South Korea has marked a major milestone within the electrical car (EV) sector as cumulative registrations surpassed 500,000 by the tip of 2023, with Hyundai’s Ioniq 5 leading the market. This achievement displays a strong 39.5% improve from the earlier year, highlighting the nation’s accelerating shift in direction of sustainable transportation. Surge in EV Recognition
If the past couple of years of entrepreneurship have been defined by one person, it’s Elon Musk. With a resume boasting the creation of transformative companies like PayPal, Tesla, and SpaceX, and also currently the boss of X (formerly Twitter), Elon Musk epitomises the quintessential business maverick, a trailblazer whose audacious vision and relentless drive
Micromobility operator Neuron Mobility has revealed the results of an extensive study into e-scooter use in New Zealand, covering perceptions on safety, economic impact and rider demographics. While 36% of trips have replaced a car journey in New Zealand, improving air quality and congestion, more than half (55%) of New Zealand riders are using e-scooters
BMW Group Middle East announces a significant leadership change effective from April 1, 2024. Karim-Christian Haririan will assume the role of Managing Director, succeeding Dr Hamid Haqparwar who departs the BMW Group after 18 years with the company and holding the position as Managing Director of BMW Group Middle East since 2018. Karim-Christian Haririan brings
The Vietnam Automobile Manufacturers’ Association (VAMA) announced that its members sold a total of 30,876 units during January – February, plunging 23% from the same time last year. Meanwhile, the two-month sales in 2021 were recorded at 40,017. Besides VAMA members, the Vietnamese auto market also includes other automakers such as Audi, Jaguar Land Rover,
Tesla’s Autopilot and Full Self Driving technology and nine other assisted-driving systems marketed by major automakers received “poor” ratings from the US Insurance Institute for Highway Safety in a new study. The IIHS, a safety research arm of the insurance industry, also said there is no evidence that Autopilot or other assisted-driving systems have real-world
China is optimistic about the growth momentum of the automobile industry this year and sees its new energy vehicle sales growing 20 percent year-on-year in 2024, said the country’s top industry regulator. Xin Guobin, vice-minister of industry and information technology, said that based on industry estimates, both the sales and production of automobiles will be
Alef Aeronautics CEO Jim Dukhovny is very excited about his company’s Model A flying car, and so are 2,850 other people with $300,000 to spare. He told reporters that the company has that many pre-orders, and he made some big claims. Because San Mateo, California-based Alef got that many signups since its order books opened
