CleanTechnica EVs

FEBRUARY 26, 2023

The US auto industry has been declining steadily for a few years at least. Compared to 2021, the American auto industry’s annual sales were down by more than 1 million units, or 8%. Compared to 2020, there were “only” down by 725,726 units (5%).

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CleanTechnica EVs

OCTOBER 18, 2021

Comparing the 3rd quarter of 2021 to the 3rd quarter of 2020, US Tesla sales were up 67% while overall US auto sales were down 13%. Compared to 2019, the difference was even more stark — Tesla sales were up 104% and US auto sales were down 22%.

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Baua Electric

MAY 16, 2024

Revenue from the company’s vehicle sales division rose 3.5% Online vehicle auction services provider Copart marginally beat third-quarter revenue estimates on Thursday as vehicle sales increased. Revenue from the company’s vehicle sales division rose 3.5% to USD 180.6 to USD 180.6

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Green Car Congress

JUNE 1, 2022

TTTech Auto and ZettaScale Technology are partnering to provide advanced communication technologies for software-defined vehicles. It will serve as a foundation to enable the extension of the vehicle life cycle via after-sales application updates. —Friedhelm Pickhard, Chief Growth Officer of TTTech Auto.

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Green Car Congress

DECEMBER 15, 2022

TTTech Auto , the Vienna-based provider of automotive safety software, is expanding its operations with a dedicated subsidiary in China. TTTech Auto already has a presence in the Chinese market through its joint venture Technomous operated together with SAIC Motor, China’s largest automotive manufacturer.

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Electrek

DECEMBER 2, 2022

Ford released its US auto sales for November today, and although electric vehicle sales were up over 100% YOY for the fifth straight month, gas-powered car sales continued to slide. The sales report highlights the direction in which the US auto industry is headed – forward.

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CleanTechnica EVs

APRIL 23, 2023

It’s time for another quarterly report on US auto sales. Like a few other major news outlets, I track total quarterly sales of the US auto industry, but I also conduct a thorough analysis of the trends of each automaker.

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CleanTechnica EVs

FEBRUARY 26, 2023

The US auto industry is truly on the rebound. In the 3rd quarter, sales increasing 1% compared to the 3rd quarter of 2021, the first positive trend in a while. Seemingly not, as US auto industry sales in the 4th quarter of 2022 were 10% higher than […] But was it just a lucky little blip?

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CleanTechnica EVs

DECEMBER 17, 2023

The US auto industry is bouncing back compared to the past couple of years, but it’s still significantly below its. continued] The post US Auto Sales Down 8% in Q3 2023 vs. Q3 2019 appeared first on CleanTechnica.

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Teslarati

JANUARY 8, 2024

Panasonic seeks to expand its business in the automotive industry, starting with building relationships at CES 2024. The Japanese company’s automotive department—Panasonic Automotive Systems—aims to expand past battery cells for electric vehicles. It plans to delve into products that could prove lucrative.

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Teslarati

JUNE 18, 2024

The auto industry continues to shift toward electric vehicles (EVs), and while sales growth has slowed somewhat this year at many companies and in many markets, recent guidance shows that it may only be in the near-term. Last month, Bloomberg data suggested that the ongoing EV sales slowdown in the U.S.

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Teslarati

MARCH 4, 2024

Data from the China Passenger Car Association (CPCA) has revealed that Tesla China’s sales of Giga Shanghai-made vehicles declined in February 2024. As per the CPCA, Tesla China sold a total of 60,365 vehicles produced in China during February 2024. TSLA NEWS: Tesla China delivered 60,365 vehicles in February.

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Baua Electric

MARCH 11, 2024

Guruprasad Mudlapur, President- India, Bosch Group, and Managing Director, Bosch Limited Edited excerpts: Q: After two consecutive years of swift growth in the auto component industry’s performance, what is your outlook for 2024? The automotive industry is in transition.

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Baua Electric

FEBRUARY 7, 2024

China exported 4,43,000 vehicles in January 2024, accounting for 18.2% of the total sales, while nearly one out of seven NEVs sold during the month was also exported, CAAM data shows. China’s new energy vehicle sales fell 38.8% China’s new energy vehicle sales fell 38.8% million units, up 47.9%

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Teslarati

NOVEMBER 23, 2023

Stellantis appears to be strengthening its ties in China’s automotive industry. Stellantis recently repurchased €934 million in shares from Chinese auto company Dongfeng as per a pre-existing share repurchase framework. In October, the legacy automaker invested in China-based Leapmotor to expand its global electric vehicle (EV) sales.

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Teslarati

JUNE 5, 2023

Tesla Model Y is another step closer to becoming the world’s best-selling vehicle in any category after overtaking Toyota RAV4 sales in Australia. Meanwhile, Toyota sold a total of 2,616 RAV4 vehicles. May 2023 sales results beat May 2017’s sales which held the previous record. of Australia’s auto market in May.

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Baua Electric

MAY 1, 2024

Indian battery-maker Exide Industries beat fourth-quarter profit expectations on Tuesday, helped by higher demand in its automotive and industrial products segments. Earlier this month, South Korea’s Hyundai Motor and Kia Corp partnered with Exide Industries ‘ unit Exide Energy Solutions to supply batteries for their EVs.

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CleanTechnica EVs

MARCH 7, 2022

But why did the auto industry wait so long? Electrification of cars and trucks is all the rage.

