According to foreign media reports, the European Union’s climate commissioner reiterated on Nov. 7 that the EU plans to stop selling cars that contain carbon dioxide emissions by 2035 and tighten carbon dioxide emission limits next year. Previously, some member state governments and automakers pressured the EU […]
November 7, 2024, Crewe, UK – In a significant shift of strategy, luxury automaker Bentley Motors has announced that it will delay its transition to exclusively selling electric vehicles (EVs) by five years. Originally slated to achieve this milestone by 2030, the company now plans to complete the transition by 2035. The delay comes in […]
November 9, 2024, Gothenburg, Sweden – Volvo Cars has announced that starting with the 2025 model year, its new electric SUV, the EX90, along with other EV models such as the EX40 and EC40, will be compatible with Tesla’s Supercharger network in North America. Customers purchasing these vehicles will receive a dedicated adapter that allows […]
On November 6, South Korean Trade Minister Cheong In-kyo said he expects local Korean companies to invest more in the U.S. if the next U.S. administration raises tariffs on imported products. If the U.S. adopts protectionist measures, the South Korean government will engage in trade diplomacy, while individual companies may move faster, Cheong In-kyo said. […]
Electric car manufacturer Lucid Group (NASDAQ: LCID) released an exciting third-quarter financial report, showing that the company’s revenue exceeded Wall Street expectations, thanks to strong market demand for its luxury electric sedans. With the rapid development of the electric vehicle market, Lucid’s performance has attracted great attention from investors, causing its stock price to rise […]
On November 5, Italian luxury automaker Ferrari announced that in the third quarter of this year, its net revenue rose 6.5% year-on-year to 1.644 billion euros; adjusted EBITDA rose 10.3% year-on-year to 467 million U.S. dollars; adjusted EBITDA margin was as high as 28.4%, higher than that of […]