Page 3 - Electric Cars

Under pressure in China, Mercedes-Benz trims 2024 car profit outlook

The company said it now expected an adjusted return on sales in the range of 10-11 per cent this year, down from its previous target range of 10-12 per cent

GM indefinitely delays plans of self-driving vehicle without steering wheel

In 2022, GM filed a petition with the National Highway Traffic Safety Administration seeking permission to deploy up to 2,500 self-driving Origin vehicles annually without human controls

Porsche tones down EV ambitions, says mobility transition will take 'years'

"The transition to electric cars is taking longer than we thought five years ago," Porsche said in a statement

Volvo's Q2 EBIT beats estimates, but cuts full-year forecast citing tariffs

Volvo Cars produced 211,900 cars in the second quarter, more than they sold, as demand for electric cars in Europe has dropped.

Chinese EV giant BYD sets sights on aggressive expansion in Vietnam

Vietnam's government said last year BYD had decided to build a factory to manufacture electric cars in the north of the country but those plans have slowed

Tesla's share of US electric car market slips below 50% for first time

The numbers are the latest sign that Tesla is losing its dominance in a market it in effect created in 2012 when it introduced the Model S sedan

China's BYD launches third EV in Japan, unveils most expensive model

The expansion of BYD, which stands for Build Your Dreams, in Japan could become a worry for domestic automakers

Proxy adviser urges Tesla shareholders to reject Elon Musk's pay package

The opposition comes days after another prominent proxy adviser, Glass Lewis & Co., recommended investors vote down the Musk remuneration plan

Will increase production to meet demand, deliver 120K EVs: Xiaomi

In China, Xiaomi's largest market for its smartphone business, shipments rose 8.6%

Centre to conduct second round of consultation for new EV schemes

The Ministry of Heavy Industries will release policy guidelines and start accepting applications after July 15

Tesla sends top executive Tom Zhu back to China as sales slump worsens

After surging 15 per cent following Musk's Beijing visit, the stock has retraced more than half those gains, as the company deals with a myriad of issues

No Maruti Suzuki EVs for India this year. Wait till FY26: RC Bhargava

The Maruti Suzuki chief said that his company has been capitalising on this SUV surge, adding that MSIL's introduction to the EV market is unlikely until the end of FY25

Maruti Suzuki India plans to sell 2 million vehicles this fiscal year

The company, which is launching the new generation Swift and Dzire models later this year, is hoping to boost overall sales volume

Why rise of hybrid cars is being seen as vital transition phase to electric

The global market for electric passenger vehicles is concentrated in three areas: China, the US, and Europe, which accounted for 95 per cent of global electric sales last year

EVs pile up at European ports as Chinese firms struggle to find buyers

Chinese makers will have to contend with buyer wariness, a lack of brand image, trade protectionism and rapid outdatedness

Statsguru: Record run for electric cars globally, lower pickup in India

The value-conscious nature of the Indian consumer is playing a role. The cost of ownership over the lifetime of the vehicle is significantly lower for electric two-wheelers and three-wheelers

Electric cars, digital connectivity dominate at Beijing auto show

Global automakers and EV startups unveiled new models and concept cars at China's largest auto show on Thursday, with a focus on the nation's transformation into a major market and production base for digitally connected, new-energy vehicles. Toyota and Nissan both announced tie-ups with major Chinese technology companies as they strive to meet customer demand for AI-enabled online connectivity in cars, from social media apps to autonomous driving features. Electric vehicles accounted for about a quarter of all auto sales in China last year. Hybrids, which have trailed EVs, are expected to be a growing segment going forward. China's largest EV maker, BYD, showed off two dual-mode plug-in cars that can run either solely on electricity or as hybrids. The other is a hybrid off-road SUV from its luxury Yangwang brand in the 1 million Yuan-plus (USD 1,40,000) range. China's EVs, represented by (BYD's) Qin and Han series, have successfully realized the large-scale replacement of traditio

Xiaomi locks in over 75K orders for SU7, targets 10K deliveries in June

The delivery target sets a record for an electric vehicle (EV) startup, Lei said during an event on the first media day of the Beijing auto show

Electric car sales likely to rise but affordability in focus, says IEA

Ten million of those vehicles are expected to be sold in China

Sales of first electric car 'SU7' 3-5 times higher than expected: Xiaomi

Lei, Xiaomi's founder, made the comments during a two-hour livestream on Douyin, the Chinese equivalent of TikTok, that garnered over 34 million viewers