Smart Cars
European EV Market Outlook Worsens, Says Automotive Industry Body
November 14, 2024 – The European Automobile Manufacturers’ Association (ACEA) significantly lowered its prediction for the market share of pure electric vehicles (EVs) in 2025 from 27% to 21%, according to a statement released on the 13th local time, as reported by CCTV News. This adjustment indicates that the European Union faces substantial challenges in…
Ford Scales Back Electric Vehicle Production in Europe Amid Slow Sales
November 14, 2024 – Ford Motor Company has announced a production cutback for its Explorer and Capri electric vehicle (EV) models at its Cologne plant in Germany, citing sluggish market demand. It’s worth noting that both models had just entered production in June and September of this year, respectively. According to a Ford spokesperson, the…
Mazda Confirms Production of Powerful Iconic SP Hybrid Sports Car with Unique Two-Rotor Engine
November 08, 2024 – Automotive publication Autocar reported yesterday (November 7) that Mazda has confirmed the production of its Iconic SP concept sports car. Unveiled at last year’s Tokyo Motor Show, the Iconic SP concept showcased a hybrid powertrain delivering 370 horsepower, along with a design that seamlessly blends retro styling with modern technology, creating…
First Model from Audi-SAIC Collaboration Hits the Market Next Summer
November 08, 2024 – Tonight marks a significant milestone in the automotive industry as Audi, in collaboration with SAIC, officially unveiled its new luxury electric brand, AUDI. Accompanying this announcement was the debut of the brand’s first concept car, the AUDI E concept. According to a report by CaiLian Press, Audi’s global CEO, Gernot Dllner,…
Tesla Raises Wages by 4% for All Employees at German Gigafactory
November 06, 2024 – Tesla announced on Tuesday that it has increased the wages of all employees at its Gruenheide Gigafactory in Germany by 4% since the beginning of November. A month ago, the company stated that it would be offering permanent positions to 500 temporary workers at the factory starting November 1st. Tesla clarified…
GM Claims Second Spot in US EV Sales, Ford Challenges the Ranking
November 05, 2024 – General Motors has announced that it sold 32,000 electric vehicles in the third quarter of this year, securing the second spot in the US electric vehicle sales rankings. The sold vehicles include models such as the Chevrolet Silverado, Blazer, and Equinox EV, along with the GMC Hummer EV and Cadillac Lyriq….
BYD Hits Milestone: 150th Pure Electric Bus Rolls Out in Germany, Surpassing 400 Total Sales
November 04, 2024 – On November 1st, BYD Commercial Vehicles officially announced the completion of the 150th pure electric bus for the German market, marking a significant milestone in the company’s expansion into Europe. To date, BYD has sold over 400 electric buses in Germany, highlighting the growing demand for sustainable transportation solutions in the…
Tesla’s ‘Cowboy Project’ Revealed: Pushing the Boundaries of Autonomous Driving Technology
November 02, 2024 – According to a report published by Business Insider on October 31st, Tesla has formed a specialized internal testing team, dubbed “Project Rodeo,” to facilitate the rollout of its autonomous driving technology. The media outlet gained insight into the project through interviews with nine current and former “Project Rodeo” testers, as well…
BYD SHARK 6 Electric Pickup Makes a Splash in Southeast Asia, Debuts in Cambodia
October 29, 2024 – On October 26th, BYD held the launch event for its new electric pickup, the BYD SHARK 6, in Cambodia. The company also introduced its DM technology, which stands for plug-in hybrid technology, marking a significant milestone in the automotive industry’s shift towards sustainable mobility. According to reports, BYD had initially unveiled…
WeRide Makes Nasdaq Debut as Global Leader in General-Purpose Autonomous Driving
October 26, 2024 – WeRide, a leading autonomous driving company, made its debut on the Nasdaq Stock Exchange on October 25th (EST) with the stock code “WRD”, marking it as the first publicly listed global general-purpose autonomous driving company and the inaugural publicly listed Robotaxi firm. The company priced its initial public offering at 15.5perAmericanDepositaryShare(ADS).Assumingfullexerciseoftheunderwriters′over−allotmentoption,WeRidewillhavepubliclyissuedatotalof8,903,760ADSs.Coupledwithapreviouslydisclosedconcurrentprivateplacementof320…