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STMicro cuts FY revenue outlook as softer car demand weighs – ET Auto

Baua Electric

Weakness in auto and industrial demand have been weighing on the sector, while investors remain cautious amid high interest rates, with escalating tensions in the Middle East increasing fears. million expected by analysts in an LSEG poll. .

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China Car Sales Likely Hit New Record in April

Green Car Congress

Bolstered by government stimulus plans, sales of autos in China likely reached a record high of 1.15 Official figures for vehicle production and sales are scheduled for release next Monday. Sales of China’s Chery, which makes cars with small engine capacities, hit a record high of more than 42,000 units in April.

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Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

Electric car sales in 2023 were 3.5 While sales of electric cars are increasing globally, they remain significantly concentrated in just a few major markets. However, sales remain limited elsewhere, even in countries with developed car markets such as Japan and India. million higher than in 2022, a 35% year-on-year increase.

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Can green cars solve automotive crisis? The Green Piece

Green Cars News

Part of the swing in culture has been a downturn in new car sales. The car maker is rumoured to be in so much trouble that it is considering closing a major auto assembly plant for the first time ever – the New United Motor Manufacturing Inc based in Fremont, California, which it shares with General Motors.

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The electric year ahead: Every new EV coming to Australia in 2024

EV Central

Sales of electric cars almost tripled in 2023 and Aussies had more models than ever to choose from. It lays the foundation for an exciting 2024 where EVs should continue their sales growth. Chery Omoda 5 EV Chery Omoda 5 EV. From A to V, here are all the new electric cars you can expect on Australian roads this year.

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Electric Car Watch #4: Toyota is the new Kodak

Plug In India

The entire auto industry has given up on investing in Hydrogen cars. Car sales people loathe losing a single sale and they hate bad publicity. The first car on the eTNGA platform was shown in this year’s Auto Shanghai motor show. Now by 2030, Europe will stop accepting sales of ICE cars.

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White House warns that Chinese EVs could collect your data and send it back to China

Baua Electric

As of 2025, vehicles whose batteries contain certain “critical minerals” extracted or processed in China will also be ineligible for the tax credit. Chinese companies MG, BYD, and Chery have also been scouting sites in Mexico and talking to officials for better access to the North American market.

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