October 3, 2024 – Tokyo, Japan:- Nissan Motor Co. is facing a financial crisis that could lead to bankruptcy within the next two years, analysts warn. The company, burdened by significant debt rated as “junk,” is grappling with plummeting sales, shrinking profits, and mounting challenges in adapting to the rapidly changing automotive industry. Nissan’s CEO … Read more
October 15, 2024 – Shanghai, China:- MG unveiled its latest all-electric crossover, the MG ES5, in the Chinese market today. This compact family car features a stylish design, advanced technology, and a range of up to 525 km. MG also announced plans to bring the ES5 to Europe, where it will compete with the BYD … Read more
October 3, 2024, Palo Alto, CA – The Tesla Model Y has made its debut, positioning itself to revolutionize the electric SUV market. Combining performance, advanced technology, and innovative design, it promises to deliver on Tesla’s reputation for redefining sustainable mobility while maintaining the luxury expected from the brand. The Model Y stands out with … Read more
October 3, 2024 – Stuttgart, Germany:- Denza, a luxury car brand co-founded by Mercedes-Benz in 2010, has recently transitioned to full ownership under BYD. This shift comes after reports revealed that Mercedes-Benz sold its remaining 10% stake in the company, following its previous reduction of ownership in 2021. The change in ownership comes as Denza … Read more
In a significant development in the electric vehicle market, BYD announced record sales in August 2024, selling over 373,000 vehicles, marking a remarkable achievement in the industry. This surge is attributed to BYD’s unique approach, where the company maintains a vertically integrated model, producing its own batteries and chips. Unlike competitors such as Tesla, which … Read more
September 14, 2024 – São Paulo, Brazil:- BYD, the renowned Chinese manufacturer of new energy vehicles, has made another significant move in the South American market with the launch of the Yuan Pro in Brazil. Unveiled on September 5th, the compact all-electric SUV, also known as the Yuan UP in China, marks BYD’s 11th model … Read more
September 14, 2024, Guangzhou, China – The electric vehicle (EV) revolution is rapidly transforming the global automotive landscape, with Xpeng Motors, a leading Chinese EV manufacturer, at the forefront of this shift. Known for its innovative mindset, state-of-the-art technology, and strong commitment to sustainability, Xpeng has quickly become a key player in the global EV … Read more
September 3, 2024 Hong Kong In a decisive move to strengthen market confidence, Chinese electric vehicle (EV) manufacturer Leapmotor announced today that major shareholders, including Chairman and CEO Xu Jangming, alongside key investors Fuen and his spouse, are set to increase their holdings in the company. This announcement follows a similar strategic investment by He … Read more
Introduction XPeng Motors has recently taken the automotive world by storm with a move that could potentially reshape the electric vehicle (EV) landscape. The Chinese automaker has managed to sell over 10,000 units of its new electric car within just 50 minutes of its release—a feat that has generated significant buzz in China but remains … Read more
August 17, 2024 Xiaomi, a company renowned for its cutting-edge smartphones, is making waves in the electric vehicle (EV) market with the announcement of the SU7 Ultra, a super-fast variant of its SU7 sedan. This new model, featuring an astonishing 1,548 horsepower and a mind-blowing 0 to 60 MPH acceleration time of under 2 seconds, … Read more