Smart Cars
Nobel Laureate Foresees the Demise of Gas Stations by 2050, Ushering in the Era of Electric Vehicles
July 05, 2024 – Nobel Prize winner in Chemistry, Akira Yoshino, has recently stated that gas stations may cease to exist by 2050. Yoshino, who revolutionized the battery industry by developing the world’s first rechargeable lithium-ion battery prototype in 1983, envisions a future where fossil fuel-powered vehicles are phased out in favor of electric alternatives….
BMW Chairman Criticizes EU Tariffs on Chinese Electric Cars as ‘Dead End’
July 05, 2024 – BMW Chairman and CEO Oliver Zipse has criticized the European Union’s decision to impose a temporary tariff of up to 37.6% on Chinese-made electric vehicles from July 5th. According to Zipse, this measure will not only fail to enhance the competitiveness of the European automotive industry but may actually harm the…
LG Energy and CATL Partner to Provide LFP Batteries for Renault’s Electric Cars
July 02, 2024 – LG Energy Solution (LGES) announced on Tuesday that it has signed an agreement to supply lithium iron phosphate (LFP) batteries to Renault’s electric vehicle subsidiary, Ampere. This marks LGES’s first large-scale supply of LFP batteries. Ampere revealed its intention to incorporate LFP technology into its mass production plans, collaborating with suppliers…
Tesla Drops to Third-Worst in J.D. Power’s US New Car Quality Rankings
June 28, 2024 – The renowned consulting firm J.D. Power has recently released its 2024 Initial Quality Study (IQS) of new vehicles in the United States, providing insights into the quality landscape of the automotive industry. The report places Ram at the top of the list, boasting a Problem Per 100 (PP100) score of just…
China’s Auto Boom: Affordable Excellence Set to Dominate 2030 Market
June 28, 2024 –A recent report by the US-based consulting firm Alix Partners forecasts that Chinese automakers will command a significant 33% share of the global automotive market by 2030. This prediction marks a substantial increase from the current 21% market share, with the bulk of the growth anticipated to originate from markets beyond China’s…
Nearly One-Third of European Consumers Favor Chinese Electric Vehicles in Market Survey
June 28, 2024 – Based on a recent market study conducted by McKinsey, a noteworthy trend has emerged in the European electric vehicle (EV) market, indicating that 27% of EV consumers prefer Chinese brands. While the report did not specify the precise reasons behind this preference, the industry has taken keen notice of this growing…
Toyota Unleashes Four Next-Gen Batteries in Challenge to Chinese New Energy Giants
June 28, 2024 –On the occasion of its Technology Open Day, Toyota Motor Corporation announced the development of four cutting-edge battery technologies, marking a significant stride forward in the electric vehicle (EV) industry. The Japanese automotive giant revealed plans to introduce these advanced batteries in a phased manner, beginning in 2026 and extending through 2028….
Toyota Overseas Sales Hit New Heights, China Market Falls 14%
June 28, 2024 –Despite facing challenges in key markets, Toyota Motor Corporation has announced a modest increase in global sales for the month of May. The Japanese automaker, including its Lexus brand, sold 840,000 vehicles worldwide, marking a slight year-on-year rise. Among these, overseas sales accounted for a significant portion, reaching 738,610 units, representing a…
Boosting Talent Pool: Toyota Considers Weekly 4-Day Schedule
June 28, 2024 –Toyota Motor Corporation is exploring a potential shift in its work culture, considering a four-day workweek for employees as a means to attract top talent, sources have revealed. If negotiations with labor unions are successful, the initiative could be implemented this year. This transformative policy could positively impact Toyota’s human resources strategy,…
Faraday Future Secures Nasdaq Listing Continuation: Must Fulfill Financial Report Submission and Share Price Criteria
June 28, 2024 –In a major development today, Faraday Future (FF) unveiled that it has received notification from Nasdaq, confirming the Hearings Panel’s approval for the company’s continued listing on the prestigious stock exchange. However, this approval is contingent upon FF adhering to strict compliance milestones, setting the stage for a crucial period of financial…