US Auto Industry Down 8% Since 2019
CleanTechnica EVs
SEPTEMBER 24, 2023
It’s time for another one of our quarterly US auto sales reports. No other media outlet compares US auto industry trends with as much history and depth as we do in these.
CV industry gears up for a challenging tech transition; some bet on only two options for industry and govt investment – ET Auto
Baua Electric
MAY 21, 2024
Even as CV industry players, including Ashok Leyland launch CNG and LNG trucks, these fuel need not be pushed as that may amount to “just distracting ourselves”. The Union Government’s directive to the industry is also clear – move away from fossil fuels including diesel. For the CV industry , it can be a case of easier said than done.
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Auto industry spent less on advertising in 2022; Tesla already spends $0
Teslarati
SEPTEMBER 19, 2022
The automotive industry spent less on advertising during the first seven months of 2022. Although Tesla spends $0, the decline in ad spending could be an indicator of troubles for an industry trying to compete with Tesla’s EV lead. Reuters reported that the auto industry’s ad spending fell to $4.8
First videos of Rivian R2 and R3 driving on public roads show size comparisons
Baua Electric
MARCH 9, 2024
Now video has emerged showing these cars driving on public roads, next to other cars, offering a better visual size comparison, and a look at the cars in motion in the sunlight. In the R2 unveiling, Rivian did tell us all the dimensions of the R2, so the comparisons there aren’t as important.
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FTC Launches “Combating Auto Retail Scams” Rule
The Truth About Cars
DECEMBER 13, 2023
The Federal Trade Commission (FTC) has announced the finalization of the new Combating Auto Retail Scams (CARS) rule designed to prevent auto dealers from utilizing bait-and-switch tactics and hidden junk fees. If consumers see that a dealer is complying with the CARS Rule, it adds a measure of confidence.
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Car parts maker Valeo posts lower first-quarter sales on weak EV demand – ET Auto
Baua Electric
APRIL 25, 2024
Car parts makers face slowing auto production, leaving suppliers with excess capacity, and are striving to reduce costs, including laying off workers, as Chinese EV makers expand in Europe. billion) in comparison to 5.48 It reported quarterly sales of 5.43 billion euros (USD 5.82 billion in the year-earlier period.
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‘Ola Cabs plans USD 500 mn IPO, to appoint banks soon’ – ET Auto
Baua Electric
APRIL 19, 2024
Drawing comparisons to Tesla boss Elon Musk , he also runs a separate electric scooter maker- Ola Electric, which is India’s biggest. Its other investors include Warburg Pincus, Temasek and Tiger Global Management. Ola was founded by Bhavish Aggarwal, who is one of the country’s best known startup entrepreneurs.
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Startup offers EV firms greener graphite in alternative to China – ET Auto
Baua Electric
MARCH 18, 2024
The company’s projected output is small in comparison to the huge global demand for the critical mineral, which BloombergNEF estimates may almost triple to 2.4 Synthetic graphite , which accounts for most of global production, is typically made from petroleum coke , in an expensive and carbon-intensive process. million metric tons by 2030.
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Responsible Battery Coalition and U Michigan launch study to compare electric and gas vehicle lifetime costs
Green Car Congress
OCTOBER 31, 2022
Our research partnership with RBC will enable us to conduct a more in-depth analysis of EV costs in comparison with internal combustion engine vehicles by considering vehicle type, user behavior, and where the vehicle is purchased and operated.
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Tesla China registrations rebound to 14.8k units in April’s fourth week
Teslarati
APRIL 30, 2024
These registrations are closely watched by industry watchers and automakers alike, with companies such as Li Auto sharing registrations regularly. In comparison, industry watchers tracked Tesla China at over 178,000 registrations during the 17th week of 2023.
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German ELAB study finds growth of alternative drivetrains to increase employment opportunities in auto industry
Green Car Congress
JULY 2, 2012
Comparison of the personnel requirements under four scenarios in the ELAB study for an idealized production of 1 million powertrains. The coexistence of several different drive concepts will result in at least steady to intermittently rising employment in the industry as analysis of the studied value chain shows. Click to enlarge.
