Sales of electric cars and plug-in hybrids in China increased again in May. Around 717,000 of the so-called New Energy Vehicles (NEV) were sold, according to data published by the China Association of Automobile Manufacturers (CAAM).
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In Norway, new electric car registrations have somewhat increased again: After a slight decline in April, more than 10,000 new electric cars were put on the road in May. The most popular model in Norway last month was by far the Tesla Model Y.
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The Tesla Model Y was the world’s best-selling electric car for the first time in the first quarter of 2023. In 2022, the Model Y was still in third place behind two Toyota models. Now the Tesla SUV leads ahead of four of the Japanese company’s internal combustion and hybrid series.
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Sales of electric cars and plug-in hybrids in China fell slightly in April. According to data from the China Association of Automobile Manufacturers (CAAM), 636,000 new energy vehicles (NEVs) were sold in April – 17,000 fewer than in March.
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Volvo Trucks received 486 orders for electric trucks in the first quarter of 2023, an increase of 141 per cent compared to the same period last year. This number is expected to increase over the course of the year as the Swedish company looks to bring its electric trucks to even more countries.
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Nikola will interrupt its truck production in Coolidge (Arizona) to convert the assembly line so that both fuel cell and battery electric vehicles can be produced on the same line in the future. After that, the focus will increasingly shift to fuel cells.
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Shortly after delivering the first Ocean, Fisker lowered its production forecast for this year by up to 10,000 vehicles. Moreover, the first Fisker was registered in Germany, and the carmaker announced a new off-road version of the electric SUV.
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The US electric car manufacturer Lucid Motors has reported higher losses again in the first quarter, and sales also fell compared to the fourth quarter of the previous year. In addition, Lucid is lowering its production target for this year.
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Ford presented its business figures for the first quarter of 2023, breaking them down for the first time into the three core business units Ford Blue (combustion cars and hybrids), Ford Model e (electric vehicles) and Ford Pro (commercial vehicles). However, the electric car business is expected to be profitable as early as 2024.
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In Norway, the car market recorded a slight decline last month. Contrary to the trend, EV sales increased minimally but came in significantly behind the March result. The best-selling model was the Tesla Model Y, but here, too, with declines.
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BYD earned more than five times as much in the first quarter of 2023 as in the same period last year. BYD’s net profit rose by 411 per cent to 4.1 billion yuan (about $592 million). Revenue increased by almost 80 per cent to 120.2 billion yuan. That is the equivalent of $17,4 billion in […]
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The Volkswagen Group handed over 141,000 BEVs to customers worldwide in the first quarter of 2023. Compared to the same period last year, which was more affected by supply bottlenecks, the group’s BEV deliveries rose by 42 per cent.
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Power2Drive Europe has crunched some numbers taking data from the EU Commission’s European Alternative Fuels Observatory (EAFO) as its base. At the end of 2022, EV drivers could access 450,478 charge points in Europe; however, the deployment is not spread evenly.
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Tesla has presented its business figures for the first quarter of 2023. It was eagerly awaited how the company’s worldwide price cuts would affect its balance sheet. The answer: Turnover falls slightly, but profit considerably.
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Over the first quarter of 2023, Lucid Motors reported 2,314 vehicles produced and 1,406 delivered. While the US company only started deliveries of the Lucid Air model in 2022, the new figures are clearly below those from Q4/2022.
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Mercedes-Benz was able to increase sales of its electric vehicles in the first quarter. Sales of battery-electric passenger cars almost doubled to 51,600 units (+89 per cent), while van sales rose by 22 per cent.
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According to data released by the China Association of Automobile Manufacturers (CAAM), sales of New Energy Vehicles (NEV) in China stood at 653,000 units last month. This represents a year-on-year increase of 34.8 per cent and a 24.4 per cent increase compared to February.
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The BMW Group sold 64,647 fully electric vehicles from the BMW and Mini brands in the first three months of the year. This represents a growth rate of 83 per cent compared to the first quarter of 2022. If plug-in hybrids are included, sales grew by 23 per cent.
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B-ON is looking back on a successful first year, having produced and delivered 2,447 electric commercial vehicles last year and raised 150 million dollars in capital. That is the equivalent of about 137 million euros.
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With a market share of 86.8 per cent, electric passenger cars saw a slight increase again in March in Norway, surpassing the result from March 2022. The Tesla Model Y was the best-selling electric vehicle by far.
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Tesla manufactured 440,808 and delivered 422,875 EVs in the first quarter of 2023 – a new record in both categories. Delivery figures are up 36 per cent compared to the 310,048 reported during the same period last year. Compared to the already record-breaking figures of Q4 2022, deliveries are up four per cent.
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Chinese electric car maker Xpeng delivered 120,757 vehicles last year, up 23 per cent from 2021, but net losses nearly doubled to 9.14 billion yuan, the equivalent of 1.25 billion euros, on slightly higher sales.
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Around 525,000 new energy vehicles (NEVs) were sold in China in February 2023, 55.9 per cent more than in the same month last year and 28.7 per cent more than in January 2023. BYD accounted for the largest number of vehicles – both NEVs and pure battery-electric cars.
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Renault Trucks says it has achieved a market share of 24.2 per cent in the medium- and heavy-duty electric truck segment in Europe in 2022. Specifically, the Volvo Group-owned manufacturer sold 379 units of the E-Tech D and E-Tech D Wide models in Europe last year.
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Nio presented its financial results for 2022. The Chinese EV maker was able to increase its deliveries and sales. However, the annual loss also grew significantly, probably due to the development cost for new models and the company’s expansion.
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The British Society of Motor Manufacturers and Traders (SMMT) released the latest car registration data throughout February. Traditionally a quiet month ahead of the March plate change, plug-in cars took an impressive share.
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Sales and deliveries are up for Polestar. The EV maker posted a total revenue of 2.5 billion dollars in 2022 and delivered a total of 51,491 vehicles last year – an increase of 84 and 80 per cent, respectively.
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It is official: the number of purely electrically powered passenger cars in Germany has exceeded the one million mark. After a weak January, the electric vehicle market share thus rose again to 15.7 per cent. However, new registrations of plug-in hybrids declined.
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After an extremely weak January, electric car registrations in Norway have returned to their usual level: 6,183 new electric cars were registered there in January. By far the best-selling model was the Tesla Model Y.
Read moreHow is it going with the electrification of company car fleets in Germany, and how does this compare to its Northern European neighbours, the Netherlands and Sweden? To answer that question, a comparative study was commissioned by the energy company Vattenfall. We summarised the main results.
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