Recently, the Zero Emission Transportation Association (ZETA) of the United States publicly urged former US President Donald Trump to continue to retain the existing electric vehicle (EV) tax credit policy in the event of his possible re-election. The association represents several industry giants, including electric vehicle and battery manufacturers such as Tesla, Rivian, Uber, Lucid, and Panasonic. The association warned that if the Trump administration cancels or cuts the tax credit policy for electric vehicle sales and production, it will have a serious negative impact on the US electric vehicle industry and overall economic development. At present, the US federal government encourages consumers to buy electric vehicles by providing […]
According to Bloomberg, the market is currently concerned about Nissan Motor Co., which is increasing, because the company has one year to solve its financial issues, and will then usher in a record -record bond. Nissan will have a debt of about $ 1.6 billion next year, a slight decrease from this year, but by 2026, its debt will surge to about $ 5.6 billion, which is the highest value of Bloomberg’s assembly data since 1996. Nissan car expired in 2026 includes yen, dollar and euro debt. As the cost […]
Due to the slowdown in demand for electric vehicles (EVs) in Europe, Ford Motor announced plans to adjust the production schedule of its Cologne plant in Germany to meet the challenges of the current market environment. According to the latest news, Ford will implement a shift system of working one week on and taking one week off to reduce the risk of overproduction and ease the growing inventory pressure. In recent years, with the rapid growth of demand for electric vehicles in the European market, Ford’s electric vehicle production plant in Cologne, Germany has ushered in new development opportunities. However, in recent months, electric vehicle sales in the European market […]
In response to the challenge of declining sales in the European market, Tesla announced the re-launch of free Supercharging service and offered consumers substantial discounts. This move is aimed at boosting its sales in the European market, especially in the face of unsatisfactory sales performance so far this year, Tesla strives to achieve a record global delivery target in the fourth quarter. According to the latest data released by EU-EVs, Tesla’s sales in Europe have declined significantly this year. Compared with the same period last year, Tesla’s car deliveries in Europe have decreased by about 85,000 vehicles, facing multiple challenges such as intensified market competition and volatile consumer demand. This […]
Tesla has announced its sixth recall of the year, this time affecting 2,431 units of its highly anticipated Cybertruck electric pickup. The recall is being issued due to a fault in the vehicle’s drive inverter, which could potentially increase the risk of a crash. The affected vehicles were manufactured between November 6, 2023, and July 30, 2024, and are being recalled in the United States. According to Tesla, the issue is related to a malfunction in the drive inverter, which is responsible for converting DC power to AC power for the motor. If the inverter fails, it could cause a loss of power to the vehicle, possibly resulting in […]
German automotive giant Porsche SE announced its financial results for the first nine months of 2024, revealing a significant decline in net profit. The company reported a 33% drop in after-tax earnings, which fell to €2.5 billion, largely due to the performance of its investments in Porsche and Volkswagen. According to the report, the decline in profits was primarily due to underperformance in the returns from its investments in the two automotive brands, especially in light of global market uncertainties and fierce competition. Despite the setback, Porsche SE expressed cautious optimism for the future and reaffirmed its commitment to supporting Volkswagen’s ongoing cost-reduction initiatives, expecting that the German carmaker […]