Smart Cars
BYD Officially Enters Korean Passenger Car Market with ATTO 3 Pure Electric SUV
January 16, 2025 – BYD has announced its entry into the Korean market with the launch of its pure electric SUV model, the ATTO 3 (Yuan PLUS), at a media conference held in Jung-gu, Incheon today, according to Yonhap News Agency. The ATTO 3 is now open for reservations and will be delivered to customers…
Sony and Honda’s Joint Venture Sparks Outrage from US Dealers with Its Direct EV Sales Plan
January 14, 2025 – At the 2025 International Consumer Electronics Show (CES), Sony Honda Mobility, a joint venture between Sony and Honda, announced its intention to adopt a direct sales model similar to that of Tesla and Rivian for its upcoming Afeela electric vehicle. This decision, which bypasses the traditional franchised dealer network, has immediately…
VinFast Unveils Four New EV Models, Eyes Taxi and Transportation Services Market
January 14, 2025 – According to a report by Vietnam’s VTC television station, Vietnamese automotive startup VinFast has unveiled four electric vehicle models targeted at taxi companies and other transportation service providers. The range includes a mini-car, a small SUV, a compact SUV, and an MPV. Here’s a roundup of the key specifications for each…
Tesla Investigates as Model S Burns to a Shell During Charging in France
January 8, 2025 – A Tesla electric vehicle caught fire in the small town of Pontarlier, located in the east of France near the Swiss border. The incident occurred on Sunday evening when a Tesla Model S, which was being charged at the town’s Supercharger station, suddenly ignited. The fire department responded promptly and extinguished…
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…