Remove Auto Industry Remove Market Remove Mexico
article thumbnail

Mexico EV Sales Report: 90% Growth YoY in June Brings EV Market Share to 2.5%!

CleanTechnica EVs

Home to the largest and most competitive auto industry in Latin America, Mexico was a latecomer to the electrification race, presenting marginal EV sales until late 2021 (with sub-0.1% BEV market share). Back then, this was a PHEV-focused market, with plug-in hybrids at least able to make some presence, and.

Mexico 137
article thumbnail

Constellium to open Mexico plant for automotive aluminum structural components

Green Car Congress

intends to open a new manufacturing facility in Mexico to produce aluminium automotive structural components. This plant, located in San Luis Potosí, will allow Constellium to respond to increasing demand for lightweight, high-strength aluminium Crash Management Systems and automotive structures for the expanding auto industry in Mexico.

Mexico 150
article thumbnail

The $10,000 BYD Seagull EV is scaring the U.S. auto industry

Teslarati

China is the world’s largest automotive market, and understandably so, an important one for electric vehicle (EV) makers like Tesla. market, the company’s recent release of a city EV with a price tag under $10,000 has some worried for when it and other low-cost companies do. auto market anytime soon , some U.S.

article thumbnail

Mexico To Triple EV Production In 2023

CleanTechnica EVs

Giant amongst developing nations, Mexico stands currently as the seventh-largest automobile producer in the world (in number of units). The Mexican auto industry has grown sevenfold since the 1960s and doubled its output since the 1990s, when it was granted full access to the US market. […]

Mexico 103
article thumbnail

More auto plant shutdowns for COVID-19

Green Car Congress

Joining BMW, Ford and FCA in suspension of production in the US due to COVID-19 ( earlier post ) are: Toyota is temporarily suspending production at all of its automobile and components plants in North America, including Canada, Mexico and the US, through 3 April. Tesla will suspend production at its Fremont plant on 23 March.

Auto 199
article thumbnail

IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

Green Car Congress

However, a slowdown is being signaled with just two of the high-potential BRIC markets likely to see increased sales this year. China will lead the sector’s volume growth, with particular strength in SUVs, though IHS expects the market to slow from 2014. —Nigel Griffiths, chief automotive economist, IHS Automotive. North America.

2015 150
article thumbnail

2024 Honda Prologue: Japan’s most American brand gets serious about EVs

Charged EVs

A Honda exec told Charged in February he was confident they’d receive 40,000 Prologues from the factory in Ramos Arizpe, Mexico, during calendar 2024. Just three months later, Honda announced that its first vehicles on an internally developed Honda 0 Series platform will hit the market in 2026, earlier than previously expected.

Honda 120