BYD outsells Tesla and Toyota to conquer Singapore in 2024

Chinese NEV maker BYD has rocketed to the top of Singapore’s car sales chart for 2024, beating out giants like Toyota and electric vehicle juggernaut Tesla. Driving the news: BYD sold 6,191 vehicles in 2024, up a notable 337.22% from the 1,416 vehicles it sold in 2023, as per data from the data from the […]

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China officials eye German auto factories

Automakers and officials from China are reportedly eyeing German auto factories. They have specifically shown interest in sites owned by Volkswagen. A person who has knowledge about the Chinese government told Reuters that a factory in Germany would build influence in the country. The source suggests that factories in Germany would boost certain Chinese auto […]

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S&P Global Mobility sees notable EV sales growth for 2025

S&P Global Mobility is estimating a 30% increase in global battery electric vehicle (BEV) sales for 2025.  Provided that the firm’s estimates prove accurate, this could result in 15.1 million battery electric passenger vehicles being sold in 2025. This would account for 16.7% of global light vehicle sales. Why It Matters: Despite challenges in consumer […]

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Rivian might have paid a huge price for its $6 billion DoE loan

Rivian Automotive may end up paying a huge price for its $6 billion loan from the U.S. Department of Energy.  As per recent reports, Rivian appears to have agreed to terms that lean heavily towards unionization to secure its high-profile DoE loan. Strings Attached: In September, President Joe Biden issued an order directing agencies to […]

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