Chinese EV giant charges into Europe
Chinese EV giant BYD takes a bold step towards European dominance with a new Berlin store.
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Xinjiang initiates extensive electric vehicle production, aiming for Central Asian markets
Xinjiang, a region in northwest China, has unveiled plans to embark on large-scale electric vehicle (EV) production with a strategic focus on capturing Central Asian markets.
LG energy solution Q4 Net Profit drops 31% amid slowing EV demand
Despite these challenges, LG Energy Solution witnessed a significant boost in operating profit, which surged 43% year-on-year to 338.2 billion won in the fourth quarter. The increase was attributed to U.S. tax credits and robust sales in the United States.
Hyundai and Kia target 1 million eco-friendly car sales in the U.S. following record year
Hyundai Motor Group aims to achieve cumulative sales of 1 million eco-friendly vehicles in the U.S. since 2011, building on their record-breaking 2023 with combined sales exceeding 1.6 million Hyundai and Kia vehicles.
India gears up for green shift: trade department favors lower hybrid car taxes
Hybrid vehicles, with their dual combustion engine and electric motors, occupy a curious space in the automotive world. They offer significant fuel efficiency and emissions reductions compared to traditional gasoline cars but still fall short of the zero-emissions nirvana promised by electric vehicles (EVs).
China dominates lidar technology, taking the lead in autonomous driving innovation
Chinese companies have surged ahead in the development of light detection and ranging (lidar) sensors, a critical component for self-driving technology.
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