Varnit Sharma’s Post

Volkswagen Group Maintains Steady Global Deliveries in First Half of 2024 Volkswagen Group has reported stable delivery figures for the first half of 2024, matching the previous year’s performance despite a challenging market environment. The company delivered a total of 4.35 million vehicles worldwide, just slightly below the 4.37 million vehicles delivered in the same period in 2023. The group’s performance was buoyed by significant growth in North America, where deliveries increased by 8%, and in South America, which saw a 15% rise. Western Europe also contributed positively with a 2% increase in deliveries. However, these gains were almost offset by declines in other regions, particularly in China, where deliveries fell […] - https://lnkd.in/dNTkt7HN #automotive #evs #ev #electricmobility #emobility #ebikes #fleets #evfleet #evnews #autonews #electricvehicles #electricvehicle #automotiveindustry #automotivejobs #cleantech #cleanenergy #hydrogen #lithium #evbattery #sustainability #climatechange #electricvehicles #europe #germany #sustainablegrowth #volkswagen

Volkswagen Group Posts Solid Growth in Deliveries in 2023 and Strong Increase in All-Electric Vehicles The Volkswagen Group increased its deliveries in 2023 by 12 percent to 9.24 million vehicles. All regions contributed to this growth, with Europe (+19.7 percent) and North America (+17.9 percent) being the main drivers. China, the Group’s largest single market, grew by 1.6 percent despite a challenging market environment. The Volkswagen Group expanded its market share in Europe as well as North and South America and thus also increased slightly worldwide. Almost all brands recorded growth, in some cases substantial. SEAT/CUPRA achieved the highest increase in the passenger car segment with a rise of 34.6 percent, while MAN led the […] - https://lnkd.in/dgadgYbi #automotive #evs #ev #electricmobility #emobility #ebikes #fleets #evfleet #evnews #autonews #electricvehicles #electricvehicle #automotiveindustry #automotivejobs #cleantech #cleanenergy #hydrogen #lithium #evbattery #sustainability #climatechange #bev #electricvehicles #globaldeliveries #globalnews #sales #volkswagengroup

🚘 European automakers, including industry giants like #Volkswagen, #Renault, and #Stellantis, are considering very unconventional partnerships and collaborations towards cheap #EVs. These are aimed to address the mounting challenges posed by Chinese rivals and #Tesla. 🚀 As the automotive landscape undergoes a transformative shift towards electric vehicles (EVs), these traditional automakers are facing intensified competition. The unexpected slowdown in the adoption of #EVs, coupled with the rising competitive threat, has created a sense of urgency among industry leaders. ⚡ With sales of full-electric cars expected to grow at the slowest rate since 2019, according to BloombergNEF, European automakers are reassessing their approaches. The industry is struggling with various headwinds, including governments reducing incentives, escalating repair costs for rental companies, and consumer frustration with climate policies impacting their finances. 💶 In 2025, stringent emissions regulations in the European Union will come into effect, pressuring manufacturers to sell more battery-electric cars or face substantial fines. Against this backdrop, European automakers are exploring collaborative initiatives, from pooling development resources to potential mergers, to ensure their viability in a rapidly changing automotive landscape. #AutomotiveIndustry #ElectricVehicles #StrategicPartnerships #EuropeanAutomakers Read more at https://lnkd.in/dMawVwAJ

AUTOMOTIVE INDUSTRY: SWEDISH OEM VOLVO CARS HAS RELEASED Q4 & FULL YEAR 2023 RESULTS: GROWTH IN UNIT SALES & SALES REVENUE, DECLINE IN PROFITABILITY. - 2/2: RESULTS PRESENTATION. Q4 2023 Unit Deliveries: 199,600 vehicles or +7% vs Q4 2022 Full Year 2023 Unit Deliveries: 708,700 vehicles or +15% vs Full Year 2022 Q4 2023 Sales Revenue: SEK 109.4B (approximately $15.52B) or +4% vs Q4 2022 Full Year 2023 Sales Revenue: SEK 399.3B (approximately $38.4B) or +21% vs Full Year 2022 Q4 2023 Net Profit: SEK 3.3B (approximately $317M) or +17% vs Q4 2022 Full Year 2023 Net Profit: SEK 14.1B (approximately $1.36B) or -17% vs Full Year 2022 $1 = SEK 10.40 Volvo Cars' 2023 Results Presentation below includes many updates on their electrification roadmaps as well as an economic evaluation of Volvo Cars' EV business. #ev #evs #bev #bevs #electricvehicle #electricvehicles #electricmobility #emobility #greenmobility #sustainablemobility #urbanmobility #smartmobility #futuremobility #newmobility #mobility #automotive #automotiveengineering #automotivetechnology #automotiveindustry #roadtransportation #innovation #technology #emissions #emissionscontrol #emissionsreduction #zeroemissions #zev #decarbonization ##2023results #q42023results #outlook #2024outlook #volvo #volvocars #geely #polestar

