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Tesla China February 2024 sales see 18.87% YoY decline, mirroring industry trend

Teslarati

Data from the China Passenger Car Association (CPCA) has revealed that Tesla China’s sales of Giga Shanghai-made vehicles declined in February 2024. The decrease came amidst the Chinese New Year holiday, which appears to have impacted China’s general automotive sector last month. Domestic sales were 36.5k

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Mahle finalises sale of thermostat business to industrial firm Admetos | Autocar Professional

Baua Electric

German Tier-1 giant Mahle, which specialises in powertrain, mechatronics, and electronics components among others, has finalised the sale of its automotive thermal management – thermostat business – to a German industrial and investment holding firm Admetos.

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TSMC sees annual sales growth to reach 10% in semiconductor industry – ET Auto

Baua Electric

Taiwanese contract chipmaker TSMC , a major supplier to Apple and Nvidia , on Thursday forecast an annual revenue growth of 10% in the global semiconductor industry , excluding memory chips. World Semiconductor Trade Statistics has forecast growth of 13.1% for the global semiconductor market in 2024.

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December 2023 EV News Recap: EV Sales Growth Slows

Electric Driver

December 2023 was a significant month for the electric vehicle (EV) industry, with several noteworthy developments and news stories making headlines. In this article, […] The post December 2023 EV News Recap: EV Sales Growth Slows appeared first on Electric Driver.

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Sales jump, but industry warns Australia still an “afterthought” for EV makers

The Driven EV News

Australia’s peak electric vehicle body again calls for vehicle emissions standards, as EV sales leap, but still lag well behind other key markets. The post Sales jump, but industry warns Australia still an “afterthought” for EV makers appeared first on The Driven.

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Ford’s November sales paints revealing picture of US auto industry as EV adoption climbs

Electrek

Ford released its US auto sales for November today, and although electric vehicle sales were up over 100% YOY for the fifth straight month, gas-powered car sales continued to slide. The sales report highlights the direction in which the US auto industry is headed – forward.

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Panasonic seeks to expand business in the auto industry 

Teslarati

Panasonic seeks to expand its business in the automotive industry, starting with building relationships at CES 2024. Panasonic Automotive’s US technology chief, Andrew Poliak, shared with Automotive News that the department is looking into producing infotainment systems, cameras, head-up displays, and audio systems.