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Last month, the electric vehicle maker had announced a 10 percent reduction in its global workforce, following which the firm fired senior executives and nearly 500 team members of its Supercharger business.
Automobile Exports FY24: “The decline is owing to the ongoing geopolitical issues including the Russia-Ukraine and Israel-Gaza conflicts and some countries where we are very strong in two wheeler and commercial vehicle exports are facing foreign exchange (forex) issues,” Vinod Aggarwal, President, Society of Indian Automobile Manufacturers (SIAM) told ETAuto.
Thai Feb Car: Thailand is Southeast Asia's biggest autos production centre and an export base for some of the world's top carmakers, including Toyota and Honda, with pickup trucks among the key vehicles manufactured.
The region has emerged as one of the hottest EV markets in recent years and could offer Tesla a large customer base at a time when demand is slowing in the United States. "Southeast Asia will undoubtedly be a major place of growth over the coming years in battery storage and electric vehicle adoption," Rohan Patel, senior public policy and business development executive at Tesla, said in a post on X.
China Auto Market: VW's two joint ventures in China with FAW and SAIC took a combined 14.2% share in sales terms in 2023, down from 14.8% in 2022, according to data from the China Passenger Car Association (CPCA). Sales of SAIC VW and FAW VW include brands of VW, Audi and Jetta.
Tesla: The U.S. company in the fourth quarter lost its crown as the world's biggest electric vehicle seller to China's BYD , but during the first 10 months of 2023 both companies grew their share of a slowing and highly competitive Chinese EV market.
Tesla: China’s best-selling car brand reported EV and hybrid sales of 340,178 in December — including 190,754 all-electric cars — aided by aggressive end-of-year discounting, according to an exchange filing on Monday. In total, BYD sold 3.01 million units in 2023.
Tesla: China’s best-selling car brand reported EV and hybrid sales of 340,178 in December — including 190,754 all-electric cars — aided by aggressive end-of-year discounting, according to an exchange filing on Monday.
UK Car Output: "UK car production is firmly back on track following the tough COVID years and resulting supply chain challenges," Mike Hawes, CEO of the Society of Motor Manufacturers and Traders, said. Export volumes increased by 15.2%, mainly driven by demand from the European Union, China and Turkey, the data showed.