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Zotye Auto launched a basic model—called Jiangnan Alto—with a retail price of 18,800 yuan ($2,838). The company plans to focus sales of the Jiangnan Alto in China’s inland regions, including Hunan, Hebei, Shanxi, Sichuan, Shandong, Jilin, Shanxi, Henan provinces, and in rural areas. Global Times.
The Korean auto giants just notched another month of strong sales growth in February, thanks to new low-cost EVs like Kias EV3 and the Hyundai Casper (Inster EV). Hyundai and Kia are on a hot streak. With more models on the way this year, Hyundai and Kia setting the stage for an even bigger 2025.
Combined government targets (line) and EV/PHEV production/sales (bars) reported by OEM. Production/sale capacity levels shown here are assumed to remain constant after year of construction. However, that figure is well below the existing national sales goals of about 1.5 Source: IEA. Click to enlarge.
It is an ideal fun hatch which offers premium, safety and technology features, eco-friendly footprint, spirited performance, all made even more desirable with the added advantage of a lowcost of ownership. We are confident that this move will help more and more customers embrace EVs as their preferred mode for personal mobility.
Online autosales website Auto Trader has called the Tesla Model Y the 2024 “New Car of the Year,” beating out the second- and third-place entries, the Kia EV6 and the Nissan Ariya, respectively. The post Auto Trader names Tesla Model Y the 2024 ‘New Car of the Year’ appeared first on TESLARATI.
BYD, the China-based battery and automaker, will supply lithium-ion batteries to one of China’s top three auto groups for applications in hybrid vehicles. BYD sales manager Wang Jianjun confirmed that BYD did sign contract with one of China’s major automakers but he could not tell its name because of professional secrecy.
Fisker is scrapping plans for direct sales to customers. The startup is now turning to auto dealerships for sales and services. “I went to my accounting department and asked what is the cost of selling a car? Fisker wants auto dealers to sell the company’s all-electric Ocean crossover.
The company is working to develop a low-cost CFRP for a high-pressure hydrogen tank. For mass introduction of fuel cell vehicles, Yokoyama said, Toyota sees that the profitability of every stakeholder—auto OEM, energy supplier, and customer—is essential. Conditions for mass introduction. Why fuel-cell vehicles?
After 2025, falling battery prices and rising consumer demand based on TCO will drive rapidly increasing sales of all electrified vehicles, and especially BEVs. The lowcost of gasoline in the US will yield similar results.
After overtaking SAIC, BYD is now China’s largest auto group. BYD tops SAIC to become China’s largest auto group After sales surged by 62%, with over 3 million vehicles sold last year, BYD officially became China’s best-selling brand. BYD is now China’s largest auto group after topping SAIC in September sales.
USABC has carried out a number of battery development programs, focusing on low-cost and long-life batteries with varying power-to-energy ratios. Research organizations with current, direct affiliations with businesses that derive a majority of their income from related product sales, will also be considered. Click to enlarge.
After only five months on the market, the Volvo EX30 topped BMW’s Mini in Europe’s small premium segment as sales continued surging. Volvo EX30 passes Mini in EU sales Since EX30 production began in Zhangjiakoui, China, last fall, Volvo’s compact EV is already a top seller. The EX30 accounted for the majority of the growth.
With low-cost EVs hitting key global markets, BYD is quickly catching up to Ford. Affordable EVs driving demand According to MarkLines (via Nikkei ), BYD’s new vehicle sales climbed 40% between April and June to 980,000. A big part of BYD’s surging sales numbers is its incredibly affordable electric cars.
This shift is likely to translate into vehicle sales, with almost 72% of consumers stating that they value constant access to a private vehicle more than before the pandemic. Necessitated by the pandemic, car manufacturers have continued to develop a direct sales channel powered by digital. Younger consumers are most likely to buy.
