RIVN - EV Company News For The Month Of June 2024
2024-07-05 07:12:11 ET
Summary
- Global electric car sales in May 2024 are up 23% YoY to 20% share. China sales up 33% to 47% share. Europe is down 10% to 21% share. The USA is up 3.2% to 8.74%.
- EV market news - EVs pass a key measure of 'Price Parity' in the US. EU to slap tariffs of up to 48% on EV imports from China.
- EV company news - BYD is in final talks for a Mexico factory. Musk lays out his Tesla targets for Robotaxis & Optimus humanoid robots (~$30T combined).
- Rivian soars after new JV partner Volkswagen invests $5B. GM trims 2024 EV sales forecast to 200-250,000 EVs. NIO delivered 20,544 vehicles in May, up 233%YoY. Fisker files for bankruptcy.
Welcome to the June 2024 edition of Electric Vehicle [EV] company news.
The past month saw May results being the equal best month for EV sales in 2024. We also had some big news on EV tariffs.
Plugin electric car sales as of end May 2024
Global plugin electric car sales were 1.3 million in May 2024, up 23% on May 2023 sales. Global plugin electric car market share in May was 20% , and 17% YTD.
China plugin electric car sales were 816,000 in May 2024, up 33% on May 2023 sales. Plugin electric car market share in China for May was 47% , and 41% YTD.
Europe plugin electric car sales were 226,000 in May 2024, down 10% YoY, reaching 21% market share and 21% YTD. Norway reached 82.3% share, Sweden 53.6% , Netherlands 47% , Germany 18.5% , France 24.1% , and UK 25.7% in May 2024....
EV Company News For The Month Of June 2024