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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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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 111
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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.

America 145
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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?

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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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Polestar eyeing massive production growth, could hit 50k units this year

Teslarati

and other new products will follow it in the near future. Polestar has been in the background of the auto industry, conservatively growing production and sales numbers year over year , and they continue to do so this year. The way forward for Polestar is straightforward; continue sales growth and invest in production.

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Component makers line up capex, scout for land parcels as business booms – ET Auto

Baua Electric

For FY25, ICRA has projected that its sample of 45 auto ancillaries with aggregate annual revenue of INR 2.7 New Delhi: Domestic sales of cars and two wheelers are projected to slow down in the new fiscal year but the makers of critical auto components are going on full steam with capital expenditure. lakh crore to grow by 5-7%.

Auto 52