Smart Cars
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…
US Demand for 100 km/h AEB Capability Faces Opposition from Automakers
June 28, 2024 –In a recent development, prominent lobbying groups within the American automotive industry have addressed a joint plea to the National Highway Traffic Safety Administration (NHTSA) and members of Congress, urging a “reconsideration” of the recently imposed Automatic Emergency Braking (AEB) regulations. These organizations argue that the stringent standards set by the government…
BYD Marks Milestone with First Mass-Produced Song PLUS DM-i Champion Edition in Uzbekistan
June 28, 2024 –Nine months after Uzbekistan announced the signing of an investment agreement with BYD for the production of electric and hybrid vehicles and their components on September 26 last year, the Chinese automotive giant has marked a significant achievement. BYD Automobile officially announced that the first batch of its mass-produced new energy vehicles,…