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Kia EV3 Teased Ahead of May 23 World Premiere

Just 6 months after the concept was showcased, Kia announced the World Premiere of the EV3 electric SUV to be held on May 23, 2024. The much anticipated Kia EV3 has officially been teased before the May 23 World Premiere. Those interested could watch the live stream on YouTube at 19:00 KST (10:00 GMT / 12:00 CET). Interestingly, the teasers highlight the production model with many elements straight from the concept. I know people are always excited to see elements from the concept making their way to the production version. The Korean auto giant will ensure that it comes to pass. The launch is slated for later this year. Also, the EV4 sedan could follow in 2025. You might also like: Kia EV9 GT Will Boast 0-62 mph Time of 4 Secs, Debut in January 2025 Kia EV3 Teased Ahead of World Premiere The teaser confirms the continuation of Kia’s globally acclaimed ‘Opposites United’ design philosophy with the EV3 as well. We know that the existing EV6 and EV9 embody this design language already. The EV3 will also bear bold, geometric and robust aspects of this theme. One could evidently experience this in the boxy rear fenders, tailgate, signature Star Map Lighting, etc. The teaser image encapsulates the striking 7-shaped LED DRL which flanks the main headlamp cluster. In fact, it is positioned on the extreme edges of the bonnet. We even get a glimpse of the squared-off wheel arches adorned with black claddings. At the rear, the roof-mounted spoiler is visible. Apart from that, the elements from the C pillars seamlessly merge into the vertical component of the LED taillamp. Look closely and you will even see the glass panel connecting the taillamps. Concluding the inspection, I also like the hint of the roof rails to accentuate its SUV-ish traits. All in all, the inspiration from the larger sibling, the EV9, is apparent. It also means that the upright stance and rugged elements will lend an imposing road presence. I would be prepared to witness an attractive compact SUV that will offer similarities to the EV9 to some extent. Expected Specs Kia has been tight-lipped about the kind of specifications it will offer with the EV3. However, we know that it will use the established and widely successful E-GMP architecture of the Hyundai Motor Group (parent company of Kia). Apart from that, we also anticipate that the EV3 will draw power from either a 58 kWh and/or a 77.4 kWh battery pack. For the price-conscious buyers, there will be a single-motor 2WD variant. However, we might even have a dual-motor AWD trim for those seeking spirited performance. Needless to mention, more details will emerge at the World Premiere. You might also like: Upcoming Affordable Kia Electric EVs – EV2 and EV3 Learn Electric Cars Says Hyundai Motor Group in general and Kia in particular are slowly emerging as the players to beat in the global EV industry. Their products like the Hyundai Ioniq 5, Ioniq 5 N, Ioniq 6, Kia EV6, and EV9 have already tasted immense success from customers and critics alike. If you think about it, this entire success story of Hyundai and Kia is barely a couple of years old. It is already ahead of most legacy carmakers in EV sales across the globe. Going forward, they are now focusing on low-cost mass-market electric cars. That is where a product like the EV3 comes into the picture. The platform and battery aspects are already sorted, and the Korean giants are now readying an onslaught of new vehicles rapidly. Their product-offensive strategy might just be enough to make them market leaders within a short span of time. We shall keep an eye out for more developments in this space.

