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Tesla Slashes Car Prices By Nearly $2,000 In China After US Price Cuts
Tesla has cut prices by nearly $2,000 across its models in China, after price cuts in the United States, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs), especially against cheaper Chinese EVs.
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Chinese Firm BYD Overtakes Elon Musk's Tesla For Most EV Sales
US car maker Tesla has lost its crown for most sales of all-electric vehicles to Chinese firm BYD, which has capitalized on Beijing's strong government support for the burgeoning sector.
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"Automakers Haven't...": Experts On Why Transition To EVs Hit A Speed Bump
The US transition to electric cars has hit a speed bump, with concerns about vehicle range and limited charging capacity adding to core affordability issues.
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Rishi Sunak Should Be Wary Of Backtracking On Net Zero - What History Tells Us
Rishi Sunak has delivered a speech in which he announced delays to key net zero targets, including postponing the ban on the sale of new petrol and diesel cars until 2035.
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Tesla Set to Bring Fully Autonomous Self-Driving Cars ‘Later This Year’, Says CEO Elon Musk
Tesla is set to realise fully autonomous vehicles "later this year", CEO Elon Musk said Thursday. "In terms of where Tesla is at this stage, I think we are very close to achieving full self-driving without human supervision," Musk said. Elon Musk has missed his own deadlines for a fully autonomous vehicle and Tesla's driver-assistance technology ha...
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Smaller EV Prices to Drop in Coming Months as EV Sales Climb, IEA Says
Nearly one in five cars sold globally this year will be electric, with the prices of smaller EV models dropping to rival those of combustion engine cars in North America and Europe by the mid-2020s, the International Energy Agency (IEA) predicted on Wednesday. The agency raised its EV sales forecasts in part because of the US Inflation Reduction A...
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Nissan Aims to Boost Global EV Sales, Amplify Production in the US
Nissan Motor on Monday raised its electrified car sales goals and said it would boost power train production in the United States, as it looks to catch up in a segment dominated by newer automakers such as Tesla. The Japanese automaker was a pioneer in electric vehicles (EVs) with its all-battery-powered Leaf but has struggled alongside many legacy...
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Huawei Says Business Back to Normal After Overcoming Several US Restrictions
Huawei says it posted its third straight quarter of growth, declaring a return to normalcy after overcoming a plethora of US restrictions this year. The company’s sales rose 7.2 percent to CNY 191 billion (roughly Rs. 2,27,820 crore) in the December quarter, according to Bloomberg’s calculations off annual figures, after carving out new income ...
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Fisker to Sell Electric SUV in India Starting July Next Year, Plans to Manufacture Locally
US startup Fisker will begin selling its Ocean electric sport-utility vehicle (SUV) in India next July. It could gradually begin manufacturing its cars locally within a few years. Fisker rival Tesla put its India entry plans on hold after failing to secure a lower import tariff for its cars. Like Fisker, it first wanted to import vehicles to test ...
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Apple in Top 3 Brands Considered for Quality Without Actual Car on Sale, Vehicle Owners' Survey Shows
Apple beat popular vehicle manufacturers Ford and Tesla in a US survey of new vehicle owners, with a sizable number of them responding that they would 'defintiely consider an Apple branded vehicle. The Cupertino firm beat the other brands handily when respondents were asked about their impression of the quality of the brand, with 24 percent tickin...
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BluSmart Close to Raising $250 Million From Investors Including BP Ventures, CEO Says
Ride hailing firm BluSmart is close to raising $250 million (roughly Rs. 2.000 crore) in funding and is expecting to finalise deals with impact funds and private equity investors within the next two months, according to the company’s CEO. The funds will come from BP Ventures, the venture capital arm of BP and global investors based out of the US ...
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Toyota Warns Profit To Skid 20% As Raw Materials Costs Pile Up
Toyota Motor warned "unprecedented" hikes in raw material costs could slice a fifth off full-year profit, a clear sign the world's top automaker by sales can no longer shrug off the supply-chain crunch that has roiled the global industry.
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New EV Owners Resist Petrol Cars In The US, Survey Shows
Sales of EVs in the United States jumped to a record high earlier this month with 434,879 new units on the road, however, demand for their hybrid counterparts remained strong as many customers withdrew from EVs due to higher prices, limited driving range and fewer charging stations than required.
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New-Gen Honda HR-V For North American Markets Unveiled, Launch Later This Year
The new Honda HR-V crossover SUV is based on the same platform as the 11th-gen Civic, and it will will be launched in the US later in the second half of 2022. As of now, Honda has only revealed the exterior of the crossover SUV.
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China And US Remain The Largest Car Markets In 2021, India In 4th Place
Sales data reveals that China and the US remain the world's largest auto markets, while India stood in fourth place in terms of volumes at the end of 2021.
