Results for: Electric cars

Chinese electric car brand Zeekr, owned by Geely, is outperforming Tesla in certain regions of China and plans to expand into Europe and Latin America this year. Despite Tesla reporting its largest global quarterly revenue drop since 2012, Zeekr has seen a surge in sales. According to Zeekr’s data, it outsold Tesla in the provinces of Zhejiang, Anhui, and Guangxi during the first three weeks of April. While Tesla’s Model Y remains the bestseller in China for battery-powered electric cars priced above 200,000 yuan, Zeekr’s 001 and 007 models rank among the top sellers in their respective price categories. Zeekr’s CEO, Andy An, declined to comment on the recent launch of Xiaomi’s electric sedan but highlighted the differences in strategy and resources between the two companies. At the Beijing auto show, Zeekr unveiled a new car structure that offers more interior space. An emphasized the company’s focus on creating a smart mobility experience, with future vehicles designed to accommodate activities such as gaming and dining. Zeekr expects overseas sales to boost revenue this year, with plans to enter six to eight additional countries in Europe and expand into Latin America. The company is also developing right-hand drive cars for markets like Hong Kong, Macao, and Singapore. An confirmed that Zeekr is exploring the possibility of building factories overseas but provided no specific details. Long-term support from its parent company Geely, which owns Volvo, provides Zeekr with access to resources and expertise. An emphasized the importance of combining talent, technology, and capital for long-term success in the automotive industry. Zeekr has filed for an IPO on the New York Stock Exchange but has not yet announced a listing date.

A record-breaking consignment of 4,694 electric cars has been delivered to the Port of Bristol, the largest shipment of cars ever received at the port. The majority of the vehicles are Chinese-made MG electric models, with some retailing for under £10,000. China’s dominance as the world’s leading electric car producer is raising concerns about potential intelligence gathering by hostile states, prompting a top-level review into the matter.

Hyundai Motor America has been recognized as the brand with the most hybrid and electric awards from U.S. News & World Report for 2024. The IONIQ 5 has been named Best Electric SUV, the IONIQ 6 has won the Best Electric Car title, and the Tucson Hybrid has earned the Best Hybrid SUV distinction. This recognition underscores Hyundai’s commitment to offering high-quality, efficient, and value-driven vehicles that meet the evolving needs of customers.

Tesla shares surged after the company announced plans to increase sales this year and introduce more affordable models in 2025. This news helped offset concerns about recent layoffs, executive departures, price cuts, and a postponed meeting with India’s prime minister. Tesla’s growth strategy is expected to strengthen shareholder support ahead of a vote on CEO Elon Musk’s controversial compensation package.

Tesla is set to report its earnings after the market closes today. The electric car maker has been on a roller coaster ride in recent months, with its stock price fluctuating wildly. Analysts are expecting Tesla to report a loss per share of $0.20 on revenue of $24.6 billion. This would compare to a loss per share of $0.33 on revenue of $20.1 billion in the same period last year. Tesla’s stock is currently trading at $145.06, up $3 or 2.09% on the day. The stock has been on a downward trend since reaching a high of nearly $300 in July. Analysts have mixed opinions on Tesla’s stock, with some believing that it is undervalued and others believing that it is overvalued.

Electric cars are gaining popularity, but women are less likely to invest in them due to concerns about costs, practicality, and safety. This article explores the reasons behind this gender gap and offers solutions to make electric vehicles more appealing to women.

The new all-electric Porsche Macan is here, inheriting the iconic Porsche DNA while embracing the future of electric mobility. With its familiar exterior design, it seamlessly blends the heritage of the Macan with the latest electric technology. The Macan EV is available in two variants: the 4 and the Turbo, both offering impressive performance and charging capabilities. Inside, the cabin shares similarities with the larger Cayenne, featuring an updated design with a focus on ergonomics and user experience. With its responsive touchscreen, physical controls, and augmented reality head-up display, the Macan EV provides a user-friendly and engaging driving experience.

The European Court of Auditors has raised concerns about the EU’s plan to ban the sale of petrol and diesel cars by 2035. Auditors argue that the EU’s dependence on overseas suppliers for raw materials and batteries needed for electric vehicles could lead to a surge in electric car imports from China, threatening European industrial sovereignty.