Auto Sector

BYD to build $1 billion EV plant in Turkey to accelerate global expansion

BYD to build $1 billion EV plant in Turkey to accelerate global expansion

BYD Limited, the Chinese automaker known for offering affordable electric vehicles (EVs), has announced plans to build a monumental $1 billion EV plant in Turkey, marking yet another noteworthy str

Volvo Global EV sales set new record in June 2024, thanks to EX30

Volvo Global EV sales set new record in June 2024, thanks to EX30

June 2024 marked a significant milestone for Volvo Cars as the company reported record-breaking global sales, partly thanks to the surge in demand for the brand’s electric vehicles (EVs).

Kia EV sales jumps over 100% both in June and Q2 2024

Kia EV sales jumps over 100% both in June and Q2 2024

South Korean automaker Kia Motors’ electric vehicle (EV) sales in the United States saw an impressive surge, growing more than 100 per cent in both June and the second quarter (Q2) of this year.

BYD signs new EV leasing partnership deal with Ayvens in Europe

BYD signs new EV leasing partnership deal with Ayvens in Europe

Making significant strides in the European market, Chinese automaker BYD Limited has signed a new EV leasing partnership deal with leading car leasing firm Ayvens.

Hyundai Motors America sets new Ioniq 5 sales record in Q2 2024

Hyundai Motors America sets new Ioniq 5 sales record in Q2 2024

Hyundai Motors America, the American arm of South Korean automobile manufacturer, set a new record in terms of Ionic 5 sales in the second quarter (Q2) of 2024, despite a slight decline in its over

Fisker trying to sell remaining 3,000 Ocean SUVs in bulk deal

Fisker trying to sell remaining 3,000 Ocean SUVs in bulk deal

As Fisker navigates bankruptcy proceedings, the struggling American electric vehicle (EV) startup is trying to sell its remaining inventory of Ocean electric SUVs in a bulk deal worth up to 46.25 m

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