article thumbnail

Auto parts seller LKQ cuts 2024 sales forecast as warm weather slows demand – ET Auto

Baua Electric

Auto parts distributor LKQ cut its full-year sales forecast on Tuesday and missed estimates for first-quarter profit amid falling metal prices and softening demand for spares in North America. It now expects to report organic revenue growth for parts and services between 2.5% for 2024, down from its prior guidance of 3.5% to USD4.20

Auto 52
article thumbnail

2023 EV registrations in Europe surpass two million units, setting new record – Charged EVs

Baua Electric

In 2023, Europe’s auto market achieved its best sales since the pandemic, spurred partly by strong demand for EVs. However, market share also grew in emerging EV markets including Slovenia (which saw an increase from 5% in 2022 to 9% in 2023), Estonia (3.4% Battery EVs set a new record, selling over two million units and taking 15.7%

Europe 52
article thumbnail

Daimler and Geely Holding form global JV for smart; new generation of electric models

Green Car Congress

Geely board representatives will include Geely Holding Chairman Li Shufu; Geely Holding President, Geely Auto Group President and CEO An Conghui; and Geely Holding Executive Vice President and CFO Daniel Donghui Li. Financial terms of the smart joint venture have not been disclosed.

Global 259
article thumbnail

Renault-Nissan and Daimler Announce Strategic Cooperation; Equity Exchanges, Common Small Vehicle Platform, Powertrains and Light Commercial Vehicles

Green Car Congress

The Renault-Nissan Alliance knows how to work successfully in collaborative partnerships, and this experience is extremely valuable in today’s and even more tomorrow’s global auto industry. The companies have also agreed on a close cooperation in the light commercial vehicle segment. Collaboration on light commercial vehicles.

Nissan 210
article thumbnail

SAIC showcases battery-electric Maxus EV80 van range at IAA

Green Car Congress

A 10-inch infotainment screen is an optional extra, which includes the latest Apple CarPlay and Android Auto connectivity applications. This benefit is delivered through LeasePlan’s partnership with Allego, an innovative and independent company that manages user-friendly and future-proof charge points for electric vehicles throughout Europe.

Range 230
article thumbnail

COP26 declaration on accelerating the transition to 100% zero emission cars and vans

Green Car Congress

Signatories by category: Governments: Austria; Azerbaijan; Cambodia; Canada; Cape Verde; Chile; Croatia; Cyprus; Denmark; El Salvador; Finland; Iceland; Ireland; Israel; Lithuania; Luxembourg; Netherlands; New Zealand; Norway; Poland; Slovenia; Sweden; United Kingdom. Unilever; Vattenfall; Zenith; Zurich.

article thumbnail

Micro-components in EVs: small dimensions and tight tolerances (Whitepaper) – Charged EVs

Baua Electric

DOWNLOAD The post Micro-components in EVs: small dimensions and tight tolerances (Whitepaper) – Charged EVs appeared first on Bauaelectric Auto News. I acknowledge that I agree to the Terms of Use and the Privacy Policy. reCAPTCHA If you are human, leave this field blank.