Smart Cars
Tesla Cybertruck Disappoints: Annual Deliveries Miss Mark at Under 50K
January 6, 2025 – Tesla’s Cybertruck deliveries have significantly missed expectations, with reports indicating that fourth-quarter deliveries may range between just 9,000 to 12,000 units. This figure stands in stark contrast to The Verge’s estimate of an annual delivery range of 35,000 to 50,000 vehicles, and is even further from the over one million pre-orders…
2024 Marks Historic High for Korean NEV Sales: Five Top Carmakers Report 11.1% Increase to 450,000 Units
January 6, 2025 – According to sales figures released today by the top five Korean automakers (Hyundai, Kia, GM Korea, Renault Korea, and KGM), new energy vehicle (NEV) sales in Korea reached a record high of 450,000 units last year, representing a year-on-year growth of 11.1%. NEVs include hybrid electric vehicles (HEVs), battery electric vehicles…
Ford Mustang Mach-E Outpaces Its Gas-Powered Counterpart for the First Time
January 6, 2025 – As the Dodge Challenger and Chevrolet Camaro bowed out of production, the Ford Mustang emerged as the sole representative of the American muscle car segment. However, this unopposed market position did not translate into sales growth for the iconic pony car. Instead, the Mustang suffered its worst sales performance in history…
Pure Electric Vehicles Dominate Norwegian Car Sales in 2024, with Chinese Brands Holding Strong
January 3, 2025 – According to a report by Reuters, Norway has made significant progress in its transition to electric vehicles, with pure electric cars accounting for nine out of ten new car sales last year. The latest registration data indicates that this trend is bringing Norway closer to its goal of a complete shift…
Tesla Loses $78.8 Billion in Market Value After First Sales Dip in a Decade
January 3, 2025 – Tesla has recently released its 2024 fourth-quarter delivery figures, revealing a total of 178.92 million vehicles delivered for the year. This marks the first decline in the company’s annual sales in a decade, triggering a significant drop in its stock price. On January 2nd, local time, Tesla’s stock opened lower and…
Utilization Rates Plummet for Korea’s Top Battery Makers Amid EV Demand Drop
January 2, 2025 – According to a report published today by Business Korea, the utilization rates of factories belonging to LG Energy Solution, Samsung SDI, and SK On – the three major Korean battery companies – have significantly declined due to the global slump in demand for electric vehicles (EVs). This downturn has prompted these…
Volocopter, Backed by Mercedes and Geely, Files for Insolvency Protection
December 31, 2024 – Volocopter, the German electric air taxi company, has filed for insolvency protection, joining a list of similar startups struggling with financial difficulties. The company intends to continue operations while seeking new investors. In a statement, Volocopter’s CEO Dirk Hoke said, “We have been ahead of our industry peers in terms of…
Waymo’s Self-Driving Cars: Proven Safer Than Human Drivers
December 20, 2024 – According to a report published today by Engadget, Waymo, a leading company in autonomous driving, has collaborated with Swiss Re, a renowned reinsurance company, on a study that reveals Waymo’s self-driving cars result in fewer insurance claims compared to human-driven vehicles. The study conducted by Swiss Re analyzed collision liability claims…
Honda to Showcase Two Zero Series Prototypes and New OS at CES 2025
December 19, 2024 – Honda has announced today that it will officially unveil two Honda Zero series prototypes at the upcoming Consumer Electronics Show (CES) in Las Vegas next January. Additionally, the company plans to showcase its newly developed proprietary operating system tailored for its global electric vehicle lineup. Honda introduced the Honda Zero series…
Stellantis to Produce New Model in Italy, While Pure Electric Vehicle Output Remains Limited
December 18, 2024 – According to a recent report by Reuters, Stellantis has allocated a new mass-market vehicle model to one of its Italian factories, as outlined in a long-term production plan submitted to the Italian government this week. Sources indicate that the new model could be manufactured at either the Pomigliano d’Arco plant, located…