Sunday, February 25, 2024

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Price war in China’s passenger car market to remain fierce in 2024, says CPCA secretary-general

The process of new manufacturers replacing old ones in the process of establishing a new market order will likely continue for several years until...

BYD Set to Challenge Tesla for the Crown in EV Sales in 2024, Says TrendForce

TrendForce reports that global sales of NEVs, including BEVs, PHEVs, and FCVs, reached 13.03 million units in 2023—marking a growth rate of 29.8%. This...

BYD says it will bolster R&D investment as engineers exceed 90,000

To date, BYD has more than 90,000 R&D engineers and has filed more than 48,000 patents worldwide, according to an announcement. As China's largest new...

Automotive ADAS Sensors Market to Hit USD 38.54 Billion by 2029

The automotive ADAS sensor market is a dynamic and complex ecosystem shaped by technological advances, regulatory changes, consumer preferences, and global economic trends. As...

EV Development Faces New Challenges, Porsche CFO Suggests Delay in European Ban on New Fuel Cars

Porsche’s Chief Financial Officer Lutz Meschke has stated in a media interview following the conclusion of the Macan EV unveiling on January 25, 2024,...

Why Elon Musk’s ‘self-driving’ of Tesla’s board and its decision to pay him $56B collided with the law

Justin P. Klein, University of Delaware Delaware Chancery Court Judge Kathaleen St. Jude McCormick has blocked Elon Musk’s US$55.8 billion pay package, which Tesla’s board...

Apple Car Production Delayed to 2028, to Feature Level 2+ Advanced Driver Assistance System

Apple has delayed the production schedule for the Apple Car from 2026 to 2028, as reported by Bloomberg. The vehicle is expected to feature...

EV Battery Prices Fell by 4–7% in January, Decrease Expected to Slow Down in February, Says TrendForce

TrendForce’s latest research indicates that the global lithium battery market remained subdued in January, with cell makers still working through their inventories and production...

BYD Announces Land Agreement for New Passenger Car Factory in Hungary

BYD Auto announced today that it signed a land pre-purchase agreement with the Szeged City Government in Hungary on January 30, for a BYD...

Hyundai Faces Challenges in Obtaining Electric Vehicle Tax Credits in the United States

Negotiations between Hyundai Motor and the U.S. government concerning tax incentives for the Korean automaker’s USD 5.5 billion EV plant in Georgia have yet...

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