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Australian express freight company, Team Global Express, has placed an order for 36 Volvo FL Electric trucks. The shift to sustainable truck transport is happening in many parts of the world, including Australia, where sales of electric trucks are starting to pick up. This is Volvo’s largest electric truck order to date in Australia.
In particular, the New Energy Vehicle (NEV) sales reached 80,003 units, soaring 262.9% By the end of October, the cumulative annual sales of BYD passenger vehicles topped 200,000 units. So far, BYD Han’s cumulative sales have exceeded 130,000 units, with increases for seven consecutive months. year on year (YoY) and 12.5%
Daimler plans a fundamental change in its structure, splitting into two independent pure-play companies: Mercedes-Benz Cars & Vans, and Daimler Truck, which will be a spin-off the current Truck and Bus business. It represents the start of a profound reshaping of the company. This is a historic moment for Daimler.
Canada-based AK Motor International Corporation, an automotive intellectual property management company, is launching a new electric vehicle brand: Maple Majestic. This in turn translates to lower sales in relatively cold regions of the world. Climate Friendly driving does not necessarily mean an SUV, says the company.
Geely Auto Group (Geely Auto) officially announced the widely reported formation of Zeekr—a new electric mobility technology and solutions company based in China that will serve growing global demand for premium electric vehicles. Both parties have also agreed to inject 2 billion RMB (US$307 million) in capital into the company.
Tesla stock continues to trade at about a bazillion times earnings, but there are warning signs flashing for those who are thinking about what lies ahead for the company. Bloomberg Hyperdrive reports that Tesla sales plummeted 63 percent in January 2025 in France, the European Unions second largest market for.
Tesla Chinas results in March are quite impressive considering that the company spent the majority of the first quarter transitioning Giga Shanghai to the new Model Y. CPCA reported 74,127 Tesla sales in China in March. – wholesale: 78,828 Retail: 74,127 Export : 4,701 They focused on domestic sales in China in March.
Velodyne Lidar has acquired Bluecity, a Montreal-based artificial intelligence (AI) software company, in an all-stock transaction. Bluecity’s executive, software development and sales teams will join Velodyne. The addition of Bluecity is expected to be immaterial to operating expenses and cash usage.
In 2025, half of all new Porsche sales are expected to come from the sale of electric vehicles—again, all-electric or plug-in hybrid, said Oliver Blume, Chairman of the Executive Board of Porsche AG. In 2021, Porsche increased its deliveries in all global sales regions. Sales in 2021 were €33.1 billion, €4.4
They both set new monthly sales records in December. XPENG Sales Figures XPENG rose to 36,695 deliveries in December, which was a whopping 82% increase over December 2023. That also meant the company ended the 4th quarter with 91,507 deliveries, a. XPENG and NIO ended the year with a bang.
Following up on our report on BYD passenger vehicle sales in February and JanuaryFebruary, let’s have a look at the company’s commercial vehicle sales. Looking at BYD’s electric bus sales, the volume was pretty low in. First of all are the commercial vehicles that get the most attention buses.
Deepsea mining company TMC The Metals Company ( earlier post ) announced a strategic partnership with Low Carbon Royalties Inc. TMC and LCR have agreed to a purchase and sale agreementwhereby LCR has acquired a 2.0% to finance the development and production of low-carbon fuels and energy transition metals.
Tesla was able to accomplish this despite facing a steep sales decline across several markets in Europe. Quite interestingly, Tesla Irelands momentum was driven largely by the reengineered Model 3, which comprised the majority of the electric vehicle makers sales in the country.
Austrian bus company Österreichische Postbus AG (ÖBB Postbus) has signed another framework agreement with Solaris for the delivery of up to 106 battery-electric and hydrogen buses that would be deployed throughout Austria. ÖBB Postbus is the largest bus company in Austria and a leader in regional public bus transport.
