Tag: VW

This $15,000 Toyota EV is selling faster than expected

Toyota’s new electric SUV is a surprise hit in China. Starting at just $15,000, the Toyota bZ3X is already the top-selling joint venture brand EV. The $15,000 Toyota bZ3X is the top-selling foreign EV After launching the bZ3X in March, Toyota’s joint venture, GAC Toyota, claimed that orders were “so popular that the server crashed.”… Continue reading This $15,000 Toyota EV is selling faster than expected

@VW Group: Audi customer team Eastalent Racing takes the lead in the International GT Open standings010407

A number of Audi Sport customer racing customers are on top form at the halfway point of the year: For the first time this year, a driver duo is leading the International GT Open in GT3 racing, while another team is extending its lead in GT4 racing across Europe. The situation in TCR Europe is… Continue reading @VW Group: Audi customer team Eastalent Racing takes the lead in the International GT Open standings010407

Blue Train: Driving the vintage GT that’s inspired Bentley’s future

No one came. No one, that is, except for curious tourists by the dozen. It went to prove what any vintage car owner will tell you: the general public is interested in and entirely unthreatened by old cars and has an instinctive liking for their antiquity. While they swirled, we took a minute to savour… Continue reading Blue Train: Driving the vintage GT that’s inspired Bentley’s future

Bentley begins new era with radical raised limousine

Bentley has revealed a dramatic, high-riding limousine concept that previews the design of its upcoming cars – and it could evolve into a successor to the Mulsanne flagship. Called the EXP 15, this 5.4m-long show car will inspire the shape and styling of the next generation of Bentley cars, beginning with its first EV, an… Continue reading Bentley begins new era with radical raised limousine

NIO Trading Below 5-Year Average P/S: Time to Buy, Sell or Hold?

NIO Inc. NIO is currently trading at a forward 12-month price/sales (P/S) of 0.46X, down from its five-year average of 1.63X but at par with the Zacks Automotive-Foreign industry. The closest rivals of NIO, XPeng Inc. XPEV and Li Auto Inc. LI, are currently trading at forward P/S of 1.30X and 1.04X, respectively. Zacks Investment… Continue reading NIO Trading Below 5-Year Average P/S: Time to Buy, Sell or Hold?

Factbox-China’s carmakers expanding their presence in Europe

(Reuters) -Chinese automakers are expanding in Europe, betting on their competitive pricing and advanced technology to break into a market traditionally dominated by European and American brands, amid a global shift towards electric vehicles. This expansion has stoked trade tensions between Brussels and Beijing, including a row over EU tariffs on Chinese-made EVs, imposed to… Continue reading Factbox-China’s carmakers expanding their presence in Europe