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BYD poised to build $1 billion EV plant in Turkey amid rising trade tensions

Baua Electric

By: Bloomberg | Updated on: 07 Jul 2024, 08:12 AM Turkey is set to unveil an agreemeent with BYD Co. to build a one billion dollar plant that will improve the Chinese EV maker's access to the European bloc amid rising trade tensions --> Turkey is set to unveil an agreemeent with BYD Co.

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BYD just hit the 1 million EV sales mark for 2024 after a record-breaking August

Baua Electric

BYD topped the 1 million EV sales mark following a record-breaking August. BYD tops 1 million in EV sales for 2024 After selling another 145,627 electric vehicles last month, BYD has now sold over 1 million EV sales in 2024. BYD has now set a new NEV sales record for three consecutive months.

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BloombergNEF shares its 2024 Electric Vehicle Outlook

Teslarati

The auto industry continues to shift toward electric vehicles (EVs), and while sales growth has slowed somewhat this year at many companies and in many markets, recent guidance shows that it may only be in the near-term. Last month, Bloomberg data suggested that the ongoing EV sales slowdown in the U.S.

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Mercedes-Benz EV sales up 123% to 56,300 units in Q2

Teslarati

It appears that German automaker Mercedes-Benz is seeing some momentum in its electric vehicle offerings. As per a press release from the luxury automaker, the company saw battery electric vehicle (BEV) sales rise 123% to 56,300 units in Q2 2023. This represented a remarkable 123% increase compared to the same period last year.

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15 countries agree to work toward 100% ZEV truck and bus sales by 2040

Green Car Congress

Fifteen countries have agreed to work together toward 100% zero-emission new truck and bus sales by 2040. California recently adopted its Advanced Clean Truck rule that establishes firm sales targets for zero-emission trucks that formed the basis of the MOU ambition. California is the new chair.

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Toyota sales slide as aggressive price cuts by BYD, Chinese EV makers take effect

Baua Electric

Toyota’s global sales fell over 5% last month, partly driven by the impact of BYD’s price cuts in key markets like China, Southeast Asia, and even Japan. Although demand remained strong in North America and Europe, pressure in Japan and China led to fewer sales. The Japanese automaker’s global sales are down 0.9%

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WEC report: EVs need 16% market share by 2020 for fuel economy standards to be met

Green Car Congress

Electric vehicles (EVs) will need to increase their combined market share to 16% by 2020 for markets to achieve the aggressive fuel economy standards set by regulators, according to new research by the World Energy Council, the UN-accredited global energy body representing the entire energy spectrum. In the EU, the EV gap is 1.4