Last month, the company was upgrading the Tesla Giga Shanghai's production lines to increase output later this year.

Filed under: Green,Plants/Manufacturing,Tesla Continue reading Tesla's July sales of Chinese-made vehicles slide due to factory line upgrades Tesla's July sales of Chinese-made vehicles slide due to factory line upgrades originally appeared on Autoblog on Tue, 9 Aug 2022 09:00:00 EDT. Please see our terms for use of feeds. Permalink |  Email this |  Comments

Tesla’s (TSLA) sales in China are down more than 60% month-to-month in July, but Gigafactory Shanghai’s planned upgrade is to blame. more… The post Tesla (TSLA) sales and export in China are down, but factory upgrade is to blame appeared first on Electrek.

EVs are still far from mainstream, but a 60 percent rise in new-EV registrations is definitely a sign they're getting closer.

One of the largest global automakers, Stellantis, posted its first-half earnings for 2022. Stellantis’s electrification strategy is paying off so far as it takes second place globally in BEV and low emission vehicle (LEV) sales. more… The post Stellantis achieves record first half 2022 earnings, BEV sales climb nearly 50% YOY appeared first on Electrek.

As expected, the new incentive scheme is having an obvious impact.

A recent analysis from market research company SNE Research has revealed that Tesla’s battery suppliers are dominating the industry. Tesla supplier CATL, for example, has grown so much that it now commands a market share of 34.8% in the first half of 2022.  SNE Research noted that in 1H22, electric vehicle batteries with a total […] The post Tesla supplier CATL commands 34.8% of the battery market in 1H22 appeared first on TESLARATI.

Tesla has launched a new “Ownership Loyalty Program” with some significant discounts – something that CEO Elon Musk has said Tesla wouldn’t do. But the program is only in China for now. more… The post Tesla launches new ‘Ownership Loyalty Program’ with some significant discounts appeared first on Electrek.

Congress is poised to approve newly expanded tax credits for electric vehicles, but the rules are written in such a way as to effectively disqualify every EV that’s currently on the market today. That’s because most EVs run on lithium-ion batteries that are mostly made in China. The nation has a lock on some 76 percent of the battery market today (the US only represents 8 percent). And to get a deal passed in a deadlocked Senate, Democrats agreed to provisions that would require eligible vehicles to use batteries that are made in North America. The Inflation Reduction Act of 2022, which passed the Senate this weekend in a party-line vote, would require batteries to have at least 40 percent of materials sourced from North America or a... Continue reading…

The volume just tripled year-over-year again, and exceeded the previous record by almost 30,000.

The U.S. Senate passed the Inflation Reduction Act on Aug. 6. Every pre-implementation procedure, including a presidential signature, is expected to be completed early this week. The purpose of the act is to limit an EV subsidy of US$7,500 to EVs produced in the United States and equipped with a bat

Only all-electric car sales are still growing, but at a slower and slower pace.

A leading industry body says supply issues are expected to improve in the second half of 2022.

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Elon Musk's electric car business risks more than its reputation -- the company could temporarily lose the licenses which allow it to operate in California.

Yahoo! Finance: Company NewsDow Jones Futures: Market Rally Resilient; Apple, Tesla, These 5 Chip Stocks Could Use This - The market rally showed resilience after Fridays jobs report. Apple, Tesla and these 5 chip stocks could use this. ...

Ford’s electric vehicle sales grew over 168 percent in July compared to the same month last year. The automaker’s July 2022 EV delivery figures were good enough for second-best in sales for the month in the United States behind only Tesla. According to Ford’s press release, EV sales this July are up 168.7% compared to […] The post Ford’s EV sales grow over 168 percent in July, second-best EV brand in U.S. appeared first on TESLARATI.

Ford is now America's #2 BEV brand by volume, behind just Tesla.

Meanwhile, the Tucson PHEV set a new sales record.

Tesla, Inc. (NASDAQ: TSLA) red-hot sales pace seen in China in June may have cooled off a bit. read more

The EV company raised $4 billion for a North Carolina factory and plans to go worldwide.

A worrying sign is that even the market share decreased.

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Ford released its July 2022 sales today, showing that the automaker continues its push into the EV market. In fact, rising Ford EV sales boosted the automaker to become the best-selling brand this past month. more… The post Ford EV sales outpace segment, gains EV market share appeared first on Electrek.

Despite dwindling inventories of BEVs due to supply chain constraints and legacy automakers still playin catchup in BEV production, the demand for electric vehicles continues to rise… and Tesla isn’t the only pony in the race anymore. That being said, Tesla remains the “Nap” in EV sales, but the rest of the market is starting to catch up. more… The post Morgan Stanley: Legacy auto’s BEV share doubles the rate of Tesla which drops to 60.9% of total market appeared first on Electrek.

It’s a tough time to be a regular car maker. While luxury firms like Lamborghini are boasting record sales, the kind of car firms you and I might shop with are struggling with production backlogs, delays and component shortages. All of these issues are hitting sales and profits for the world’s automakers. Quick, let… Read more...

The company exceeded the 10,000 mark, but notes production constraints.

The growth rate slowed down last month.

Stellantis sold 105,413 BEVs in H1 2022 in Europe, compared to Tesla's 78,277; still, the Model Y was the best-selling EV with 39,969.

Porsche hasn’t been coy about its electric bicycle ambitions over the last few years. But now the company is jumping in with both feet as it starts two new electric bicycle companies to expand its reach in the e-bike market. more… The post Porsche drives deeper into electric bike market, creates two new e-bike companies appeared first on Electrek.

