automotive-industry
Top StoriesFord Profit Disappoints, Stock Falls 11% as Quality Issues Dog Automaker
Top StoriesUK Car Output Logs Fourth Consecutive Monthly Fall in June, Data Shows
Top StoriesPorsche Cuts Forecasts Due to Alloy Shortage, Shares Fall
Top StoriesGm Beats Quarterly Expectations and Raises Forecast, but Shares Dive
Xpeng, Volkswagen Set up Project House to Roll Out New Ev Architecture
Date: July 22, 2024
(Reuters) -Chinese electric vehicle (EV) maker Xpeng has established project houses for engineers in partnership with German automaker Volkswagen AG to accelerate the development process of new EV architecture, it said on Monday. The new establishments, to be located in China’s Guangzhou and Hefei, are warehouses for engineers from both parties to work together....
EU New Car Sales Rise 4.3% in June, Industry Body Acea Says
Date: July 18, 2024
By Greta Rosen Fondahn and Alessandro Parodi (Reuters) -New car sales in the European Union rose 4.3% in June to their highest since July 2019, driven by an uptick in major markets Italy, Germany, and Spain, while registrations of battery electric cars fell marginally, data from Europe’s auto industry body showed on Thursday. The European...
Byd to Introduce Three More Car Models to Vietnam Market
Date: July 18, 2024
HANOI (Reuters) – Chinese electric carmaker BYD will introduce three more models to the Vietnamese market this October and plans to expand its dealerships to 100 in 2026, Chief Operations Officer of BYD Vietnam Vo Minh Luc said on Thursday. BYD launched its first three pure electric models in Vietnam on Thursday, its latest attempt...
Automotive Adhesion Promoter Market to Surge With a 12.8% Cagr, Projected to Reach Usd 1.8 Billion by 2031
Date: July 16, 2024
The Automotive Adhesion Promoter Market is expected to register a strong growth trajectory, driven by the increasing demand for enhanced performance and durability in automobiles. Market research suggests a Compound Annual Growth Rate (CAGR) of 12.8% from 2024 to 2031 [3]. This translates to a significant market expansion, with estimations reaching a value of USD...
Tesla Launches New Model 3 Long-Range Variant at $42,490, Website Shows
Date: July 12, 2024
Tesla launches new Model 3 long-range variant at $42,490, website shows (Reuters) – Tesla on Thursday launched a new rear-wheel drive variant of its Model 3 long-range vehicle, at a price $5,000 lower than the all-wheel drive version, according to the electric vehicle maker’s website. The new Model 3 long-range variant is priced at $42,490....
Electric Parking Brake System Market Surges to Usd 11.351 Billion by 2031, Propelled by 11.3% Cagr – Verified Market Reports
Date: July 10, 2024
The Global Electric Parking Brake System Market is projected to grow at a CAGR of 11.3% from 2024 to 2031, according to a new report published by Verified Market Reports. The report reveals that the market was valued at USD 5.61 Billion in 2024 and is expected to reach USD 11.351 Billion by the end of the forecast period. The Electric Parking...