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Micron to export first batch of India-made semiconductor chips from Gujarat’s Sanand in 2025 – ET Auto
Baua Electric
MAY 2, 2024
Ramamoorthy informed ET that while the domestic demand for semiconductor chips is increasing, the total addressable market for India remains relatively small in comparison to the global demand for semiconductors. He spoke at a company event in the city where partnerships with higher education institutes were announced by the company. “No
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Ola driver accused of assaulting passenger in Delhi – ET Auto
Baua Electric
MARCH 4, 2024
The incident has also prompted comparisons to Uber, which Verma claimed takes more decisive action against such drivers. Updated On Mar 4, 2024 at 06:13 PM IST --> Published On Mar 4, 2024 at 06:13 PM IST 1 min read --> Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis.
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Kelly Blue Book: EV prices increased slightly in March, bucking general downward trend
Green Car Congress
APRIL 13, 2023
The average new EV sold for $58,940 in March, according to Kelley Blue Book (KBB) estimates—well above the industry average. For comparison, a year ago in March 2022, the average ATP was nearly $1,000 over MSRP. Meanwhile, auto manufacturer’s incentive spend rose to the highest level in 12 months at 3.2% in January 2023.
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Wheel provider Admirable Industries swings to $4 million web loss
Baua Electric
MAY 4, 2023
Wheel provider Admirable Industries Global on Thursday reported a first-quarter web lack of $4 million. That’s in comparison with web source of revenue of $10 million all the way through the similar quarter in 2022. Stocks in Admirable Industries fell 19 p.c to similar at $3.85 in noon buying and selling on Thursday.
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Tesla’s Fremont Factory was the most productive auto factory in the U.S. in 2021
Teslarati
JANUARY 24, 2022
For comparison, Toyota’s plant in Georgetown, Kentucky built 8,427 cars per week, BMW’s facility in South Carolina managed 8,343 units per week, and Ford’s Dearborn, Michigan hub managed just 5,564 vehicles weekly. The post Tesla’s Fremont Factory was the most productive auto factory in the U.S.
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Swiggy’s FY23 revenue grows 45% to INR 8,265 crore; net loss expands 15% – ET Auto
Baua Electric
JANUARY 30, 2024
By comparison, Swiggy’s key rival, Zomato , reported consolidated operating revenue of INR 7,079 crore in FY23, growing 69% year-on-year. In terms of revenue breakup, Swiggy’s earnings from sale of food and traded goods was INR 3,352 crore for FY23, up 58% on year.
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GM’s Cruise faces long road back to city streets in wake of safety review – ET Auto
Baua Electric
JANUARY 31, 2024
.” General Motors’ Cruise self-driving car unit faces a trip that could last the better part of this year to convince regulators and a wary public that its robotaxis are fit to share the road with human drivers, industry officials said.
Vehicle theft increases by 2.5x in India in 2023; Delhi tops the list: ACKO report – ET Auto
Baua Electric
MARCH 12, 2024
Diving deep into the vehicle theft scenario of New Delhi, its overall share of vehicle thefts in comparison to other cities in India came down from 56% in 2022 to 37% in 2023. in India in 2023; Delhi tops the list: ACKO report – ET Auto appeared first on Bauaelectric Auto News.
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Benchmark Minerals: Europe’s EV gigafactory capacity pipeline to grow 6-fold to 789.2 GWh to 2030
Green Car Congress
MARCH 12, 2022
A more recent trend with Europe’s lithium-ion battery build out is the emergence of auto majors as pseudo-battery producers seeking to secure cell supply through joint-venture plants. For comparison, China is growing by 220% in the same period, while the US is forecast to grow its battery capacity by 575%.
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Honda sees full-year benefit emerging 19% next lacking forecasts in This autumn
Baua Electric
MAY 11, 2023
s feet in working benefit for this industry 12 months, next it ignored analysts’ estimates within the fourth quarter. billion) in comparison with a 985.62-billion-yen billion yen, in comparison to a median estimate of 164.78 TOKYO — Honda forecast a 19 p.c 0 trillion yen ($7.40 31 stood at 105.5
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Stellantis sees a drop in Q1 2024 revenue, ahead of BEV launches
Teslarati
APRIL 30, 2024
In recent months, Stellantis has been faced with multiple rounds of job cuts , as much of the auto industry, especially in the BEV space, has seen a downtrend throughout this year. “We are reducing inventories to reinforce our strong relative pricing ahead of our new or mid-cycle product launches this year in key regions.”
