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The largest vehicle segment globally, and next after pickup trucks in the U.S., is the compact SUV, which has been led by the Toyota RAV4 in recent years. In the first quarter of 2021, Honda, Nissan, Kia+Hyundai and Ford all grew much faster than the segment’s 20% average, wher...
Globally, EVs accounted for less than 5% of total car sales in 2020, but the segment grew 45% to even amid the pandemic. Beyond commitments from OEMs to expand their EV lineups, supportive government policies around the world are further driving EV adoption. While OEMs and governm...
Global electric car sales for April 2021 were up 249% YoY reaching 5.7% YTD share. Europe sales rose 136% YoY reaching 15% share, China sales rose 173% YoY reaching 10% share. EV market news - EV prices fall as battery technology improves, EV/ICE parity forecast by 2023. Consumers and...
Joint venture between Nissan and Mitsubishi Motors marks 10 years TOKYO, June 1, 2021 - (JCN Newswire) - The joint venture between Nissan Motor Co., Ltd. and Mitsubishi Motors Corporation, NMKV Co., Ltd., has marked ten years since its founding. Nissan and Mitsubishi Motor...
Nissan Motor Co., Ltd. (NSANY) Q1 2021 Earnings Conference Call May 11, 2021 06:40 AM ET Company Participants Makoto Uchida - President & Chief Executive Officer Ashwani Gupta - Chief Operating Officer Conference Call Participants Presentation Operator Thank you very much for attending th...
Global electric car sales for March 2021 were up 173% YoY, reaching 8.2% share. Europe sales rose 169% YoY, reaching 16% share, while China sales rose 244% YoY, reaching 11% share. EV market news - Forecast: Electric vehicle sales will crack 5 million in 2021 reaching 7% share. Joe Bi...
As per TrueCar estimates, total new vehicle sales will reach 1.4M units in April 2021 (+97% Y/Y, -12.6% M/M); pandemic led to the M/M drop in sales.March seasonally adjusted annualized rate ((SAAR)) for total light vehicle sales is an estimated 17.1M, rebounding from 8.7M SAAR in April 2020.E...
Imasen Electric Industrial is a steady Japanese auto-parts business with a strong balance sheet, recently affiliated with quality tier 2 supplier TS Tech (7313). We expect an earnings recovery profile into FY3/2022, with increasing capex YoY for factory automation. In the next three y...
I take a look at the valuation of the EV space using bullish assumptions about market share capture. Even in the bullish scenario, it seems there are not enough profits to go around to justify these prices. Valuation matters and there is going to be a pain as the automotive sector...
Electric Last Mile is targeting the last mile delivery/utility van space with its Urban Delivery and Utility models, and expects to have a first mover advantage. Last mile delivery vehicles are expected to grow by ~500,000 units by 2025, with high demand from fleet operators creating ...
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Nissan and Mitsubishi Corporation agree to explore new business in next-generation-mobility and energy-related services utilizing EVs TOKYO, Mar 18, 2024 - (JCN Newswire) - Nissan Motor Co., Ltd. (Nissan) and Mitsubishi Corporation (MC) have signed a memorandum of understanding to e...
Nissan and Honda to start feasibility study of strategic partnership TOKYO, Mar 18, 2024 - (JCN Newswire) - Nissan Motor Co., Ltd. (Nissan) and Honda Motor Co., Ltd. (Honda) announced today that the two companies have signed a memorandum of understanding under which they will begin ...
Nissan, Mitsubishi Motors, and NMKV mark production of 50,000th fully electric minivehicle YOKOHAMA & TOKYO, Japan, May 31, 2023 - (JCN Newswire) - Nissan Motor Co., Ltd. (Nissan), Mitsubishi Motors Corporation (Mitsubishi Motors), and NMKV Co., Ltd. (NMKV) today announced that ...