Hankook profits up 50% as EV tire segment grows
The Korean tire and technology group saw operating profit rise 51.5% year-on-year to KRW 191 billion (€140 million), on 17.5% higher sales of KRW2,100 billion. Hankook linked the growth to its ‘premium’ strategy which targets increased sales of higher-value products,…
Bolivian EV Startup Hopes Tiny Car Will Make It Big In Lithium-Rich Country
On a recent, cold morning, Dr. Carlos Ortuno hopped into a tiny electric car to go check on a patient in the outskirts of Bolivia’s capital of La Paz, unsure if the vehicle would be able to handle the steep,…
2023 Honda e:Ny1 Is Brand’s Second EV In Europe, Has 256-Mile Range
Honda could have called it the HR-V EV, because that’s exactly what it looks like, but the automaker argues that it’s a completely different car underneath. Those of you who are familiar with China’s EV market will immediately recognize that the e:Ny1 is…
Erdogan-backed EV Maker Targets Europe Exports Next Year
Turkey’s first homegrown EV maker plans to start exports to Europe from the end of 2024, the culmination of a €3.5 billion ($3.83 billion) project championed by President Recep Tayyip Erdogan as a key government achievement ahead of this week’s…
Slovaks Cannot Afford Electric Cars Like Their Peers In Western Europe
Slovakia tops the list of countries with the lowest share of electrically chargeable vehicles (ECVs) in the European Union. The European Automobile Manufacturers’ Association (ACEA) cites the local annual net income as one reason, since the high price of such…
Most US Dealers Don’t Have Any EVs & Almost Half Refuse To Sell EVs
A new Sierra Club report finds that 66% of car dealers in the US simply don’t have any electric vehicles (EVs) to sell. Added to this, 45% of dealers said they’re unwilling to sell them, regardless. If we really want…
Chinese Investment In Europe Drops By 22%, Except For EV-Batteries: Report
Chinese investment in Europe plunged by more than a fifth last year to a decade low as a shift toward greenfield investments in electric-vehicle batteries only partially offset a steep decline in mergers and acquisitions, a survey showed. Foreign direct…
BYD To Make Electric Vehicles In Vietnam In South-East Asia Push
BYD plans to produce electric vehicles (EVs) in Vietnam and expects support from the country’s government to do so, the South-east Asian nation said following a May 5 meeting between Deputy Premier Tran Hong Ha and the automaker’s chairman and…
High Price Tag Of Electric Vehicles Is A Big Plus For This Company
ASX-listed FleetPartners also revealed on Monday that the order rate for electric vehicles from corporates and small business operators is running at about 10 per cent of its total, well behind New Zealand, where about 50 per cent of new…
Fisker Begins Deliveries Of Its Ocean SUV In Europe Even As Other EV Startups Falter
Fisker (NYSE: FSR) delivered its first Ocean electric SUV in Europe last week even as some of the other EV startups have faltered on execution. The model offers the highest range among electric SUVs in Europe and might heat up…
