cars – Page 2 – Convenient Life

Oct212022 by LageorgiaNo Comments

Foxconn considers making electric cars in Wisconsin

Business, cars

Foxconn, the world's largest electronics contract manufacturer, is considering producing electric vehicles in Wisconsin, USA as early as 2023. The company is seeking to reduce its dependence on Apple. On Tuesday, Foxconn Chairman Young Liu told reporters in Taipei that the company will decide whether to establish its electric vehicle production base in Wisconsin or Mexico by July. With declining profits from smartphones, Foxconn is venturing into the electric vehicle market. The move to produce electric vehicles aligns with Foxconn's strategy to diversify its business beyond electronics manufacturing. By entering the electric vehicle market, the company aims to tap into the growing demand for sustainable transportation and leverage its manufacturing expertise. Wisconsin, where Fox...

Sep42022 by LageorgiaNo Comments

How BYD “overtakes” Tesla

AI, Business, cars

BYD's rise to "overtake" Tesla can be attributed to several key factors that have propelled the Chinese automaker to become one of the most formidable brands in the electric vehicle market. After three years of being the world's most popular electric vehicle manufacturer, Tesla was forced to relinquish that title to BYD, a relatively lesser-known but fearsome player in the automotive industry. One of the primary reasons for BYD's success is its strong presence in the Chinese market. As the largest automotive market globally, China provides a vast customer base and immense growth opportunities. BYD capitalized on this by strategically positioning itself as a leader in the domestic electric vehicle sector. The Chinese government's support for electric vehicle adoption, in the form of subs...

Jun32022 by LageorgiaNo Comments

International automakers quietly reduce reliance on Chinese components

Business, cars

International automakers are quietly reducing their reliance on Chinese-made components. While international automakers are indeed decreasing their procurement of Chinese-made parts, the vast scale of the Chinese market makes it unlikely for them to completely abandon it. The Chinese market is the world's largest automotive market, and its significance cannot be underestimated. However, recent global supply chain disruptions and geopolitical tensions have prompted international automakers to reassess their supply chains and diversify their sourcing strategies. This includes reducing their dependence on any single country or region for critical components. To mitigate risks and ensure a stable supply of parts, automakers are exploring alternative sourcing options and expanding their s...

Feb212022 by LageorgiaNo Comments

Rolls-Royce unveils first all-electric car

AI, Business, cars

Rolls-Royce is set to introduce its first-ever all-electric vehicle, with sales expected to commence from next year. The renowned luxury car manufacturer has committed to phasing out internal combustion engines by 2030 in response to evolving customer demands and regulatory requirements. With a rich history spanning 116 years and headquartered in West Sussex, England, Rolls-Royce aims to align with the changing landscape of the automotive industry. The company has announced that the initial batch of Spectre electric cars, priced between £250,000 and £500,000, will be delivered to customers by the end of next year. Rolls-Royce's entry into the electric vehicle market marks a significant milestone for the brand, as it embraces sustainable mobility solutions while maintaining its reputa...

Dec152021 by LageorgiaNo Comments

Tesla wages price war in China but loses market share

Business, cars

Tesla sparked a price war in China but lost market share. The American electric vehicle (EV) manufacturer made headlines in China with its aggressive pricing strategy aimed at capturing a larger market share. However, despite initial success, Tesla faced challenges and ended up losing some of its market share in the country. When Tesla initially entered the Chinese market, it enjoyed a strong position as one of the leading EV brands. The company's high-quality vehicles, advanced technology, and brand reputation resonated with Chinese consumers, who were increasingly embracing electric mobility. To further penetrate the market and compete with domestic EV manufacturers, Tesla implemented a series of price cuts on its models. These price reductions were intended to make Tesla vehicles ...

Dec102021 by LageorgiaNo Comments

Tesla will disrupt the car battery industry

Business, cars

Tesla is poised to disrupt the automotive battery industry with its innovative approach and technological advancements. As a leading electric vehicle (EV) manufacturer, Tesla has been investing heavily in research and development to enhance battery technology and drive the mass adoption of EVs. One of Tesla's significant contributions to the industry is its focus on developing and manufacturing its own batteries. The company's Gigafactories, strategically located around the world, are dedicated to producing high-capacity lithium-ion batteries. By vertically integrating battery production into its operations, Tesla has achieved greater control over the entire supply chain, ensuring reliable and cost-effective battery supply for its vehicles. Tesla's battery technology stands out for i...

Jun202021 by LageorgiaNo Comments

Volkswagen’s Racially Insensitive Advertisement: Addressing Bias in Advertising

cars, Entertainment

Introduction: Volkswagen, the world's largest car manufacturer, recently found itself embroiled in controversy when an advertisement for its Golf 8 model on Instagram sparked accusations of racial insensitivity. The video featured a white hand pushing around a smaller, darker-skinned person, drawing widespread criticism and concerns about perpetuating racial stereotypes. The incident has prompted Volkswagen and its advertising agency, Voltage, to undertake internal investigations and issue an apology. This article delves into the significance of addressing bias in advertising and the steps companies can take to ensure inclusivity and cultural sensitivity. The Impact of Racially Insensitive Advertising: Advertising plays a powerful role in shaping societal perceptions and attitudes. Raci...

Apr172019 by LageorgiaNo Comments

Analysis of the U.S. Automobile Market in October

cars, LifeStyle

The US auto market grew 3.7% month-on-month in October 2020, but still dropped 7.1% year-on-year. Although sales increased slightly, the industry continues to face pressure from the COVID-19 pandemic and economic downturn. In terms of models, SUV and pickup sales grew significantly, but car sales continued to decline sharply. SUV sales rose 11.9% last month to 468,000 units, hitting a record high for the same period. Large SUVs showed strong momentum, and small and midsize SUVs also performed well. The Ford Explorer ranked first with sales of 52,000 units, maintaining growth. Pickup sales rose 2.8% to 221,000 units, thanks to the growth of the Ford F-Series and GMC Sierra. In contrast, car sales fell 10.5% to 699,000 units. Hyundai and Kia car sales fell by more than 20%. GM and Toyo...