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Global sales of electric vehicles (EVs) and plug-in hybrids jumped 20% year-over-year in August, according to a report from market research firm Rho Mot, according to Reuters. This growth was largely fueled by China’s booming EV market, which saw a staggering 42% increase in sales. China’s EV Market Dominance China’s EV sales hit a record…
Tesla’s highly anticipated Semi truck has crossed the Atlantic, making its first appearance in Europe at the IAA (Internationale Automobil-Ausstellung) in Hannover, Germany. This international automotive trade fair marks a significant milestone for Tesla’s expansion into the European commercial vehicle market, as reported by Dennis Gunst and Sawyer Merritt on X. Tesla’s Presence at IAA…
Sales of Chinese brands are up nearly 22% with Chinese companies overwhelmingly dominating sales of the EV market. Overcapacity in China’s auto manufacturing has become a major point of tension between the country and other big economies. The complaint from the west is that Beijing’s industrial policy has unfairly advantaged Chinese companies, leading to fears…
Volkswagen’s recent $5 billion partnership with US electric vehicle start-up Rivian has caused quite a stir among the staff at Cariad, VW’s software division. The deal, aimed at developing software for both companies’ cars, comes after a series of setbacks and budget overruns at Cariad that delayed the rollout of new VW, Audi, and Porsche…
Volkswagen is grappling with a tough decision that could see some of its factories in Germany shut down for the first time in its 87-year history. The automaker, known for its iconic brand, is struggling to meet cost-cutting goals and remain competitive in a challenging market. CEO Oliver Blume recently announced that the company must…
Herbert Diess, Volkswagen’s ex-chief, is pushing back against criticism of his hybrid vehicle strategy during his time at the helm of Europe’s biggest carmaker. This comes as the Financial Times reports a slowdown in EV enthusiasm and growing popularity of hybrids. Diess Claims “Excellent Portfolio” of Plug-in Hybrids Diess argues VW has a strong lineup…
BMW is gearing up to introduce its first hydrogen-powered vehicle by 2028, leveraging fuel cell technology developed in partnership with Toyota Motor Corp. The German automaker made the announcement on Thursday, highlighting its commitment to exploring alternative green technologies, according to Reuters. This move underscores BMW’s strategy to hedge its bets on which “green” technology…
Volkswagen, the German auto giant, is hitting some speed bumps on its journey to electric vehicles (EVs). The company’s facing tough times as it tries to keep up with the fast-changing EV market, according to a recent Wall Street Journal report. EV Investment Dilemma Volkswagen’s in a tight spot. They can’t easily cut back on…
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