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Baua Electric

APRIL 19, 2024

European automotive supplier Forvia reported higher organic sales for the first-quarter on Thursday driven by strong North America, and said new awards from Chinese carmakers had boosted quarterly orders. The group, born from Faurecia’s takeover of Hella in 2022, reported sales of 6.53 billion euros (USD 6.98 That was down 1.7%

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Teslarati

NOVEMBER 29, 2023

Automotive sales in European Union (EU) countries are expected to slow next year, though some are reporting that the slowdown will cause a sharp increase in electric vehicle (EV) market share. In January, the ACEA forecasted a 5-percent increase in 2023, showing the overall auto market slowing throughout this year.

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Baua Electric

APRIL 15, 2024

The rise in SUV sales highlights the evolving trend in India’s car market, with consumers increasingly gravitating towards vehicles that offer both comfort and style, along with higher ground clearance and heavy vehicle build.

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CN EV Post

MARCH 22, 2023

(Image credit: CnEVPost) The price war is one of the most talked-about topics in China's auto industry this month, creating operational challenges for many car companies. Now, an industry association is calling for a return to rationality for all parties to bring order to the market.

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CleanTechnica EVs

MAY 4, 2024

One of the hottest topics of the year in the auto industry has been hype about EV sales drooping, or at least not living up to expectations. continued] The post US EV Sales Up 170% in 1st Quarter vs. 1st Quarter of 2021 appeared first on CleanTechnica. How much substance is actually in that hype?

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Baua Electric

APRIL 24, 2024

Auto parts distributor LKQ cut its full-year sales forecast on Tuesday and missed estimates for first-quarter profit amid falling metal prices and softening demand for spares in North America. It also posted sales of USD3.70 It now expects to report organic revenue growth for parts and services between 2.5%

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CleanTechnica EVs

OCTOBER 12, 2022

US auto sales were up 1% in the 3rd quarter of 2022 compared to the 3rd quarter of 2021, but they were down 13% compared to the 3rd quarter of 2020 and down 21% compared to the 3rd quarter of 2019, which we use as a bit of a control year since it was before […].

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Teslarati

APRIL 26, 2023

Used Tesla Model 3s and Model Ys aren’t depreciating nearly as fast as their luxury vehicle counterparts, despite five price cuts in the year’s first quarter. One concern many Tesla owners have shared online following the series of price cuts implemented by Tesla is that their vehicles would, in turn, dramatically depreciate.

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Baua Electric

MAY 4, 2024

Canada’s Magna International missed first-quarter profit estimates and cut its full-year overall sales forecast on Friday, as auto parts suppliers navigate ongoing supply constraints and bumpy demand for electric vehicles. Magna said it expects full-year 2024 sales of USD 42.6 billion to USD 44.2 billion to USD 45.4

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Baua Electric

JANUARY 13, 2024

Year 2024 promises to be an exciting one for the automotive industry as it moves into new territories of innovation and changing customer demands. So, while the Covid-19 lockdowns severely affected the entire automotive industry’s value chain, it also began to embrace a fresh perspective amidst the global crisis. lakh crore (USD 69.7

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Setec Powerr

NOVEMBER 8, 2023

The electric vehicle (EV) market has reached a significant milestone, with global plugin vehicle registrations soaring by 23% in September 2023 compared to the same month last year. This surge has resulted in an unprecedented 1,291,000 units sold, setting a new record in the industry.

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Baua Electric

JUNE 5, 2024

The company will also extend engineering, technical, and spare parts support to these garages to provide trusted post-sales service to iVOOMi consumers. However, the shortage of quality after-sales service touchpoints has been a hindrance. However, the shortage of quality after-sales service touchpoints has been a hindrance.

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CN EV Post

APRIL 6, 2023

With consumers in a wait-and-see mood, orders and transaction rates did not increase significantly, and auto demand recovered less than expected, the CADA said. Many automakers in China launched rare price wars in March to try to boost sales. The Vehicle Inventory Alert Index for China's auto market was 62.4 Of those, 20.5

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Electric Vehicles India

MARCH 4, 2023

The sale of electric vehicles surpassed 100,000 units in February for the fifth month in a row Electric vehicle (EV) sales in India have passed the 100,000 milestone for the fifth consecutive month. There were 10.09.911 electric vehicles sold in the 2022 financial year, for the first time exceeding one million.

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Electric Vehicles Sale India Vehicles 101

Baua Electric

MAY 7, 2024

India Auto Inc has had a good start to the new fiscal year 2025. The Federation of Automobile Dealers Associations (FADA) today released April 2024 vehicle retail sales numbers for India Auto Inc. 4, sold 280,204 scooters, motorcycles and mopeds, increasing its YoY sales by 34% (April 2023: 208,818 units).

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Baua Electric

MAY 7, 2024

India Auto Inc has had a good start to the new fiscal year 2025. The Federation of Automobile Dealers Associations (FADA) today released April 2024 vehicle retail sales numbers for India Auto Inc. 4, sold 280,204 scooters, motorcycles and mopeds, increasing its YoY sales by 34% (April 2023: 208,818 units).

Sale 52

Sale India Vehicles Motorcycles 52

Baua Electric

MARCH 25, 2024

Since 1917, AIDA has led the metal-forming industry as the well-known manufacturer of metal-forming systems, particularly servo and mechanical presses for various applications in the global automotive and component industries, including OEMs and Tier 1 to Tier 3 suppliers. AIDA specialises in metal forming equipment for the industry.

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The Truth About Cars

JUNE 16, 2023

Dealer franchise laws are controversial at best and downright divisive in most cases, but they remain a significant force in the automotive industry despite the political noise surrounding them. & As Inside EVs pointed out, the bill’s language prohibits direct-to-consumer sales by automakers.

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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. The company said it is well-placed with Chinese carmakers, accounting for 14% of its first-quarter sales, both for the Chinese market and for export.

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