Polestar claims its upcoming Polestar 4 SUV coupe will have the lowest carbon footprint of any of its models to date. Cars tend to be more efficient than SUVs, and smaller vehicles use less material, helping to contribute to a lower carbon footprint. But Polestar says the 4, which is set to arrive in the…
Altigreen will engage in cross-promotional activities to educate electric 3-wheeler users about Bolt.Earth’s app, which helps drivers locate nearby charging points with ease. In-store and on-the-ground campaigns will further publicize the partnership’s perks. Altigreen, a pioneering manufacturer of electric vehicles for the last-mile sector, has partnered with Bolt.Earth, a leading provider of charging infrastructure for…
Hyundai Motor America reported 60,805 vehicle sales in the United States in October, which is the best October ever, although just 0.3 percent better than a year ago. The year-to-date sales result for Hyundai is 655,952 units (up 11 percent year-over-year). The most important thing for us is the all-electric car sales, which increase quite…
Volkswagen Group brand Elli is launching an intelligent solution across Europe for electric vehicle fleets. With Elli Fleet Charging, companies in Germany, Italy, Spain, and Austria are now able to manage and cost-optimize their fleet charging. After a market test phase lasting several months, over 650 German companies and fleet managers are already successfully using…
EBITDA for the quarter stood at INR 131 crores, EBITDA margin at 11%, growth of 18 bps. The Profit after Tax (PAT) was INR 59 crore with a PAT margin of 4.9%, the company said in a media release. New Delhi: Minda Corporation Limited (Minda Corp) the flagship of Spark Minda, delivered consolidated revenue of…
Volkswagen Group is delaying a decision on a fourth battery cell factory for now citing lower-than-expected demand for EVs in Europe, CEO Oliver Blume said. “Based on market conditions, including the sluggish ramp up of the BEV market in Europe … there is for the time being no business rationale for deciding on further sites,”…
Kia America reports 59,164 vehicle sales in the United States in October, which is only 1.5 percent more than a year ago, but at the same time, it was the automaker’s best October ever and 15th month of consecutive year-over-year increase. So far this year, the company sold 663,838 vehicles (up 15 percent year-over-year) and…
Garmin’s revenue rose 12% to USD 1.28 billion for the three months ended Sept. 30, compared with analysts’ estimates of USD 1.21 billion, according to LSEG. Navigation equipment maker Garmin raised its annual sales forecast ahead of the crucial holiday shopping period as strength in its auto and fitness businesses drove third-quarter revenue above estimates,…
From January to October, KG Mobility’s vehicle sales rose 10% to 102,640 units from 93,344 during the same period of last year. KG Mobility and BYD have signed an agreement at the Chinese firm’s headquarters in Shenzhen to build the battery pack plant in Changwon, 300 km south of Seoul, and develop all-electric and hybrid…
Even with new-car interest rates rising, Subaru of America simply cannot be stopped. The automaker reported 53,772 vehicle sales in October, which was up 10.7 percent year-over-year and marked 15 consecutive months of year-over-year growth. And especially interesting is the fact that sales of the electric Subaru Solterra are growing too. The company reported that in October, it…
