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Toyota Motor Europe’s market share climbs to record 7.5% in first 9 months; Toyota brand 66% electrified sales, Lexus 79%

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Toyota Motor Europe (TME) reported sales of 813,547 Toyota and Lexus vehicles, a decrease of -6% year-on-year but still outperforming the European automotive market which fell by -16% over the same period. TME’s market share increased to a record 7.5%, marking an increase of +0.8%

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

Green Car Congress

In Seoul, Hyundai Motor Company unveiled a strategic roadmap to accelerate its electrification ambition as it pursues sustainable progress for the company. 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

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Lordstown Motors closes assets sale to Foxconn; JV agreement for MIH-based EV development

Green Car Congress

Lordstown Motors, an OEM of electric light-duty trucks focused on the commercial fleet market, has closed the sale of its Lordstown facility and signed a contract manufacturing agreement and joint venture agreement for product development with affiliates of Hon Hai Technology Group (Foxconn).

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VIA Motors sells 2,000 Class 3 electric chassis cabs to Pegasus Specialty Vehicles

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VIA Motors, a provider of electric drive technology and sustainable mobility solutions for a wide variety of Class 2 – 5 electric commercial vehicles applications, has received a purchase order for 2,000 Class 3 VIA electric cutaway chassis cabs from Pegasus Specialty Vehicles.

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Motor vehicle taxation brings in €440.4B for governments in major European markets

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New data shows that motor vehicles generate more than €440 billion in taxation per year for national governments in the major EU markets plus the UK, the European Automobile Manufacturers’ Association (ACEA) reports. The top 5 countries with the highest motor tax revenues are: Germany ? billion.

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Mitsubishi Motors targeting 50% electrified sales by 2030, 100% by 2035

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Mitsubishi Motors Corporation (MMC) unveiled its next Mid-Term Business Plan (MTP). Additionally, MMC will move to make 50% of global sales an EV by 2030, and then 100% of the fleet electrified by 2035 (“EV” specifically refers to a blend of plug-in hybrids (PHEV), hybrids (HEV) and pure electrics (BEV)).

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Tata Motors records marginal passenger vehicle sales growth in April

Baua Electric

By: HT Auto Desk | Updated on: 01 May 2024, 13:57 PM Tata Motors has witnessed a marginal growth with its passenger vehicle sales last month, while EV sales witnessed a slight decline. Tata Motors witnessed marginal growth in its passenger vehicle sales last month, while EV sales witnessed a slight decline.

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