Volvo Cars announced a significant surge in global car sales for April 2024, marking a 27% increase compared to the same period last year. This upward trend continues a strong start to the year, with sales for the first four months up 15.6%. Plug-in Cars Lead the Charge A key driver of Volvo’s success is … Read more
Electric vehicle (EV) startup Rivian is ramping up production at its Illinois factory, aiming to build up to 155,000 of its new R2 SUVs annually. This significant increase, announced in their first-quarter earnings report, highlights the company’s high hopes for the R2’s impact on sales. Factory Expansion Boosts Production Capacity Rivian’s planned upgrades to its … Read more
Electric Vehicle Leader Experiences Surge Despite Holiday Period. BYD defied expectations in March 2024, showcasing a remarkable resurgence in new energy vehicle (NEV) sales. The Chinese automaker effectively shook off the traditional slowdown associated with the Lunar New Year holiday, achieving record-breaking figures and solidifying its position as a frontrunner in the electric vehicle market. … Read more