article thumbnail

Hyundai Motor targeting 7% of global EV market by 2030; 1.87M BEVs

Green Car Congress

The company also unveiled targets for sales and financial performance to be achieved by 2030. Under the new plan, the company aims to boost annual global BEV sales to 1.87 The innovation will be expanded to global plants in the future. Optimizing EV manufacturing capacity. New IMA architecture.

Hyundai 370
article thumbnail

Hertz Global eyes worst day on record as EV rental business falters – ET Auto

Baua Electric

Shares of Hertz Global slumped 24% and were on track for their sharpest one-day percentage fall on record on Thursday after the company reported a wider-than-expected quarterly loss, highlighting its struggles with the EV rental business. Higher repair costs also weighed on the company’s overall fleet maintenance expenses.

Global 52
article thumbnail

Volkswagen BEV deliveries increase by 45% globally

Teslarati

Volkswagen Group has been working hard to increase its share of the global battery electric vehicle (BEV) market, and it seems to be paying off. The German automaker increased its BEV deliveries by 45% globally as of September 2023. The post Volkswagen BEV deliveries increase by 45% globally appeared first on TESLARATI.

Global 85
article thumbnail

Ford and Volkswagen expand global collaboration to include EVs, invest in Argo AI

Green Car Congress

Ford Motor Company and Volkswagen AG are expanding their global alliance to include electric vehicles—and will collaborate with Argo AI to introduce autonomous vehicle technology in the US and Europe. With the addition of AID employees, Argo AI will grow from 500 to more than 700 employees globally. Earlier post.).

Ford 262
article thumbnail

Daimler and Geely Holding form global JV for smart; new generation of electric models

Green Car Congress

Daimler AG and Zhejiang Geely Holding Group , the German and Chinese automotive groups, have formed a 50-50 globally focused joint venture to own, operate and further develop smart, the pioneer of small urban vehicles, as a leader in premium-electrified vehicles. Future production will be located in China.

Global 259
article thumbnail

BASF boosts support for sustainable road construction with global distribution rights for RheoFalt rejuvenator

Green Car Congress

We are pleased to have won BASF for sales and the joint further development of our RheoFalt product. We see that the use of additives in bitumen needs to be controlled and improved to achieve good quality. The development of high-performance additives requires a knowledge center with high-quality test equipment and solutions.

Global 397
article thumbnail

Volkswagen Passenger Cars lifts global deliveries of BEV vehicles by 197% and of electric vehicles overall by 158% in 2020

Green Car Congress

Even though it was only introduced in the second half of the year, it ranked in the top of the sales charts in many countries almost right away. —Klaus Zellmer, the board member responsible for Sales of Volkswagen Passenger Cars. 3 was the most frequently delivered BEV in Finland, Slovenia and Norway in December.

2020 389