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On Friday, Rivian revealed it closed a $2.5 billion funding round, led by existing investors Amazon (NASDAQ: AMZN), Ford Motor (NYSE: F) and T. Rowe Price (NASDAQ: TROW). Also last week, Rivian revealed its plans to build a second assembly plant in the U.S. as it moves towards beginning pro...
An Apple electric car (maybe called an "iCar") would be an iPhone moment (turning point) for the EV industry. The opportunity for Apple is significant. Apple is reported to be currently sourcing batteries for an electric car. Who would be the winners and losers if Apple announced ...
European Union car registrations rose 10.4% Y/Y in June to 1.05M units, followed by 53.4% rise in May.Registrations in Germany advanced +24.5%, followed by Spain +17.1%, Italy +12.6% whereas France saw decline of 14.7% for the month.On YTD basis, demand for passenger cars ...
China and Europe continue to dominate electric car sales. The electric pickup truck is coming to the USA in 2022. The Wuling MINI super cheap electric car is now the global bestseller. Chinese EVs are going global. Electric motorbikes and e-mobility taking off. Bigger and cheaper ...
For the last few years, Toyota RAV4 has been the best-selling nameplate in the largest non-pickup truck segment: Compact SUV-crossover. In Q2 2021, Honda CR-V overtook Toyota RAV-4 in the U.S. market thanks to 76% year-over-year growth compared to “only” 25% for Toyota. ...
The EV era is coming, and the IEA is projecting at least 145 million in global EV stock by 2030, as strong growth continues into 2021. While there are some significant opportunities in pure-play EV manufacturers, those exhibit a much riskier profile, especially SPAC entrants. EV d...
June sales for the auto industry overall fell to 1.30 million vehicles, down 14.2% from June 2019, after a strong March, April, and May. The average transaction price and average per-unit gross profits have spiked to records in June. Ford’s total sales in June plunged 26.9%...
Global electric car sales for May 2021 were up 199% YoY reaching 6.6% share. Europe sales rose 158% YoY reaching 16% share, China sales rose 146% YoY reaching 12% share. EV market news - EVs a $7 trillion market opportunity to 2030. BNEF 2021 EV report forecasts 70% electric cars by 2...
With more than 3 million people, Puerto Rico constitutes 0.65% of the overall U.S. new car market. Sales were down 11% in 2020, compared to 14% for the U.S. overall. The dominant brand in Puerto Rico is Toyota, which was down 13% and lost 0.7% market share. The biggest market shar...
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...
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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 ...