Baua Electric

APRIL 12, 2024

Photo: HANSAINVEST Real Assets A 605 megawatt (MW) project in Germany has claimed the title of Europe’s largest solar farm, bumping a PV plant in Spain out of the top spot. Plus, it’s free to use and you won’t get sales calls until you select an installer and you share your phone number with them. Get started here. –

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Teslarati

MARCH 8, 2024

In February 2024 alone, the Model Y secured its place as the best-selling SUV and battery electric vehicle (BEV) in Germany with sales of 5,408 units. The Model Y’s results in Germany were mentioned in a press release from the Federal Motor Transport Authority (KBA). of the country’s auto sales.

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Baua Electric

MAY 17, 2024

With governments pressuring the auto sector to go green, Ineos Automotive plans to launch an electric 4×4 in 2027, the Fusilier, to be sold alongside current diesel and petrol versions of the Grenadier. It added that demand for EVs was “high”, even if recent data shows evidence of slowing sales in the UK and abroad.

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Baua Electric

JANUARY 2, 2024

The Atto-3 SUV / Source: BYD Europe It was a huge year for profits at Chinese auto behemoth BYD. Adding up sales for all so-called new energy vehicles, including battery-only vehicles and hybrids, BYD sold 3 million vehicles in 2023. Tallying up its year-end sales, it’s a massive 62% growth from 2022. million vehicles.

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Baua Electric

JANUARY 23, 2024

Major car suppliers in Germany say they are struggling with the high upfront costs of shifting to EVs and “slow demand,” with companies looking to lay off thousands of workers, as much as 20% of total staff in some cases, in the coming years. FTC: We use income earning auto affiliate links. Get started here.

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Baua Electric

APRIL 24, 2024

He Xiaopeng, founder and CEO of the automaker backed by Germany’s Volkswagen, said software will be refreshed with upgrades every two months, in comments made at a press conference on the opening day of the Beijing auto show. In February, XPeng said it plans to hire 4,000 people this year and invest 3.5

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Teslarati

JANUARY 10, 2022

Vehicle registration data from December 2021 has revealed that Tesla is quite a force to be reckoned with in Germany, with the Model 3 performing particularly well in the country’s general auto market. In Dec-2021 M3 achieved a remarkable fit In Germany, becoming the SECOND-best selling car only behind a tiny city mini-car VW Up.

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Baua Electric

APRIL 11, 2024

The market share of fully electric trucks and buses is growing at an impressive pace in Europe, according to a new report from the International Council on Clean Transportation (ICCT). The news comes to us via the Australian EV news site The Driven. of Australia’s bus fleet is electric).

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Teslarati

APRIL 12, 2023

Mercedes revealed its Q1 sales statistics this morning, showing its EV sales are booming in the world’s biggest markets. This dedication and swell of new offerings continue to pay off, as the premium German brand reports its EV sales boomed in the year’s first quarter. and 51,600 globally.

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Teslarati

MARCH 25, 2022

The shortage of the part, which is a wire harness, kept Volkswagen from producing enough exhibition and demonstration vehicles for its sales partners, according to a letter seen by German media outlet Automobilwoche. 5 in mid-September at the IAA Munich Motor Show in Germany. . ” Volkswagen unveiled the ID.5

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Baua Electric

MARCH 7, 2024

Photo: Volkswagen Volkswagen just opened up pre-sales for its electric ID.7 7 station wagon in Germany. 7 Tourer pre-sales have now launched there, and the price starts at €54,795. 7 Tourer pre-sales have now launched there, and the price starts at €54,795. ad* FTC: We use income earning auto affiliate links.

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Electrek

JANUARY 31, 2024

Germany is Europe’s biggest auto market, and it’s been one of the main drivers of EV growth. But now that is expected to change course, as EV sales are projected to drop – by 14% – for the first time in eight years.

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Baua Electric

APRIL 9, 2024

The German carmaker hit an all-electric sales share of 15% last year and has said it expects that figure to reach 50% well before 2030. Premium EV startup Lucid is also trying to augment relatively small sales of its own EVs by selling its electric drive technology to other automakers such as Aston Martin.

