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Can Chinese EV Makers Make it Big in Japan?
For an automotive market like Japan, which is the base of global giants like Toyota, Honda, Nissan and Mazda, and saw early entry of hydrogen-fuel vehicles, it is easy to assume that the country would...
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Thailand Leads Southeast Asia EV Market With 60% Share
Southeast Asia’s electric vehicle sales grew 35% YoY in Q3 2022. The top five brands accounted for almost 67% of the region’s passenger EV sales. The sales are expected to cross 3.5 million units by...
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Tesla Leads US EV Market, Eclipsing Next 15 Brands Combined
EV sales in the US grew by 52% YoY during Q3 2022. Top 10 EV models constituted almost 70% of EV sales. US EV sales are expected to exceed 10 million units annually by 2030. New Delhi, London, San...
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Berlin Factory Takes Tesla to Top Spot in Europe EV Sales as Chinese Brands...
EVs contributed over 29% of Europe’s total passenger vehicle sales in Q4 2022. Chinese EV brands sold nearly 58,000 units in Europe during 2022. Europe’s EV sales are expected to exceed 4 million...
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Electric Vehicles Gain Ground in Southeast Asia; Thailand Dominates Volumes
Thailand led the region’s passenger EV sales in 2022 with a 58% share. Nearly two in three EVs sold in 2022 were BEVs. Wuling’s newest model Air EV was the region’s bestseller. New Delhi, London, San...
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EV Sales in US up 54.5% YoY in 2022; Tesla Market Share at 50.5%
BEVs accounted for 80% of EV sales in the US in 2022. In 2022, Tesla captured over 50% of the US EV market. EV sales are expected to exceed 1.9 million units in 2023. New Delhi, London, San Diego,...
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US EV Sales Up 79% YoY in Q1 2023 Helped by Tax Credit Subsidy
Tesla sold more EVs than the next 18 automotive groups combined in Q1 2023. Brands like Hyundai, Audi, BMW, Volvo and Nissan remain ineligible for the EV tax credit. US EV sales expected to reach near...
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China EV Sales Defy Subsidy Cuts, Maintain Strong Growth in Q1 2023
BYD continued to lead China’s increasingly competitive EV market. The market share of foreign brands declined by 4% points. EV sales are expected to exceed 8 million units in 2023. Beijing, New Delhi,...
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European EV Sales Increased Over 13% YoY in Q1 2023 with Tesla Model Y as...
EV sales penetration dropped to 18.4% in Q1 2023 from 27.6% in Q4 2022 Tesla Model Y was the best-selling EV model across all major countries except Spain. EV sales penetration is expected to exceed...
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Southeast Asia BEV Sales Grow 10x YoY in Q1 2023, Thailand Leads
Thailand accounted for over 75% of BEV sales in the SEA region during Q1 2023. Three out of every four BEVs sold were from a Chinese automaker. The top three groups accounted for 68% of BEV sales....
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US BEV Sales Up 57% in Q2 2023, Rising Inventories Pose Challenge
Every second BEV sold in the US in Q2 2023 was a Tesla. BEV sales by foreign brands more than doubled YoY to 81,000 units. Annual BEV sales are expected to exceed 1 million units by the end of 2023....
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China’s EV Makers Face Q2 2023 Domestic Slowdown as Overseas Markets Set to...
China’s EV market growth continued to slow, with Q2 2023 EV unit sales seeing a rise of only 37% YoY – lower than the global average Strong results from four of China’s big 5 EV makers were offset by...
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All Charged Up: EV Battery Sales Soar 54% YoY in H1, CATL Leads
Chinese battery suppliers held nearly two-thirds of the EV battery market. Tesla, BYD and Volkswagen installed nearly 45% of total EV batteries in H1 2023. Annual EV battery demand is expected to...
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Global BEV Sales: China Players Surge Ahead, Despite Roadblocks
Global battery EV (BEV) sales grew 29% YoY in Q3 2023. In the US, OEMs manufactured more EVs than they sold, leading to an inventory glut. Global BEV sales are expected to reach almost 10 million...
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Tesla Guides Weak 2024 EV Sales, Other Segments Set to Surge
Tesla’s sales could grow 20% YoY to 25% YoY in 2024, lower than the 30% or 40% levels seen in previous years. Launch of Tesla’s compact sub-$25,000 car in 2025 has the potential to increase the...
View ArticleGuest Post: Digital Automotive – Radio Wars
The issue of AM radio in vehicles sold in the US has been debated for many years, but electric vehicles (EVs) bring this issue to a head, meaning that the most likely outcome is that AM radio becomes...
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Denso’s Q4 2023 Revenue Up 14% YoY, FY2024 Appears Bright
Denso’s Q4 revenue boosted by strong car sales in Japan and North America. Denso makes upward revision to FY2024 revenue forecast provided in Q3 2023. Denso set to benefit from rising adoption of...
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Global EV Sales Jump 18% in Q1 2024 on PHEV Momentum, China Leads With 28%...
PHEV sales* saw a significant rise with a 46% YoY growth, while BEV sales increased by just 7% YoY as OEMs gradually pulled off their BEV supply targets. China remained the global leader in EV* sales...
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BEV Sales to Hit 10 Million in 2024; Hybrids Growth to Beat BEVs, ICE to Decline
BEV milestone: BEV sales will hit the 10-million milestone in 2024 on the resumption of long-term decline for ICE vehicles, whose market share is projected to drop below 50% in four years. Regional...
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