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

Green Car Congress

Daimler AG and Zhejiang Geely Holding Group , the German and Chinese automotive groups, have formed a 50-50 globally focused joint venture to own, operate and further develop smart, the pioneer of small urban vehicles, as a leader in premium-electrified vehicles. The joint venture is expected to be finalized by the end of 2019.

Global 259
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JATO: global vehicle sales fall by 39% in March; electrified vehicles up to 17.4% new registration market share in Europe

Green Car Congress

The outbreak of COVID-19 has already impacted the automotive industry significantly, according to JATO Dynamics, a leading provider of global automotive data and insight. Global vehicle sales totalled 5.55 million units in March 2020, down by 39% from March 2019. —Felipe Munoz, JATO’s global analyst.

Europe 261
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Honda Speaks About Near Future, EV Plans

The Truth About Cars

Of course, corporations are going to put their best foot forward in these types of media briefs, so you can take things with a grain of salt (or maybe Jimmy Buffett's lost shaker), but here are the highlights: As of the end of the 2023 fiscal year that ended on March 31, Honda has cut fixed costs by more than 10 percent since fiscal year 2019.

Honda 52
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Seres 3: Why this Chinese SUV is the worst EV I’ve driven

EV Central

Seres is a subsidiary of Chinese auto giant Dongfeng, and the Seres 3 has sold in China as the Fengon E3 since 2019. Seres’ global website says the company was founded in 2016 in Silicon Valley and launched its first car in China in 2018. But if the brand survives in France for that amount of time is another matter.

Chinese 92
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As Electric Car Makers Ante Up Billions, Software Is Ace in the Hole

Cars That Think

In early 2019, Reuters estimated that the top 29 global auto manufacturers had already pledged to invest more than $300 billion towards developing electric vehicles (EVs) and supporting technologies including autonomous driving capability. Yet, even with the global EV market share projected to grow from only about 2.6

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Convincing Consumers To Buy EVs

Cars That Think

One Bloomberg study found 341 miles was the average range desired, while Deloitte Consulting’s 2022 Global Automotive Consumer Study found US consumers want to be able to travel 518 miles on a fully charged battery in a BEV that costs $50,000 or less. Even in the Chinese market where smaller EV sales are booming, profits are not.

Buy 87
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Tesla Q1 2024 Earnings Call Transcript: April 23, 2024

Teslarati

As people have seen the EV adoption rate globally is under pressure and a lot of other auto manufacturers are pulling back on EVs and pursuing plugin hybrids instead. Lastly, we’d like to thank our customers globally for their trust in Tesla as a partner for these incredible projects. Elon Musk: Thanks, Martin.

Tesla 79