Hyundai And Kia Are “staying Ahead” With Strong EV Demand

Despite concerns about a cooling EV market, Hyundai and Kia are “very bullish” as demand for their electric vehicles remains strong. Over the past few months, you’ve probably read headlines like “Automakers Overestimate Demand for EVs,” and some believe that automakers are on track. This includes Hyundai… Source: electrek.co

Volvo Cars Reports Record Profits And Strong Pre-orders For EX30 Electric SUV

Volvo Cars has announced extraordinary financial results for the third quarter of 2023, posting an astonishing 75% increase in operating profit excluding joint ventures and affiliated companies. The company reported operating profits of SEK 6.1 billion (approximately $1.4 billion), demonstrating continued growth and solidifying its position in the industry. Source: www.motormoutharabia.com

Volvo EX30 To Be Produced In Europe From 2025 Due To “strong Demand”

Production of this model has already begun in China. 8:35 a.m. (Eastern Standard Time) Volvo Cars today announced that the all-new all-electric Volvo EX30 model will be produced at its plant in Ghent, Belgium, from 2025. Decided to add a second manufacturing base after Zhangjiakou City, China. Source: insideevs.com