion. Since last July, when […]
Tesla Slashes Prices on All Models in China Following U.S. ReductionsElectric car company Tesla lowered the sales prices of its three flagship models by $2,000 each in the U.S. market and then dropped the sales prices of all models in China. According to Tesla’s official Chinese website on the 21st, the Model 3 price was reduced from $39,000 to $36,800, a decrease of $2,200. The […]
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 […]
Volkswagen and Xiaopeng Unite to Boost China's EV MarketChinese electric vehicle startup Xiaopeng and the Volkswagen Group announced that they have signed a framework agreement for technical cooperation related to Electric/Electronic Architecture (E/E Architecture) to produce Volkswagen brand electric vehicles in the Chinese market. The two companies plan to jointly develop Xiaopeng’s latest E/E Architecture and integrate it into Volkswagen’s central Chinese platform […]
Morgan Stanley, Upward Adjustment to Xiaomi EV's Target PriceMorgan Stanley, a U.S. investment bank, has announced an upward adjustment to the target price of Xiaomi, citing optimistic electric vehicle sales. While they believe in Xiaomi’s potential power, they further commented that Xiaomi needs to offer more to attract investors. Xiaomi officially launched the SU7 model on March 28, and in just one day, […]
Tesla's Cybertruck Production Trim: A Prelude to Massive Job Cuts?Due to poor performance, rumors of large-scale layoffs are circulating among workers.First quarter results will be announced after the market closes on the 23rd. Tesla has decided to shorten the production line of its electric pickup truck, the Cybertruck, and there appear to be rumors circulating among workers that there will be large-scale layoffs. It […]
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 […]
Tesla's Big Move: Electric Car Giant Eyes IndiaFT said Tesla sent a team for a $2-3bn plantIndia’s lowered tariffs on imported electric vehicles spur Tesla to expand in IndiaTesla is facing challenges in EVs and a shrinking market share in ChinaWill Indian market entry be key to return? The electric vehicle company Tesla is gearing up to move strategically into the Indian […]
Trump's War on Electric Cars: A Power Move or Backwards Thinking?ⓒAP/Yonhap News Former U.S. President and Republican presidential candidate Donald Trump has announced that he will abolish the electric vehicle (EV) purchase subsidy on his first day in office. According to the AP and other sources, Trump made this declaration to appeal for support in Michigan and Wisconsin, key battleground states in the election, on […]
Tesla Sees Quarterly Delivery Decline, First Time in Nearly Four YearsTesla’s delivery volume has decreased for the first time in four years, indicating a decline in the effect of price reductions amid intensifying competition in the electric vehicle market and weakening demand. Tesla announced on the 2nd that its quarterly delivery volume has decreased and missed Wall Street estimates, causing its stock to drop by […]
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 […]
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...
Kia EV9 Wins the World Car of the Year 2024, Making It a Two-time WinnerKia’s flagship electric sports utility vehicle (SUV), model EV9, has won the World Car of the Year, the highest honor at the World Cars Awards 2024. It also clinched the title of World Electric Vehicle, making it a two-time winner. Hyundai’s Ioniq 5 N also won in the performance car category. According to the WCA, […]
Tesla Cracks Down on Cybertruck Resellers: Warning of Cancellations and Permanent BansDespite Tesla’s prohibition on reselling, it appears that Cybertrucks continue to be resold. Tesla has blocked Cybertruck purchasers on used car sales platforms. Yet, the listings for Cybertrucks have not disappeared, and their resale prices seem to be decreasing. Due to its popularity, the Cybertruck has a long waiting list, leading to significantly higher prices […]
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 […]
Analysts Warn of BYD's Vulnerabilities in Global Market Due to Brand ImageAmidst the rapid growth of Chinese electric car manufacturer BYD in its unique domestic market, analysts warn that its expansion strategy is beginning to reveal its limitations amid increased global competition in the electric vehicle industry. The Korea Automobile Research Institute released a report titled ‘The Light and Shadow of BYD’s Global Expansion Strategy’ on […]
Electric Car Crash in China Claims 3 Lives Electric vehicle collision accident scene. Social media capture An accident occurred on a highway in China when an electric vehicle collided with a truck ahead, resulting in the death of all three passengers. Allegations have surfaced that the vehicle’s doors did not open, and the airbags did not deploy during this incident. According to the […]
Elon Musk and Chinese Premier Li Qiang Discuss Tesla's Bright Future in China As reported by China Daily, Tesla CEO Elon Musk met with Chinese Premier Li Qiang on April 28, 2024, during the 2024 Auto China Convention. Premier Li stated that Tesla’s growth in China is a successful example of trade cooperation between the U.S. and China. He expressed his hope for continued collaboration in the same […]
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 […]
