carsales
Not only have electric cars been affected, but car sales in the EU witnessed a 5.2% drop compared to last year in March, marking the largest decline since July 2022 and the first for this year, as reported by the European Automobile Manufacturers’ Association (ACEA). The decline involved key markets, including Germany (-6.2%), Spain (-4.7%), Italy (-3.7%), and France (-1.5%). The fall has been attributed to a downturn in the market and the timing of the Easter holidays which had a negative impact on sales. In March, within the car industry, which generates €392.2 billion in tax revenue for Eur...
Euronews (English)
Volvo saw a record number of car sales in March, hitting approximately 78,970 cars, which was an advance of 25% year-on-year, as well as an all-time record for worldwide sales in any particular month. This was mostly supported by the introduction of its entirely electric SUV, the EX30 model. The company saw particularly robust sales in the US and Europe, with European sales in March increasing 33% year-on-year, touching 39,756 cars. Electrified car sales in Europe also saw a boost of about 34%, totaling about 24,856 cars. In March, electrified car sales made up about 63% of total European car ...
Euronews (English)
New electric cars' sales rose dominantly among all the categories in January 2024 and provided 11.9% of all the passenger-car deliveries in Europe and the UK. New car registrations climbed by a total of 11.5% in the EU, EFTA and the UK markets after a 3.8% drop in December 2023. However, the entire European market, including the UK, saw a 29.3% jump in the sales of electric cars compared to January 2023, while the number of new plug-in hybrid cars grew by 24.4%, and hybrid electric ones increased by 21.4%. Petrol car sales were up by 2.8% but diesel cars dropped by 5.4%. EVs are, however, stil...
Euronews (English)
The Chinese electric car company saw sales rise 116.1 percent from the previous year. Q1 2021 hedge fund letters, conferences and more NIO's Record SalesThis is the first time the company has delivered more than 8,000 vehicles in a single month, up 20.4 percent compared with May, data released by the company on Thursday showed. NIO Inc (NYSE:NIO) delivered 21,896 vehicles in the second quarter, up 111.9 percent year-on-year and marking five consecutive quarters of positive growth. That was close to the upper end of the company's previous guidance for the second quarter. NIO delivered 41,956 un...
ValueWalk
Here’s a pop quiz for you: In what year did Tesla shoot up nearly 4X, as shown in this chart?Q3 2020 hedge fund letters, conferences and moreI know, it looks like Covid’s meteoric rally, but the correct answer is 2013.A year after Tesla rolled out its first electric sedan, Tesla S, its stock soared 360%. But investors quickly realized Tesla was way ahead of its time and gave out. For the next six years, Tesla stock went nowhere.It appears that investors are again putting Tesla in a similar situation. They’ve bid up the stock to a price that suggests it will sell more cars than is even theoreti...
ValueWalk
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