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NIO keeps goal of doubling sales this year despite price war causing greater challenges

CN EV Post

NIO maintains its previously mentioned goal of doubling sales, despite greater challenges to meet the goal, said William Li. NIO (NYSE: NIO) is confident it will see sales double this year, despite a rare price war that disrupted the Chinese auto industry in the first quarter. Photo taken by CnEVPost.)

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German auto lobby recommends ending all fossil fuel sales by 2045

Baua Electric

An old gas station converted into Tesla Supercharger The main lobby group of the German automobile industry has recommended that all fossil fuel sales should be ended in Germany by 2045, but it’s still advocating for less-efficient e-fuels over rapid electrification.

Auto 52
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GM’s Tesla NACS support spells trouble for Electrify America [Opinion]

Teslarati

A previous Teslarati article theorized that Ford’s adoption of Tesla’s NACS could change the electric vehicle (EV) charging landscape, specifically in the United States and the rest of North America. General Motors and Ford hold a significant market share of the United States auto industry.

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VinFast announces new EV facility in India

Teslarati

. “We believe that investing in Tamil Nadu will not only bring considerable economic benefits to both parties but will also help accelerate the green energy transition in India and the region,” said Tran Mai Hoa, VinFast Global’s Deputy CEO of Sales and Marketing. In August 2023, VinFast Auto Ltd.

India 88
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Lexus forces customers to make a hard decision

Teslarati

Lexus has reported their Q3 sales stats, and its current vehicle offerings are forcing customers to make a difficult choice. Looking at Lexus’s sales stats for Q3, the brand is struggling. Compared to Q3 21, every vehicle they sell has decreased in sales. What do you think of the article?

Lexus 99
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Volkswagen is financially ready for electrification, says CFO

Teslarati

Many who are invested in the Auto industry have been worried that ongoing supply chain issues would mean that many legacy brands would have trouble securing desperately needed capital for electrification. The next big concern for Volkswagen Group might not be securing capital today but selling EVs into the future.

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It’s easy to criticize, hard to create; my motto is never give up, says Henrik Fisker – ET Auto

Baua Electric

He admitted that while the auto industry might be the hardest to succeed, the nascent EV industry is even more difficult. The CEO of the California-headquartered EV company expects that by 2030, 50% of new car sales will be electric in most parts of the world, especially in the US, Europe and China.

Fisker 52