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 the month. This October, a number of new pure electric models drove the strongest growth so far this year, with pure electric car sales achieving a record increase of 24.5% and taking a 20.7% share of the car market for the month. So far this […]
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 last year. FF said it continued to achieve significant results in controlling costs and reducing operating expenses. As of September 30, 2024, FF had assets of $449 million and liabilities of $292.3 million, with a book value of $156.7 million. FF considers the […]
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 to reconsider the policy. The EU has previously passed a law banning the sale of new cars that emit CO2 from 2035, effectively outlawing diesel and gasoline new cars. Stricter EU limits on CO2 emissions from carmakers’ fleets will also come into effect next year. […]
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 response to disappointing sales figures for electric vehicles across the industry, which have failed to meet expectations. During a virtual press conference on November 7, Bentley Chairman and CEO Frank-Steffen Walliser shared that the company is extending its “Beyond100” strategy, originally set for completion in 2030, to 2035. As part of this update, the initiative […]
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 them to charge their vehicles at Tesla Supercharger stations and other stations compatible with the North American Charging Standard (NACS). This move marks a significant step forward for Volvo in the electric vehicle sector, addressing consumer concerns about charging infrastructure in North America. While the adoption of electric vehicles has grown, limited access to charging […]
On November 6, Toyota announced that its second fiscal quarter (July to September) net sales of 11.4 trillion yen, basically unchanged from the same period last year; operating profit of 1.16 trillion yen, a year-on-year drop of 19.4%, lower than the same period last year of 1.44 trillion yen, but also lower than analysts’ average estimate of 1.25 trillion yen; net profit of 573.7 billion yen, compared to the same period a year ago 128 million yen almost cut, down 55%. In the first half of the fiscal year (April-September this year), Toyota’s revenue rose 5.9% year-on-year to […]