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Kelley Blue Book: New-vehicle prices hit record high in November; average new EV price $65,041

Green Car Congress

According to data released by Kelley Blue Book, a Cox Automotive company, the average transaction price (ATP) for a new vehicle in the United States in November 2022 hit a new record high of $48,681. Porsche and Land Rover showed the most price strength in the luxury market, transacting between 2% to 6.4%

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Porsche Casts Doubt Upon Combustion Ban Timeline

The Truth About Cars

.& With this in mind, Porsche’s CFO was recently quoted as saying European combustion bans will probably need to be delayed and there’s good reason to believe him.& However, Porsche Chief Financial Officer Lutz Meschke was quoted by Automotive News on Thursday casting some doubts.& In 2022, the EU estimated that 21.6-percent

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Former Porsche U.S. govern government stated to be leaping to Rivian

Baua Electric

Its book had reduce 93 p.c The Amazon-backed automaker builds 3 cars in Standard, Sick., — an electrical supply van, a pickup and a crossover — and it’s running on its nearest automobile platform, R2, designed for more cost effective fashions. ” The post Former Porsche U.S. Rivian posted a $1.35

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Smartphone builder Xiaomi rolls 10,000 units of its flagship SU7 off assembly line in just 32 days

Baua Electric

We got our first glimpse of Xiaomi’s first model – the SU7 in November 2023, and a month later, it officially launched the BEV as a challenger to Porsche and, of course, Tesla. To keep up with this growing order book, Xiaomi is ramping up BEV production with hopes of delivering 100,000 SU7 EVs this year.

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Report: Vehicle Supplies Are Climbing Back Up

The Truth About Cars

Vehicle pricing also dropped slightly, though presumably not enough to send anyone running out the door to buy a new automobile due to how outrageously high they’ve been over the last several years. It was followed by Honda, Lexus, Mazda, Land Rover, Cadillac, Kia, Porsche, Subaru and BMW. percent] of ATP, up from 5.5

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How e-fuel may just lengthen the pace of ICE cars within the electrical life

Baua Electric

Bentley CEO Adrian Hallmark informed Britain’s Autocar book that proceed growing e-fuels is thrilling, however that it gained’t trade the logo’s plans to exchange interior combustion engines. ” Porsche, at the alternative hand, invested $75 million in an organization that produces e-fuels in Chile. .

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Volkswagen Group and ride-hailing provider Gett to expand on-demand mobility solutions & activities in Europe

Green Car Congress

Chairman of the Board of Management Matthias Müller stressed the importance of the new strategic partnership, stating that ride hailing will be at the center of the Group’s new mobility on-demand business, which the company is building up as the second pillar alongside the classic automobile business.

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