Automotive industry Archives - Auto Global News

6Jan

By E.WilsonNo Comments

Lucid Reports Strong EV Deliveries in 2025, Surpasses Lowered Targets

Electric vehicle manufacturer Lucid Group reported a significant increase in deliveries last year with sales up by 55% to reach 15,841 units. The company met its revised production target of about 18,378 vehicles for the year.Key TakeawaysLucid's deliveries increased by 55% in 2025 compared to 2024.The company met its revised production target of roughly 18,378 vehicles for the year.New Gravity SUV ramped up production significantly throughout the fourth quarter.Lucid Group's impressive growth in deliveries last year is a testament to their growing popularity among EV enthusiasts. The company has been steadily increasing its output since launching its first vehicle, and this latest report shows they're on track with plans for expansion.The production of Lucid’s new Gravity SUV played a cru...

Rivian’s Q4 2025 Sales: Meh, But R2 Aims to Change That in 2026

5Jan

By J.CarterNo Comments

EV & Electric Cars, News, Pickup Trucks

Rivian’s Q4 2025 Sales: Meh, But R2 Aims to Change That in 2026

<a href="https://autoglobalnews.com/automakers-knew-about-battery-production-lead-poisoning-rivian-eyeing-steer-by-w/" style="color:#1a73e8;text-decoration:underline;" title="Automakers Knew About Battery-Production Lead Poisoning, Riv">Rivian released its fourth quarter and full-year 2025 production and delivery figures last week. The numbers were underwhelming with only 9,745 deliveries in Q4, totaling 42,247 for the year. However, Rivian is banking on a new mass-market vehicle—the R2—to turn things around.Key TakeawaysRivian delivered only 9,745 vehicles in Q4 and 42,247 for the full year of 2025The company aims to start mass production on its R2 model in 2026 as a Investors will get more details at Rivian's February earnings callRivian’s current lineup includes the pricey an...

Xiaomi Sets Ambitious EV Delivery Goals for 2026

4Jan

By M.ChenNo Comments

Industry & Business, News

Xiaomi Sets Ambitious EV Delivery Goals for 2026

Xiaomi, the tech giant now venturing into electric vehicles (EVs), announced ambitious plans to deliver 550,000 cars in 2026. This represents a near-34% growth from over 410,000 units delivered last year.Key TakeawaysXiaomi targets delivering nearly half a million EVs in 2026, up by about 34%The company aims to introduce four new models this year including refreshed versions of the SU7 sedan and YU7 SUVBy expanding its lineup and achieving early success with existing vehicles, Xiaomi is positioning itself as a major player in China's EV marketXiaomi's 2026 goal comes after it surpassed its target for last year of delivering over 415,000 cars. The company achieved this milestone ahead of schedule and aims to build on that success with new models.The tech firm plans four vehicle launches in ...

3Jan

By M.ChenNo Comments

EV & Electric Cars, News

BYD Surpasses Tesla in Electric Car Sales Globally

China's BYD has outpaced Tesla to become the world’s leading electric vehicle (EV) manufacturer, according to figures released on Friday. The company sold more EVs than its American rival for the first time ever in 2025.Key TakeawaysTesla's global sales fell by 9% last year, while BYD surpassed it as the world’s top EV manufacturer.The U.S. government's decision to eliminate tax credits for electric vehicles has significantly impacted Tesla's market share in America.BYD's success is attributed to its diverse lineup and aggressive expansion into global markets beyond China.Tesla’s sales dropped 16% during the fourth quarter of 2025, while BYD continued to grow. The company's market share in the U.S., where it once dominated with a 45% slice of EVs sold, has decreased due to policy changes.B...

3Jan

By M.ChenNo Comments

EV & Electric Cars, News

Tesla Reports Q4 Deliveries Down by 16% to 418,227 Vehicles

Tesla delivered 418,227 vehicles in the fourth quarter of 2025, marking a significant drop from its previous performance. The company's results fell short of Wall Street expectations and show signs of growing competition within the electric vehicle market.Key TakeawaysTesla delivered 418,227 vehicles in Q4 2025, down by 16% from a year earlier.The company's annual deliveries dropped to 1.64 million units, an 8.6% decrease compared to the previous year.Tesla faces tough competition globally as rivals like BYD and Volkswagen expand their EV offerings in key markets.And with its Q4 delivery numbers down by 16%, Tesla's performance highlights a challenging period for the company. The decline comes despite record-breaking production totals, indicating that supply isn't translating into sales at...