NIO’s momentum from a great 2024 carried forward into January, providing the company with 13,863 vehicle deliveries, a 37.9% Notably, a large portion of these sales came from NIO’s new brand, ONVO. 7,951 of the company’s deliveries, 57%. increase over January 2024.
Tesla’s resilience Jonas Bjrkman, head of business development at Riddermark Bil, shared in an interview with CarUp that Tesla’s “sales have increased.” ” The company, which raked in SEK 9.6 “Tesla is the electric car brand we have sold the most units of, and sales continue at a high rate.
Tesla ( NASDAQ:TSLA ) has released its Q1 2025 company-compiled delivery consensus of sell-side analysts. Images of Teslas Q1 2025 company-compiled consensus were shared recently on social media. The company-compiled consensus also suggests that Tesla will see total deliveries of 1,851,001 vehicles this Full Year 2025.
These core business aims include: Accelerating electrification and achieving annual sales of 1.2 Starting with an annual global sales goal of 3.15 million units in 2022, Kia aims to continue its quantitative growth by building on the company’s product quality. million BEV sales in 2030. Kia to achieve 1.2
Tesla China saw a sharp rise in sales last month. After several weeks of throttled sales due to the new Model Y, Tesla China initiated a strong comeback in March. CPCA reported 78,828 Tesla wholesale sales (export and local sales) for March from Giga Shanghai. In March, Tesla sold a total of 43,370 new Model Y in China.
Ford has produced its 150,000 th Mustang Mach-E electric vehicle since starting production nearly two years ago, a significant milestone as the company scales EV production to a rate of 600,000 annually by late 2023 and more than 2 million annually by 2026.
After a massive 2024 that made BYD Group the 7th best selling auto group in the world, the company is starting 2025 super strong. The company’s passenger vehicle sales jumped 47.47% in January 2025 compared to January 2024. As a reminder, all of those vehicles are plugin vehicles (or “new.
Tesla has filed an official petition with the state of Wisconsin to let the company sell cars directly to consumers, coming as the latest in the company’s attempts to overturn direct sales bans across several U.S. READ MORE ON DIRECT SALES LAWS: Tesla granted license for direct vehicle sales in Kentucky Across the U.S.,
After Tesla China officially began deliveries of the new Model Y “Launch Edition” earlier this week, the company has now transitioned to selling the regular version of the refreshed vehicle on its order configurator as of Saturday morning. Looks pretty smooth. New Tesla Model Y launches in the U.S.,
Counterpoint Research has estimated that Chinese automaker BYD will be able to overtake American electric car maker Tesla in Battery Electric Vehicle (BEV) sales this 2025. These include the companys 1,000-kW ultra-fast charging technology and 10C charging rate batteries, which exceed Teslas current Supercharger offerings.
As a precautionary measure, the company announced a voluntary recall of approximately 209 Class 8 Tre battery-electric vehicles (BEVs). Nikola provided the preliminary results of third-party and internal investigations into a previously reported battery pack thermal event in its Class 8 Tre battery-electric vehicles (BEVs).
Benz Group AG, responsible for Marketing & Sales. Mercedes-Benz is the first automotive company in the world to meet the demanding legal requirements of UN Regulation No. —Britta Seeger, Member of the Board of Management of Mercedes?Benz Since then, it can be implemented in Europe. 157 for a Level 3 system.
BYD sales continue to soar. Its passenger vehicle sales were up 58% in the first quarter, while its electric commercial truck sales were up 1169%. And the company has been releasing new model after new. Regarding full electric cars, BYD has now solidly shot past Tesla as the global leader.
Tesla is continuing its long-standing tradition of dominating electric vehicle sales in California. Despite an increased number of competitors and models attempting to take market share from the company, Tesla still holds over fifty percent of the EV segment in the Golden State. percent of the EV sales in California in 2024.
Under planning and development management by NMKV, a joint venture of Nissan and Mitsubishi Motors, the Kei EV has not only integrated Nissan’s advanced technologies with Mitsubishi Motors’ expertise in manufacturing Kei cars, but also the two companies’ combined electrification technologies.