Most of the new electric vehicles arriving on the market aren’t cheap. But the two-door Mini Cooper SE is a rare exception, and one of the three cheapest electric vehicles. It's arguably way more exciting and image-boosting than the Chevy Bolt EV or Nissan Leaf, all of which start around $30,000 or less—if you're prepared to work with...

Plug-in hybrid sales are stumbling in Europe, once an important market, as demand for all-electric vehicles rises, according to a recent Automotive News Europe report. But plug-in hybrids seem to be faring better in the United States. As European consumers turned away from diesel cars and regulators tightened emissions rules in the wake of the...

BYD is the top OEM of plug-in electric cars, but Tesla maintains its leadership in the BEV category.

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Looking to buy an electric vehicle right now? So is everyone else, apparently. In-stock dealer inventories of EVs are sparse at best, if not completely decimated, despite a lofty average transaction price north of $66,000. But don’t lose hope – there are relative bargains that price below $66,000, sell at close to MSRP, and are available for delivery sooner than later. As always, check our Electric Vehicle Best Price Guide and Electric Vehicle Best Lease Guide for the prices and deals on EVs in the US. more… The post Best US EV prices and deals in a high-demand market appeared first on Electrek.

Market research firm SNE Research announced on Aug. 1 that CATL’s share in the global EV battery market rose from 28 percent to 34 percent in the first half of this year.“In that period, BYD, the third-largest company in the market, raised its share from 7 percent to 12 percent,” it said, adding, “T

Tesla vehicles are increasing Hertz’s customer satisfaction as the company gets better use of electric vehicles. The rental car company is also adding more EVs to its fleet. more… The post Tesla vehicles are increasing Hertz’s customer satisfaction, still adding more EVs to the fleet appeared first on Electrek.

Two Tesla models are at the top for the month and year-to-date.

The volume more than doubled year-over-year, exceeding 565,000.

Lightyear teams up with Sweden’s Koenigsegg. Tesla and startup EV brands are losing out on the sales, one study suggests. Researchers suggest EV sales targets are an incomplete solution without retiring gas vehicles. And we warm up to the weirdness of the BMW iX. This and more, here at Green Car Reports. In a weeklong drive review of the BMW...

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Samsung SDI said Friday it posted record high operating income and sales in the second quarter, driven by strong sales of electric vehicle (EV) batteries.

Global EV sales are steadily increasing with help from regulators, but that won't matter if existing gasoline and diesel vehicles aren't retired quickly, new research argues. "The slow speed of fleet turnover presents a substantial barrier to deep decarbonization," researchers state in a new book on energy transition (via Axios). Researchers...

Is Europe in trouble or it's just a temporary dip?

Second-life EV batteries are expected to reach over $34 billion by 2027, according to a new report by Research and Markets. The global second-life EV battery market is projected to reach a total of $34,758.46 million by 2027, up from $19,717.47 million in 2021 at a compound annual growth rate (CAGR) of 9.90% during the […] The post Second-life EV batteries market expected to reach $34.7B by 2027 appeared first on TESLARATI.

Tesla and Drive.ai are top key players in the Intellgent Driving market according to a new Global Intellgent Driving Market report. The report gives an overview of the 2021 growth of Intellgent Driving and how that growth has significant changes from the previous year as our global economy recovers from the impacts of Covid-19. In […] The post Tesla, Drive.AI top key players in the Intellgent Driving market appeared first on TESLARATI.

Electric vehicle stocks had a mixed close in the week ending July 29, although market leader Tesla, Inc. (NASDAQ: TSLA) managed to build on its gains. Chinese EV stocks and some pure-play U.S. startups came under selling pressure despite a positive development on EV tax credits. read more

That's mainly thanks to the first quarter, because the second quarter brings zero growth.

The automotive giant notes that it was second in Europe for EV sales in the first half of 2022.

Hyundai Motor Group was ranked fifth in the global EV sales rankings announced by Japan’s Nihon Keizai Shimbun on July 28.The rankings were based on electric vehicle sales data in 66 countries compiled by MarkLines, a company specializing in automobile market research. Tesla of the United States cam

Samsung SDI said Friday it posted record high operating income and sales in the second quarter, driven by strong sales of electric vehicle (EV) batteries.

Samsung SDI Co. said Friday it posted record high operating income and sales in the second quarter, driven by strong sales of electric vehicle (EV) batteries. Operating income reached 429 billion won ($330.4 million) in the April-June period, up 45.3

LG Energy Solution (LGES) seeks to triple its annual revenue and achieve a double-digit operating profit margin within the next five years, aiming to post 22 trillion won ($16.7 billion) in sales this year, the company said, Wednesday. The electric vehicle (EV) battery manufacturing unit of LG Group also plans to focus more on the fast-growing North American market, while adding a cylindrical battery production base in the European market.

Now that the US Senate has an agreement on the reform of the federal tax credit for electric vehicles, it looks like it might finally happen after roughly two years of work. But it does bring up an interesting question: Will it make EV sales crash until the end of the year since it’s not retroactive? more… The post Could new Federal EV tax credit crater EV sales until end of the year? appeared first on Electrek.

Filed under: Earnings/Financials,Green Continue reading Stellantis earnings rise as its global electric car sales rise 50% Stellantis earnings rise as its global electric car sales rise 50% originally appeared on Autoblog on Thu, 28 Jul 2022 14:03:00 EDT. Please see our terms for use of feeds. Permalink |  Email this |  Comments

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