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 […]
US Finalizes Regulations Favoring Electric Vehicles in Fuel Economy StandardsAn electric vehicle charger is placed outside a Ford dealer in Broomfield, Colorado. AP-Yonhap The U.S. government has finalized regulations that rate electric vehicles lower than internal combustion engine vehicles when calculating car manufacturers’ average fuel efficiency. The calculation aims to further promote the sale of electric vehicles by making them significantly advantageous under the […]
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 Threatens 100% Tariff on Chinese Automakers' Cars Made in MexicoAccording to a report by the Detroit News on March 17, 2024 (Local time), Donald Trump said he would impose a 100% tariff on automobiles made in Mexico by Chinese automakers, double the levy he has previously said he would impose on automobiles made south of the U.S. border. Earlier this month, Trump threatened a […]
Tesla Owner Fined for Trying to Sell a Used Cybertruck(Source: Top Gear) On March 11th (local time), a man was blacklisted for listing his Tesla Cybertruck for sale on a trading site for used goods. Dennis, an IT manager in Arizona, reportedly listed his Cybertruck on several secondhand trading sites. (Source: Cybertruck Owners Club) However, after listing the vehicle, he received an email from […]
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 […]
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 […]
EU Finds Evidence of Chinese Government Unfairly Providing SubsidiesThe EU’s European Commission announced that after months of investigation, it had found evidence that the Chinese government was unfairly providing subsidies for electric vehicles exported to Europe through direct fund transfers. In October 2023, Europe began an official investigation into China’s electric vehicle industry. As European companies enter the European Union, they are competing […]
BYD, a Company Backed by Warren Buffet, Has Dominated the Entire EV IndustryRecently, the latest model of BYD’s Yuan Plus is being sold in China starting at about 120,000 yuan (about $16,660), which is about 12% cheaper than the previous model. According to the media, the price war of electric vehicles is currently accelerating in China, and overall sales volume is decreasing. BYD’s competitor XPeng had reached […]
[Debate] Will Chinese Electric Vehicles Take Over the European Market?Wariness against Chinese electric vehicles and concerns over the rising market share of Chinese electric vehicles in EuropeEU has predicted a response to Chinese electric vehicle companies through an anti-subsidy investigation Discrimination against Chinese electric vehicles begins in Europe According to reports from Chinese business media Caixin and Reuters, the European Union (EU) is establishing […]
Hyundai Ioniq 5 Wins Top Honor in Parents' 2024 Best Family Cars AwardsHyundai Motor Company announced on the 7th that the Ioniq 5 has been selected as the “Best Family Electric 5-Seater SUV” in the Parents‘ 2024 Best Family Cars Awards. Parents, founded in 1926, is a prestigious American magazine that provides various information on child development to assist parenting. Each year, it conducts the Best Family […]
Michigan Installs First U.S. Road to Charge EVs Without PlugsElectreon and MDOT pioneered the U.S.'s first wireless charging road in Detroit's Corktown, testing electric vehicle charging technology.
Lucid Motors Takes on Tesla with the Launch of Its New Electric SUV, GravityLucid Motors unveiled its large electric SUV called "Gravity" with impressive features, including a 710km range and aerodynamic design.
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.
Volkswagen's Electric Game-Changer: Affordable Electric Car Set to Hit U.S. MarketVolkswagen plans to launch a sub-$35,000 electric vehicle in the U.S. within 3-4 years, exploring local battery sourcing for tax incentives.
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 […]
US Finalizes Regulations Favoring Electric Vehicles in Fuel Economy Standards An electric vehicle charger is placed outside a Ford dealer in Broomfield, Colorado. AP-Yonhap The U.S. government has finalized regulations that rate electric vehicles lower than internal combustion engine vehicles when calculating car manufacturers’ average fuel efficiency. The calculation aims to further promote the sale of electric vehicles by making them significantly advantageous under the […]
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 Threatens 100% Tariff on Chinese Automakers' Cars Made in Mexico According to a report by the Detroit News on March 17, 2024 (Local time), Donald Trump said he would impose a 100% tariff on automobiles made in Mexico by Chinese automakers, double the levy he has previously said he would impose on automobiles made south of the U.S. border. Earlier this month, Trump threatened a […]
Tesla Owner Fined for Trying to Sell a Used Cybertruck (Source: Top Gear) On March 11th (local time), a man was blacklisted for listing his Tesla Cybertruck for sale on a trading site for used goods. Dennis, an IT manager in Arizona, reportedly listed his Cybertruck on several secondhand trading sites. (Source: Cybertruck Owners Club) However, after listing the vehicle, he received an email from […]
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 […]
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 […]
EU Finds Evidence of Chinese Government Unfairly Providing Subsidies The EU’s European Commission announced that after months of investigation, it had found evidence that the Chinese government was unfairly providing subsidies for electric vehicles exported to Europe through direct fund transfers. In October 2023, Europe began an official investigation into China’s electric vehicle industry. As European companies enter the European Union, they are competing […]
BYD, a Company Backed by Warren Buffet, Has Dominated the Entire EV Industry Recently, the latest model of BYD’s Yuan Plus is being sold in China starting at about 120,000 yuan (about $16,660), which is about 12% cheaper than the previous model. According to the media, the price war of electric vehicles is currently accelerating in China, and overall sales volume is decreasing. BYD’s competitor XPeng had reached […]
[Debate] Will Chinese Electric Vehicles Take Over the European Market? Wariness against Chinese electric vehicles and concerns over the rising market share of Chinese electric vehicles in EuropeEU has predicted a response to Chinese electric vehicle companies through an anti-subsidy investigation Discrimination against Chinese electric vehicles begins in Europe According to reports from Chinese business media Caixin and Reuters, the European Union (EU) is establishing […]
Hyundai Ioniq 5 Wins Top Honor in Parents' 2024 Best Family Cars Awards Hyundai Motor Company announced on the 7th that the Ioniq 5 has been selected as the “Best Family Electric 5-Seater SUV” in the Parents‘ 2024 Best Family Cars Awards. Parents, founded in 1926, is a prestigious American magazine that provides various information on child development to assist parenting. Each year, it conducts the Best Family […]
Michigan Installs First U.S. Road to Charge EVs Without Plugs Electreon and MDOT pioneered the U.S.'s first wireless charging road in Detroit's Corktown, testing electric vehicle charging technology.
Lucid Motors Takes on Tesla with the Launch of Its New Electric SUV, Gravity Lucid Motors unveiled its large electric SUV called "Gravity" with impressive features, including a 710km range and aerodynamic design.
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.
Volkswagen's Electric Game-Changer: Affordable Electric Car Set to Hit U.S. Market Volkswagen plans to launch a sub-$35,000 electric vehicle in the U.S. within 3-4 years, exploring local battery sourcing for tax incentives.
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