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STMicro sees Q1 sales well below estimates as auto chip demand softens – ET Auto

Baua Electric

We continued to see stable end-demand in Automotive, no significant increase in Personal Electronics, and further deterioration in Industrial,” CEO Jean-Marc Chery said. China trade spats and sluggish demand for personal electronics, but this trend could be waning. In 2024, STMicro plans to invest about USD 2.5 billion to USD 16.9

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Tesla Model Y continues to lead auto sales in Norway

Push EVs

share of the auto market in March, down from 91.9% Overall auto volume was 19,366 units, up some 19% YoY, and the highest March sales since at least 2016 (though compensating from a hangover earlier in Q1). The Model Y alone took over 38% of Norway’s new passenger auto registrations in March. year on year.

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Honda to begin sales of N-VAN e: commercial EV in Japan in October – Charged EVs

Baua Electric

Japanese automaker Honda Motor will start sales in Japan of a new commercial mini-EV, the N-VAN e:, in October. Honda will offer four variants of the N-VAN e: for commercial and personal uses. The e: L4 is the standard four-seater model. Based on the e: L4, the e: FUN version is styled for hobbies and leisure activities.

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Personal: One in a Million

Clean Fleet Report

California’s plug-in vehicle sales tally is impressive: 663,014 battery electrics (62.9%). In fact, it might not even be possible for the auto industry to produce that many EVs, although the rate of expansion is dizzying. Sales just topped a quarter-million with Tesla’s four models accounting for more than half of the overall sales.

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Cybertruck sales in May boosted Tesla’s 2024 ATPs by more than 10%

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Since January, when Tesla’s average transaction prices (ATPs) stood at $51,892, its ATP has increased by more than 10%, thanks to growing Cybertruck sales – around 3,000 were sold in May. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them. higher than in April.

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Huawei’s smart car tech offers automakers route to China sales – ET Auto

Baua Electric

It’s taken Huawei just four years to become a force in smart car technology , navigating the devastation of trade sanctions on its smartphones business while simultaneously developing a driver assistance system that is the darling of the Beijing auto show. ” said Evangelos Simoudis, an investor and corporate adviser.

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Stellantis sees Q1 2024 drop in revenue, but EV sales were up

Baua Electric

Ram ProMaster EV (Photo: Stellantis) Stellantis Q1 2024 revenue fell 12%, but global EV sales were up, and it’s optimistic about growth and profitability in H2 2024. The auto giant saw net revenues of €41.7 Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them.

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