Oslo, Norway – Tesla has announced a significant milestone in Norway, having established over 2,000 charging stations across the country. This development underscores Tesla’s ongoing expansion in the European market and successful implementation of its electric vehicle sales strategy. Norway, known for having one of the highest rates of electric vehicle adoption globally, holds […]
Analysts at JPMorgan Chase & Co. expect BYD to deliver 6 million vehicles globally over the next two years, according to Bloomberg, which raised its price target for BYD shares by more than 80 per cent. Based on data compiled by […]
According to foreign media reports, Mercedes Benz chief technology officer Markus Schaefer said on 8 July that the company will wait and see if demand for electric vehicles will pick up before increasing battery capacity. Mercedes-Benz had said in 2022 that by 2030, the company will […]
Honda Motor said on 9 July that it will stop vehicle production at its Ayutthaya province plant in Thailand by 2025 as the company plans to consolidate its Thai output to its Prachinburi province plant, Reuters reported. Honda’s move underscores the increasingly difficult situation the company […]
South Korea’s auto exports hit a record high in the first half of the year, thanks to climbing sales of high-margin hybrid cars and SUVs, according to Korea JoongAng Daily. According to the Ministry of Industry, Trade and Resources (MITR) and the Korea Trade Association (KITA), […]
Porsche, the renowned German luxury automobile manufacturer, has reported a significant decline in sales in China for the first half of the year. The company’s sales figures show a notable 33% decrease compared to the same period last year. This downturn in Porsche’s performance in the Chinese market comes amidst various challenges faced by the […]