Ford Will Have Hybrids In Every Segment – Ford CEO Jim Farley

3 Comments / EV News / By LEC Team

In the earnings call, Ford CEO also informed about the plans to make affordable EVs as part of their next-gen products. Ford CEO Jim Farley says that the company will offer hybrids in every segment of the market. This announcement comes during the earnings call where the executives were addressing the investors. The American auto giant, unfortunately, reported falling EV revenue last Wednesday. The only ray of hope was the growing sales of Mach-E after Ford cut its prices by 17%. This is an unequivocal indication that potential car buyers still hold affordability as the top priority. You might also like: Ford Hits Pause On Electric Pickup Plans, To Focus On Hybrids Instead Ford CEO Plans Hybrids For Every Segment After the run of poor sales of its electric cars, Ford has realized that affordability is the key to encouraging mass adoption. This was affirmed after the sales of the Mach-E picked up post price cuts. Farley mentions that Ford will be profitable with its next generation of products which will include affordable EVs. Also, it will add capacity for its well-established hybrids like F-150 PowerBoost and Maverick Hybrid. Note that Mach-E is the second-highest-selling electric SUV in the U.S. after the Tesla Model Y. At the moment, the cash flow is being attained from the likes of the Maverick, F-150, F-250 and Ranger. Farley says, “To keep the business relevant and reduce emissions, Ford will have hybrids in every segment.” Furthermore, Ford is already trying for affordable electric cars like its Equinox EV. Going forward, the Blue Oval will try to leverage the image and popularity of the aforementioned products to transition to EVs via hybrids. Farley also said, “What’s really exciting for us is we see an opening in the market. We believe we can be profitable at $25,000 or $30,000.” You might also like: Tesla Cars Cheapest To Maintain, Land Rover Most Expensive Learn Electric Cars Says The magic $25,000 number is looking more and more difficult to achieve as even Tesla lost interest in a more affordable EV than its Model 3. It is clear that the balance between profitability and affordability is hard to maintain. In this regard, Ford could leverage its superior and established supply chain, infrastructure and expertise which makes it sure to offer a profitable and sustainable $25,000 – $30,000 EV. Moreover, its Skunkworks Division might have something prepared in this domain. Only time will tell if it is able to achieve this. Also, its replenished focus on hybrids could also be just what was needed to ensure a smoother transition to EVs from ICE cars. Therefore, we should brace for a hybrid onslaught from Ford in the immediate future, along with a slew of affordable EV launches thereafter.

Kia EV9 GT Will Boast 0-62 mph Time of 4 Secs, Debut in January 2025

9 Comments / EV News / By LEC Team

The performance version of the ultra-practical 7-seat electric SUV from Kia will debut in the first month of next year. The fire-breathing Kia EV9 GT is slated to debut in January 2025, as per the official video from Kia’s 2024 CEO Investor Day Event which took place in Seoul, South Korea. Kia EV9, in case you forgot, is the 2024 World Car Of The Year. Not just that, it even boasts the title of the 2024 World Electric Vehicle Award. Hence, the 7-seat electric SUV is a critically acclaimed product already. With such validation for the regular model, the GT trim is bound to attract traction. Even though the spy media has spotted it testing at Germany’s iconic Nürburgring track, this is the first time Kia has officially shared some details. You might also like: Upcoming Affordable Kia Electric EVs – EV2 and EV3 Kia EV9 GT To Debut In Jan 2025 The 1-hour-27-minute-long video highlights Kia’s plans for the future. Around the 30-minute mark in this video, the President and CEO of Kia, Ho Sung Song, described the upcoming EV9 GT. While there were not too many specifics, there was enough data to point us towards the direction Kia is willing to take. Ho Sung Song mentions that it will continue to focus on the GT (performance) trims of its dedicated EVs. In fact, the GT version of the EV6 is already on sale in many international markets. The key details about the upcoming EV9 GT include “enormous power output” to achieve a remarkable 0-62 mph (0-100 km/h) acceleration time of just 4 seconds. That is a whole 1.3 seconds faster than the EV9 GT-Line and just 0.5 seconds slower than the EV6 GT. This is especially impressive considering the EV9 GT-Line weighs a gargantuan 2,674 kg (Kerb) aka 5,895 lbs and 3,240 kg (Gross) aka 7,143 lbs. Hence, we could expect a bump in 576 hp and 738 Nm (545 lb-ft) figures found in the EV6 GT. Generally, Kia’s GT models come with a tweaked suspension setup along with tons of bodywork to enhance aerodynamics, along with new alloys and tyres for added traction during enthusiast driving. Hence, we could safely assume this to be the case with the upcoming EV9 GT too. More details will surface as time progresses and the debut nears. You might also like: Kia EV6 Facelift Spotted Testing – Everything We Know So Far Learn Electric Cars Says Kia is certainly firing on all cylinders. This capability comes from its parent group, Hyundai Motor Company. It has been actively pursuing multiple approaches to grab a major chunk of future mobility. This includes updated IC engines, hybrid mills, electric powertrains, alternative fuel-powered cars, etc. Kia benefits from these technologies. Hence, Kia is ensuring that current-day driving enthusiasts don’t feel left out in the world of electrification. That is what the GT trims of Kia’s models cater to. This is based on the same parallels as Hyundai’s N Division. We have already seen the Ioniq 5 N and the upcoming Ioniq 6 N. In the same vein, we shall witness the GT versions of the EV6 (already on sale) and the EV9 next year. All things considered, exciting times lie ahead for Kia loyalists.

