Tesla Surprises with Stronger-than-Expected Q2 Deliveries, Stocks Soar 10%Tesla's shares soared nearly 10% after the company reported better-than-expected second-quarter vehicle production and delivery numbers.
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.
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), […]
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 ...
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.
California Sees Huge Surge in Electric Car Sales – What's Driving the Trend?California's electric vehicle market share rose to 22.3% in Q3, a significant increase from 9% in 2021 and 17% in 2022.
Volvo Reports Impressive Q3 Performance With a 22% Surge in EV SalesVolvo Q3 operating profit, excluding joint ventures and associates, surged by 75% to $677.6 million, with strong sales and cost savings.
10 Must-Know Facts About Black Friday: Don't Miss Out on the Year's Best DealsThe Black Friday season, known for massive sales, commences after Thanksgiving, with various events in Korea and the U.S.
Tesla Surprises with Stronger-than-Expected Q2 Deliveries, Stocks Soar 10% Tesla's shares soared nearly 10% after the company reported better-than-expected second-quarter vehicle production and delivery numbers.
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.
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), […]
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 ...
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.
California Sees Huge Surge in Electric Car Sales – What's Driving the Trend? California's electric vehicle market share rose to 22.3% in Q3, a significant increase from 9% in 2021 and 17% in 2022.
Volvo Reports Impressive Q3 Performance With a 22% Surge in EV Sales Volvo Q3 operating profit, excluding joint ventures and associates, surged by 75% to $677.6 million, with strong sales and cost savings.
10 Must-Know Facts About Black Friday: Don't Miss Out on the Year's Best Deals The Black Friday season, known for massive sales, commences after Thanksgiving, with various events in Korea and the U.S.
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