Nearly Half of American Electric Vehicle Owners Considering a Switch to Gas-Powered Cars, Study Reveals
The study found that 46% of electric vehicle owners in the U.S. are likely to switch back to traditional gas-powered…
Geely Cracks Top 10 in Q1 Global Auto Sales in China Carmaker First
Geely's remarkable performance in the first quarter of 2024 highlights the growing influence of Chinese automakers in the global market,…
Automotive OTA Market Poised to Reach US$ 17 Billion by 2031
The global automotive over-the-air (OTA) market is expected to reach a substantial US$ 17 billion by 2031, experiencing a robust…
Auto Industry Shifts Focus from Sustainability to Geopolitical Risk in Sourcing Decisions
According to a survey of over 1,000 executives, automakers and suppliers are deprioritizing sustainability initiatives in their sourcing policies, shifting…
BMW Anticipates Increased Sales in China for 2023
BMW (BMWG.DE) is optimistic about achieving higher car sales in China this year, despite a localized price competition within the…
Audi Anticipates Modest 2023 Sales Increase Ahead of Major 2024 Electric Vehicle Push
Audi is poised to experience a slight uptick in sales this year, setting the stage for a much more robust…
VinFast Emerges as Third-Largest Global Automaker with Skyrocketing Market Cap
Vietnam's pioneering electric vehicle (EV) manufacturer, VinFast, has catapulted to become the world's third-largest automaker by market capitalization, following the…
China’s BYD Accelerates Mobility Ambitions with $2.2 Billion Acquisition of Jabil’s Unit
In a significant development, Chinese electric vehicle manufacturer BYD has sealed a deal to acquire the mobility business of Jabil's…
South Korea’s Hybrid Car Market Surges Past $4.56 Billion in H1 2023
In an impressive feat, South Korea's hybrid car market has surged to a substantial 6.12 trillion won (equivalent to $4.56…
Hyundai Strengthens Presence in India’s Auto Market with Acquisition of GM’s Plant
In a strategic move aimed at bolstering its position in the Indian automobile market, Hyundai has acquired General Motors' car…