Honda Announces $11 billion Investment in Canada EV Ecosystem

Honda To Invest $11 Billion In Canada To Develop EV Ecosystem

4 Comments / EV News / By LEC Team

The CAD 15 billion (US$11 billion) is the biggest auto investment in Canada’s history. Honda announces its historic plans to invest a whopping CAD 15 billion (US$11 billion) to strengthen its EV supply system and capability to cater to the future demand in North America (Canada). In fact, it aims to sell 100% BEVs and FCEVs by 2040 with this amount which also includes investments by its joint venture partners to create a comprehensive electric vehicle value chain in Canada. With this investment, Honda will construct an innovative and environmentally responsible Honda EV plant and a stand-alone Honda EV battery plant in Alliston, Ontario. You might also like: Honda 0 Series EVs Mark Brand’s Foray Into The Electric Future Honda To Invest $11 Billion In Canada EV Ecosystem The news comes after speculations of a slowdown in EV sales in the U.S. and China. Nevertheless, the IEA report determining the sales for 2024 suggests that EV sales could hit a record 17 million this year. In any case, such humungous initiatives by legacy carmakers like Honda spell positive signs for long-term sustainable future mobility solutions. In fact, the plan even includes a cathode active material and precursor (CAM/pCAM) processing plant through a joint venture partnership with POSCO Future M Co., Ltd. and a separator plant through a joint venture partnership with Asahi Kasei Corporation. The anticipated production commencement is from 2028 onwards. Once fully operational, the plant will be able to belt out 240,000 EVs annually. On the other hand, the EV battery plant will produce 36 GWh per year. Honda also believes that it will need to hire at least 1,000 new associates for the EV and EV battery manufacturing facilities in addition to the existing 4,200 associates currently at its two existing facilities in Ontario. To start electrification in North America, Honda chose Ohio as its EV production center. They’re upgrading their existing factories, putting $700 million into it. Plus, they’re teaming up with LG Energy Solution to build a new EV battery plant, planning to invest $4.4 billion. The Ohio EV hub will be the foundation of EV and EV battery production in North America and Honda expects EV production at the Marysville Auto Plant in late 2025. Honda Management Comments On this momentous occasion, Toshihiro Mibe, Global CEO of Honda said, “Honda is making progress in our global initiatives toward the realization of our 2050 carbon neutrality goal. In North America, following the initiative to establish our EV production system capability in the U.S., we will now begin formal discussions toward the establishment of a comprehensive EV value chain here in Canada, with the support of the governments of Canada and Ontario. We will strengthen our EV supply system and capability with an eye toward a future increase in EV demand in North America.” You might also like: Upcoming Affordable Kia Electric EVs – EV2 and EV3 Learn Electric Cars Says North America is Honda’s largest market which is why it has such ambitious plans to enable a comprehensive and detailed transition from ICE cars to electric cars. This heavy investment points to the single-pointed focus on sustainable and green mobility solutions of the future. In comparison to the other carmakers, Honda is still lagging behind in this EV race. Sure, it had announced its 0 Series concept for the next couple of years. Still, there is nothing concrete and production-ready at the moment apart from Honda e. In 2022, Honda said it aims to make 30 new EVs and sell over 2 million each year by 2030. They’ve already started selling e:NS1 and e:NP1 in China and e:Ny1 in Europe. In 2024, they’re launching EV SUVs made with GM: Honda Prologue and Acura ZDX/Acura ZDX Type S in North America, and N-VAN e: in Japan. After 2024, Honda will keep making more EVs at a fast pace. Let us bear witness to the future of this ambitious investment strategy.

