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XPENG Reports 54 Percent Sales Increase Setting New Monthly Record
XPENG achieved a remarkable 54% increase in electric vehicle sales in November 2024, delivering 30,895 units, marking a new monthly record. The company's growth is driven by the success of its affordable M03 and the new P7+, contributing to a total of 153,373 sales in the first 11 months of the year, a 26% rise from 2023. With expanding demand and market presence, XPENG is poised for further growth, potentially rivaling established competitors like BYD.
CleanTechnica
Chinese Yuan BYD Hyundai Motor Co XPeng Inc. Tesla, Inc. CHN Show more
Technology & Innovation, News Article
02:13 03.12.2024
jaguar unveils type 00 concept car amid rebranding controversy
Jaguar has unveiled its all-electric concept car, the "Type 00," showcasing a bold new design direction amid a controversial rebranding effort. The vehicle features a boxy shape and sleek lights, diverging from the brand's sporty image, while Jaguar plans to launch several new electric models, including a four-door GT car next year. The rebranding campaign, which faced significant backlash for its artistic approach and removal of the iconic Jaguar logo, aims to reposition the brand as it transitions to an electric-only lineup by 2026.
CNBC
Jaguar Land Rover plc GBR Jenni Reid Rawdon Glover
Technology & Innovation, News Article
02:00 03.12.2024
Volkswagen Partners with Rivian for Electric Golf and Advanced Safety Features
Volkswagen is set to debut its new Proactive Safety System, designed to protect drivers, passengers, and pedestrians, with features like an Active Hood and a system that autonomously pulls over if the driver becomes incapacitated. The upcoming electric VW Golf, launching in 2029, will be the first model to utilize technology from a new joint venture with Rivian, aimed at creating a software-defined vehicle platform. This partnership marks a significant shift for Volkswagen as it seeks to address its software challenges and modernize its vehicle offerings.
CleanTechnica
Volkswagen AG DEU Carsten Helbing Thomas Schäfer Wassym Bensaid Show more
Technology & Innovation, News Article
00:04 03.12.2024
general motors sells stake in battery plant to lg energy solution
General Motors plans to sell its stake in a $2.6 billion electric vehicle battery cell plant in Lansing, Michigan, to joint venture partner LG Energy Solution for approximately $1 billion. This move aims to optimize production amid slower EV demand and uncertainty over federal incentives. Additionally, GM is extending its partnership with LGES to develop prismatic battery cells, enhancing efficiency and reducing costs.
CNBC
United States Dollar GENERAL MOTORS LG Energy Solution, Ltd. Samsung SDI Co., Ltd. USA Mary Barra Hak Cheol Shin Paul Jacobson Kurt Kelty Show more
Technology & Innovation, Press Release
22:06 02.12.2024
Nike to close digital sneaker division RTFKT by January 2025
Nike Inc. is set to shut down its digital sneaker division, RTFKT, as part of a strategic realignment under new CEO leadership. The company announced that operations will cease by the end of January 2025, marking a significant shift in its focus.
bloomberg.com
NIKE, Inc. USA
Technology & Innovation, Press Release
20:43 02.12.2024
chinese automakers exceed delivery targets as electric vehicle demand surges
Chinese automakers BYD, Leapmotor, and Xiaomi have exceeded their annual delivery targets ahead of schedule, reflecting strong market demand. BYD delivered over 504,000 vehicles in November, while Leapmotor and Xiaomi surpassed their targets of 250,000 and 100,000 deliveries, respectively. Other brands like Zeekr and Xpeng also reported significant growth, with Zeekr delivering nearly 195,000 cars this year and Xpeng achieving record deliveries of nearly 31,000 in November.
CNBC
Chinese Yuan United States Dollar BYD Leapmotor XIAOMI-W Stellantis N.V. Zeekr XPeng Inc. NIO Inc. Li Auto Inc. Huawei Tesla, Inc. CHN William Li Qin Lihong Show more
Technology & Innovation, Market Report
09:16 02.12.2024
Ola Electric to expand store count from 800 to 4000 by December 20
Ola Electric shares surged over 6% following CEO Bhavish Aggarwal's announcement of a significant expansion plan. The company will increase its store count from 800 to 4,000 on December 20, aiming to enhance customer accessibility with all new stores also offering service capacity. This move is touted as potentially the largest single-day store opening in the industry.
Moneycontrol
OLA ELECTRIC MOBILITY LTD IND Bhavish Aggarwal
Technology & Innovation, Press Release
09:02 02.12.2024
virtual reality in healthcare market projected to reach 19.46 billion by 2028
The virtual reality in healthcare market is projected to grow from $2.94 billion in 2023 to $19.46 billion by 2028, driven by rising neurological disorders and technological advancements. Key players include Samsung Electronics, Microsoft, and Medtronic, with significant trends in immersive therapy and AI integration enhancing treatment options. North America led the market in 2023, highlighting the region's pivotal role in this rapidly evolving industry.
openPR.com
Sony Corporation HTC Corporation Koninklijke Philips N.V. Google LLC Samsung Electronics Co., Ltd. Microsoft Corporation Siemens Healthineers AG Show more
Technology & Innovation, Market Report
08:08 02.12.2024
chinese electric vehicles challenge japanese dominance in southeast asian markets
Japanese automakers are facing significant challenges in Southeast Asia as Chinese brands gain market share, particularly in the electric vehicle sector. Despite a long-standing dominance, Japanese companies like Toyota and Nissan are losing ground due to their slow transition to electric models, with sales dropping sharply across the region. In response, they are investing billions to adapt their production for electric vehicles, but the competition from affordable Chinese EVs poses a serious threat to their market position.
CleanTechnica
Thai Baht Japanese Yen United States Dollar Chinese Yuan Indonesian Rupiah Toyota Motor Corp Honda Motor Co., Ltd. Nissan Motor Co., Ltd. Mitsubishi Steel Mfg. Co., Ltd. BYD Great Wall Motor Co Ltd SAIC MOTOR GAC Aion Guangzhou Automobile Group Co., Ltd. Suzuki Motor Corp IDN THA MYS SGP CHN USA Huang Yongjie Tatsuo Yoshida Srettha Thavisin Show more
Technology & Innovation, Market Report
02:47 02.12.2024
the benefits of electric vehicles and tesla's full self driving technology
Electric vehicles (EVs) offer lower maintenance costs and impressive acceleration, but towing can significantly reduce their range. The U.S. government is providing a $7,500 refund for eligible EV purchases, and Tesla is offering attractive year-end incentives, including 0% interest loans and free Supercharging. Tesla's Full Self Driving (Supervised) system enhances driving convenience but requires driver supervision due to occasional inaccuracies.
CleanTechnica
United States Dollar Tesla, Inc. USA CHN DEU Elon Musk Show more
Technology & Innovation, Blog Post
20:59 01.12.2024
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