In this article, I want to discuss Tesla’s potential to grow in the Asian market. Everybody knows China is a huge opportunity since it is both the largest auto market in the world and it seems to get pretty good support from the government, which seems to be trying to address the air pollution issue in the country, but I wanted to look at the size of all the rest of Asia.
South Korea is an interesting case in “Electric Vehicle World.” LG Chem, probably the most notable EV battery company not connected to Tesla, is based there. It seems like LG Chem has battery contracts with every single automaker (it might be more like 60%). SK Innovation and Samsung SDI, medium-sized battery producers, also call Korea home. And then there are Hyundai and Kia, or Hyundai–Kia if you combine them due to their intertwined investment structure. These large automakers have produced highly acclaimed electric vehicles, but they struggle to produce a large number of them — or just don’t care to do so.
Tesla had made several pricing changes to the Model 3 since the Model Y was unveiled, and the company hadn’t updated the pricing and configurations in the Model Y Design Studio to reflect that until yesterday.
The German plug-in electric vehicle (PEV) market continues on the right track in July, with 9,233 registrations. Fully electric vehicles (BEVs) were up 136% year over year (YoY), while plug-in electric vehicles (PHEVs) keep stuttering (+6% in July, bringing year-to-date numbers out of the red).
I generally eschew conspiracy theories under the rubric that little explained by conspiracy cannot as well be explained by incompetence and that the occurrence of stupid is vastly more common than the occurrence of evil in the hearts and minds of men.
Led by the Tesla Model 3, the Dutch plug-in electric vehicle (PEV) market grew 73% in July, with 2,372 plug-in registrations, which translated into a PEV share of 7%. For January through July, PEV share was at 8.6%, well above the 6% of 2018.
Plug-in vehicle (PEV) sales are as hot as a summer afternoon in Lisbon, with 1,263 plug-ins being registered in June. That’s a 5% PEV share of the overall auto market and up 75% year over year (YoY). It’s just 20 units behind the all-time record (1,283 units), which was registered last March.
Recently, ZF announced a two-speed EV transaxle/drive unit, and around the same time, more details about the Porsche Taycan came out. For the Taycan, there was more confirmation that the vehicle will have a two-speed gearbox (at least in the rear). In response, I’ve seen a good number of EV … [continued]
I recently got this note from a newsletter I’m subscribed to: “Major media outlets have laid off more than 2,400 writers, editors, and support staff so far this year.” Indeed, it’s hard to grow, make money, publish great content, and keep people employed in the media business.
The German plug-in vehicle (PEV) market continued on the right track in June, having registered 8,631 units. Fully electric vehicles (BEVs) were up strong, +117% year over year (YoY), compensating for the plug-in hybrid (PHEV) drop of –9%, and all-electrics now represent two-thirds of plug-in registrations. The PEV share of the overall auto market was 2.7% in May, with BEVs alone hitting 1.8%. That pushed the 2019 plug-in share slightly up, to 2.6% (1.7% BEV).
