Every EVXL story tagged “Toyota” — newest first.
General Motors and Hyundai are joining forces to develop new vehicles and technologies, aiming to cut costs and speed up innovation. This partnership, announced on Thursday, will focus on internal combustion, electric, and hydrogen-powered vehicles, as reported by the NY Times. A Collaborative Effort The two automakers have signed a nonbinding agreement to explore areas…
BMW’s recent announcement about cutting its profit margin forecast due to sluggish demand in China is just the tip of the iceberg. According to analysts, electric vehicles (EVs) are shaking up auto sales in the world’s biggest market, leaving foreign car manufacturers struggling to keep up, reports VOA News. The Rise of Chinese EVs In…
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…
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 14 percentage point decrease from last year. This shift in consumer sentiment is raising eyebrows…
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, the two automotive giants are pooling their expertise to create a new generation of fuel-cell…
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…
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 on affordable electric vehicles, according to data from automakers and research company MarkLines. Impressive Growth…
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 to a report from Nikkei Asia. Giant Machine, Big Ambitions The Japanese automaker plans to…
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