AUDVF News and Press, Audi Ag Dm Ord

Summary Global electric car sales August 2022 - Up 60% YoY to 15% share. China sales up 92% YoY to 30% share. Europe up 3% YoY to 21% share. US ~6% share. EV market news - BloombergNEF: More than half of US car sales will be electric by 2030. IEA: Global "EVs to account for 60% of...

Summary Global electric car sales July 2022 - Up 61% YoY to 14% share. China sales up 112% YoY to 28% share. Europe down 5% YoY to 19% share. US 5% share. EV market news - USA passes the Inflation Reduction Act. China extends NEV purchase tax exemption worth 100 billion yuan to th...

The $430B Inflation Reduction Act passed by Congress includes new rules governing the electric vehicle industry. The most dramatic is that the current $7,500 EV tax credit will be replaced by incentives designed to bring more battery and EV manufacturing into the U.S.. Crucially...

Global electric car sales for June 2022 - Up 54% YoY reaching 16% share. China sales up 132% YoY to 28% share. Europe sales down 8% YoY to 21% share. EV market news - US crosses the electric-car tipping point for mass adoption. Reconciliation Bill has $369 billion to fight climate cha...

Amazon is a titan of the ecommerce and Cloud industry. The company recently beat Revenue Growth estimates for the 2nd quarter, whiles its profitability has been butchered by rising input costs. AWS is the company's growth engine and reported blistering revenue growth of 33% and pr...

Toyota started selling its first volume-produced electric vehicle in May. It is also manufactured with a Subaru label with only minimal modifications. This particular model, the bZ4X SUV, will naturally be followed by a long list of other Toyota electric vehicles over the next few sho...

Global electric car sales for May 2022 - Up 55% YoY, reaching 12% share. China sales up 109% YoY to 31% share. Europe sales up 3% YoY to 19% share. EV market news - EU nations approve end to combustion engine sales by 2035. BYD says shift to EVs moving “much faster” than...

Li Auto ( NASDAQ: LI ) CEO Li Xiang voiced confidence in his company’s ability to push major German automakers in China on price on Wednesday. The CEO of the major Chinese auto manufacturer took to domestic social media site Weibo to state his belief that German autom...

Following 16 hours of negotiations, the European Union has agreed to a framework to eliminate carbon emissions from new cars and vans by 2035, effectively closing the chapter on the internal combustion engine. Many automakers are already in the process of switching over to cleaner fleets, but...

New commercial vehicle registrations in the European Union fell 17.1% to 136,410 units in May, followed by 27.1% decline in April, led by decline in van sales. On YTD basis, demand for commercial vehicles in the EU decreased by 19.8% to 673,095 units, with the substantial drops...