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Kia suddenly shifts to hybrids, affordable EVs amid ‘waning global demand’

Baua Electric

To boost sales and fend off low-cost Chinese rivals, Kia will introduce a new lineup of affordable EVs in addition to hybrids starting this year. After global sales slipped 2% last month, Kia is shaking things up with a new mid-to-long-term business plan. It plans to boost demand by launching a series of new affordable EVs.

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Kia suddenly shifts to hybrids, affordable EVs amid waning global demand

Baua Electric

To boost sales and fend off low-cost Chinese rivals, Kia will introduce a new lineup of affordable EVs in addition to hybrids starting this year. After global sales slipped 2% last month, Kia is shaking things up with a new mid-to-long-term business plan. It plans to boost demand by launching a series of new affordable EVs.

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Honda reveals styling of new Prologue battery-electric SUV; new CR-V hybrid to be gateway vehicle

Green Car Congress

—Gary Robinson, vice president, automobile planning and strategy at American Honda. Honda will introduce 30 new EVs globally by 2030, with a global sales volume of 2 million units. 2027: Begin sales of a new series of affordable EVs co-developed with GM, also produced by Honda in North America.

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Tesla Model Y overtakes Model 3 in April Global EV sales, Model 3 #1 in 2021

Teslarati

The Tesla Model Y crossover has overtaken its sibling vehicle in the Tesla Model 3 in April’s global electric vehicle sales figures, new data shows. In April, around 392,000 electric vehicles were registered globally, making it the fourth-best month in the history of electrification. What do you think?

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Honda to invest $40B over 10 years in electrification and software; launching 30 EV models by 2030; > 2M units p.a.

Green Car Congress

In a press briefing held in Tokyo on its initiatives in automobile electrification, Honda announced that it will spend approximately ¥5 trillion (US$40 billion) in the area of electrification and software technologies to further accelerate its electrification over the next 10 years, including both R&D expenses (¥3.5 trillion / US$12 billion).

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National Electric Vehicle Sweden AB acquires assets of Saab Automobile to create new EV company; first model based on 9-3 due year-end 2013/2014

Green Car Congress

National Electric Vehicle Sweden AB (NEVS)—an international consortium formed by Chinese, Japanese and Swedish stakeholders—and the Receivers of the Saab Automobile bankruptcy estate ( earlier post) signed a purchase agreement covering the main assets of Saab Automobile AB, Saab Automobile Powertrain AB and Saab Automobile Tools AB.

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SAFE Report: electricity shortfalls impede IRA’s materials production goals

Green Car Congress

However, the series of bills do not address the main obstacle to producing primary aluminum: access to ample supplies of affordable energy, the report says. The SAFE “ Legislative Analysis for the U.S. The IIJA funds $73 billion for aluminum-heavy electric infrastructure and $5 billion for a nationwide network of EV charging stations.