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BYD to Chinese Auto Industry: "Demolish the Old Legends" in the EV Race

The Truth About Cars

Though enormous, BYD isn’t satisfied with dominating its home market and wants the rest of the Chinese electric auto industry to come with it. Though it’s behind Tesla in global sales, BYD is king in China. The Chinese giant is one of the world’s busiest EV automakers, with almost 1.9 million units manufactured in 2022.

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Hyundai surpassed Volkswagen Group’s operating profit

Teslarati

As of the first quarter, Hyundai has the second-highest operating profit in the global automotive industry. Toyota Group remains the global auto industry leader, with an operating profit of $7.15 Toyota Group remains the global auto industry leader, with an operating profit of $7.15

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GM’s rosy year-end figures obscure the fact that legacy automakers are in deep trouble – Charged EVs

Baua Electric

Duplicitous doublespeak has become de rigueur dialect in the auto industry. “We We strongly believe in EVs,” say auto dealers as they support efforts to slow the EV transition. The latest example of Orwellian Newspeak comes from GM, which touted “another year of firsts” in its US Q4 and Full-Year Sales report.

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Hyundai announces new Hail Mary EV production goal

Teslarati

Hyundai has announced it aims to become a top three global automaker by 2030, primarily through the production of electric vehicles. Hyundai and its subsidiary brands Kia and Genesis are top contenders in EV sales in many parts of the world, including in the United States, where the group has consistently ranked as a top three EV seller.

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KPMG survey finds global auto execs ranking fuel efficiency the top consumer priority

Green Car Congress

Fuel efficiency, safety innovation, and vehicle styling will be the three most important product issues influencing automotive consumer purchase decisions over the next five years, indicating a perceived shift in buying priorities, according to the 12 th annual global automotive survey conducted by KPMG LLP. Investments.

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Auto Alliance urges EPA to withdraw premature Final Determination on light-duty GHG regulations, resume Midterm Evaluation process with NHTSA

Green Car Congress

This request by the Alliance echoes a similar, earlier request by Global Automakers, the trade association representing the US divisions of 12 international automakers (Aston Martin, Ferrari, Honda, Hyundai, Isuzu, Kia, Maserati, McLaren, Nissan, Subaru, Suzuki and Toyota). Earlier post.).

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EVs dominated the UK car market in December

Push EVs

The UK’s auto market saw plugin electric vehicles take 39.4% share of new sales in December, a new record, up from 33.2% Overall auto volumes were up 18% year on year in December, but still down compared to pre-2020 norms. In terms of volumes , December saw BEVs grow 1.53x from a year ago, to 42,284 sales. year on year.

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