Automotive Industry

Chery Automobile, a Chinese state-owned car manufacturing giant, is again considering entering the US market. This is the company's third attempt after failing to do so in 2005 and again in 2020.

Ford, GM and Nissan are among the other automakers adopting adopted Tesla's North American Charging Standard.

At $38,990, the base Model 3 sedan now costs $8,700 less than the average amount paid for a car or truck in the US. The starting price for a Model Y SUV is $3,700 below the average auto price of roughly $48,000, according to an analysis by Bloomberg Green. Tesla started cutting prices at the start of the year, twisting the screws on legacy automakers that were already struggling to make electric vehicles profitably.

The two Japanese companies aim to reach commercialization by 2028.

it would be the first time that Hyundai builds cars for a brand that does not belong to its own group

The European Commission today formally launched its "anti-subsidy investigation" into the imports of battery electric vehicles from China. It could lead to punitive tariffs imposed within a year and already triggered sharp reactions.

Two of the sources said Tesla's previously unreported new design and manufacturing techniques meant the company could develop a car from the ground up in 18 to 24 months, while most rivals can currently take anywhere from three to four years.

At IAA Mobility 2023 in Munich today, Mobileye and Valeo announced a new partnership to deliver software-defined, best-in-class imaging radars for next-generation driver assist and automated driving features.

EV production in India is likely to reach 9.7 million units by fiscal 2028 (April 2027 to March 2028), with EV-specific component market anticipated to grow from US$1.25 billion in fiscal 2023 to US$13 billion in fiscal 2028.

Toyota Motor Corporation announced plans to make its Tokyo based Woven by Toyota affiliate a wholly owned subsidiary to streamline the development and adoption of software and connected systems in its vehicles.

While a majority of the cars Volvo sold in Europe were diesel as recently as 2019, in 2022 they made up just 8.9% of the Swedish carmaker's sales.

Spain presented a compromise text that would keep Euro 6 test conditions and emissions limits for cars and vans, but they will be lower for heavy trucks and buses.

“We have had a strong reluctance to buy electric cars since January, regardless of the brand,” a Volkswagen Group dealer told Wirtschaftsblatt.

Actual content is this paper.

Also, a german article with a little more context.

The newcomers — Canada, Australia, Spain, Thailand and Hungary — join a cohort that also includes the U.S., China and most of Western Europe.

Why 5% is so important

Most successful new technologies — televisions, mobile phones, LED lightbulbs — follow an S-shaped adoption curve.

Sales move at a crawl in the early-adopter phase, then quickly once things go mainstream.

In the case of full-electric vehicles, 5 percent seems to be the inflection point. The time it takes to get to that level varies widely by country, but once the universal challenges of car costs, charger availability and driver skepticism are solved for the few, the masses soon follow.

Tesla faces two trials in quick succession, with more to follow.

Obvious implication: If all electric vehicles are still in good condition, then none of them was a cause for the fire.

The German researchers shared the full details of their hack with BleepingComputer, which will be published in an upcoming BlackHat 2023 presentation scheduled for August 9, 2023, titled 'Jailbreaking an Electric Vehicle in 2023 or What It Means to Hotwire Tesla's x86-Based Seat Heater.'

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