globalautonews, Author at Gangnam Times - Page 3 of 5
globalautonews (90 Posts)
Tesla's Q4 2023: Operating Margin Shrinks, But Net Profit Doubles Tesla announced financial results for the fourth quarter of 2023 on January 24, 2024. Operating income decreased 47% year-over-year to $2.064 billion, marking the fourth consecutive quarter of losses...
Volkswagen Reveals Updated 8th Gen Golf with Cutting-Edge AI Chatbot Volkswagen has unveiled a partially facelifted model of the eighth-generation Golf on January 24, 2024...
Xiaomi's Entry into Electric Cars: Lei Jun's Battle for Supremacy Lei Jun, founder of Chinese smartphone giant Xiaomi, has claimed that competition in the automotive industry will be winner-take-all, unlike other executives in China's electric vehicle sector.
China's New Energy Vehicle Goal Reached Well Ahead of Schedule China is expected to meet its 50 percent new energy vehicle penetration target 10 years ahead of schedule, a Chinese government official said, China Daily reported on Jan. 22, 2024...
United Automobile Workers Take Aim at Trump: Strong Criticism at Press Conference United Auto Workers (UAW) President Sean Payne criticized former President Trump at a press conference on Feb. 22.
China's Great Wall Motors Starts Production of Electric Vehicles in Thailand China's Great Wall Motor announced on January 12, 2024 that the GWM Aura 03, also known as the GWM Aura Goodcat, has begun production at GWM's Rayong plant in Thailand...
Jeep's Flagship Electric SUV Wagoneer S Packs a Punch with 600 HP As part of its carbon neutralization strategy, Jeep® unveiled a sneak peek of its premium all-electric Wagoneer S SUV on social media...
Tesla Expects Significant Slowdown in Sales in 2024 Tesla released its Q4 2023 earnings and said it expects significantly lower growth in its automotive business in 2024...
Volkswagen's ID.4 Secures IRS Tax Deduction in the United States Volkswagen has announced that all ID.4 models will be eligible for the IRA tax credit in the U.S. in 2024. The ID.4 with SK On battery components produced in the U.S. will be eligible for a federal tax credit of $7,500. ID...
UK Car Production Skyrockets by 16.8% in 2023 The UK Society of Motor Manufacturers and Traders (SMMT) announced on January 25, 2024 that the number of vehicles produced in 2023 increased by 17% year-on-year to 951,117 units. This is the first time in seven years that production has surpassed the previous year's figure, despite supply chain disruptions caused by the coronavirus pandemic...
Hyundai Motor Group Records 450,000 Electric Vehicle Sales in 2023 Hyundai Motor Company sold 268,785 battery electric vehicles in 2023. That's 451,000 units, compared to Kia's 182,000. Hyundai's increase was driven by the Ioniq 5 and Ioniq 6...
Volkswagen Still Struggling with Electric Motor Shortages Volkswagen is still struggling with a shortage of electric motors at its Kassel parts plant, German media outlet Handelsblatt reported on January 25, 2024...
Biden's EV Push vs. Trump's Comeback: A Shock for the Auto Industry This is the year of the US presidential election. Already, there is a generalized talk about the need to respond to Trump's election. This has led to concerns that Biden's EV strategy, which he has been actively promoting, will change...
Audi Scores Historic Victory in the 2024 Dakar Rally Audi wins the world's toughest desert rally, the Dakar Rally, with a low-emission prototype Audi RS Q e-tron, which for the first time ever features an electric drive, high-voltage battery and energy converter.
Chinese Car Company Nio Soars to 50th Spot in Global 100 Sustainability Rankings Chinese electric vehicle startup Nio has announced that it has been named to the 2024 Global 100, which recognizes companies leading the way in sustainable economies.
Chinese Government Takes Control Over Unregulated Electric Vehicle Projects The Chinese government will control new electric vehicle projects in the country through tough measures, the Financial Times reported on January 22, 2024...
Waymo's Self-Driving Cars Hit the Roads in Phoenix, USA WeMo has announced that it will begin operating an electric Jaguar I-PACE SUV on highways around Phoenix in the United States this month. The vehicles will operate in fully autonomous mode and will initially only carry WeMo employees...
SAIC Motor Corp. GOALS FOR 1.5 MILLION Overseas SELLING IN 2025 China's SAIC Motor Corp announced that it has set overseas sales targets of 1.35 million units in 2024, up 12% year-on-year, and 1.5 million units in 2025.
Rise in Ship Orders as China Boosts Automobile Exports China's auto exports rose 57.4% year-on-year to 5.22 million units in 2023, according to the General Administration of Maritime Affairs.
U.S. to Add 7,500 EV Charging Stations with $623 Million InvestmentThe US will invest $623 million to add 7,500 electric vehicle charging stations, part of President Biden's infrastructure plan.