Mercedes G580 EQ Revealed, Gets 579-hp Quad-Motor Setup

7 Comments / EV News / By LEC Team

The iconic G-Wagon has finally gone electric with a prime focus on off-road performance. The all-new Mercedes G580 with EQ Technology has finally been revealed. In addition to the electric G-Wagon, the German car marque also revealed the 2025 Mercedes G550 and AMG G63. But we would just concern ourselves with the electrified G-Class which now boasts tons of new equipment to be an even more capable off-roading machine. Firstly, only the EDITION ONE variant will launch in the U.S. You might also like: Mercedes-Benz GLC 350e PHEV Announced w/ DC Fast Charging Mercedes G580 EQ Revealed – Specs The electric Mercedes G-Wagon comes in a quad-motor AWD configuration (one motor for each wheel) sourcing power from a high-voltage 116 kWh battery pack (usable). The result is an impressive 579 hp and 859 lb-ft (1,165 Nm) of maximum power and torque enabling a 0 to 60 mph (97 km/h) sprint in a mere 4.6 seconds. The top speed is electronically limited to 112 mph (180 km/h). The ladder-frame SUV boasts an independent double-wishbone front suspension and solid rear axle. There is a shiftable 2-speed transmission with LOW RANGE off-road gear reduction enabling torque vectoring via virtual differential locks. Then there is some unique G-Wagon-specific tech like G-TURN and G-STEERING for a 180-degree U-turn (rotate on the spot) and crawl function, respectively. This hardware allows high stability on lateral slopes of up to 35 degrees and a maximum fording depth of 33.5 inches (851 mm). The charging equipments include either an 11 kW AC or 200 kW DC fast charger. The latter ensures a charging time of 32 minutes for 10% to 80% SoC. To protect the battery components, the underbody is constructed using carbon-mixed materials. They possess higher rigidity in comparison to steel or aluminium. Furthermore, it offers protection against corrosion and weighs less. The ground clearance is a massive 9.8 inches (249 mm). Finally, the G580 EQ has a 32-degree approach angle, a 30.7-degree departure angle and a 20.3-degree breakover angle. Specs Mercedes G580 EQ Battery 116 kWh (usable) Drivetrain Quad-Motor AWD Power 579 hp Torque 859 lb-ft (1,165 Nm) Transmission 2-speed Charging (200 kW DC) 32 mins (10% to 80% SoC) Acc. (0 – 60 mph / 97 km/h) 4.6 seconds Top Speed 112 mph (180 km/h) Approach Angle 32-degree Departure Angle 30.7-degree Breakover Angle 20.3-degree Specs You might also like: Mercedes VISION EQXX Drives 1,010 km On Single Charge, Still Has 309 km Range Left Interior and Features The cabin of the new Mercedes G580 EQ Technology is as extravagant as you would’ve imagined. The prime highlights of the interior consist of: You might also like: 2024 Mercedes EQS and EQE Get All-New Braking, More Range Learn Electric Cars Says The electrification of the iconic G-Wagon marks a key milestone in the history of the German luxury carmaker. The electric G-Class was in the works for a long time. We had spotted spy images and videos on multiple occasions. Now that it is finally here, it would be intriguing to witness how well the new customers embrace it. There was always a ruggedness associated with the G-Wagon in the ICE guise. Sure, not a lot of people generally take out a G-Wagon in off-roading environments. We don’t suppose that will change much with the electric guise of the G-Wagon either. Still, Mercedes has specifically mentioned that its prime focus while designing the electric G was off-roading. That becomes evident the moment you take a look at the off-roading kit on offer. We shall cover the reactions of the media and customers as soon as they are out.

