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EV market

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,...

Xiaomi EV likely to be a disruptor, says Morgan Stanley

Xiaomi's EV business could have an intrinsic value of RMB 90 billion yuan if it scales up rapidly, Morgan Stanley said. Xiaomi EV is likely...

Americans Buy Nearly 1.2 Million Electric Vehicles to Hit Record in 2023

As the shift toward an electrified future continues, a record-breaking nearly 1.2 million U.S. vehicle buyers chose to go electric last year, according to...

Deloitte: Electrification Momentum Slows Amid Economic Headwinds

Future cost concerns remain a key obstacle to new powertrain adoption; consumers weigh connected and subscription service offerings Key takeaways In the U.S., intent to purchase...

GAC Honda Axes 900 Jobs in Response to Electric Vehicles Revolution

Honda, the Japanese automotive giant, is set to lay off around 900 employees from its Chinese joint venture, GAC Honda. This move comes as...

S&P Survey Finds EV Affordability tops Charging and Range Concerns in Slowing EV Demand

Although battery-electric vehicles are getting closer to price parity with their internal combustion siblings, the affordability factor is the main reason consumers are holding...

Challenges Loom Over China’s Electric Vehicle Makers as NIO Announces Layoffs

According to Yahoo’s report, recent developments in China’s automotive industry, particularly the electric vehicle sector, have been a mixed bag. While some companies have...

Even Ford Halts EV Investment, How Will the Automakers Adjust Its EV Strategy?

Ford announced the withdrawal of its full-year financial forecast due to the impact of the recent labor strike and ongoing challenges in the EV...

EV Market Faces Challenges, Including Price, Affordability, and Realistic Consumer Expectations

Once considered a driving force behind economic growth, the electric vehicle (EV) market is facing a reality check as consumers are becoming more practical...

BYD Electric Cars Outperform Tesla in Southeast Asia, with Thailand as the Largest Overseas Market

Report to InfoTimes, Chinese electric vehicle giant BYD is making impressive strides in Southeast Asia, not only leaving strong rivals like Tesla far behind but...

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