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Tesla direct sales under threat from dealer-backed bills in Florida

Teslarati

Tesla has become intimately familiar with the laws surrounding dealerships and auto sales throughout the United States, often putting the American upstart at odds with local government and dealerships alike. Now, Tesla is again facing threats from legislatures as two new bills could derail the company’s sales system in Florida.

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BYD sets lower sales growth & warns of looming price war

Teslarati

BYD set lower sales growth goals for 2024, warning of a looming price war and overcapacity in Mainland China’s electric vehicle (EV) sector. BYD Chairman and President Wang Chuanfu held an investors conference earlier this week. The post BYD sets lower sales growth & warns of looming price war appeared first on TESLARATI.

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VinFast’s (VFS) global EV dealer network grows following new agreement in Middle East

Baua Electric

Today, VinFast and a local dealer network in the Middle East signed an agreement to bring the former’s EVs to the region. As part of the agreement, BAT will establish and operate 13 VinFast stores and service centers over the next three years, with initial sales in the Middle East commencing in mid-2024.

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Confirmed! China’s Leapmotor to go on-sale in Australia in 2024 with C10 SUV

EV Central

Beyond that it has a variety of existing models it could add here quickly including the Mini-sized T03 electric car that has already been confirmed for European sale. EV Central understands local sales ambitions for the Stellantis-Leapmotor joint-venture – known as Leapmotor International – are significant. Leapmotor C01.

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‘Stop looking FSD and Tesla,’ says Ford CEO

Teslarati

It’s got half a million subscribers with 50% gross margin,” said Farley on Thursday during the Wolfe Research conference. In November 2023, Ford dealers were opting out of the Model e EV certification program. At the time around 400 dealers dropped out of the program since the initial enrollment figures were shared.

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BYD profits decline 47% quarter-over-quarter in Q1 2024

Teslarati

BYD sets lower sales growth & warns of looming price war BYD delivered approximately 300,114 beds and 324,284 plug-in hybrid cars. In March 2024, BYD set lower sales growth goals for the year. In March 2024, BYD set lower sales growth goals for the year. The Chinese automaker has also had a challenging first quarter.

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UC Davis ITS study suggests hastening consumer adoption of plug-ins will require innovation on the sales side

Green Car Congress

A study by researchers at the Institute of Transportation Studies, UC Davis finds that buyers of plug-in vehicles (PEVs) are substantially less satisfied with the dealer purchase experience than buyers of conventional vehicles—with the notable exception of Tesla buyers. In some cases, dealers outright discouraged PEV purchases.

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