AUTOMOTIVE INDUSTRY: SWEDISH OEM VOLVO CARS HAS RELEASED Q4 & FULL YEAR 2023 RESULTS: GROWTH IN UNIT SALES & SALES REVENUE, DECLINE IN PROFITABILITY. - 2/2: RESULTS PRESENTATION. Q4 2023 Unit Deliveries: 199,600 vehicles or +7% vs Q4 2022 Full Year 2023 Unit Deliveries: 708,700 vehicles or +15% vs Full Year 2022 Q4 2023 Sales Revenue: SEK 109.4B (approximately $15.52B) or +4% vs Q4 2022 Full Year 2023 Sales Revenue: SEK 399.3B (approximately $38.4B) or +21% vs Full Year 2022 Q4 2023 Net Profit: SEK 3.3B (approximately $317M) or +17% vs Q4 2022 Full Year 2023 Net Profit: SEK 14.1B (approximately $1.36B) or -17% vs Full Year 2022 $1 = SEK 10.40 Volvo Cars' 2023 Results Presentation below includes many updates on their electrification roadmaps as well as an economic evaluation of Volvo Cars' EV business. #ev #evs #bev #bevs #electricvehicle #electricvehicles #electricmobility #emobility #greenmobility #sustainablemobility #urbanmobility #smartmobility #futuremobility #newmobility #mobility #automotive #automotiveengineering #automotivetechnology #automotiveindustry #roadtransportation #innovation #technology #emissions #emissionscontrol #emissionsreduction #zeroemissions #zev #decarbonization ##2023results #q42023results #outlook #2024outlook #volvo #volvocars #geely #polestar

Volkswagen's Bumpy Road to Electric Vehicles: Challenges and Cost-Cutting Measures Volkswagen, the German auto giant, is hitting some speed bumps on its journey to electric vehicles (EVs). The company’s facing tough times as it tries to keep up with the fast-changing EV market, according to a recent Wall Street Journal report. EV Investment Dilemma Volkswagen’s in a tight spot. They can’t easily cut back on EV investments or production because of stricter European emissions rules coming next year. Their fleet’s carbon emissions were 24.2% higher last year than they need to be by 2025. That’s worse than Mercedes-Benz at 19.6% and BMW at 9.7%. Fierce Competition from China It’s not […] by Haye Kesteloo #ev #BMW #China #Europe #Germany #Make #MercedesBenz #Nio #Tesla #Volkswagen #Volvo

Why Are Consumers Shifting Towards #HybridElectricVehicles in the Asia-Pacific Region? The #AsiaPacific region is experiencing remarkable growth in the hybrid electric car market, presenting compelling opportunities for industry players. With consumers increasingly prioritizing fuel-efficient vehicles, market demand is on the rise. This trend underscores a shift towards sustainable #transportation solutions, driving innovation and investment in the hybrid electric vehicle sector. Key Market Players: Nissan Motor Corporation, Volkswagen Group, Kia India, BMW Group, Hyundai Motor Company (현대자동차), American Honda Motor Company, Inc. , Ford Motor Company, Toyota Motor Corporation Want To Know More: https://lnkd.in/d4P6NTRt #AMR #AsiaPacific #HybridElectricCars #SustainableTransportation #FuelEfficiency #Innovation #MarketGrowth #InvestmentOpportunities #GreenTechnology #CleanEnergy #FutureMobility

Toyota Bets Against Electric Cars Toyota is investing in better gas engines while Chinese electric cars speed ahead. Toyota’s new smaller engines can use different fuels, including hydrogen. The world's largest carmaker hopes this will attract buyers still hesitant about electric vehicles. Chinese carmakers like BYD are pushing hard into new markets with their electric cars. They’re also competing in traditional markets, like the US and Europe. Despite the electric push, Toyota thinks hybrids are still important and profitable. However, some experts worry Toyota might be missing the bigger shift to electric vehicles. While Toyota focuses on hybrids, Chinese companies are speeding up their electric car development.

The #EV transition is proving tougher than expected for European car giants like Volvo Group and Volkswagen. Delays, market uncertainties, and a lack of #charginginfrastructure are causing setbacks. However, the journey towards #electrification is non-linear but inevitable. Flexibility and pragmatic approaches are key for automakers as they navigate these challenges. ⚡🚗 #EVTransition #Sustainability #ElectricVehicles #AutoIndustry #FutureOfMobility #GreenTech #CleanEnergy 🔗 Read more 🌍 https://lnkd.in/eVxAegBM

𝗖𝗮𝘂𝗴𝗵𝘁 𝗮𝘀𝗹𝗲𝗲𝗽 𝗮𝘁 𝘁𝗵𝗲 𝘄𝗵𝗲𝗲𝗹 "Ford, General Motors and Stellantis made billions in profit last year, even after a lengthy strike by autoworkers, and all three companies are forecasting a big 2024. But recently, the Big Three found themselves outmaneuvered and missing their goals for electric vehicle sales at the same time that a crop of new affordable, electrified foreign cars appeared, ready to flood the global market. BYD’s cars deliver great value at prices that beat anything coming out of the West. Earlier this month, BYD unveiled a plug-in hybrid that gets decent all-electric range and will retail for just over $11,000." https://lnkd.in/dZjyw8B7