With its new electric SUV rolling out, NIO’s (NIO) sales topped the 20,000 mark again in Oct, its sixth straight month hitting the milestone. The NIO brand sold 16,657 vehicles, while its new “family-oriented smart vehicle brand,” Onvo, contributed 4,319 in its first full sales month. FTC: We use income earning auto affiliate links.
GKN Driveline continues its rapid growth in China with plans for a 12 th manufacturing facility; expansion of an existing research center; and the introduction of new low-cost and electric-hybrid technologies for the China market.
While the the growth rate of China’s automobile sales volume shrank in 2011 to 2.45%—partly due to the state’s suspension of auto consumption incentive policies—factors driving the growth of China’s automobile market remained unchanged, CCID notes. The sales volume is expected to reach 25.287 million by 2015.
China’s leading EV maker is set to drastically shake up the South Korean auto market. BYD officially announced plans to launch in South Korea with its low-cost EVs poised to challenge Hyundai and Kia on their home turf. The company is establishing a sales and service network in the region as it finalizes the details.
Volvo and Polestar owner Geely Auto unveiled the new Geome Xingyuan EV on Tuesday. With starting prices expected to be around $11,200 (80,000 yuan), the new Geely model will rival low-cost EVs like the BYD Dolphin. Although the brand launched independently as “Geometry,” Geely took control of it due to lowsales.
In a new report examining the effect of federal tax credits on the plug-in market, the CBO finds that tax credits for buying electric vehicles—which account for about one-fourth of the policy cost—are likely to have the greatest impact on vehicle sales. Indirect effects.
The low-cost EV is expected to make its big debut by the end of the year. Kia EV4 caught on US streets for the first time (Source: KindelAuto) Kia’s EV3 is already on sale in Korea, starting at around $30,000 (42.08 It could be as soon as next week at the 2024 LA Auto Show. FTC: We use income earning auto affiliate links.
Ford is doubling down on plans to launch low-cost EVs after showing dealers several new renderings. Ford shows dealers possible upcoming low-cost EVs Ford’s new platform for low-cost EVs is no longer a secret. Ford looks to match Chinese OEMs and Tesla with low-cost EVs. Pickup trucks?
The tentative name of the JV is Guangzhou Nidec Auto Drive System Co., Nidec has been expanding and strengthening its automotive motor business ( earlier post ), one of the company’s strategically critical businesses, by setting the business’ target sales amount to 700 billion to one trillion yen (US$6.5 billion to US$9.3
Another affordable electric car is set to be unveiled later this year as Nissan looks to boost EV sales. Nissan will unveil a new Micra EV as its newest low-cost electric car. It will be Nissan’s latest low-cost electric car as it looks to satisfy growing demand. FTC: We use income earning auto affiliate links.
With sales surging nearly 50% last year, the EV5 helped Kia sell over 200,000 vehicles in China for the first time in four years. How is Kia keeping up with the EV sales surge in China? China has emerged as a global force in the auto industry as electric sales continue to surge. from the prior year.
The growth in Ford commercial vehicle sales is continuing in 2016, with demand for the expanded four-model Transit family and Ranger pickup increasing by 18% for August year-to-date compared with last year, with 208,000 vehicles sold. Lower running costs are supported by significantly improved fuel efficiency. liter engine.
CEO Jim Farley emphasized Ford’s (not-so-secret) low-cost EV platform is progressing in Long Beach as former Tesla, Rivian, Lucid, and Apple execs aim to develop some of the world’s most efficient electric cars. As the American automaker struggles to stay afloat in Europe, low-cost EVs could be Ford’s savior.
Volvo has no plans to challenge low-cost EVs in China as the ongoing price war intensifies. The EX30, Volvo’s cheapest EV, starts at around $28,000 (200,800 yuan), but that’s as low as the company will go. Volvo adjusted its 100% EV sales goal and now expects 90% to 100% of global sales to be electrified by 2030.
