Elon Musk’s Tesla stops taking orders for cheapest Cybertruck
Elon Musk claimed in October that Tesla had one million reservations for the truck...
Category : Transport
SASCO leads Saudi automotive sector with Vision 2030 goals
SASCO announced the implementation of the ‘Self-Service System’ in all its stations...
EU new car sales rise 4.3% in June 2024, says auto industry body
Leading European automakers are placing their bets on an increase in car sales in 2024...
IF Insights: Despite strong sales data, challenges still aplenty for American electric vehicles sector
The price difference between internal combustion engines operating on fossil fuels and electric vehicles has shrunk so quickly that upfront sales prices are hardly different...
Ferrari’s first EV, stated to be launched in 2025, to cost over USD 500,000
Ferrari has demonstrated that it can succeed in markets outside of the two-seat sports cars and grand tourers that it has traditionally produced, with the 2022 launch of the Purosangue SUV...
Tesla shareholders advised to reject Elon Musk’s USD 56 billion pay
The Tesla board of directors, which has faced criticism for its close relationship with the billionaire, suggested the compensation package...
IF Insights: Elon Musk finds new obsession in robotaxi as Tesla fights headwinds
Tesla initially backed gigacasting to reduce its long-term manufacturing costs...
BYD slows down Vietnam plans as it gears up to challenge Tesla’s dominance
The announcement of BYD's investment plans by the Vietnamese government came after BYD CEO Wang Chuanfu's May 2023 visit to the nation...
IF Insights: Plug-in hybrid momentum propels automakers toward EV flexibility
Data from market research firm BloombergNEF shows that between 2022 and 2023, sales of plug-in hybrids increased by 43% to over 4.2 million units...
China outpaces Japan in global vehicle exports for 2023
China's auto sector has experienced rapid growth in recent years, partially due to investments in electric cars, an area where Japanese firms have been more hesitant...