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…
EY’s 2024 Mobility Consumer Index (MCI) survey has revealed a significant drop in consumer interest for electric vehicles (EVs) in the United States. Only 34% of US consumers plan to buy an electrified vehicle as their next car, marking a…
In a significant move to expand the electric vehicle market, BMW and Toyota have announced a collaboration to develop hydrogen-powered electric cars. This partnership aims to make this niche market a viable option for environmentally conscious consumers. According to Reuters,…
Toyota Motor Corporation, the world’s leading automaker, has significantly scaled back its electric vehicle (EV) production plans for 2026, according to Reuters. This adjustment signifies a notable shift in the company’s EV strategy as the momentum for electric car sales…
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…
BYD, China’s leading electric vehicle manufacturer, has climbed to the seventh spot in global auto sales rankings, outpacing industry stalwarts Honda and Nissan in the April-June quarter. This significant shift in the automotive landscape is largely attributed to BYD’s focus…
Toyota is set to test a massive gigacasting machine at its Japanese plant, adopting a technique pioneered by Tesla to streamline electric vehicle (EV) production and reduce costs. This move signals Toyota’s commitment to advancing its EV manufacturing capabilities, according…
Toyota, the world’s largest automaker, is considering a bold move that could reshape its product lineup and the automotive industry at large. According to a recent report from Reuters, the company is evaluating the possibility of converting most, if not…
VS en EU werpen wegversperringen op, maar autofabrikanten groeien dichter naar China toe De VS en Europa werpen barrières op om Chinese auto's van hun markten te weren, maar op bedrijfsniveau groeien de autofabrikanten steeds dichter naar China toe. President...
Chairman Akio Toyoda Highlights the Need for Diverse Solutions in Achieving Carbon Neutrality Toyota Motor’s Chairman, Akio Toyoda, recently shared insightful commentary on the state of the electric vehicle (EV) industry, emphasizing the necessity for a varied approach in the…
In a significant move, Toyota Motor, the world’s sales leader in the automotive world, announced a shift in strategy. Starting in 2025, Toyota will incorporate Tesla’s North American Charging Standard (NACS) for its battery-electric vehicles (BEVs). “This decision reflects our…
As the world continues to charge towards an electric future, leading automaker Toyota is making significant strides. Partnering with battery giant LG Energy Solution (LGES), Toyota prepares to supercharge its US-based electric vehicle (EV) production. A Power-packed Partnership The recent…
In a surprising turn of events, Vietnamese electric car manufacturer, Vinfast, saw its shares soar by 21% this Monday. This follows a spectacular debut on Wall Street earlier this month, pushing its market value to an astonishing $160 billion. With…
The unprecedented 13-day winning streak of Tesla shares, which propelled the company’s valuation by a whopping $200 billion, met its conclusion on Wednesday. The meteoric rise, which added more than 40% to Tesla’s share value, ceased with a slight dip,…
In the heart of California, the Tesla Model 3 may be more affordable than the average sedan. An entry-level Tesla Model 3, tagged at $40,240, may now be acquired by Californians for a steal, thanks to a stack of state…
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