Hyundai Ioniq 5 N eN1 Cup Car Marks Brand’s Entry Into EV Racing

8 Comments / EV News / By LEC Team

The Korean carmaker will feature the Ioniq 5 N eN1 at the Hyundai N Festival motorsports event on April 27. The debut of the fire-breathing Hyundai Ioniq 5 N eN1 Cup Car is a sign that the brand aims to enter the sustainable racing domain in the future. Essentially, Hyundai wants to test its cutting-edge technologies and boundaries of what EVs can accomplish on the racetrack. Ioniq 5 N eN1 Cup Car is a top-class racing car for professional drivers competing in the N1 class. This EV won’t be allowed to be driven on public roads. You might also like: Hyundai Ioniq 6 N To Be A Meaner Avatar Of The Ioniq 5 N Hyundai Ioniq 5 N eN1 Cup Car Based on the same E-GMP platform as the regular Ioniq 5 and performance-focused Ioniq 5 N, the Ioniq 5 N eN1 makes use of the same power electronics (PE) as the latter. The Ioniq 5 N is a high-performance EV from Hyundai, which takes forward the legacy of the N Division into the electric era. Leveraging Hyundai’s E-GMP architecture, robust thermal management system and strong regenerative braking system, the Ioniq 5 N eN1 is designed for high power output and high durability for intensive circuit driving using slick tires. Since safety plays a key role in any racing scenario, the Hyundai Ioniq 5 N eN1 Cup Car will come with essential safety elements, such as roll cages, racing bucket seats, seat belts, fire extinguishers exclusively for electric fires, asphyxiation fire extinguishers and modified charge port location. The specifications include: The dedicated Ioniq 5 N technologies incorporate: You might also like: Hyundai IONIQ 5 N Starts At $66,100 – How Does It Compare To The Rivals? Learn Electric Cars Says One might think that Hyundai Motor Company is spreading itself thin with constant innovations in IC engines, electric powertrains, hybrid engines, alternative fuels and performance EVs like the N Division and now, the Cup Car. However, looking at the way things are going for the Korean automobile giant, these endeavours are paying off. Its Ioniq range of EVs has received immense applause from critics and consumers alike. The N Division has been successful since its inception. It remains to be seen how the Ioniq 5 N is accepted by the buyers going forward. We know that the N version of the Ioniq 6 in is the works and will arrive in the next few months. Amidst all this, the news of the Ioniq 5 N eN1 Cup Car is an unequivocal sign that Hyundai has no plans of slowing down. It wants to electrify every aspect of mobility. With this, the car marque is sure to create a significant lead from the rest of the legacy carmakers, who are still struggling to execute the transition for the most part.

Nio ET7 Achieves 665 Miles w/ Semi-Solid State Battery In Real World

9 Comments / EV News / By LEC Team

The Chinese automotive company has just rolled off its 150 kWh solid-state battery off the assembly line a few days ago. Nio ET7 has bagged a rather impressive milestone of completing 665 miles (1,070 km) on a single charge using the semi-solid state battery. This latest battery from Nio has a capacity of a substantial 150 kWh. This marked the first test of the ultra-long-range battery pack since its mass production. In December 2023, Nio Founder, Chairman and CEO, William Li drove the 2023 ET7 with a 150 kWh semi-solid state battery in a challenge where he drove for 1,044 km with 36 km of remaining CLTC range. You might also like: 5 New EV Battery Technologies – Aluminium-ion to Niobium Nio ET7 With Semi-Solid State Battery As per the official press release from the Chinese auto giant, the Nio ET7 with this new battery was tested on three different routes – from Kunming, Yunnan to Zhanjiang, Guangdong; from Beijing to Hefei, Anhui; and from Shanghai to Xiamen, Fujian. For these three routes, the electric car was able to drive for 1,070 km (665 mi.), 1,062 km (660 mi.) and 1,046 km (650 mi.), respectively. In the longest trip, the energy consumption was 12.7 kWh per 100 km and the driving time was 12.8 hours. The average speed was 83.7 km/h (52 mph) and the top speed was 118 km/h (73 mph). Also, the vehicle load was about 200 kg (441 lbs) and the altitude change was 1,875 m. Parameter Value Battery 150 kWh Semi-Solid State Range (max) 1,070 km (665 mi.) Energy Consumption 12.7 kWh per 100 km Average Speed 83.7 km/h (52 mph) Top Speed 118 km/h (73 mph) Altitude Change 1,875 m Driving Time 12.8 hours Details of the Trip Launch Details Nio opened pre-orders for the 2024 Nio ET7 on April 16 and the deliveries are set to commence on April 30. The official launch is slated for April 25. The pricing and specifications will be announced on that very day. You might also like: 91.5% of All Cars Sold in Norway in March 2024 Were Electric Semi-Solid State Battery One of the most intriguing aspects of this 150 kWh semi-solid state battery is that it is the same size as the 100 kWh unit. Moreover, it only weighs 20 kg (44 lbs) more even though it holds 50% more capacity. That makes it extremely efficient and highlights the advantages of semi-solid state batteries. In its construction, it differs from the regular Lithium-ion battery in that it has a solid conductive material suspended in a liquid electrolyte. On the other hand, Li-ion batteries have a liquid or gel-like electrolyte which enables the movements of Lithium ions between the cathode and anode. Hence, these are more prone to leakages and thermal runaways. Since, it is not so in semi-solid state batteries, they are safer. Also, they have higher energy density in the same volume which makes them perfect for applications in confined spaces. They are also better for the environment since they can be made using non-toxic materials. They are lighter than the regular Li-ion batteries which relates to the earlier point about their higher energy density. The solid material used in electrodes forms a porous layer which is able to absorb more active material resulting in higher energy density and improved performance. It allows more efficient ion transportation between the electrodes. All these factors combine to make the semi-solid state batteries lightweight, more efficient and more energy dense. You might also like: Hyundai Ioniq 6 N To Be A Meaner Avatar Of The Ioniq 5 N Learn Electric Cars Says Extensive work is happening in the field of EV battery technology at the moment. New players, as well as the existing firms, are deploying time, energy and resources to improve the existing tech. In essence, the aim is to reduce the battery size and weight and make them more energy-dense and efficient. All these factors will contribute toward creating EVs that can run for long ranges. The battery in the 2024 Nio ET7 is a prime example of how we can stretch the potential of an EV battery. Let us keep an eye out for more details in this space.

