August 7, 2024 – Ford Motor Company has announced a 31% year-over-year increase in its pure electric vehicle (EV) sales in the U.S. for July 2024. This significant growth underscores Ford’s strong performance in the electric vehicle sector and further solidifies its position in the global EV market. According to the data released by Ford, the company achieved a record high in pure electric vehicle sales for July. The surge is attributed to the popularity of several new electric models, including the F-150 Lightning and the Mustang Mach-E. In particular, the F-150 Lightning has been highly sought after since its launch, becoming a key player in the electric truck […]
According to foreign media reports, the Munich research institute Ifo Institute said that due to automakers including Volkswagen Group to reduce the output of high-cost factories, the German automotive industry’s capacity utilization rate has fallen to about 78%, 9 percentage points lower than the long-term average. More than 43 percent of respondents complained of a lack of orders, compared with 29 percent in April this year. On August 5, Ifo announced that business expectations for the German automotive industry slipped from “-9.5 points” in June this year to “-18.3 points” in July this year. Over the past few […]
On August 6, the National Development and Reform Commission (NDRC), the National Energy Administration (NEA), and the National Data Agency (NDA) issued the Action Program for Accelerating the Construction of a New Type of Electricity System (2024-2027) (the “Action Program”). The Action Program puts forward a number of specific initiatives in response to the actual situation of rapid development of electric vehicle charging infrastructure. Among them, the Electric Vehicle Charging Facilities Network Expansion Action is also listed as one of the nine special actions to be focused on in 2024-2027. As China’s new energy vehicle development into […]
August 7, 2024 – Lynk & Co has announced that the highly anticipated 2025 Lynk & Co 08 EM-P will officially launch in August 2024. The new model promises significant configuration upgrades, enhancing its competitiveness in the luxury SUV market. The 2025 Lynk & Co 08 EM-P continues to showcase the brand’s distinctive design language with a more dynamic and streamlined body shape. The front features new LED headlights and a wide air intake grille, giving the vehicle a more striking visual presence. Additionally, the new model offers a range of luxurious body colors and exterior trim options, further elevating its overall aesthetic. In terms of configuration, the […]
According to foreign media reports, Hyundai, Kia, Tata and Mahindra are lobbying India’s most populous state, Uttar Pradesh, not to provide incentives for hybrid cars, saying that such a move would help their rivals, Toyota and Maruti Suzuki, and would also strike a blow to India’s goal of popularizing electric vehicles and its investment Plans. The letters from each of these four car companies to the Indian state of Uttar Pradesh underscore the fierce competition between car companies in the Indian market. Currently, the country’s tax policy is gradually favoring electric vehicles. Last month, the state of Uttar Pradesh, which […]
On August 5, the Society of Motor Manufacturers and Traders (SMMT) lowered its forecast for new car sales in the UK for 2024, citing weak demand in the private retail market for electric vehicles as a primary concern, Reuters reported. According to the SMMT’s latest forecast, new car sales in the UK are expected to come in at 1.97 million this year, down from a previous forecast of 1.98 million, and it has cut its annual market share forecast for purely electric vehicles to 18.5 percent from 19.8 percent previously. The latest registration figures from the SMMT show that last […]