Nio Delivered 10,055 EVs in January, Down 44% MoM
Nio delivered 10,055 EVs in January, up 18.2% from 8,506 in previous year, the company announced in a press release. However, the comparison doesn’t hold as last year, the Chinese New Year fell on January 22. Nio deliveries fell 44%…
KIA AMERICA BEGINS 2024 WITH STRONG JANUARY SALES
Coming off the highest annual sales volume in company history in 2023, Kia America delivered 51,090 units in January with growth across the brand’s SUV, utility, EV and electrified vehicle offerings. Sales of Kia’s rugged and capable SUVs increased over…
Battery Maker LG Energy Solution Projects Slowdown of Global EV Market
South Korean battery maker LG Energy Solution (LGES) on Friday predicted slowing growth in the global electric vehicle (EV) market this year, signalling further challenges ahead amid intensifying competition from Chinese rivals. The supplier of Tesla, General Motors, Volkswagen and…
China Says EU’s ‘unfair’ EV Subsidies Probe Risks Damaging Ties
China’s ambassador to the EU, Fu Cong, criticized the EU’s probe into Chinese electric vehicle manufacturers, calling it unfair. Cong emphasized China’s cooperation with the investigation to avoid trade measures. He pointed out that the EU also subsidizes its own…
Europe Over-reliant on Chinese EV batteries, Warns South Korea’s SK On
Europe is in danger of becoming overdependent on Chinese electric-car batteries, said a leading South Korean industry executive, as the continent struggles to agree on a coherent strategy to boost domestic production. With European carmakers set to increase imports of cheap…
European Car Sales Jump as Electric Vehicles Take the Lead
New car sales in Europe rebounded with a bang in 2023, rising by 13.9 percent as electric vehicles overtook diesel for the first time, an industry group has said. Sales of new electric cars shot up by 37 percent year-on-year…
Tesla Gets a $94 Billion Reality Check as EV Winter Sets in
Tesla Inc. had a blockbuster 2023, as its shares more than doubled in 12 months. But 2024 is starting on a different note, with Elon Musk’s electric vehicle maker off to its worst start to any year — ever. The…
Biden Launches $623 Million Grant Program for Electric Vehicle Charging
The Biden administration and U.S. Department of Transportation announced a new investment in the country’s push for greater electric vehicle adoption and usage, pledging $623 million in EV charging station grants intended to build out community charging networks around the…
Turkiye’s EV maker Togg Unveils its Sedan Model Before Europe Debut
Turkiye’s first homegrown electric vehicle maker announced the expansion of its lineup on Tuesday and unveiled its second model at the sprawling tech and gadget show in Las Vegas as it looks to start its expansion into Europe. The fastback…
VinFast Shows off a Midsize Truck and Small Utility EV for North America
Vietnam’s VinFast must really want a slice of the EV market in the US based on the vehicles it brought to CES in Las Vegas this year: a midsize pickup truck that looks to be about the same size as…
