HOLON, a subsidiary of German automotive parts supplier Benteler Group, recently applied to the National Highway Traffic Safety Administration (NHTSA) for an exemption from the US Federal Motor Vehicle Safety Standards (FMVSS). The exemption will allow HOLON to deploy up to 2,500 driverless electric buses in the United States each year, which will not be […]
According to foreign media reports, Nissan Motor announced that due to its consolidated net revenue and global sales decline in the first half of fiscal year 2024, and operating margin of only 0.5%, the company plans to “take urgent measures” to reverse the business model. […]
Toyota Motor Corp.’s chief operating officer for North America, Jack Hollis, criticized U.S. policies that are driving the rapid adoption of electric vehicles, calling them “de facto mandates” that are out of sync with consumer demand, Bloomberg reports. Hollis noted that government support […]
According to Bloomberg, the slowdown in the popularity of electric cars in the United States may be further exacerbated by the fact that the next President of the United States, Donald Trump, has promised to repeal the electric vehicle tax credit. GlobalData, an automotive forecaster, has lowered its […]
New car registrations in the UK fell 6% year-on-year to 144,288 in October this year, the second decline this year, according to the Society of Motor Manufacturers and Traders (SMMT), Reuters reported recently.The SMMT said registrations for all power types, except for purely electric vehicles, fell in […]
On November 7, Faraday Future (FF), a global shared smart electric mobility ecosystem company, announced its financial results for the third quarter of 2024. Among the results, operating expenses fell 92.6% year-over-year to $3.8 million; operating loss decreased to $25.2 million from $66.4 million in the same period […]