A new low-cost electric car is rolling out to global markets, and it’s not from China. Tran Mai Hoa, VinFast’s Deputy CEO of Sales and Marketing. VinFast VF 3 interior (Source: VinFast) VinFast’s mini electric SUV will challenge low-cost EVs from China in the Philippines. It is available with 49.9 kWh or 60.48
The new electric SUV will debut next week at Auto China 2024. The automaker expects sales to grow over 20% with new models in wide-ranging segments including low-cost, luxury, mid-size SUVs, pickups, and sports cars. FTC: We use income earning auto affiliate links.
The new Kia Syros EV will share underpinnings with the Hyundai Inster EV as its latest low-cost electric model. After launching its first vehicle (Seltos) in India in 2019, Kia is already one of the top 10 auto manufacturers in the region. FTC: We use income earning auto affiliate links.
Hyundai is launching two new electric vehicles in Europe, including a low-cost EV and a new IONIQ model, to boost its market share in the region. Our aim is that sales of EVs account for 14 percent of our total sales in Europe this year – or even a bit more,” Cole told the Automotive News Europe Congress. “Our
Toyota and other domestic automakers dominate Japan’s autosales, while most imports are European luxury like BMW, Mercedes, and Porsche. The island is home to several auto and semiconductor plants, earning it the nickname “Silicon Island.” FTC: We use income earning auto affiliate links.
Closing out the week, todays Green Deals are headlined by Rad Powers Valentines Day sale that is offering up to $479 in savings on e-bikes, accessories, and more with the newly returned RadCity 5 Plus Commuter e-bike being one of the offers at $1,499 , among others from $1,199.
The new low-cost electric SUV is crucial as NIO takes aim at market leaders like Tesla and BYD. NIO’s new low-cost electric SUV shines in debut On Thursday, NIO launched the Onvo L60 , officially kicking off its new mass-market brand. Source: CnEVPost FTC: We use income earning auto affiliate links.
The new lower-priced EV brand is expected to play a significant role as NIO looks for a bigger share of the global auto market. In its first full sales month, over 4,300 Onvo L60 models were sold, or about a fifth of NIOs nearly 21,000 vehicles sold in total in November. FTC: We use income earning auto affiliate links.
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.
2024 has so far served up a series of obstacles impacting EV sales, and automakers have been left scrambling. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them. FTC: We use income earning auto affiliate links. Get started here.
In its first full sales month, over 4,300 L60 models were sold, or roughly one-fifth of NIOs total sales in October. FTC: We use income earning auto affiliate links. The post NIO’s new low-cost Onvo L60 EV shines in debut with +20,000 deliveries in just 100 days appeared first on Bauaelectric EV News.
The EV3 is the first of Kia’s new low-cost EV lineup as it looks to challenge industry leaders. Kia’s new electric SUV was a bright spot in August despite overall sales slipping in Korea (-4.1%) and overseas (-1.4%). Kia confirmed plans to launch new AWD and GT variants for its electric EV3 SUV.
The Propella 9S Pro V2 , unveiled late last year, is one of only a few low-cost torque sensor-enabled electric bikes to reach the market. The battery is also UL-compliant, an important safety factor that will ensure it can be sold in areas that are starting to restrict the sales of non UL-compliant electric bikes.
BYD will officially launch an electric car even smaller than the Dolphin in Australia, hinting it could be the low-cost Seagull EV. In September, BYD sold another 43,425 Seagull models, pushing total sales over the 400,000 mark for the first time. FTC: We use income earning auto affiliate links.
NIO-branded vehicles accounted for 16,657 of the nearly 21,000 models sold last month, while its new mainstream Onvo brand contributed 4,319 in its first full sales month. Although no specific markets were mentioned, local media reports suggest they will include major auto hubs like the US, Western Europe, Australia, and New Zealand.
Anyone betting on the prospects of an automaker - particularly a young EV specialist automaker such ass tesla will lose his/her shirt if he/she fails to make a study of the entire EV auto sector to the depth of being able to take the pulse of any EV maker as against the vital signs of the company he/she holds shares in.
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