Latest news and articles about electric vehicles from NEX English
Mercedes-Benz reported a 6% drop in sales during the first quarter of 2023, with deliveries totaling 499,700 units. This decline is primarily attributed to a sharp 27% decrease in sales in the Chinese market.
Indonesian President Prabowo Subianto recently inaugurated a new electric vehicle assembly plant in Majalengka, contributing to local economic growth and creating new job opportunities for residents. This factory marks a significant step towards achieving self-sufficiency in the electric vehicle sector.
Kia, the South Korean automotive giant, has announced a 30% increase in its investments over the next four years. This strategic move aims to strengthen its competitive edge in the automotive market, although the company's stock has seen a decline following the announcement.
Kia Motors has announced a 20% reduction in its electric vehicle sales target for 2030, lowering it to 1 million vehicles due to declining demand and the cancellation of government subsidies in the U.S. The company's shares fell by 4.2% following this announcement.
Volkswagen, the German automotive giant, has announced the launch of three new electric vehicle models in China over the next two weeks, developed using local technologies. This initiative comes as global companies face significant challenges in the world's largest automotive market.
Indonesian State Minister <strong>Prasetyo Hadi</strong> announced the opening of a new electric vehicle factory in <strong>Magelang</strong> scheduled for April 8. The factory aims to enhance sustainable transportation and reduce reliance on fossil fuels.
GAC Motors, the Chinese automotive company, has unveiled three new electric models at the GIICOMVEC 2026 exhibition in Jakarta, running from April 8 to 11. The models include the <strong>JAC Trekker T9 EV</strong>, <strong>JAC UrbanMover N90 EV</strong>, and <strong>JAC MetroMover N35</strong>, aimed at supporting the logistics transport sector.
Indonesian President <strong>Prabowo Subianto</strong> urged local governments and the military to purchase locally manufactured electric vehicles during the opening of a new factory in <strong>Majalengka</strong>. This initiative aims to support the national industry and promote the use of clean energy.
Indonesian Vice President Gibran Rakabuming Raka confirmed that the government is committed to stabilizing subsidized fuel prices to ensure affordability for citizens. This statement was made during an official announcement on Thursday, highlighting President Prabowo Subianto's directives on the matter.
Indonesian President Prabowo Subianto announced that the country is in a positive position to tackle challenges arising from global crises, thanks to its strong resources. This statement was made during the inauguration of an electric vehicle assembly plant in Central Java.
Indonesian President Joko Widodo announced an ambitious plan to eliminate fuel imports within the next two to three years, aiming to enhance national energy independence. This announcement was made during the inauguration of an electric vehicle assembly plant in Central Java.
Australia experienced an unprecedented rise in electric vehicle (EV) sales in March, reaching 14.6% of total new car sales amid soaring fuel prices. This shift reflects changing consumer behavior influenced by geopolitical crises affecting fuel supply.
Nissan Motor's Indonesian distributor has announced the adoption of e-Power technology aimed at improving fuel efficiency in its vehicles. This initiative is part of the company's efforts to support a transition toward a more sustainable future.
Chinese car manufacturers like Changan, Geely, and Chery are preparing to launch hybrid electric vehicles by 2026, aiming to challenge Toyota's dominance in the global market. This move reflects a broader effort by Chinese companies to develop new technologies that enhance fuel efficiency.
Car certification prices have seen a significant increase, with Category A rising by <strong>5.5%</strong> to reach <strong>$118,000</strong>. Category B also experienced a <strong>4.7%</strong> increase, reflecting changing consumer preferences.
German automaker BMW announced the launch of its latest electric vehicle, the i7, at the Beijing Auto Show scheduled for April 22. This new version features significant design and battery system improvements, reflecting the global trend towards sustainability.
Hyundai's CEO, José Munoz, unveiled an ambitious plan to invest $26 billion in the production of trucks and sports cars in the United States. This move aims to compete with Ford and meet the rising demand for electric and hybrid vehicles.
Bloomberg Intelligence has released a list of ten publicly traded companies that investors should keep an eye on. These recommendations come amid significant market volatility, prompting the search for promising opportunities.
Rivian has announced the launch of its new R2 model, which boasts a driving range of up to <strong>335 miles</strong>. This achievement highlights the company's advancements in battery technology and strengthens its position in the electric vehicle market.
Wuling Motors showcased a range of commercial vehicles at the GIICOMVEC 2026 in Jakarta, presenting two key models designed to meet local market needs. This initiative aims to support businesses in Indonesia through innovative and efficient solutions.
Dubai has announced plans to install electric vehicle charging stations at various mosques across the city. This initiative is part of the city's efforts to enhance smart infrastructure and promote sustainability.
Malaysia is facing challenges in its ambition to become a regional hub for electric vehicle manufacturing while protecting its local companies. The dispute with Chinese company BYD over manufacturing terms threatens future investments.
The government of Cirebon, Indonesia, has inaugurated 11 electric vehicle charging stations across various government locations. This initiative aims to promote the use of electric vehicles and support the transition to clean energy in the region.
China is advancing towards the development of safer and more powerful electric batteries, with companies like <strong>SAIC Motor</strong> and <strong>Chery Automobile</strong> announcing plans to market solid-state battery technology. This technology is seen as a superior alternative to traditional batteries.
Chinese company Geely, through its brand Lynk & Co, has announced a new electric charging technology that surpasses BYD's fast charging capabilities. This announcement comes shortly after BYD unveiled its second-generation Blade battery, claimed to be the fastest in the world.
LG Energy Solution Ltd. announced its preliminary financial results for the first quarter, revealing profits that fell short of analysts' expectations. This decline is attributed to weak support for electric vehicles in key markets like the United States, despite strong demand for energy storage systems.
Chinese automaker Geely has launched new images of its fully electric Galaxy A7 EV sedan, recently presented to the Ministry of Industry and Information Technology in China. This model represents a significant step in Geely's expansion efforts in the growing electric vehicle market.
The Philippines faces a national energy crisis due to the ongoing conflict in Iran, prompting citizens to reconsider their transportation options. With fuel prices reaching record highs, many are exploring electric and hybrid vehicles.
Tesla vehicle registrations in Germany saw a remarkable increase, quadrupling in March 2023 compared to previous months. This surge reflects the growing demand for electric cars in the German market.
Used electric vehicle sales have seen significant growth in recent years due to various factors, including rising fuel prices and a shift towards sustainability. This trend reflects profound changes in consumer behavior towards clean energy options.