Amazon Autos director Fan Jin recently told Automotive News that the move would happen soon, moving the company into direct competition with several others in the space. People in some regions can already buy a new Hyundai on Amazon, but the online platform is considering an expansion into the used car market.
At the “SK Innovation Story Day” briefing session in Seoul last week, Dong-Seob Jee, President of SK Innovation’s Battery Business, said from its current 40 GWh battery production level, the company expects to reach 85 GWh in 2023, 200 GWh in 2025 and more than 500 GWh in 2030. Jee said that the company will become the world’s No.
The deliveries consisted of 7,951 vehicles from the companys premium smart electric vehicle brand NIO, and 5,912 vehicles from the company,s family-oriented smart […] The post NIO, Zeekr, Li Auto Report EV Sales Results For January 2025 appeared first on Electric Cars Report. year-over-year.
Global EV sales skyrocketed 200% in the last year and will likely continue to grow with commitments from global automakers to increase EV sales. For example, in August, three US automakers pledged to boost EV sales to 40-50% by 2030.
In 2021 the company took orders, including letters of intent to buy, for more than 1,100 electric trucks worldwide. The international trucking industry is undergoing a transformation towards more sustainable transport as sales of heavy battery electric trucks are starting to pick up, with Europe in the lead.
CaetanoBus , the Portuguese bus manufacturing company, and Toyota announced the co-branding of the battery electric city bus, the e.City Gold, and the fuel cell electric bus, the H2.City Over the past year, the Portuguese bus company has reinforced its international presence with increased sales of its zero emission buses throughout Europe.
The company has acquired 100% of the shares of the US company ViCTORi LLC, better known as VAIREX air systems, effective 2 July 2021. According to market forecasts, a worldwide sales potential of US$8 billion is estimated for fuel cell systems by 2030. While acquiring VAIREX we open up a new business area for Eberspächer.
The Moreno Valley Unified School District (MVUSD) has approved a project from InCharge Energy, Creative Bus Sales and IC Bus to deploy 42 electric school buses and an electric vehicle (EV) charging infrastructure to support the new fleet. This initiative represents the largest electric school bus purchase yet in California.
Although the company once decided to end its production, sales resumed in November 2022 in response to growing demand for such commercial EVs, particularly from logistics companies and local governments that are engaged in sustainable business activities.
The electric vehicle features medical-grade equipment and a made-to-order design by AYRO and mobile cart’s leader Gallery, expanding on the companies’ existing food service vehicle models. Club Car will provide sales and service support for the vehicles to Element and its Clients. Element Fleet Management Corp.,
SPR releases of crude oil can occur under four conditions: emergency drawdowns, test sales, exchange agreements, and nonemergency sales. There have been four prior emergency drawdowns in the history of the SPR: 1991 Operation Desert Storm Sale. 2005 Hurricane Katrina Sale. President George H. President George W.
The company will officially begin delivering keys to customers at a special launch event scheduled for 4 October in Los Angeles with a select group of early reservation holders along with the company’s first fleet owners. The company earlier introduced a new fleet and commercial version of the SOLO Cargo EV.
BYD has set a new sales record in the UK, selling 9,271 cars in Q1 alone. This achievement is not only BYD UKs most successful quarter since the company introduced passenger cars in March 2023, but also means the company sold more cars in the most recent quarter than the whole of 2024 combined.
In Seoul, Hyundai Motor Company unveiled a strategic roadmap to accelerate its electrification ambition as it pursues sustainable progress for the company. The company also unveiled targets for sales and financial performance to be achieved by 2030. This year, Hyundai begin sales of IONIQ 6, followed by IONIQ 7 in 2024.
Xiaomi sales have been absolutely stunning in 2024, but the company’s CEO, chairman, and founder wants to go far beyond this and make Xiaomi the 5th largest automaker in the world! In its first 9 months, the company sold a stunning 130,000 electric vehicles. Can it increase that many times.
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