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J.D. Power: quality takes a back seat to innovation as problems reach a record high
Green Car Congress
JUNE 23, 2023
In 2023, the industry average is 192 PP100. The automotive industry is facing a wide range of quality problems, a phenomenon not seen in the 37-year history of the IQS The industry is at a major crossroad and the path each manufacturer chooses is paramount for its future. According to the newly released J.D.
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GM’s Tesla NACS support spells trouble for Electrify America [Opinion]
Teslarati
JUNE 9, 2023
In comparison, Electrify America has 3,503 fast chargers and 116 Level 2 chargers in the United States. General Motors and Ford hold a significant market share of the United States auto industry. Global policies, market, and investor trends all point to BEVs as a mainstay in the global auto industry.
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How and When the Chip Shortage Will End, in 4 Charts
Cars That Think
MARCH 28, 2023
As Spectrum reported in the months since this story originally posted, the broken supply chains caused by the chip shortage have practically rewired whole segments of the tech industry. industrial concerns from falling victim to similar semiconductor supply chain snafus in the future. In March of 2023, the U.S.
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Tesla has fully overtaken BMW for US’ luxury crown, new data confirms
Teslarati
FEBRUARY 16, 2023
Fellow luxury car maker Mercedes-Benz ended the year as the country’s number three luxury auto maker with 269,511 registrations. The EV maker is competing not only with veteran luxury car makers with far more experience in the industry; it is also competing with rivals that produce internal combustion cars. drop last year to 2.18
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Upgraded Tesla Model 3 finds strong footing in Australia in February 2024
Teslarati
MARCH 5, 2024
This was highlighted by the all-electric sedan’s performance in the Australian auto market in February 2024. As per sales data from the Federal Chamber of Automotive Industries (FCAI) , the upgraded Tesla Model 3 raced to third place on the country’s individual model sales list last month with 3,593 units sold.
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BKT to begin advanced carbon black production in H1FY25 | Autocar Professional
Baua Electric
MAY 21, 2024
Balkrishna Industries, one of the leading manufacturers of off-highway tyres (OHT) under the brand name Balkrishna Tyres (BKT), is all set to start production of its 30,000 MTPA (metric tonne per annum) of advanced carbon black capacity at Bhuj, Gujarat, in the first half of the ongoing fiscal year, as per a senior company official.
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China is exporting so many EVs that it needs more ships – a lot more
Baua Electric
APRIL 11, 2024
By comparison, Japan tops the list with 284 ships, followed by Norway, which has 102. China has already overtaken Japan as the world’s largest auto exporter, with BYD alone exporting more than 240,000 vehicles last year, making up about 80% of its global sales. FTC: We use income earning auto affiliate links.
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Ford making plans extra salaried task cuts
Baua Electric
JUNE 23, 2023
CEO Jim Farley has mentioned Ford must rein in prices and glance for other kinds of employees because it transitions the industry to concentrate on electrified, attached merchandise and tool services and products. He has mentioned Ford is at a kind of $7 billion price downside in comparison to a couple of its competitors.
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Shanghai General Motors introduces Sail SPRINGO EV at Auto Guangzhou 2012; green technology strategy to 2020
Green Car Congress
NOVEMBER 26, 2012
At the opening of Auto Guangzhou 2012, Shanghai General Motors launched its first localized new energy vehicle, the Sail SPRINGO EV. As a comparison, the new Chevrolet Spark EV uses a 100 kW motor with 542 N·m of torque. Also at the auto show, Shanghai GM Shanghai described its future “Green Drive Technology Strategy”.
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With 581,000 e3Ws sold in 2023, India races ahead of China | Autocar Professional
Baua Electric
MAY 7, 2024
The International Energy Agency (IEA), in its Global EV Outlook 2024 report, has revealed that India’s electric three-wheeler industry has overtaken China as the world’s largest market. In comparison, e3W sales in China fell 8% YoY to 320,000 units, which makes India the e3W market leader. million units.
