Chinese Car Brands to Dominate 33% of Global Sales by 2030 Vehicle sales outside China are projected to increase from 3 million units this year to around 9 million units by 2030.
Tesla's Dominance Challenged: U.S. Market Share Could Dip Below 50%According to data from MarkLines, Tesla's sales in the U.S. market from June to May this year amounted to 618,000 units.
Is the Election Holding Back Car Buyers? U.S. Sales Trends Suggest SoAmidst a plethora of economic uncertainties including the upcoming November elections, the speed of car sales in the United States is expected to wind down. Before deciding on their purchase, individual consumers are likely to wait for the results of the November elections and the direction of the next administration. On the 25th (local time), […]
Despite Setbacks, Tesla Powers Through with Strong Sales in ChinaTesla’s stock surged more than 2% on news that sales in China are showing strong performance despite announcing another recall of electric trucks. On the 25th, Tesla recorded a 2.61% increase in New York Stock Exchange trading, reaching $187.35. The National Highway Traffic Safety Administration (NHTSA) announced the recall of 11,688 Tesla Cybertruck vehicles due […]
Starbucks' Price Hike Backfires, Driving Away Even Its Most Devoted FansStarbucks reported that its global sales at the beginning of this year decreased by 1.8% compared to last year.
Tesla's May Sales in China Drop 6.6% Despite April Rebound, Jan-May Figures Show DeclineTesla's sales in China in May 2024 amounted to only 72,573 units, down 6.6% from last year. The slide came after an 18% fall in April that...
China Chooses iPhone: Apple's Smart Strategy Leads to a 52% Sales IncreaseiPhone, Apple's flagship product, saw a 52% increase in shipments in China last month, bouncing back ...
Apple Cuts iPhone Prices by Over 20% in China to Boost SalesApple is struggling with a slowdown in the Chinese market and is making significant efforts to maintain its market share...
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 ...
Tesla Pulls the Plug on Rapid Charging Division Amid EV Sales SlumpDue to declining electric vehicle sales, Tesla has shut down the division responsible for its rapid charging stations. The company will continue to operate but is expected to curb new investments, prioritizing enhancing the operation rate of existing facilities for the time being. As of the end of March, Tesla had approximately 60,000 rapid chargers […]
Apple's China Crisis: iPhone Sales Plunge by 19%, Market Share DeclinesApple’s smartphone sales in China for the first quarter of this year have reportedly dropped 19% compared to last year. According to data from market research firm Counterpoint, cited by Reuters on the 23rd (local time), iPhone shipments in China for the first quarter plummeted by 19%, marking the worst performance since 2020. Apple’s market […]
Elon Musk Offers Free Test Drive of Tesla's Full Self-Driving System to Boost SalesTesla, an electric vehicle company, is offering its Full Self-Driving (FSD) system free for a month to customers in the United States. This move is seen as a response to a slowdown in sales despite the growing popularity of electric vehicles. According to Reuters and other sources, on the 26th, CEO Elon Musk wrote on […]
Apple's CEO Tim Cook Hits the Ground in China: Here's WhyTim Cook of Apple has finally made a personal visit due to a slowdown in sales in China. Apple CEO Tim Cook met with suppliers, including Biel Crystal, on the 20th as sales in China decreased, emphasizing China’s importance in the supply chain. Cook revealed on his SNS post that he enjoyed a local breakfast […]
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 […]
Target's Q4 Sales Reach $31.9 Billion, Exceeds Market Expectations for EPS by 24.1%Target has met market expectations for the fifth consecutive quarter. Target’s Q4 sales for 2023 (November 2023 – January 2024) increased by 1.7% compared to the previous year, reaching $31.9 billion, and operating profit increased by 60.9% to $1.9 billion. Non-GAAP EPS increased by 57.7% to $2.98, meeting the market expectations of sales and exceeding […]
President Yoon Visits the Netherlands to Stabilize ASML Semiconductor Sales President Yun Suk-yeol and his wife Kim Gun-hee, who returned from a five-day, seven-nation tour of the United Kingdom and France, get off Air Force Flight 1 upon arrival at Seoul International Airport in Seongnam, Gyeonggi Province, on Nov. 26. 2023.11.26..
Nissan's Next-Gen LEAF Will Not Qualify for the IRA in the U.S.Nissan's next-gen Leaf, produced in the UK, loses a US IRA tax deduction, impacting its competitiveness in the market.
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.
China's EV Startups: Can NIO, Xpeng, and Li Auto Regain Momentum in 2024?Chinese EV startups NIO, Xpeng, and Li Auto reportedly missed their sales targets for 2023, with varying performance and ambitious goals.
China's New Energy Vehicle Market Gears Up for 32% Sales Increase in OctoberWholesale sales of new energy vehicles in China for October are estimated to have increased by 32% compared to last year.
