PARIS－French automaker Renault revealed an electric revamp of a beloved hatchback from the 1970s on Thursday to spearhead a revival plan after years of turmoil. The company is hoping to move upmarket as the industry races to make a clean-energy shift.
Still out-performing the auto industry on the stock market
Tesla is considered by many - including industry analysts and investors - to be the automaker of the future, with its emphasis on smarter and cleaner mobility. The company s innovation-driven approach and its high expenditure on capital ensures that it stays ahead of its peers. A continuing focus on new product development and product scaling, along with its plan to enter emerging markets, such as India, will help the company sustain its status as a leader in the coming years, says GlobalData, a leading data and analytics company.
The company was able to reach its target of delivering half a million vehicles in 2020 and it increased the production capacity for the Model 3 and Model Y to 500,000 at the Fremont factory in California. Over the last year, share prices of Tesla rocketed 951% from US$95.6 in January 8, 2020 to US$880 in January 8, 2021 with the strengthening of renewable energy stocks. As congress confirms Joe B
BMW backs China s emission-cutting goals By Li Fusheng | chinadaily.com.cn | Updated: 2021-01-18 16:17 Share CLOSE The BMW M8 is seen during the media day of the 41st Bangkok International Motor Show in Bangkok, Thailand on July 14, 2020. [Photo/Agencies]
BMW Group Chairman Oliver Zipse expressed the German carmaker s backing for China s de-carbonization goals, saying the country s economic growth has been accompanied by a firm commitment to sustainability.
Zipse made the remarks as he addressed the annual China EV 100 forum online on Saturday. China will achieve the goals of carbon peak before 2030 and carbon neutrality by 2060. The BMW Group fully supports these goals, he said.
Traditional automakers grow electric portfolio By ZHANG DANDAN | China Daily | Updated: 2021-01-18 11:41 Share CLOSE Herbert Diess, CEO of German carmaker Volkswagen AG, poses in an ID.3 pre-production prototype during the presentation of Volkswagen s new electric car on the eve of the International Frankfurt Motor Show IAA in Frankfurt, Germany on Sept 9, 2019. [Photo/Agencies]
Bigname automakers are making strides in their electrification campaigns.
General Motors, the largest carmaker in the United States, unveiled the latest electric powertrain Ultium Drive at this year s Consumer Electronics Show, or CES, held from Jan 11-14 in Las Vegas.
Consisting of five drive units and three motors, the electric powertrain is expected to function for electric vehicles of different sizes and models, which will help the carmaker expand its electric vehicle production capacity and lower costs.
© Provided by Xinhua | &SHANGHAI, Jan. 18 (Xinhua) U.S. electric carmaker Tesla Inc. on Monday began Shanghai deliveries of its built-in-China M