Remove Automobile Remove Automobile Industry Remove Future Remove Sale
article thumbnail

Hyundai invests more in Georgia to produce hybrids

Teslarati

billion), and sales reached a record high of over 40 trillion won (US$29 billion). There was a big decline in EV sales, but those of hybrids — a high-margin product—contributed to the high profitability,” explained Hyundai’s CFO Seung Jo Lee. trillion won (US$2.5 Battery electric vehicles (BEVs) accounted for 4.5% from a year ago.

Georgia 91
article thumbnail

Sony and Honda sign MOU to create JV to develop and sell EVs and mobility services; first model on sale in 2025

Green Car Congress

Sony Group Corporation and Honda Motor signed a memorandum of understanding that outlines their intent to establish a joint venture through which they plan to engage in the joint development and sales of high value-added battery electric vehicles (EVs) and commercialize them in conjunction with providing mobility services.

Honda 150
article thumbnail

Subaru of America Reports Strong December Sales and Year-End Performance

The Truth About Cars

witnessed a notable increase in vehicle sales during December 2022, with a reported 56,760 vehicle sales. This marks an 11 percent rise compared to December 2021, indicating a positive trend despite ongoing industry challenges. Annual Sales Overview The year 2022 ended with Subaru achieving a total of 556,581 vehicle sales.

America 52
article thumbnail

Fast evolving auto industry needs befitting HR solutions | Autocar Professional

Baua Electric

And the automobile industry in India is a significant contributor to the country’s economy. As a result of the dynamic nature of the sector and the ongoing technical breakthroughs, there is a significant demand for talented people in various fields, including engineering, design, production, supply chain management, and sales.

article thumbnail

Oil companies “break the circle”! Total Energy to build tens of thousands of charging piles in China

Setec Powerr

The priority layout allows Total Energy to accumulate enough confidence for development and seize a place in the future electrification era. The automobile industry has been developed for more than 200 years, and the use of petroleum as fuel has dominated most of the time. who moved the oil cheese. the only way.

Oil 98
article thumbnail

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

Teslarati

The Tesla Model Y has the best resale value out of any other battery electric vehicle in China according to data from the China Automobile Dealers Association. 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.

China 98
article thumbnail

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. —Yu Jun, General Manager of GAC Motor.