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Auto Report: Shhh! Don’t say that ‘R’ agreement!

Baua Electric

In China, BYD boosted gross sales by means of 14 % in Would possibly in comparison to April, in keeping with initial figures from the China Passenger Automotive Affiliation. 4 % hour over hour development reported for Tesla on the earth’s greatest automobile marketplace. gross sales, as reported by means of Automobile Information.

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Lucid Q1 losses widen to $779M amid EV value cuts

Baua Electric

million, in comparison with $604.6 CEO Peter Rawlinson stated in a remark on Monday the corporate used to be heading in the right direction to make over 10,000 automobiles in 2023, in comparison with an previous forecast for 10,000 to fourteen,000 devices this past. million, a past previous.

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Europe’s biggest EV market is about to hit a perfect storm of problems

Baua Electric

Germany is Europe’s biggest auto market, and it’s been one of the main drivers of EV growth. Germany’s VDA, an interest group for the country’s automobile industry, says that battery-powered vehicles are likely to see a decline from 524,000 units last year – more than any other European market – to 451,000 units this year.

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IHS: average age of vehicles on the road in US steady at 11.4 years; scrappage rate declining

Green Car Congress

We attribute this to a number of factors, including the economy and the increasing quality of today’s automobiles. Looking ahead, IHS forecasts that average age of vehicles is likely to remain at 11.4 In comparison, a record high of more than 14 million vehicles were scrapped in 2012. years through 2015, then rise to 11.5

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August gross sales surge 18% as trade rebounds, choices up steam ill homestretch

Baua Electric

in line with cent in comparison to the similar life endmost yr, in step with DesRosiers Car Specialists Inc. Automakers offered an estimated 149,697 automobiles endmost hour, the company stated. in line with cent upper than the 146,925 automobiles automakers offered in August 2021, however nonetheless ill 17.7

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Stellantis slams Italy for not backing EVs, putting Fiat at risk

Baua Electric

For comparison, the German government has spent a total of €9.5 Fiat, for its part, had a rough year producing 77,000 500e cars against the more than 90,000 forecast at the beginning of 2023. FTC: We use income earning auto affiliate links. And Tavares said that’s just not going to cut it. million electric vehicles.

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U.S. Metal forges forward on greener, lighter metal as aluminum festival heats up

Baua Electric

An April learn about of automakers and Tier 1 providers commissioned through advisor company Ducker Carlisle discovered that aluminum is anticipated to account for roughly 556 kilos in keeping with automobile in North The us through 2030, in comparison with 459 kilos in 2020 and 340 kilos in 2010. “Now is the time to engage. .