Priority Tire has launched a new ‘EV Tires’ category on their website, offering a wide range of electric vehicle-specific tires designed for energy efficiency, longer range, and reduced road noise. This move reflects the company’s commitment to sustainability and meeting the evolving needs of the automotive market.
JSW MG Motor’s Halol plant in India is setting an example for gender inclusivity in the automotive industry, with 34% of its workforce being women. The company’s commitment to diversity, innovation, and community is evident in its initiatives to empower women and prepare them for the future of automotive manufacturing.
A new report reveals that the price of used electric vehicles is dropping more rapidly than gas cars, making them more accessible to a wider audience. This trend can be attributed to the increasing popularity of EVs, leading to a larger supply of used models and more competitive pricing. With more affordable options available, the shift towards electric transportation is becoming more feasible for many.
LD Carbon, a leading producer of recovered carbon black (rCB), has secured a Series C funding round led by Toyota’s Woven Capital. The investment will be used to expand LD Carbon’s operations, enabling them to recycle end-of-life tires and vehicles into valuable materials like rCB and pyrolysis oil. This sustainable approach aims to address the environmental concerns of traditional carbon black manufacturing while reducing dependence on virgin materials in the automotive industry.
Chinese electric vehicle (EV) giant BYD, backed by Warren Buffett’s Berkshire Hathaway, is making a bold move into the luxury EV segment with the launch of its premium brand’s first sedan, the Denza Z9GT. The move comes as BYD aims to compete with global automakers like Toyota and Volkswagen and shed its image as a low-cost automaker. The Denza Z9GT joins Denza’s existing lineup of SUVs and multipurpose vehicles, which have contributed to BYD’s dominance in the Chinese EV market. The luxury push is also seen as a way to increase profitability amid a price war that is squeezing margins on mainstream models.
European chip manufacturer STMicroelectronics has lowered its full-year sales guidance due to shrinking demand from automotive, laptop, and smartphone industries. The company, which counts Tesla and Apple among its customers, now expects revenue of $14 billion to $15 billion for 2024, significantly below its previous forecast of $15.9 billion to $16.9 billion.
In a TikTok video, mechanics from Accurate Auto share their thoughts on tire brands, explaining that they believe brand does matter when it comes to tire quality, longevity, and performance. They recommend brands like Goodyear, Michelin, and BF Goodrich, and advise against buying the cheapest tires available. They emphasize that higher-quality tires provide better traction, handling, and durability, and that the engineering and materials used in premium tires from reputable manufacturers make a significant difference in performance.
Automotive experts answer questions related to brake wear, noisy engines, fuel delivery concerns, and the discontinuation of the VW Beetle.
Hyundai has swept the automotive industry by winning three prestigious awards from U.S. News & World Report, recognizing the company’s leadership in the electric and hybrid vehicle market. The IONIQ 5 has been crowned Best Electric SUV, while the IONIQ 6 has earned the title of Best Electric Car, and the Tucson Hybrid has claimed the Best Hybrid SUV award. This remarkable achievement underscores Hyundai’s commitment to delivering exceptional vehicles that meet the evolving needs of today’s consumers.
Tesla stock is witnessing a significant rebound, surging by 12% premarket, propelled by CEO Elon Musk’s announcement of the company’s shift towards more affordable models. This move aims to address the widening gap between production and sales, particularly in China and the US. Despite widespread skepticism among analysts, the company’s predictive AI had anticipated this rebound, providing subscribers with the opportunity to capitalize on the surge. Additionally, the AI’s successful predictions regarding Biogen and Boeing’s recent earnings performances underscore its robust methodology for identifying potential winners.