Mercedes-Benz's G580 Changes the EV Game In China, Mercedes-Benz has unveiled its first electric model, the G-Class, the offroader Icon. On the 24th, Benz revealed the G-Class electric vehicle, “The All New Mercedes-Benz G580 with EQ Technology” (from now on referred to as the G580), at the World Premiere event in the Art District 798 in downtown Beijing. The G580 is […]
The Tesla Effect: Investors Brace for Potential ELS Losses Tesla’s poor stock performance increases the potential for losses in Equity-Linked Securities (ELS) based on Tesla as the underlying asset. According to the Korea Securities Depository on the 23rd, as of the 19th, the foreign stock most held by domestic investors is Tesla, with a total holding value of $8.824 billion. Since last July, when […]
Tesla Slashes Prices on All Models in China Following U.S. Reductions Electric car company Tesla lowered the sales prices of its three flagship models by $2,000 each in the U.S. market and then dropped the sales prices of all models in China. According to Tesla’s official Chinese website on the 21st, the Model 3 price was reduced from $39,000 to $36,800, a decrease of $2,200. The […]
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 […]
Volkswagen and Xiaopeng Unite to Boost China's EV Market Chinese electric vehicle startup Xiaopeng and the Volkswagen Group announced that they have signed a framework agreement for technical cooperation related to Electric/Electronic Architecture (E/E Architecture) to produce Volkswagen brand electric vehicles in the Chinese market. The two companies plan to jointly develop Xiaopeng’s latest E/E Architecture and integrate it into Volkswagen’s central Chinese platform […]
Morgan Stanley, Upward Adjustment to Xiaomi EV's Target Price Morgan Stanley, a U.S. investment bank, has announced an upward adjustment to the target price of Xiaomi, citing optimistic electric vehicle sales. While they believe in Xiaomi’s potential power, they further commented that Xiaomi needs to offer more to attract investors. Xiaomi officially launched the SU7 model on March 28, and in just one day, […]
Tesla's Cybertruck Production Trim: A Prelude to Massive Job Cuts? Due to poor performance, rumors of large-scale layoffs are circulating among workers.First quarter results will be announced after the market closes on the 23rd. Tesla has decided to shorten the production line of its electric pickup truck, the Cybertruck, and there appear to be rumors circulating among workers that there will be large-scale layoffs. It […]
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 […]
Tesla's Big Move: Electric Car Giant Eyes India FT said Tesla sent a team for a $2-3bn plantIndia’s lowered tariffs on imported electric vehicles spur Tesla to expand in IndiaTesla is facing challenges in EVs and a shrinking market share in ChinaWill Indian market entry be key to return? The electric vehicle company Tesla is gearing up to move strategically into the Indian […]
Trump's War on Electric Cars: A Power Move or Backwards Thinking? ⓒAP/Yonhap News Former U.S. President and Republican presidential candidate Donald Trump has announced that he will abolish the electric vehicle (EV) purchase subsidy on his first day in office. According to the AP and other sources, Trump made this declaration to appeal for support in Michigan and Wisconsin, key battleground states in the election, on […]
Tesla Sees Quarterly Delivery Decline, First Time in Nearly Four Years Tesla’s delivery volume has decreased for the first time in four years, indicating a decline in the effect of price reductions amid intensifying competition in the electric vehicle market and weakening demand. Tesla announced on the 2nd that its quarterly delivery volume has decreased and missed Wall Street estimates, causing its stock to drop by […]
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 […]
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...
Kia EV9 Wins the World Car of the Year 2024, Making It a Two-time Winner Kia’s flagship electric sports utility vehicle (SUV), model EV9, has won the World Car of the Year, the highest honor at the World Cars Awards 2024. It also clinched the title of World Electric Vehicle, making it a two-time winner. Hyundai’s Ioniq 5 N also won in the performance car category. According to the WCA, […]
Tesla Cracks Down on Cybertruck Resellers: Warning of Cancellations and Permanent Bans Despite Tesla’s prohibition on reselling, it appears that Cybertrucks continue to be resold. Tesla has blocked Cybertruck purchasers on used car sales platforms. Yet, the listings for Cybertrucks have not disappeared, and their resale prices seem to be decreasing. Due to its popularity, the Cybertruck has a long waiting list, leading to significantly higher prices […]
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 […]
Analysts Warn of BYD's Vulnerabilities in Global Market Due to Brand Image Amidst the rapid growth of Chinese electric car manufacturer BYD in its unique domestic market, analysts warn that its expansion strategy is beginning to reveal its limitations amid increased global competition in the electric vehicle industry. The Korea Automobile Research Institute released a report titled ‘The Light and Shadow of BYD’s Global Expansion Strategy’ on […]
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