Next-Gen Ford Electric Pickup Truck Delayed

Ford Hits Pause On Electric Pickup Plans, To Focus On Hybrids Instead

7 Comments / EV News / By LEC Team

Ford becomes yet another legacy carmaker to reassess its ambitious EV plans and the decision to skip hybrids. The next-generation Ford electric pickup truck was slated for launch by next year (2025). However, with the current slowdown in the EV demand, the pickup truck will now arrive in 2026. That’s not all. Its three-row electric SUV has been delayed to come in 2027. It was originally supposed to arrive in 2025 too. This marks a vivid reconsideration of Ford’s original plans of skipping the hybrid cars. You might also like: 4 Electric Pickup Trucks Driven Until They Died – Tesla, Ford, Rivian, Chevy Ford Electric Pickup Delayed Ford CEO Jim Farley announced that the American giant will emphasize deploying capital wisely to plan the future. As a consequence, it has delayed the launches of the two all-electric vehicles. Instead, in fact, the American auto major will focus on hybridizing the existing internal combustion cars in its entire portfolio. He said, “As the No. 2 EV brand in the U.S. for the past two years, we are committed to scaling a profitable EV business, using capital wisely and bringing to market the right gas, hybrid and fully electric vehicles at the right time. Our breakthrough, next-generation EVs will be new from the ground up and fully software enabled, with ever-improving digital experiences and a multitude of potential services.” Even though the existing Ford F-150 Lightning is doing decently on the sales charts, Ford is not confident if the next-gen EVs will experience high demand as the entire EV industry braces for slow growth this year. We also know that Ford will drop the “Lightning” nomenclature for the next-gen electric pickup truck. As for the delays, Ford feels that this will provide the EV segment enough time to mature. Furthermore, it will lead to Ford being able to capitalize on emerging battery technology which will offer the consumers enhanced “durability and better value.” You might also like: Tesla Eyeing Indian Factory With Capacity Of 500,000 EVs Learn Electric Cars Says Prominent carmakers are resorting to re-think their strategy of going all-electric too soon. Many thought that when electrification is the end goal, why invest in a transitioning technology like hybrid cars? But slowly, they are realizing that the growth and demand for EVs might not be as exponential as the industry experts initially predicted. In such a scenario, hybrid cars could provide a perfect stepping stone to reach mass EV adoption in the coming years. Therefore, going hybrid makes a lot of sense. Let us see which other car marques adopt this route going forward.

