Electric Vehicle Sales Started to Surprise
Electric vehicle sales are causing a major transformation in the automotive industry. However, things do not always go as expected in terms of sales rates and growth rate. In light of recent data, there are important developments regarding the market situation of electric vehicles.
Electric vehicle sales are causing a major transformation in the automotive industry. However, things do not always go as expected in terms of sales rates and growth rate. In light of recent data, there are important developments regarding the market situation of electric vehicles.
By 2024, electric car sales continue to increase worldwide. Especially in the USA, electric vehicles are expanding their market share. According to data from S&P Global Mobility, battery electric vehicles (BEV) new vehicle sales It constituted 8%. This rate was 7% in the first quarter of the year, so there is an increase. However, when looking at the annual growth rate of 50% last year, a slowdown in this year’s growth rate is observed.
Electric Vehicle Sales: High Interest Interests Affect Sales
Growth in the electric vehicle market continues even at a time when the automotive industry is generally struggling. However, high interest rates and the slow decline in vehicle prices began to put a strain on consumers. This situation in general automobile sales one of the key factors contributing to the expected 12% decline. These economic challenges are also affecting consumer habits, according to Chris Hopson, principal analyst at S&P Global Mobility.
Although Tesla maintains its leading position in the electric vehicle market, some recent developments have negatively affected the company’s market share. Tesla’s market share fell below 50% for the first time. The reasons for this are the lack of renewal of the product range and Elon Musk’s time He sometimes has controversial behavior. Trust in Tesla has been shaken, especially in California, the largest electric vehicle market in the USA.
Electric Vehicle Sales: Other Brands Are Reviewing Their Electric Vehicle Strategies
Not only Tesla but also other major automotive companies are facing difficulties in the electric vehicle market. General Motors, It postponed the launch of its new electric models due to some technical problems and decided to focus on plug-in hybrid models. Although Ford almost doubled its electric vehicle sales, it decided to close some battery factories and stop its three-row SUV projects. It seems that the company is focusing more on hybrid models.
Electric The future of vehicles still looks promising. in Europe and the USA Targets to ban the sale of internal combustion engines show that this transformation will accelerate in the long term.
Automobile
Tesla Robotaxi Event Did Not Excite Investors
Although the Tesla Robotaxi event, which made a big impact, created excitement in the technology world, this excitement was not reflected on the investor side.
Although the Tesla Robotaxi event, which made a big impact, created excitement in the technology world, this excitement was not reflected on the investor side.
As you know, Tesla developed a very important event last week. The company, which has been working on driverless vehicles that will be fully autonomous for almost 10 years, introduced its new driverless vehicles and vehicle concepts at this long-awaited Robotaxi event. Tesla’s futuristic-looking new vehicles were greeted with excitement in the technology world. However, there was little trace of such excitement on the investor side. On the contrary, investors seem to have left this event largely disappointed. Because immediately after the event, Tesla shares increased by 6 percent. lost.
There are several important reasons why the Tesla Robotaxi event did not have the expected impact. The first of these is that the Tesla Model 2, which has been expected for a while, has not been introduced. It was believed that Model 2, which will be an electric car that will be sold for approximately 25 thousand dollars, could increase Tesla’s falling sales figures. However, for some reason the company did not introduce this vehicle. Instead he focused entirely on his robotaxis. This decision was not welcomed by investors. Because Cybercab, the company’s robotaxi, will hit the roads in 2027 at the earliest. So it will have to wait almost two years for it to generate significant income. This is not something that will please investors who want to see an improvement in the short term. That’s why, in the meantime, hopes were pinned on Model 2 to increase revenue. But when he did not come, investors left the event unhappy. This was naturally reflected in the shares.
The second reason for this dissatisfaction is that no tangible project has been put forward regarding Tesla Robotaxi projects. Yes, Tesla introduced these vehicles, but did not detail exactly when they would go on sale or how they would get ahead of similar robotaxis. This means uncertainty for investors, which was another reason for the decline in stocks.
Automobile
Apple’s Test Permission Revoked
Apple terminated its autonomous vehicle project months ago. Official authorities also confirmed that the project was cancelled. Here are the details…
Apple terminated its autonomous vehicle project months ago. Official authorities also confirmed that the project was cancelled. Here are the details…
months ago AppleIt was reported that the autonomous vehicle project named Titan was shelved. Mark Gurman, one of the most reliable sources, announced this development. According to new news from macReports, the California Department of Motor Vehicles (DMV) also canceled the company’s autonomous vehicle testing permit. The news states that the DMV received confirmation from the Cupertino company that the permit was canceled on September 25, and that the permit was canceled as of September 27. Thus, the last nail was nailed in the coffin of the technology giant’s ten-year electric vehicle project.
This permit allowed Apple to use and test the autonomous vehicle on any public road in California. The company received this permission in 2017 and would have been active until April 30, 2025 if it had not been canceled. Apple has been using Lexus SUVs equipped with an array of sensors and cameras to test various autonomous driving technologies on the streets of California.
Apple purchased a testing area in Arizona through a shell company called Route 14 Investment Partners. Lexus SUV models were seen in this area. After the cancellation of the Titan project, activity in the test area was reset. According to industry sources, the technology giant is planning to dispose of the test site in Arizona and a few other locations it owns through different shell companies. Sources stated that the income from sales will be used in different projects, especially artificial intelligence.
Automobile
Xiaomi SU7 sales rose to 16,000 units in September
Xiaomi draws attention with its significant sales successes that strengthen its claim in the electric vehicle market. The 20,000 unit delivery target set in October shows Xiaomi’s growth rate and strategic plans in this sector.
Xiaomi draws attention with its significant sales successes that strengthen its claim in the electric vehicle market. The 20,000 unit delivery target set in October shows Xiaomi’s growth rate and strategic plans in this sector.
The company began to compete directly with Tesla’s Model 3 and Model Y vehicles with the Xiaomi SU7 model that it launched in April. Thanks to its affordable price and innovative technology-focused strategy, deliveries in September are stated to be between 15,000-16,000 units.
The fact that sales exceeded 10,000 units in September shows that Xiaomi is not only growing in the electric vehicle market, but also increasing trust in its brand. Achieving this sales performance for four consecutive months is an important step that reinforces Xiaomi’s presence in the market. October Xiaomi, which aims to reach a weekly delivery rate of 5,000 units in 2020, has taken important steps to increase its production capacity.
To cope with this increasing demand, Xiaomi has invested in innovative technologies in the production process. Thanks to smart production systems and automated processes, production efficiency has been significantly increased. In particular, the use of artificial intelligence-supported technologies has increased efficiency at every step in the production line, reduced labor costs and ensured stability in product quality. These innovations increase Xiaomi’s competitiveness in the market, strengthening its hand against giants such as Tesla.
Notable Features of Xiaomi SU7
Xiaomi SU7 wins the appreciation of users with its modern and comfortable interior design. The vehicle is equipped with advanced multimedia and artificial intelligence-based driving assistance systems. Especially navigation and voice assistant systems are praised by users. These technological advantages increase the competitiveness of Xiaomi SU7, making it a preferable option in the eyes of consumers against brands such as Tesla.
If the delivery target of 20,000 units set in October is achieved, Xiaomi will make a big leap in the electric vehicle market. Increasing production capacities and expanding its retail presence will play a critical role in achieving Xiaomi’s long-term goals in this market. Thus, Xiaomi will continue to become a strong and permanent player in the electric vehicle market.
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