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California ARB projects in-state fuel cell vehicles to reach 23,600 by 2021, and 47,200 by 2024
Green Car Congress
AUGUST 1, 2018
The most recent industry estimates indicate a total of 4,819 vehicles deployed through May of 2018. Current and projected on-road FCEV populations and comparison to previously collected and reported projections. Source: ARB. CARB’s current projections are 23,600 FCEVs on the road by 2021 and 47,200 FCEVs on the road by 2024.
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Europe’s biggest EV market is about to hit a perfect storm of problems
Baua Electric
JANUARY 31, 2024
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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CALSTART survey of major auto suppliers finds 70% don’t want US to change CAFE targets; split on amount of electrification needed
Green Car Congress
SEPTEMBER 15, 2016
Major automotive suppliers see national fuel economy standards as important for long-term planning and investment and don’t want to see them altered by US policymakers, according to a first-of-its-kind industry survey commissioned by CALSTART and conducted by Ricardo Energy & Environment.
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Toyota keeps world’s top-selling automaker crown in 2023, sells 1.12 crore cars
Baua Electric
JANUARY 29, 2024
With this, the auto manufacturer became the world’s top car manufacturer for a fourth consecutive year. crore units last year, as compared to 2023, claimed the auto company. In comparison, the world’s top-selling carmaker Toyota sold 104,018 units of battery-powered electric vehicles. lakh units. per cent to 1.12
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BYD launches lower-priced version of its Tesla Model 3 rival electric sedan, starting at $25K
Baua Electric
MARCH 25, 2024
In comparison, the Tesla Model 3 starts at 245,900 yuan ($34,100). BYD Seagull (Dolphin Mini) testing (Source: BYD) With prices under $10,000, BYD’s new Seagull has sent shockwaves throughout the global auto industry. Source: CnEVPost , BYD Weibo FTC: We use income earning auto affiliate links.
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Rivian design boss shares how R2 builds off R1S and R1T at a lower price
Baua Electric
APRIL 24, 2024
Rivian wants to shake up the industry with its next-generation R2 electric vehicle. Rivian R2 vs R1S size comparison (Source: Rivian) Speaking with Design Milk , the company’s design boss said Rivian wants R2 to reach many more customers. FTC: We use income earning auto affiliate links. The company’s design boss explains.
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Porsche’s all-new electric Macan will use batteries from China’s CATL
Baua Electric
JANUARY 26, 2024
In comparison, Porsche delivered 40,629 Taycan electric cars in 2023. The battery giant dominates the industry with a 37.4% Source: CarNewsChina FTC: We use income earning auto affiliate links. The post Porsche’s all-new electric Macan will use batteries from China’s CATL appeared first on Bauaelectric Auto News.
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A cheap Toyota EV? Not right now, the company says
Baua Electric
JANUARY 16, 2024
With rivals like VW planning to launch its ID 2all electric car, starting at around $27,000 (€25,000), Toyota could risk giving up market share as the industry transitions to electric. In comparison, VW sold over 394,000 EVs last year. FTC: We use income earning auto affiliate links. Only 95K, or 1% of them, were EVs.
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With 581,000 e3Ws sold in 2023, India races ahead of China | Autocar Professional
Baua Electric
MAY 7, 2024
The International Energy Agency (IEA), in its Global EV Outlook 2024 report, has revealed that India’s electric three-wheeler industry has overtaken China as the world’s largest market. In comparison, e3W sales in China fell 8% YoY to 320,000 units, which makes India the e3W market leader. million units.
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SEG Automotive set to commission a new 400V motor line in Hosur | Autocar Professional
Baua Electric
APRIL 8, 2024
percent of the Indian EV market, thereby, accelerating the industry’s drive towards the localisation of key components that make these vehicles. What we see in India, in comparison to Europe, and the US markets, is that functional safety, and cybersecurity do not yet play a role in this market.
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Rivian filings hint at $10k autonomous driving option, software subscription details
Teslarati
OCTOBER 4, 2021
This is comprised of autonomous driving capabilities of $10,000, and a monthly subscription plan for infotainment, connectivity, diagnostics, and other services valued at $5,500, based on publicly disclosed industry benchmarks,” noted the electric car maker in its SEC filings. Tesla offers diagnostic software subscriptions.
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