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Baua Electric

JANUARY 25, 2024

Global semiconductor sales are expected to grow from USD 600 million this year to more than USD 1 trillion by 2030, and all capacity currently planned in China will be needed. Among major chipmakers hoping to tap European subsidies, only TSMC has said it intends to break ground in 2024, on a 10-billion-euro plant in Dresden, Germany.

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Baua Electric

JANUARY 3, 2024

In 2023, 26% of new cars sold in France were battery electric and plug-in hybrid vehicles, a huge 47% jump from 2022. According to French auto industry group Plateforme automobile and reported by RFI , 26% of new cars sold in France were battery electric or plug-in hybrid vehicles, amounting to 1,774,729 new cars.

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Baua Electric

JANUARY 9, 2024

The Volkswagen brand handed over 394K EVs in 2023 The Volkswagen brand announced fully electric vehicle sales grew by 21.1% Its largest markets included China, Germany, the US, the UK, Sweden, France, Norway, and Belgium. 4 models in Germany, up 62.9%. In China, VW’s most important market (with ~40% of sales), over 75,000 ID.3

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Baua Electric

APRIL 30, 2024

Mercedes-Benz remains one of the most well-known automakers out of Germany and one of the leaders in luxury vehicles. As you’ll see below, EV sales continue to grow in Mercedes-Benz’s portfolio (although there’s a slight catch). Those earnings contributed to an adjusted Return on Sales of 9.0% (down from 14.8% compared to 18.2%

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Baua Electric

JUNE 21, 2023

Gross sales of battery-electric automobiles jumped 66 p.c Amongst primary markets, Italy and Germany led the full gross sales stand of all forms of automobiles with positive aspects of 23 p.c Amongst primary markets, Italy and Germany led the full gross sales stand of all forms of automobiles with positive aspects of 23 p.c

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Baua Electric

JANUARY 17, 2024

In Germany, Tesla reduced the price of its Model Y Long Range by €5,000 to €49,990 ($54,340), a discount of 9%. The automaker joined Volkswagen and BYD in reducing prices after the government ended EV incentives, according to Automotive News Europe. While VW beat Tesla in Germany, it trailed by a long shot in EV sales in France.

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Electric Cars Report

SEPTEMBER 29, 2022

Chinese EV maker BYD revealed the pre-sale prices of its new European passenger car range. The world’s leading manufacturer of new energy vehicles and power batteries immediately introduces three full-electric passenger vehicles which will be delivered to Norway, Sweden, Denmark, the Netherlands, Belgium, Luxembourg and Germany.

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Teslarati

APRIL 22, 2024

Vinfast signed a cooperation agreement with Mobivia to improve their customers’ access to aftersales services in France and Germany. Mobivia has 1,200 service centers in France and Germany. VinFast announces new EV facility in India Mobivia is an established repair and maintenance brand.

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Clean Fleet Report

APRIL 17, 2023

News: 2025 Volkswagen ID7 Midsize Electric Sedan Flagship for the VW EV Juggernaut Volkswagen is making another step in its transition to an all-electric line-up with the introduction of its midsize sedan, the 2025 ID7, this week at the New York International Auto Show. ID.Buzz minivan (already on sale in Europe).

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Baua Electric

FEBRUARY 28, 2024

New Delhi: The Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s Auto Component manufacturing industry, successfully concluded the 4 th edition of its ‘Transforming Mobility 2024 -Global Summit & Expo’. billion to 4 billion in manufacturing and R&D over the past five years.

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Baua Electric

MAY 1, 2024

One day after posting a significant drop in Q1 profits, Volkswagen Group is looking to trim down its administrative staff in Germany to bolster 2024 returns. Deliveries for Q1 were, in fact, up 3% year-over-year, but BEV sales fell. EV sales were only in the green in China (+91% YOY) and stumbled in Europe (-24%) and the US (-16%).