Tesla's Q4 2023: Operating Margin Shrinks, But Net Profit Doubles Tesla announced financial results for the fourth quarter of 2023 on January 24, 2024. Operating income decreased 47% year-over-year to $2.064 billion, marking the fourth consecutive quarter of losses...
Volkswagen Reveals Updated 8th Gen Golf with Cutting-Edge AI Chatbot Volkswagen has unveiled a partially facelifted model of the eighth-generation Golf on January 24, 2024...
Xiaomi's Entry into Electric Cars: Lei Jun's Battle for Supremacy Lei Jun, founder of Chinese smartphone giant Xiaomi, has claimed that competition in the automotive industry will be winner-take-all, unlike other executives in China's electric vehicle sector.
China's New Energy Vehicle Goal Reached Well Ahead of Schedule China is expected to meet its 50 percent new energy vehicle penetration target 10 years ahead of schedule, a Chinese government official said, China Daily reported on Jan. 22, 2024...
United Automobile Workers Take Aim at Trump: Strong Criticism at Press Conference United Auto Workers (UAW) President Sean Payne criticized former President Trump at a press conference on Feb. 22.
China's Great Wall Motors Starts Production of Electric Vehicles in Thailand China's Great Wall Motor announced on January 12, 2024 that the GWM Aura 03, also known as the GWM Aura Goodcat, has begun production at GWM's Rayong plant in Thailand...
Jeep's Flagship Electric SUV Wagoneer S Packs a Punch with 600 HP As part of its carbon neutralization strategy, Jeep® unveiled a sneak peek of its premium all-electric Wagoneer S SUV on social media...
Tesla Expects Significant Slowdown in Sales in 2024 Tesla released its Q4 2023 earnings and said it expects significantly lower growth in its automotive business in 2024...
Volkswagen's ID.4 Secures IRS Tax Deduction in the United States Volkswagen has announced that all ID.4 models will be eligible for the IRA tax credit in the U.S. in 2024. The ID.4 with SK On battery components produced in the U.S. will be eligible for a federal tax credit of $7,500. ID...
UK Car Production Skyrockets by 16.8% in 2023 The UK Society of Motor Manufacturers and Traders (SMMT) announced on January 25, 2024 that the number of vehicles produced in 2023 increased by 17% year-on-year to 951,117 units. This is the first time in seven years that production has surpassed the previous year's figure, despite supply chain disruptions caused by the coronavirus pandemic...
Hyundai Motor Group Records 450,000 Electric Vehicle Sales in 2023 Hyundai Motor Company sold 268,785 battery electric vehicles in 2023. That's 451,000 units, compared to Kia's 182,000. Hyundai's increase was driven by the Ioniq 5 and Ioniq 6...
Volkswagen Still Struggling with Electric Motor Shortages Volkswagen is still struggling with a shortage of electric motors at its Kassel parts plant, German media outlet Handelsblatt reported on January 25, 2024...
Biden's EV Push vs. Trump's Comeback: A Shock for the Auto Industry This is the year of the US presidential election. Already, there is a generalized talk about the need to respond to Trump's election. This has led to concerns that Biden's EV strategy, which he has been actively promoting, will change...
Audi Scores Historic Victory in the 2024 Dakar Rally Audi wins the world's toughest desert rally, the Dakar Rally, with a low-emission prototype Audi RS Q e-tron, which for the first time ever features an electric drive, high-voltage battery and energy converter.
Chinese Car Company Nio Soars to 50th Spot in Global 100 Sustainability Rankings Chinese electric vehicle startup Nio has announced that it has been named to the 2024 Global 100, which recognizes companies leading the way in sustainable economies.
Chinese Government Takes Control Over Unregulated Electric Vehicle Projects The Chinese government will control new electric vehicle projects in the country through tough measures, the Financial Times reported on January 22, 2024...
Waymo's Self-Driving Cars Hit the Roads in Phoenix, USA WeMo has announced that it will begin operating an electric Jaguar I-PACE SUV on highways around Phoenix in the United States this month. The vehicles will operate in fully autonomous mode and will initially only carry WeMo employees...
SAIC Motor Corp. GOALS FOR 1.5 MILLION Overseas SELLING IN 2025 China's SAIC Motor Corp announced that it has set overseas sales targets of 1.35 million units in 2024, up 12% year-on-year, and 1.5 million units in 2025.
Rise in Ship Orders as China Boosts Automobile Exports China's auto exports rose 57.4% year-on-year to 5.22 million units in 2023, according to the General Administration of Maritime Affairs.
U.S. to Add 7,500 EV Charging Stations with $623 Million Investment The US will invest $623 million to add 7,500 electric vehicle charging stations, part of President Biden's infrastructure plan.
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