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GAC Group begins construction of $6.5B industrial park for electric and intelligent vehicles

Green Car Congress

China-based automobile manufacturer Guangzhou Automobile Group (GAC Group), the parent company of GAC Motor, has begun construction of a large industrial park for electric and intelligent vehicles as part of its efforts to boost its electric vehicle business. More than 45 billion yuan (US$6.5 More than 45 billion yuan (US$6.5

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Auto dealers bet big on new launches, positive sentiment for car sales boost

Baua Electric

Read more FADA is betting big on new car launches, positive consumer sentiments, high demand for SUVs, and improved availability of cars for short and long-term passenger vehicle sales growth in 2024. This comes after the Indian automobile industry registered sales of more than 41 lakh passenger vehicles in 2023.

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New milestone in 2023: What drove India to record over 41 lakh car sales

Baua Electric

By: Mainak Das | Updated on: 03 Jan 2024, 13:42 PM India witnessed sales of 41 lakh passenger vehicles in 2023, up from 39 lakh units sold in 2022. India witnessed sales of 41 lakh passenger vehicles in 2023, up from 39 lakh units sold in 2022. Sales of new passenger vehicles in India recorded 41 lakh units milestone, marking around 8.2

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Lexus RZ BEV launches in Australia starting at $123K

Teslarati

The battery electric SUV Lexus RZ 450e recently arrived in Australia following its launch in the United States. The Lexus RZ is expected to help Toyota achieve its EV sales goal for 2026. Lexus’ parent company Toyota expects to sell 200,000 BEV units by 2024 with help from BZ3 and RZ 450e sales.

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Polestar 3 officially unveiled in China, price cut by about $29,080 from previous

CN EV Post

The first SUV from Polestar, the premium electric vehicle maker owned by Geely and Volvo Cars, has been officially unveiled in China, but at a price reduction of about RMB 200,000 yuan ($29,080) from the model's global debut last year. Both versions of the NIO ES7 have a 0-100 km/h sprint time of 3.9

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Tesla Model Y has the best resale value out of all BEVs in China

Teslarati

The Model Y is the best-selling SUV in China and has a one-year value retention rate of 88.76% among battery electric vehicles in the nation according to a list published by the CADA in September. In August, Tesla Model Y retail sales totaled 31,112 units reflecting 168.76% up from the 11,576 units sold in August 2021, CnEVPost reported.

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Is Ford really coming back to India? What could be possible reasons

Baua Electric

Ford announced its exit from the Indian market back in 2021 owing to poor sales resulting in a loss of $2 billion here and eventually completed the exit process in 2022. It was one of the major blows for the country’s manufacturing sector as several other auto OEMs like Chevrolet, Datsun etc called it quit from India.

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