Platforms like Kuaishou are giving carmakers new ways to engage buyers and boost sales in an increasingly competitive market.
The automotive industry’s landscape is becoming increasingly intricate.
In 2024, as consolidation and repositioning dominate the industry narrative, automakers have come to terms with reality and shed their pretensions. From merging subbrands to restructuring...
The potential union of Honda and Nissan could create the world’s third largest automaker.
Japanese automakers Honda Motor and Nissan Motor have announced formal discussions on a potential merger, a move that could reshape the global automotive landscape. If successful, the merger would form the world’s third-largest automaker by sales, trailing only Toyota Motor and Volkswagen. The...
Dongfeng Honda has unveiled a new NEV production facility, marking a key step toward its goal of an all-electric lineup by 2035.
Dongfeng Honda has opened its first production plant dedicated to new energy vehicle (NEV) production in Wuhan, now operational and accessible for public tours since early October. This facility marks a significant milestone in Honda’s EV roadmap, boasting an...
Japan-based automotive components manufacturer Toyoda Gosei Co., Ltd. has acquired a stake in EV Motors Japan Co., Ltd. (EVM-J), a startup engaged in the development and sales of commercial electric vehicles such as trucks and buses.
Toyoda Gosei said in a statement on last Friday that the commercial electric vehicles (EVs) developed by EVM-J achieve lower power loss during acceleration and...
Strong sales of the Mona M03 and P7+ highlight Xpeng’s growing momentum in the EV market.
Xpeng Motors has delivered a striking turnaround, unveiling its most robust financial results since going public. In Q3 2024, the company delivered 46,533 vehicles, raking in RMB 10.1 billion (USD 1.4 billion) in revenue while posting a record-breaking gross profit margin of 15.3%.
As of September...
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