Remove Buy Remove Chinese Remove Engine Remove South Korea
article thumbnail

BYD aims to sell at least 3 million vehicles this year

CN EV Post

The company discontinued production and sales of vehicles powered entirely by internal combustion engines in March 2022. million units in China, BYD will surpass the Chinese market record of 2.16 In China's first-tier, second-tier and third-tier cities, consumers are already barely considering fuel vehicles when buying cars, Wang said.

BYD 141
article thumbnail

Is Hyundai’s IONIQ 6 the ultimate EV? Fast charging, long-range, and affordable price

Baua Electric

Hyundai IONIQ 6 checks all the boxes as an affordable EV Hyundai introduced the IONIQ 6 electric sedan in South Korea in late 2022, with sales kicking off in the US in March 2023. Source: Boston Consulting Group) BCG research found that 70% of US consumers are considering buying an EV. New Tesla Model 3 (Courtesy of Tesla, Inc.)

article thumbnail

Saudis Expand Price War Downstream

Green Car Congress

A lot of diesel will be trapped in the Far East and this will lead to run cuts in places like Japan and South Korea as the arbitrage to the west will be closed by growing Middle Eastern supplies” said Robert Campbell of Energy Aspects. Indian refiners are now buying more crude oil from Nigeria, Iraq, Venezuela and Mexico.

article thumbnail

Lamborghini Breaks Historic Sales Record

The Truth About Cars

Though the kind of people that buy those products are likely to have a much larger impact on the environment than your neighbor who drives an Honda CR-V and won’t need to heat a 10,000 square-foot mansion or fuel the private jet they also don’t own. The theory here could be applied to companies like Lamborghini, however.

Sale 105
article thumbnail

The Chip Shortage, Giant Chips, and the Future of Moore’s Law

Cars That Think

By the time they got back in line to buy chips, that line was nearly a year long, and it was time to panic again. Chipmakers worked flat out to meet demand and have unleashed a blitz of expansion, though most of that is aimed at higher-margin chips than those that clogged the engine of the automotive sector.

Future 143
article thumbnail

Can Alt-Fuel Credits Accelerate EV Adoption?

Cars That Think

The RFS, in essence, mandated that the blend powering engines in the nation’s official service vehicles run on a certain amount of renewable fuel. If a refiner couldn’t manage it, it could buy credits, called RINs, from a supplier who did. electric vehicle supply chains’ reliance on Chinese rare earths and battery components, U.S.-friendly

Fuel 80
article thumbnail

2022 Chevrolet Bolt EUV: Chevy’s lowest-priced electric car gets a big brother

Charged EVs

Interviews earlier this year with Program Chief Engineer Jesse Ortega and Vehicle Chief Engineer Jeremy Short revealed more of the story behind the Bolt EUV that we’ll start to see on US roads later this summer. GM’s BEV2 platform and powertrain engineering are headquartered in its technical center in Warren, Michigan.