Last week, the Biden administration announced its decision to award nearly $2 billion in grants to boost electric vehicle (EV) manufacturing and assembly across eight states, including key battlegrounds in Michigan, Pennsylvania and Georgia. General Motors will receive $500 million to convert a Lansing, MI plant for EV production, supporting a U.S. battery supply chain.… Continue reading EV Roundup: BYDDY’s Acquisition of Rever & LCID’s Recalls Draw Attention
Tag: Volvo
European autos, clean energy feel the pinch of Trump 2.0 bets
Barclays has forecast a 20% U.S. tariff on European carmakers could hurt the euro. Volvo Car, Mercedes and part suppliers Forvia and Valeo fell between 1.6 and 3.3%. A sell-off in the shares of some European carmakers and renewable energy firms entered a second day on Tuesday on growing concerns over potential U.S. policy risks… Continue reading European autos, clean energy feel the pinch of Trump 2.0 bets
Kia India voluntarily recalling 1,138 units of EV6
Kia India is voluntarily recalling 1,138 units of its EV6 due to a potential error in the Integrated Charging Control Unit (ICCU), which could affect the performance of the 12V auxiliary battery. It has affected the EV6s manufactured between March 3, 2022 and April 14, 2023. A similar recall was issued for the Kia EV6’s… Continue reading Kia India voluntarily recalling 1,138 units of EV6
New cars, SUVs launched in first half of this year
Just over six months into 2024, the automotive industry has witnessed a host of new launches ranging across different segments. Here’s a list of all new cars and SUVs that have been launched in India so far this year. Disclaimer: Do note that we have only considered all-new cars in this list and not facelifts… Continue reading New cars, SUVs launched in first half of this year
Mercury Insurance Names the Most Affordable New Sedans to Insure
Two Hyundai products top this year’s list LOS ANGELES, July 12, 2024 /PRNewswire/ — Specific sedan models are once again some of the most affordable vehicles to purchase and own, according to Mercury Insurance (NYSE: MCY), a leading auto insurer in California. Announced today, Mercury has compiled a list of the most affordable new sedans to insure. This… Continue reading Mercury Insurance Names the Most Affordable New Sedans to Insure
Volvo CE brings Korean undercarriage parts makers to set up base in India
Volvo Construction Equipment (Volvo CE) India has facilitated the arrival of two Korean manufacturers of undercarriage parts to set up their base in the country, in what is a clear sign of increasing localisation. These manufacturers will be supplying not only to Volvo but also other players in the market, Dimitrov Krishnan, Managing Director of… Continue reading Volvo CE brings Korean undercarriage parts makers to set up base in India
UP’s sops for hybrid vehicles irk EV companies, add to industry’s June sob story
Sales of electric cars in June plunged 13.5% from the year earlier, having suffered a marginal drop in May, triggering fears that the Indian market may be following global trends. New Delhi: The Uttar Pradesh government’s recent decision to provide incentives for hybrid vehicles has irked electric vehicle (EV) manufacturers, especially as it comes hard… Continue reading UP’s sops for hybrid vehicles irk EV companies, add to industry’s June sob story
Volvo sells 388,073 cars in H1 2024, up 14%, electrified models share rises to 45%
Volvo Cars has reported global sales of 71,514 cars in June, up 8% compared to the same period last year. The sales increase was primarily driven by a strong performance in Europe and Latin America and the company’s fully electric small SUV, the EX30. The company’s sales of electrified models, fully electric and plug-in hybrid… Continue reading Volvo sells 388,073 cars in H1 2024, up 14%, electrified models share rises to 45%
SINOTRUCK – HOWO: 20 ans de savoir-faire pour un parcours exceptionnel
JINAN, Chine, 12 juillet 2024 /PRNewswire/ — En 20 ans, un secteur peut connaître des bouleversements majeurs, et l’industrie des poids lourds ne fait pas exception. Au cours de ces deux décennies, de nombreuses marques de poids lourds autrefois prospères ont peu à peu disparu dans les tumultes du marché. Cependant, malgré ces transformations, quelques… Continue reading SINOTRUCK – HOWO: 20 ans de savoir-faire pour un parcours exceptionnel
SINOTRUK HOWO: 20 Years of Ingenious Journey
JINAN, China, July 11, 2024 /PRNewswire/ — 20 years is enough time for an industry to undergo profound changes, and the heavy-duty truck industry is no exception. During the past two decades, many once brilliant heavy-duty truck brands have gradually faded away, disappearing into the currents of the market. However, amidst this widespread transformation, there… Continue reading SINOTRUK HOWO: 20 Years of Ingenious Journey