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
Beijing, China, September 2024 – China’s new energy vehicle (NEV) market is witnessing substantial growth, reflecting increasing demand and favorable market conditions. According to data released today by the China Passenger Car Association (CPCA), retail sales of NEVs in the first eight days of September reached 214,000 units, marking a 56% year-on-year increase and an … Read more
August 21, 2024 – Honda is reintroducing a hybrid option for the 2025 Civic, marking its return to the lineup after a hiatus since the 2015 model year. The 10th-generation Civic omitted a hybrid model, with the Civic-adjacent third-generation Insight filling the hybrid gap until its discontinuation in 2022. This comeback is a significant development … Read more