3Jan

By J.CarterNo Comments

EV & Electric Cars, News

Tesla Q4 Delivery Numbers Better Than They Look, Analyst Says

Tesla delivered just under 420k vehicles in the fourth quarter of last year, slightly below expectations but still impressive when accounting for tax credit timing distortions. Gene Munster from Deepwater Asset Management argues that numbers are better than they appear at first glance.Key TakeawaysTesla's Q4 deliveries of 418k vehicles were below expectations but still strong when normalized for tax credit timing effects.The firm estimates that the pull-forward effect from September due to tax credits impacted December figures by around 55,000 units.Analysts believe Tesla's market share in U.S. EV sales has improved over recent quarters despite overall declines in the industry.Tesla reported delivering nearly 420k vehicles for Q4 2025, a number that initially seems underwhelming compared t...

Dreame’s Electric Supercar Won’t Imitate Bugatti Chiron

3Jan

By AGN EditorNo Comments

News, Supercars

Dreame’s Electric Supercar Won’t Imitate Bugatti Chiron

Dreame, a Chinese company known for its vacuum cleaners, has scrapped plans to make an electric supercar that closely resembled the iconic Bugatti Chiron. The firm is now working on a new design.Key TakeawaysDreame's first automobile project was initially inspired by the Bugatti Chiron but has since changed course.The company scrapped its initial design and started anew, aiming for an original look rather than a copycat model.New images reveal a distinctively different car that won't be mistaken for a replica of any existing supercar.Several months ago, Dreame announced plans to enter the automotive industry with its first electric supercar. Early renderings showed an almost identical likeness to the Bugatti Chiron, causing widespread speculation and debate among auto enthusiasts. However,...

Tesla Struggles as Rivals Catch Up in Electric Car Race

1Jan

By E.WilsonNo Comments

EV & Electric Cars, News

Tesla Struggles as Rivals Catch Up in Electric Car Race

Tesla's once-dominant position in the electric vehicle market has faltered, with competitors like BMW and Hyundai now offering cars that match or even outshine Tesla’s offerings. With Elon Musk’s antics distracting from business operations and a lineup of products failing to impress, can Tesla regain its mojo?Key TakeawaysTesla's sales have dropped due to stiff competition.The Cybertruck has been a commercial failure.New rivals like Chinese brands are also threatening Tesla’s market share.Back in the day, Tesla was seen as an innovator with no real competitors. But now that established carmakers have caught up and newer entrants from China are making waves, it's a different story altogether. The Model Y Standard may be cheaper than ever before at £41,990 but still can't compete against riv...

Porsche Recycles Waste into High-Quality Car Materials

30Dec

By M.ChenNo Comments

EV & Electric Cars, News

Porsche Recycles Waste into High-Quality Car Materials

Porsche is developing a project that converts waste materials like plastic bottles and old tires into premium car components. The initiative aims to reduce the automaker's environmental footprint while producing high-quality parts for future models.Key TakeawaysPorsche will use recycled plastics in interior trim pieces, reducing waste by 50%The company plans to incorporate old tires into brake pads and other componentsThis project aligns with Porsche's goal of becoming more sustainable without compromising on quality or performanceBy using post-consumer plastics in car interiors, Porsche hopes to cut down on waste sent to landfills. The automaker estimates that this move could prevent up to 50% of plastic bottles from ending up as trash.Porsche also aims to recycle old tires into brake pad...

Hyundai Palisade Leads Global Sales in 2025, Genesis G90 Gets Facelift

30Dec

By J.CarterNo Comments

EV & Electric Cars, News, SUV & Crossovers

Hyundai Palisade Leads Global Sales in 2025, Genesis G90 Gets Facelift

Despite the automotive landscape, Hyundai's large SUV segment continues to thrive. The company announced that its flagship model, the Hyundai Palisade, achieved record-breaking global sales figures for the year 2025. Meanwhile, luxury sibling Genesis is set to unveil a refreshed version of their full-size sedan, the G90.Key TakeawaysThe Hyundai Palisade saw an impressive sales surge in 2025 with over 150,000 units sold worldwide.A redesigned rear end is expected to debut on the Genesis G90 facelift later this year.Both models continue to build upon their predecessors' success while incorporating modern technology and design elements.The Palisade's impressive sales numbers reflect a growing consumer appetite for spacious, well-equipped SUVs. With its third-row seating and ample cargo space...