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Tesla Slashes Car Prices By Nearly $2,000 In China After US Price Cuts
Tesla has cut prices by nearly $2,000 across its models in China, after price cuts in the United States, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs), especially against cheaper Chinese EVs.
-
Chinese Firm BYD Overtakes Elon Musk's Tesla For Most EV Sales
US car maker Tesla has lost its crown for most sales of all-electric vehicles to Chinese firm BYD, which has capitalized on Beijing's strong government support for the burgeoning sector.
-
"Automakers Haven't...": Experts On Why Transition To EVs Hit A Speed Bump
The US transition to electric cars has hit a speed bump, with concerns about vehicle range and limited charging capacity adding to core affordability issues.
-
Rishi Sunak Should Be Wary Of Backtracking On Net Zero - What History Tells Us
Rishi Sunak has delivered a speech in which he announced delays to key net zero targets, including postponing the ban on the sale of new petrol and diesel cars until 2035.
-
Tesla Set to Bring Fully Autonomous Self-Driving Cars ‘Later This Year’, Says CEO Elon Musk
Tesla is set to realise fully autonomous vehicles "later this year", CEO Elon Musk said Thursday. "In terms of where Tesla is at this stage, I think we are very close to achieving full self-driving without human supervision," Musk said. Elon Musk has missed his own deadlines for a fully autonomous vehicle and Tesla's driver-assistance technology ha...
-
Smaller EV Prices to Drop in Coming Months as EV Sales Climb, IEA Says
Nearly one in five cars sold globally this year will be electric, with the prices of smaller EV models dropping to rival those of combustion engine cars in North America and Europe by the mid-2020s, the International Energy Agency (IEA) predicted on Wednesday. The agency raised its EV sales forecasts in part because of the US Inflation Reduction A...
-
Nissan Aims to Boost Global EV Sales, Amplify Production in the US
Nissan Motor on Monday raised its electrified car sales goals and said it would boost power train production in the United States, as it looks to catch up in a segment dominated by newer automakers such as Tesla. The Japanese automaker was a pioneer in electric vehicles (EVs) with its all-battery-powered Leaf but has struggled alongside many legacy...
-
Huawei Says Business Back to Normal After Overcoming Several US Restrictions
Huawei says it posted its third straight quarter of growth, declaring a return to normalcy after overcoming a plethora of US restrictions this year. The company’s sales rose 7.2 percent to CNY 191 billion (roughly Rs. 2,27,820 crore) in the December quarter, according to Bloomberg’s calculations off annual figures, after carving out new income ...
-
Fisker to Sell Electric SUV in India Starting July Next Year, Plans to Manufacture Locally
US startup Fisker will begin selling its Ocean electric sport-utility vehicle (SUV) in India next July. It could gradually begin manufacturing its cars locally within a few years. Fisker rival Tesla put its India entry plans on hold after failing to secure a lower import tariff for its cars. Like Fisker, it first wanted to import vehicles to test ...
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Apple in Top 3 Brands Considered for Quality Without Actual Car on Sale, Vehicle Owners' Survey Shows
Apple beat popular vehicle manufacturers Ford and Tesla in a US survey of new vehicle owners, with a sizable number of them responding that they would 'defintiely consider an Apple branded vehicle. The Cupertino firm beat the other brands handily when respondents were asked about their impression of the quality of the brand, with 24 percent tickin...
-
BluSmart Close to Raising $250 Million From Investors Including BP Ventures, CEO Says
Ride hailing firm BluSmart is close to raising $250 million (roughly Rs. 2.000 crore) in funding and is expecting to finalise deals with impact funds and private equity investors within the next two months, according to the company’s CEO. The funds will come from BP Ventures, the venture capital arm of BP and global investors based out of the US ...
-
Toyota Warns Profit To Skid 20% As Raw Materials Costs Pile Up
Toyota Motor warned "unprecedented" hikes in raw material costs could slice a fifth off full-year profit, a clear sign the world's top automaker by sales can no longer shrug off the supply-chain crunch that has roiled the global industry.
-
New EV Owners Resist Petrol Cars In The US, Survey Shows
Sales of EVs in the United States jumped to a record high earlier this month with 434,879 new units on the road, however, demand for their hybrid counterparts remained strong as many customers withdrew from EVs due to higher prices, limited driving range and fewer charging stations than required.
-
New-Gen Honda HR-V For North American Markets Unveiled, Launch Later This Year
The new Honda HR-V crossover SUV is based on the same platform as the 11th-gen Civic, and it will will be launched in the US later in the second half of 2022. As of now, Honda has only revealed the exterior of the crossover SUV.
-
China And US Remain The Largest Car Markets In 2021, India In 4th Place
Sales data reveals that China and the US remain the world's largest auto markets, while India stood in fourth place in terms of volumes at the end of 2021.
