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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.

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JATO: global vehicle sales fall by 39% in March; electrified vehicles up to 17.4% new registration market share in Europe

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The outbreak of COVID-19 has already impacted the automotive industry significantly, according to JATO Dynamics, a leading provider of global automotive data and insight. Global vehicle sales totalled 5.55 —Felipe Munoz, JATO’s global analyst. Registrations fell in all 27 markets, but with varying severity.

Europe 261
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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. Other markets accounted for 4% of Volkswagen’s BEV deliveries. 4 and VW ID.5,

Global 89
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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. Both Hertz and Avis have lost about half of their market value this year.

Global 52
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Anjie Wireless licenses WiTricity technology for China EV market

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Under the terms of the agreement, Anjie Wireless will license WiTricity’s patented magnetic resonance technology and industry-leading designs to develop and commercialize highly efficient wireless electric vehicle (EV) charging systems for sale to leading carmaker brands in the China market.

China 249
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JATO: Euro car market drops 7.9% in June; SUV demand slows; Tesla posts highest market share gain

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The European car market dropped in June 2019 as 1.49 It was the biggest monthly drop so far in 2019, as only four out of the 27 markets included in JATO’s analysis posted growth but counted for a marginal 2.6% —Felipe Munoz, JATO’s global analyst. million vehicles were registered—down by 7.9% of total registrations.

Market 268
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Porsche and Boeing to partner on premium urban air mobility market; electric VTOL concept

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Porsche and Boeing signed a Memorandum of Understanding to explore the premium urban air mobility market and the extension of urban traffic into airspace. With this partnership, both companies will leverage their respective market strengths and insights to study the future of premium urban air mobility vehicles.

Porsche 265