Market research firm Rho Motion reveals that global sales of fully electric and plug-in hybrid vehicles (PHEVs) exhibited a 31% increase in 2023, signaling a …
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Last year, Zeekr sold 118,685 cars, witnessing a 65% growth as compared to 2022. However, it missed its target of selling 140,000 units.
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In November last year, VinFast appointed Pham Sanh Chau as its India CEO, who is a Vietnamese politician, educator and diplomat.
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In 2023, both Hyundai and Kia sold 7.3 million vehicles, about 3% less than their combined target of 7.52 million.
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Tesla increased discounts and offered incentives like six months of free fast charging if customers took deliveries by December-end.
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With the onset of the new guidelines, the number of EV models qualifying for US EV tax credits fell from 43 to 19.
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Slow sales led Tesla to leverage its industry-leading margins and slash prices of its four car models globally this year.
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Mass production of the revamped Tesla Model Y is expected to begin by mid-2024 in the Shanghai Giga factory.
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NIO ET9 is available for pre-order in China while its delivery is expected to begin in the first quarter of 2025.