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Magna lags profit estimates, cuts annual sales forecast on supply chain snags – ET Auto

Baua Electric

Auto parts suppliers have been struggling with lower-than-expected demand for their EV components, as carmakers shift their focus toward producing affordable hybrid vehicles instead. Magna, which produces powertrains, along with assembling complete vehicles, signed agreements with Fisker in 2020 to engineer and manufacture its Ocean SUV.

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Genesis unveils next step in performance EVs

Teslarati

Genesis has unveiled the GV80 electric SUV concept, which shows an unusual next step in performance EVs for the brand. With the entrance of its first electric offerings, including the G80 sedan and GV70 SUV , the brand is battling with the best for dominance in the luxury EV market. What do you think of the article?

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Polestar eyeing massive production growth, could hit 50k units this year

Teslarati

Luckily this is just the beginning of the brand’s expansion; Mr. Ingenlath hopes that the company’s new Polestar 3 SUV can be a volume seller in the U.S., Polestar has been in the background of the auto industry, conservatively growing production and sales numbers year over year , and they continue to do so this year.

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Ford patent draws inspiration from the Tesla Model X

Teslarati

Besides Tesla’s evident impact on the auto industry switching to electric vehicles, its other significant contribution is to automotive design. Patent Office earlier this week, the door design is featured on a large SUV with a sizeable and comfortable interior. What do you think of the article?

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Changan's NEV brand Shenlan aims for 200,000 sales this year

CN EV Post

The brand unveiled its first SUV, the Shenlan S7, a similar model to the Tesla Model Y crossover, on March 5, with pricing information yet to be announced. I think the whole industry will be sustainable only if there is a value war," he said. For more articles, please visit CnEVPost.

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Regulatory filing: VW ID.7 coming to China

CN EV Post

6 Crozz, two SUVs with suggested retail prices starting at RMB 217,900 ($31,660) and RMB 258,900, respectively. A month ago, as the price war in China's auto industry intensified, FAW-Volkswagen offered discounts of up to RMB 40,000 on ID. family models, bringing the starting price of the SUV series to as low as RMB 174,900. ($1

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Volvo enters autonomous driving market via company acquisition

Teslarati

While many automakers now view autonomous driving products as the auto industry’s future, recent history has shown that it can be a highly volatile market. ” Most recently, Zenseact worked with Volvo to introduce autonomous driving capabilities to the upcoming Volvo EX90 and Polestar 3 electric SUVs.

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