HYBE Becomes the First Korean Entertainment Company to Cross 2 Trillion Won Annual Sales ThresholdHYBE has become the first Korean entertainment company to reach a yearly consolidated sales of 2 trillion won. HYBE officially announced on the 26th that its annual consolidated revenue last year increased by 22.6% from the previous year, recording 2.1781 trillion won. Business profit rose by 24.9% from the previous year to 295.8 billion won, […]
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...
Mercedes Delays Electrification Goals To 2030, Commits to Combustion EnginesMercedes 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 […]
Tesla Loses Crown: BYD Overtakes as Global Electric Vehicle Sales LeaderOn 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 […]
Kia Pulls the Plug on K5 Sales in Canada Amid Declining DemandLast year, sales of 874 units decreased by 6.43% compared to the previous yearSales volume is significantly lower than local competitors in the same segment Kia is ceasing the sale of the mid-sized sedan K5 in the Canadian market. This decision is attributed to the rapidly declining local demand, which has reduced annual sales volume. […]
China Sustains Electric Vehicle Sales Growth Even in January In China, sales of electric vehicles have continued to grow this year. Deliveries increased in January, a month when demand is typically low, and the first quarter is usually characterized by weak sales in January and February, especially during the Chinese New Year....
China Predicts Global Electric Vehicle Sales to Reach 20 Million Units in 2024 China EV100, a think tank for the Chinese electric vehicle industry, has predicted that global electric vehicle sales will exceed 20 million units in 2024...
Elon Musk Warns of Chinese Car Dominance in the Global Market Tesla's Elon Musk at last week's earnings call, "Chinese automakers are the most competitive automakers in the world.
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...
Chinese Automakers Could Outperform Global Rivals, Says Elon Musk AsiaToday Reporter Lee Jang-won = Tesla CEO Elon Musk warned on Sept. 24 (local time) that Chinese automakers will take down most other automakers in the world if there are no trade barriers...
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.
Hyundai-Kia Motors Sets New Monthly Sales Record in USA Last year, 165,200 units were sold in the United States... Eco-friendly cars, Genesis, and RVs led the sales expansion Eco-friendly car sales also reached 278,000 units 'the largest ever'... This year, the company aims to sell 1 million eco-friendly cars Hyundai and Kia achieved an all-time sales record in the United States last year.
Rolls-Royce Achieves Record-Breaking Year with 6,032 Cars Sold in 2023Rolls-Royce Motor Cars achieved record-breaking sales in 2023, driven by strong demand, including for their first pure electric model.
Apple iPhone sales in China fall 30% in first week of 2024 U.S. investment bank Jefferies estimates iPhone 15 hit by Huawei's return to the market "Slump last year, double-digit decline expected this year" U.S. investment bank Jefferies has pointed to Apple's poor sales of iPhones in China last year and said it expects the slump to deepen this year.
Disappointing 2023 for GM's EVs, Share Slips to 3.1% Q4GM's Q4 2023 electric vehicle (EV) sales in the U.S. make up just 3.1% of total sales, falling short of expectations.
Audi's U.S. Sales Soar: Electric Cars Lead the Charge with 55% RiseAudi reports a 22% increase in 2023 U.S. car sales, with 25,000 units of battery electric vehicles, indicating a growing market.
Tesla: 1.8 Million Cars Sold in 2023 Tesla's Q4 2023 sales increased 19.55% year-over-year to 484,507 vehicles. Model 3 and Model Y sales totaled 461,538 units in the quarter, slightly below market expectations...
China's Film Industry Sees Impressive Recovery, Hits $7.7 Billion Box OfficeChinese film market rebounds strongly in 2023, with domestic films leading the way, generating $8.6 billion in box office revenue.
Apple Watch 9 Sales Stopped in the US Over Patent Infringement DisputeApple halts sales of Apple Watch Series 9 and Apple Watch Ultra 2 in the U.S. due to patent infringement allegations.
