Toyota surpasses 2023 predicted production target
According to Reuters, Toyota has set a new production record for the fiscal year 2023, with over 9.1 million vehicles produced, slightly surpassing the company’s predicted target. However, the ongoing COVID-19 pandemic and chip shortage continue to disrupt production. In the first quarter of 2023, Toyota Motor sold 17,473 units of pure electric vehicles. Despite these challenges, the automaker remains committed to meeting the increasing demand for eco-friendly vehicles.
Jeep releases teaser image of fourth pure electric SUV
Jeep recently released a teaser for its upcoming all-electric SUV, which is slated to hit the market in 2025. In the meantime, the company has opened pre-sales for its new Grand Cherokee 4xe plug-in hybrid electric vehicle (PHEV). The starting price for the Grand Cherokee 4xe is 650,000 RMB.
Tesla releases 2022 impact report
Tesla recently published its "2022 Tesla Impact Report", which highlights the company's efforts to reduce its carbon footprint. According to the report, Tesla was able to achieve a 60% month-on-month increase in total carbon reduction in 2022, with a total of 13.4 million tons of carbon reduced. In addition, the Model Y all-wheel drive version has achieved an impressive energy efficiency of 4 miles per kWh. The report also notes that Tesla's Autopilot system has significantly improved vehicle safety, reducing the likelihood of accidents to 8.5 times less than the U.S. average.
XPeng car advertisement is accused of insulting "Tesla”
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XPeng Motors recently faced criticism after an advertisement was released that appeared to mock Nikola Tesla, using his image as a "stepping stone" to promote the XPeng G6. Many commentators felt that the advertisement was disrespectful to the legacy of Tesla, as well as to the broader value of scientific achievement and human civilization. In response to the backlash, XPeng Motors claimed that the video was created by a car comic blogger and was not an official company production.
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New BYD Song PLUS DM-i spy photos exposed
Recently, spy photos of the upcoming BYD Song PLUS DM-i were leaked. The new vehicle features a completely redesigned exterior that is reminiscent of the brand's Seal model from the Ocean series, lending it a more youthful and modern appearance. The DM-i and EV versions are differentiated primarily by the front license plate area and rear air intake, which enhances their visual distinction.
U.S. tightens scope of subsidies for electric cars
To encourage the domestic production of electric vehicles, the United States has implemented stricter regulations on subsidies for such vehicles. As a result, the majority of the 60+ electric or plug-in hybrid models currently available in the US will no longer be eligible for tax credits under the Treasury Department's guidelines and other provisions of the Inflation Cut Act.
A total of 510,000 vehicles have been scrapped in China
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During the 2023 annual meeting of the China Automotive Power Battery Industry Innovation Alliance on April 27, Wang Pan, the director of China Automobile Data's power battery department, reported that the average lifespan of new energy vehicles currently exceeds the industry's projected range of 6-8 years. Furthermore, the retirement peak of power batteries is expected to occur later than previously predicted. As of the end of 2022, a total of 510,000 new energy vehicles and 24.4 GWh of power batteries have been decommissioned.
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