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Baua Electric

SEPTEMBER 17, 2023

As a result of consolidation within the {industry} and smaller stores going into chapter 11, the collection of automotive sellers in Germany has fallen to six,800 in 2020 from just about thrice that during 2000, in line with the IfA institute, which displays auto-industry traits. “But it’s not impossible.”

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Baua Electric

JULY 11, 2023

BERLIN — Mercedes-Benz gross sales in the second one quarter rose 6 % year-on-year – a complete of 515,700 automobiles – at the again of call for for full-electric and top-end automobiles, the automaker mentioned in a observation. In China, gross sales had been up through 12 % and america, through 6 %.

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Baua Electric

MARCH 5, 2024

Capitalizing on the booming vehicle market in India, French auto component maker Plastic Omnium expects to double its turnover from the Indian market to 400 million euros over the next five years. China, the US and Germany are the group’s biggest markets in terms of turnover. billion euros.

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Teslarati

SEPTEMBER 8, 2023

Battery-electric vehicles (BEVs) are gaining traction in auto markets across the world, and new data shows that U.S. As new car sales bans loom in some areas, early BEV adoption data from the California auto market seems promising — and some think the rest of the country could be right behind the state. If the U.S.

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Baua Electric

JANUARY 31, 2024

Germany is Europe’s biggest auto market, and it’s been one of the main drivers of EV growth. But now that is expected to change course, as EV sales are projected to drop – by 14% – for the first time in eight years. Germany is expected to produce 1.45 million BEVs in 2023 to Germany’s 1.2 pre-pandemic.

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Baua Electric

JANUARY 29, 2024

In addition, another close to 100 exhibitors will be participating in two exclusive Auto Components Pavilions showcasing products and solutions for OEMs, the release said. New Delhi: The size of the Indian automotive aftermarket that was USD 10 billion in 2023 is expected to grow by close to 1.4

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Baua Electric

FEBRUARY 1, 2024

While European automakers have been shifting over to direct sales à la Tesla, China’s BYD, for Build Your Dreams, along with Chinese peers Xpend and Great Wall Motor are looking to dealers to build sales and provide networks to help their brands build solid reputations and trust among Europeans. Last year, the company sold 1.6

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Baua Electric

JANUARY 18, 2024

BMW Group India, which registered its best-ever calendar year-to-date sales in CY2023 , continues to see its two-wheeler arm – BMW Motorrad India – maintain the strong momentum it has delivered since the past few years. Estimated sales of the three G 310 series motorcycles also hit a new high with over 7,700 units sold last year.

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Teslarati

SEPTEMBER 15, 2023

During the pandemic, Volkswagen fell behind in the Chinese auto market as companies like BYD, Nio, and Tesla took over, with the competition nearly doubling the market’s EV and hybrid offerings (via Bloomberg ). Volkswagen had just around 145,000 sales. and overseas in Shanghai, China and outside of Berlin, Germany.

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Teslarati

NOVEMBER 15, 2021

German automaker Porsche will unveil five new models at the Los Angeles Auto Show in late November, two of which will be new variants of the all-electric Taycan. The introduction of two additional Taycan trims will introduce new performance options for potential buyers.

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Baua Electric

MAY 22, 2024

According to local media reports (via CnEVPost ), CATL is adding two new overseas plants as it looks to expand beyond its domestic market. The news comes as CATL expects less growth in China as new, smaller suppliers enter the market. FTC: We use income earning auto affiliate links.

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Clean Fleet Report

FEBRUARY 6, 2022

In spite of the this negative outlook and his further declaration that no new models would be introduced in 2022, Musk also said he expected sales to grow at about 50% per year on average for the next few years and that the coming year would be “comfortably above” that figure. million sales worldwide with its four current models.

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Baua Electric

MARCH 26, 2024

LANXESS, in FY2023, reported sales of EUR 6.714 billion, marking a 17.0 The weaker demand and the associated reduction in sales volumes as well as higher idle costs led to a significant earnings decline, primarily in the Specialty Additives and Advanced Intermediates segments. percent decrease from the previous year.

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