Americans Go Wild with $9.8 Billion Online Shopping Spree on Black FridayU.S. Black Friday online sales surge to record levels, marking a positive sign for the retail industry's recovery.
HYBE Becomes the First Korean Entertainment Company to Cross 2 Trillion Won Annual Sales Threshold HYBE has become the first Korean entertainment company to reach a yearly consolidated sales of 2 trillion won. HYBE officially announced on the 26th that its annual consolidated revenue last year increased by 22.6% from the previous year, recording 2.1781 trillion won. Business profit rose by 24.9% from the previous year to 295.8 billion won, […]
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...
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 […]
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 […]
Kia Pulls the Plug on K5 Sales in Canada Amid Declining Demand Last year, sales of 874 units decreased by 6.43% compared to the previous yearSales volume is significantly lower than local competitors in the same segment Kia is ceasing the sale of the mid-sized sedan K5 in the Canadian market. This decision is attributed to the rapidly declining local demand, which has reduced annual sales volume. […]
China Sustains Electric Vehicle Sales Growth Even in January In China, sales of electric vehicles have continued to grow this year. Deliveries increased in January, a month when demand is typically low, and the first quarter is usually characterized by weak sales in January and February, especially during the Chinese New Year....
China Predicts Global Electric Vehicle Sales to Reach 20 Million Units in 2024 China EV100, a think tank for the Chinese electric vehicle industry, has predicted that global electric vehicle sales will exceed 20 million units in 2024...
Elon Musk Warns of Chinese Car Dominance in the Global Market Tesla's Elon Musk at last week's earnings call, "Chinese automakers are the most competitive automakers in the world.
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...
Chinese Automakers Could Outperform Global Rivals, Says Elon Musk AsiaToday Reporter Lee Jang-won = Tesla CEO Elon Musk warned on Sept. 24 (local time) that Chinese automakers will take down most other automakers in the world if there are no trade barriers...
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.
Hyundai-Kia Motors Sets New Monthly Sales Record in USA Last year, 165,200 units were sold in the United States... Eco-friendly cars, Genesis, and RVs led the sales expansion Eco-friendly car sales also reached 278,000 units 'the largest ever'... This year, the company aims to sell 1 million eco-friendly cars Hyundai and Kia achieved an all-time sales record in the United States last year.
Rolls-Royce Achieves Record-Breaking Year with 6,032 Cars Sold in 2023 Rolls-Royce Motor Cars achieved record-breaking sales in 2023, driven by strong demand, including for their first pure electric model.
Apple iPhone sales in China fall 30% in first week of 2024 U.S. investment bank Jefferies estimates iPhone 15 hit by Huawei's return to the market "Slump last year, double-digit decline expected this year" U.S. investment bank Jefferies has pointed to Apple's poor sales of iPhones in China last year and said it expects the slump to deepen this year.
Disappointing 2023 for GM's EVs, Share Slips to 3.1% Q4 GM's Q4 2023 electric vehicle (EV) sales in the U.S. make up just 3.1% of total sales, falling short of expectations.
Audi's U.S. Sales Soar: Electric Cars Lead the Charge with 55% Rise Audi reports a 22% increase in 2023 U.S. car sales, with 25,000 units of battery electric vehicles, indicating a growing market.
Tesla: 1.8 Million Cars Sold in 2023 Tesla's Q4 2023 sales increased 19.55% year-over-year to 484,507 vehicles. Model 3 and Model Y sales totaled 461,538 units in the quarter, slightly below market expectations...
China's Film Industry Sees Impressive Recovery, Hits $7.7 Billion Box Office Chinese film market rebounds strongly in 2023, with domestic films leading the way, generating $8.6 billion in box office revenue.
Apple Watch 9 Sales Stopped in the US Over Patent Infringement Dispute Apple halts sales of Apple Watch Series 9 and Apple Watch Ultra 2 in the U.S. due to patent infringement allegations.
Americans Go Wild with $9.8 Billion Online Shopping Spree on Black Friday U.S. Black Friday online sales surge to record levels, marking a positive sign for the retail industry's recovery.
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