August 7, 2024 – Ford Motor Company has announced a 31% year-over-year increase in its pure electric vehicle (EV) sales in the U.S. for July 2024. This significant growth underscores Ford’s strong performance in the electric vehicle sector and further solidifies its position in the global EV market. According to the data released by Ford, the company achieved a record high in pure electric vehicle sales for July. The surge is attributed to the popularity of several new electric models, including the F-150 Lightning and the Mustang Mach-E. In particular, the F-150 Lightning has been highly sought after since its launch, becoming a key player in the electric truck […]
According to foreign media reports, Hyundai, Kia, Tata and Mahindra are lobbying India’s most populous state, Uttar Pradesh, not to provide incentives for hybrid cars, saying that such a move would help their rivals, Toyota and Maruti Suzuki, and would also strike a blow to India’s goal of popularizing electric vehicles and its investment Plans. The letters from each of these four car companies to the Indian state of Uttar Pradesh underscore the fierce competition between car companies in the Indian market. Currently, the country’s tax policy is gradually favoring electric vehicles. Last month, the state of Uttar Pradesh, which […]
On August 5, the Society of Motor Manufacturers and Traders (SMMT) lowered its forecast for new car sales in the UK for 2024, citing weak demand in the private retail market for electric vehicles as a primary concern, Reuters reported. According to the SMMT’s latest forecast, new car sales in the UK are expected to come in at 1.97 million this year, down from a previous forecast of 1.98 million, and it has cut its annual market share forecast for purely electric vehicles to 18.5 percent from 19.8 percent previously. The latest registration figures from the SMMT show that last […]
According to foreign media reports, the U.S. National Highway Traffic Safety Administration (NHTSA) has said that the agency still believes that the 49 million U.S. vehicles produced by 13 automakers equipped with airbag inflators have serious safety risks, and is considering a recall. The problem has caused one death and seven injuries in the U.S. after an eight-year-long investigation by the U.S. government. If the recall goes forward, it will be the second largest in U.S. history. The NHTSA suggested at a hearing last October that the inflators made by two airbag makers could rupture, […]
August 7, 2024 – Lynk & Co has announced that the highly anticipated 2025 Lynk & Co 08 EM-P will officially launch in August 2024. The new model promises significant configuration upgrades, enhancing its competitiveness in the luxury SUV market. The 2025 Lynk & Co 08 EM-P continues to showcase the brand’s distinctive design language with a more dynamic and streamlined body shape. The front features new LED headlights and a wide air intake grille, giving the vehicle a more striking visual presence. Additionally, the new model offers a range of luxurious body colors and exterior trim options, further elevating its overall aesthetic. In terms of configuration, the […]
August 6, 2024 – Newark, CA – Lucid Motors, the electric vehicle manufacturer, announced today a net loss of $790 million for the second quarter of 2024. This figure represents a significant increase compared to the $635 million loss reported in the same period last year. The company’s financial results were disclosed in its quarterly earnings report, revealing that revenue for Q2 2024 was $320 million, up from $280 million in Q2 2023. Despite the increase in revenue, the substantial net loss highlights ongoing challenges for Lucid Motors as it continues to scale production and expand its market presence. Lucid Motors’ CEO, Peter Rawlinson, addressed the results in […]