Chinese Car Brands to Dominate 33% of Global Sales by 2030 Vehicle sales outside China are projected to increase from 3 million units this year to around 9 million units by 2030.
Tesla's Dominance Challenged: U.S. Market Share Could Dip Below 50% According to data from MarkLines, Tesla's sales in the U.S. market from June to May this year amounted to 618,000 units.
Is the Election Holding Back Car Buyers? U.S. Sales Trends Suggest So Amidst a plethora of economic uncertainties including the upcoming November elections, the speed of car sales in the United States is expected to wind down. Before deciding on their purchase, individual consumers are likely to wait for the results of the November elections and the direction of the next administration. On the 25th (local time), […]
Despite Setbacks, Tesla Powers Through with Strong Sales in China Tesla’s stock surged more than 2% on news that sales in China are showing strong performance despite announcing another recall of electric trucks. On the 25th, Tesla recorded a 2.61% increase in New York Stock Exchange trading, reaching $187.35. The National Highway Traffic Safety Administration (NHTSA) announced the recall of 11,688 Tesla Cybertruck vehicles due […]
Starbucks' Price Hike Backfires, Driving Away Even Its Most Devoted Fans Starbucks reported that its global sales at the beginning of this year decreased by 1.8% compared to last year.
Tesla's May Sales in China Drop 6.6% Despite April Rebound, Jan-May Figures Show Decline Tesla's sales in China in May 2024 amounted to only 72,573 units, down 6.6% from last year. The slide came after an 18% fall in April that...
China Chooses iPhone: Apple's Smart Strategy Leads to a 52% Sales Increase iPhone, Apple's flagship product, saw a 52% increase in shipments in China last month, bouncing back ...
Apple Cuts iPhone Prices by Over 20% in China to Boost Sales Apple is struggling with a slowdown in the Chinese market and is making significant efforts to maintain its market share...
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 ...
Tesla Pulls the Plug on Rapid Charging Division Amid EV Sales Slump Due to declining electric vehicle sales, Tesla has shut down the division responsible for its rapid charging stations. The company will continue to operate but is expected to curb new investments, prioritizing enhancing the operation rate of existing facilities for the time being. As of the end of March, Tesla had approximately 60,000 rapid chargers […]
Apple's China Crisis: iPhone Sales Plunge by 19%, Market Share Declines Apple’s smartphone sales in China for the first quarter of this year have reportedly dropped 19% compared to last year. According to data from market research firm Counterpoint, cited by Reuters on the 23rd (local time), iPhone shipments in China for the first quarter plummeted by 19%, marking the worst performance since 2020. Apple’s market […]
Elon Musk Offers Free Test Drive of Tesla's Full Self-Driving System to Boost Sales Tesla, an electric vehicle company, is offering its Full Self-Driving (FSD) system free for a month to customers in the United States. This move is seen as a response to a slowdown in sales despite the growing popularity of electric vehicles. According to Reuters and other sources, on the 26th, CEO Elon Musk wrote on […]
Apple's CEO Tim Cook Hits the Ground in China: Here's Why Tim Cook of Apple has finally made a personal visit due to a slowdown in sales in China. Apple CEO Tim Cook met with suppliers, including Biel Crystal, on the 20th as sales in China decreased, emphasizing China’s importance in the supply chain. Cook revealed on his SNS post that he enjoyed a local breakfast […]
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 […]
Target's Q4 Sales Reach $31.9 Billion, Exceeds Market Expectations for EPS by 24.1% Target has met market expectations for the fifth consecutive quarter. Target’s Q4 sales for 2023 (November 2023 – January 2024) increased by 1.7% compared to the previous year, reaching $31.9 billion, and operating profit increased by 60.9% to $1.9 billion. Non-GAAP EPS increased by 57.7% to $2.98, meeting the market expectations of sales and exceeding […]
President Yoon Visits the Netherlands to Stabilize ASML Semiconductor Sales President Yun Suk-yeol and his wife Kim Gun-hee, who returned from a five-day, seven-nation tour of the United Kingdom and France, get off Air Force Flight 1 upon arrival at Seoul International Airport in Seongnam, Gyeonggi Province, on Nov. 26. 2023.11.26..
Nissan's Next-Gen LEAF Will Not Qualify for the IRA in the U.S. Nissan's next-gen Leaf, produced in the UK, loses a US IRA tax deduction, impacting its competitiveness in the market.
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.
China's EV Startups: Can NIO, Xpeng, and Li Auto Regain Momentum in 2024? Chinese EV startups NIO, Xpeng, and Li Auto reportedly missed their sales targets for 2023, with varying performance and ambitious goals.
China's New Energy Vehicle Market Gears Up for 32% Sales Increase in October Wholesale sales of new energy vehicles in China for October are estimated to have increased by 32% compared to last year.
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