Volvo Cars’ stock soared 7.4% as robust EV demand in India and global markets offsets a 12% sales drop in June. Despite challenges like trade tariffs and supply chain issues, Volvo’s focus on electric trucks and new models like the ES90 drives optimism. India’s EV market, projected to hit $114 billion by 2029, underscores the … Read more
“China’s electric vehicle market soared in 2024, with 48% of car sales being EVs, driven by a 40% rise in new energy vehicle sales. Battery electric vehicles (BEVs) held a 25% share, while plug-in hybrids (PHEVs) surged. Government subsidies, competitive pricing, and exports fueled this growth, reshaping global markets.” China’s EV Market Dominates with Record-Breaking … Read more
XPeng Inc. delivered 33,525 smart electric vehicles in May 2025, marking a 230% year-over-year surge. The MONA M03 Max, launched on May 28, drove sales with its affordable AI-driven features. Total deliveries for the first five months reached 162,578 units, up 293%. XPeng’s XNGP system achieved an 85% urban penetration rate, reinforcing its lead in … Read more