A new EV king was crowned as Tesla announced a 9% decrease in sales compared to last year. BYD sold more than 2 million battery-powered vehicles last year, making it the world’s largest EV maker. The UK is currently BYD’s largest market outside of China, and it is looking to expand. Chinese automaker BYD ended 2025 on a strong note Read More
Foxconn's third concept is an electric minivan that other automakers hope to put into production
In the automotive world, some people believe that “bigger is better,” and some of these massive vehicles truly embody that mantra. Car manufacturers like to brag about the size of their cars, but it must be hard to put into words just how big some of them are… Source: www.thisismoney.co.uk
ibensTim Alversen, CEO of the largest multi-brand leasing company, said he has already received checks in recent weeks to help offset the weak prices. Leasing companies are demanding concessions from EV manufacturers, including buyback agreements. Source: fortune.com
Emerging electric vehicle manufacturer Fisker announced a bleak outlook during its earnings conference, saying, “Fisker’s ability to continue as a going concern is in serious doubt.” The company said it delivered 4,929 Fisker Ocean EVs (pictured above) to customers in 2023 and confirmed it is in talks with major automakers. company… Source: Car and Driver
Kia SUVs and cars are some of the best cars you can buy today, but that wasn’t always the case. release date February 11, 2022 7:51am If you paid attention to cars in the 1990s, you probably didn’t think of Kia as one of them. Source: www.motorbiscuit.com
Volvo Group has been selected as the successful bidder to acquire the electric business unit of electric vehicle and parts manufacturer Proterra. The $210 million transaction is expected to close in early 2024, pending U.S. Bankruptcy Court approval. The assets to be acquired include a battery module and battery pack development center. Source: www.equipmentworld.com