Tesla Reclaims Title Of World’s Largest EV Maker With Q1 Sales

8 Comments / EV News / By LEC Team

The American EV giant sold 386,810 electric cars in Q1 of 2024 in comparison to BYD’s 300,114 units. As per the sales data for Q1 2024, Tesla has reclaimed its title of the biggest EV maker in the world. This news report becomes important because, in the last quarter of 2023, the Chinese auto giant BYD overtook Tesla in total EV sales. That was a huge deal where the American auto giant had lost the top spot in quarterly sales for the first time ever. Speculations were floating suggesting that the Chinese automakers might finally be about to take over. But the first quarter of 2024 indicates otherwise. You might also like: Tesla Clocks 6 Million Lifetime Sales, 1 Million In Last 6 Months Tesla Q1 2024 Sales The 386,810 units sold by Tesla in Q1 of 2024 might be the highest in the world, but this number is significantly lower than what it sold in the last quarter. How low? Well, 20.2% lower! Not only that, this Q1’s sales are also 8.5% lower than the Q1 of 2023 (same period from last year). That is an unequivocal indication of the overall industry slowdown. In fact, the global automobile industry is largely driven by the Chinese market. Hence, these numbers represent the slowing down of EV demand. BYD Q1 2024 Sales That also explains the huge decline in BYD’s EV sales of 300,114 units in this quarter in comparison to the last quarter (526,409). However, in BYD’s case, these sales numbers are a significant 13.4% higher than what it sold in Q1 of 2023 (same period from last year). These numbers highlight that this year is going to be a slow year in terms of sales and demand for EVs. You might also like: 1,300 hp BYD YANGWANG U9 Is Ready To Redefine Electric Supercar Segment Learn Electric Cars Says The overall EV industry is in a slowdown, at least in the biggest economies in the world including the USA and China. Hence, these dictate the overall market trends. Nevertheless, some developing countries are still new to this EV revolution and are, therefore, displaying extremely positive growth signs. Going forward, the EV industry could also benefit from these small nations as EV adoption becomes more widespread. In any case, we shall have to keep an eye out for how each quarter from here on pans out in terms of global sales.

Toyota Hilux Electric Pickup Truck Announced

Toyota Hilux Electric Pickup To Enter Into Production By 2025

6 Comments / EV News / By LEC Team

The Japanese auto giant might be evidently reluctant to adopt the EV route solely, but it is certainly ensuring to keep all options open. Toyota Hilux electric pickup truck will finally go into production by the end of 2025. The announcement came a few days ago by the President of Toyota Thailand, Noriaki Yamashita. We don’t need to reiterate just how popular the Hilux pickup truck is across the globe. In fact, it is produced in 6 different locations globally and is on sale in over 180 countries. With such a legacy to live up to, the electric avatar will have its work cut out. You might also like: EV Makers Reconsidering Their Ambitious Plans, Was Toyota Right All Along? Toyota Hilux Electric Pickup To Go In Production In 2025 Note that Toyota unveiled the all-electric concept version of the Hilux back in 2022 on the occasion of the 60th anniversary in Thailand. The Toyota Thailand President also said that the pickup will commence testing in the resort town of Pattaya, Thailand. In fact, Pattaya is slated to receive almost a dozen electric trucks next month to be utilized as public transportation vehicles in the area. Interestingly, its chief rival, the Isuzu D-MAX pickup truck in the electric avatar was also recently announced. That could’ve persuaded Toyota to announce the electric Hilux as well. Remember, both these are arch rivals, not just in Thailand, but in many markets across the globe. You might also like: Xiaomi SU7 EV Launched At $4,000 Less Than Tesla Model 3 Toyota’s Diversified Approach Toyota is famously against the idea of complete electrification. In fact, it is focusing its energy, time, investment and resources toward developing electric, hybrid, plug-in hybrid, hydrogen and alternate fuel-sourced cars. Hence, it is adopting the multi-route approach until the path becomes clear. It remains an avid believer in hydrogen and still invests a lot of time and energy in developing techniques to make it feasible, safe and practical to use for automobiles. You might also like: Kia EV6 Facelift Spotted Testing – Everything We Know So Far Learn Electric Cars Says Toyota is an interesting case in this modern world where everyone is joining the EV bandwagon. Legacy carmakers are constantly torn between developing new techniques to make their existing IC engines compatible with the latest emission norms and transitioning to electrification. Most established car companies have announced their ambitious plans to go all-electric in the coming years. In fact, there have been new brands which have emerged to challenge the established car marques with their EV approach from the ground up. Amidst all this, Toyota is sticking to its guns and ensuring that it leverages the image it has commanded over the years. In doing so, it is trying out various methods to test which is the best way forward. A mix of electrification, hybridization, new energy cars like hydrogen, as well as traditional IC engines seems to be the current strategy.

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