globalautonews (90 Posts)
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The World's Best-Selling Vehicle For 2023: Tesla Model Y Japanese market research company MarkLines has released the world’s best-selling vehicle ranking for 2023. According to the rankings, Tesla’s Model Y ranked 1st with 1,165,000 units, beating the Ford F Series with 878,000 units and the Toyota RAV4 with 868,000 units. Surprisingly, electric vehicles have surpassed internal combustion engine vehicles and hybrid vehicles in sales […] -
Tesla Wins 4 Categories at US Automotive Loyalty Awards Tesla has taken four of the top nine spots in the automotive industry's brand loyalty rankings, according to S&P Global Mobility. The study also found that EV buyers are not returning to gasoline vehicles... -
BYD Targets Sales of 4 Million Units in 2024, Driven by Low-Cost Models China's BYD will have a production capacity of 4.2 million units in 2024 and a sales target of 4 million units, 30% higher than in 2023, China Daily reported on February 26, 2024... -
Gas Prices Drop: Are Internal Combustion Vehicles Cheaper to Fuel than EVs? In the United States, lower gasoline prices have led to lower fuel costs for battery electric vehicles, according to a new study. A study by consulting firm Andersen Economic Group found that the average fuel cost for entry-level gasoline cars is 9 cents per 100 miles... -
Mercedes Delays Electrification Goals To 2030, Commits to Combustion Engines Mercedes has confirmed that they are delaying their electrification goal by 2030 and will continue offering internal combustion engine (ICE) vehicles, according to Reuters. In particular, the automaker expects sales of electrified vehicles, including hybrids, to account for up to 50% of the total by 2030. Previously, Mercedes had committed to achieving full electrification by […] -
Jeep Accelerates Electric Vehicle Plans: Wagoneer S Coming to U.S. Market in Q2 Jeep plans to launch its first battery electric vehicle, the Wagoneer S (pictured above), for the U.S. market as early as the second quarter. It was initially planned to be launched at the end of this year. This is what Jeep CEO Antonio Filosa revealed to local U.S. media. Next, the automaker plans to launch […] -
Nio Ventures into Robotics: Testing Humanoid Robots on Factory Assembly Lines Chinese electric vehicle startup Nio said it is testing humanoid robots on the assembly line at one of its factories... -
Tesla to Slash Sentry Mode Power Drain by 40%: Huge Savings and Environmental Impact Tesla is rolling out a software update to reduce Sentry Mode power usage by as much as 40 percent. Electric cars lose power while parked, similar to the standby power of appliances... -
Rivian Shares Drop 15% Following Announcement of Workforce Reduction GlobalAutomotiveNews.com - U.S. electric vehicle company Livian announced on February 21, 2024 that it will cut its workforce by 10% and that production this year will be in line with last year's lower-than-expected levels, sending its shares down more than 15% in after-hours trading... -
Chinese Automaker Threatens Tesla's Dominance in 2023 Electric Vehicle Sales In 2023, 10 automakers accounted for more than 80% of global electric vehicle sales. Tesla, BYD, and Volkswagen Group accounted for 46% of all new registrations... -
Chinese Electric Vehicle Companies Cut Prices to Boost Sales China Daily reported on February 20, 2024 that Chinese electric vehicle makers are continuing to compete to cut prices at the start of the year... -
U.S. Rethinks Electric Vehicle Goals for Auto Sector The U.S. government is expected to enact regulations mandating emissions reductions proposed by the Environmental Protection Agency as early as March 2023... -
Six Chinese Automakers in Top 20 Global Sales for 2023 Market research firm MarkLines reveals 2023 sales forecasts for automakers around the world. -
BYD Launches Qin Plus EV Honor Edition: Electric Cars Now Cheaper Than Gasoline On February 19, 2024, China’s BYD launched the new Qin Plus EV Honor Edition model. At the same time, BYD emphasized that through the launch of this new model, electric vehicles are officially opening a new era with lower prices than gasoline vehicles. BYD is well known for its low-cost electric cars, such as the […] -
China Leads Global New Energy Vehicle Market with Two-Thirds Sales Share China's sales of new energy passenger vehicles accounted for nearly two-thirds of the world's total last year, according to industry data. China's new energy vehicle sales accounted for two-thirds of the world's total in 2023, according to the China Passenger Vehicle Association... -
US Witnesses 52% Jump in Battery EV Registrations Last Year S&P Global Mobility reports that battery electric vehicle sales in the U.S. increased 23% year-over-year in December 2023, with a market share of 8.8%. -
Ford CEO Jim Farley Foresees Intensified Competition Against Chinese Electric Vehicles in 2024 According to The Detroit News, Ford’s CEO Jim Farley expressed his thoughts on last year’s United Auto Workers (UAW) strike and electric vehicles at the Wolfe Research Global Auto and Auto Tech Conference held in New York on February 15, 2024. He reportedly said the company always took pride in its relationship with the UAW, […] -
Tesla's Big Move: World's Largest Supercharger Station Coming to California Tesla plans to construct the world’s largest new Supercharger station. This is an area Tesla is focusing on, along with its continuous investment of billions of dollars in computing performance to support the possibility of operating RoboTaxis in North America by 2024 and AI initiatives. Tesla owns the best charging network, the Supercharger network, and […] -
Rivian Rolls Out Budget-Friendly Battery Options for R1T and R1S U.S. electric vehicle startup Rivian announced it will provide two new budget-friendly battery options for its R1T electric pickup truck and R1S electric SUV (pictured above). The battery capacities are 106 kWh and 121 kWh, respectively. So far, Rivian has offered two options: a large battery with a capacity of 135 kWh and a max […] -
Tesla Loses Crown: BYD Overtakes as Global Electric Vehicle Sales Leader On January 3rd, as the New Year began, several media outlets reported Tesla’s fall from the top spot in global electric vehicle sales with headlines like “Tesla Steps Down from No. 1 for Global EV Sales.” According to reports, Tesla’s global sales from October to December 2023 were just over 480,000 units. China’s BYD sold […]
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