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BYD to Chinese Auto Industry: "Demolish the Old Legends" in the EV Race

The Truth About Cars

million units manufactured in 2022. Though enormous, BYD isn’t satisfied with dominating its home market and wants the rest of the Chinese electric auto industry to come with it. It’s unclear if BYD and others will be able to make inroads in the United States.

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Renault CEO calls for Auto European plan to protect against ‘onslaught of EVs from China’

Teslarati

Renault CEO Luca de Meo released a 19-page open letter to Europe describing an auto European plan to protect against the ‘onslaught of electric vehicles (EV)’ coming from China.” Meo stated that the center of the global automotive market has gravitated toward Asia. Tesla also has ties to China through Gigafactory Shanghai.

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LG Energy Solutions & Hyundai team up for battery plant in the United States

Teslarati

LG Energy Solutions (LGES) and Hyundai teamed up to build a battery cell manufacturing plant in the United States. Hyundai Motor Group is focusing on its electrification efforts to secure a leadership position in the global auto industry. Each company holds a 50% stake in the joint venture for the U.S.-based

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Here’s how many EV chargers the US has – and how many it needs

Electrek

There are currently more than 160,000 EV chargers in the United States. Here’s how many the auto industry data analysts at S&P Global Mobility think the country will need to install by 2030. The post Here’s how many EV chargers the US has – and how many it needs appeared first on Electrek.

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GM’s Tesla NACS support spells trouble for Electrify America [Opinion]

Teslarati

With two out of three of the United States’ top legacy automakers supporting Tesla’s NACS, Electrify America’s position in the EV charging space is precarious at best. In comparison, Electrify America has 3,503 fast chargers and 116 Level 2 chargers in the United States.

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Hyundai surpassed Volkswagen Group’s operating profit

Teslarati

Toyota Group remains the global auto industry leader, with an operating profit of $7.15 In 2023, Hyundai and Kia EVs were the second-best-selling cars in the United States after Tesla. In Q1 2024, Hyundai Motor Group reported an operating profit of $5.09 Meanwhile, the German automaker reported an operating profit of $4.94

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Hyundai seeks to restore market share in China with new EV brand

Teslarati

The company’s latest plans seem to be part of its plan to launch five new EV models in China over the next three years. of company’s overall revenue in 2023 The Chinese auto industry will closely watch Hyundai’s project with BAIC. million units. Tesla China accounted for 22.5%

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