Oslo, Norway – Tesla has announced a significant milestone in Norway, having established over 2,000 charging stations across the country. This development underscores Tesla’s ongoing expansion in the European market and successful implementation of its electric vehicle sales strategy. Norway, known for having one of the highest rates of electric vehicle adoption globally, holds strategic importance for Tesla. The increase in Tesla’s charging infrastructure density and quantity not only supports the daily charging needs of existing Tesla owners but also aims to attract more potential consumers to choose electric vehicles. “Establishing a network of 2,000 charging stations in Norway is a crucial milestone in our service expansion,” stated […]
Analysts at JPMorgan Chase & Co. expect BYD to deliver 6 million vehicles globally over the next two years, according to Bloomberg, which raised its price target for BYD shares by more than 80 per cent. Based on data compiled by Bloomberg, JPMorgan now has the highest price targets for BYD’s shares in Hong Kong and Shenzhen, raising them to HK$475 (RMB 442) and RMB 440, respectively, while rating BYD’s stock as a “hold”. The bank expects BYD to deliver about 1.5 million vehicles in overseas markets by 2026, while deliveries in its home market in […]
According to foreign media reports, Mercedes Benz chief technology officer Markus Schaefer said on 8 July that the company will wait and see if demand for electric vehicles will pick up before increasing battery capacity. Mercedes-Benz had said in 2022 that by 2030, the company will need more than 200 GWh of battery capacity, and plans to build eight battery factories around the world with partners, four of which are located in Europe. However, with current market demand for electric vehicles lower than many automakers expect, Mercedes said earlier this year that it doesn’t expect sales of […]
Tianqi lithium, salt lake shares, huayou cobalt, ganfeng lithium, yongxing material, in mining resources, rongjie shares, jiangte electric machinery, wei lead shares and many other upstream lithium resources enterprise performance in the first half of the year “cold”. Data show that as of the evening of 9 July, a total of 1,346 A-share companies disclosed 2024 first-half results forecast, 894 companies with a profit, accounting for more than 60%. Among them, 322 companies performance forecast, more than 80 companies are expected to turn a loss into a profit. A shares of listed companies in the first half of the performance […]
Stuttgart, Germany – Porsche has announced its commitment to phase out production of certain internal combustion engine (ICE) models, marking a significant shift towards electric vehicles (EVs) in its lineup. This decision reflects Porsche’s strategic vision to prioritize sustainable mobility and respond to growing global demand for electric cars. The move comes as part of Porsche’s broader strategy to embrace electrification and reduce its carbon footprint. By discontinuing ICE models, Porsche aims to accelerate the adoption of electric vehicles while maintaining its reputation for high-performance and luxury. “We are moving towards a future where electric mobility plays a central role in our product portfolio,” stated Oliver Blume, Chairman of […]
Honda Motor said on 9 July that it will stop vehicle production at its Ayutthaya province plant in Thailand by 2025 as the company plans to consolidate its Thai output to its Prachinburi province plant, Reuters reported. Honda’s move underscores the increasingly difficult situation the company faces in Thailand as consumer demand for electric vehicles continues to grow and Chinese automakers are aggressively seeking to gain market share in the country. A Honda spokeswoman said its Ayutthaya plant in Thailand, which first started production in 1996, will start producing auto parts after it stops making cars next […]