China’s BYD to Launch Electric Vehicles in Mexico Next Year
Chinese electric vehicle maker BYD announced it will launch its cars in Mexico next year, with a senior executive setting its sales target at up to 30,000 vehicles by 2024. Next year, BYD will start selling all-electric versions of its Tang sport utility vehicle (SUV) alongside its Han sedan through eight dealerships across Mexico, the […]
Electric Car Battery Maker CATL Sees Up To 200% Jump in Profits
Contemporary Amperex Technology Co Ltd. expects its net income to rise to as much as 9.8 billion Yuan ($1.4 billion) in the third quarter, as the largest maker of electric vehicle batteries benefits from strong sales to the auto industry. CATL, which is investing heavily in expanding its production capacity, predicted a profit jump of […]
Pagani to continue releasing V12 Hypercars after scrapping EV plan
Pagani has no plans to make electric cars after conducting a four-year study on whether they would be suitable for the brand. The head of the company, Horacio Pagani, thinks that electric vehicles are too heavy and lack emotion. That most of the energy they use is not produced. He also believes that the climate […]
How a British firm is revolutionizing electric cars
All electric motors, you might well think, are endearingly simple, sausage-shaped, cylindrical, and similar in efficiency and weight. They have few moving parts and are much smaller than the combustion engines they are busy replacing in the world’s cars. Official figures say they also make great use of energy, producing efficiency figures that are heading […]