In business, having a target to aim for is always considered best practice. However, Lotus may be overly optimistic in targeting 150,000 annual sales by 2028. Prior to 2024, Lotus’s best year was 2005 when...

In a recent media interview, Volkswagen CEO Oliver Blume acknowledged the company’s challenges in maintaining its position at the forefront of electric vehicle sales in China, citing intensifying competition from Chinese EV makers who are...

In the first quarter, of 2024, Tesla experienced an 8.5 percent drop in global deliveries, totalling 386,810 vehicles. The decline can be attributed to heightened competition and a decrease in demand for electric vehicles in...

Mum’s the word for the McLaren Group as Mumtalakat, Bahrain’s Sovereign Wealth Fund, has acquired a 100 percent shareholding. The McLaren Group includes the McLaren Formula 1 team and McLaren Automotive. Mumtalakat, which means ‘assets’...

Honda and Nissan are seeking to collaborate on electric vehicles to explore common parts and engage in joint procurement. This initiative comes as the Japanese carmakers endeavour to reduce costs and elbow their way to...

Toyota is gearing up for a significant expansion of next-generation electric vehicles as it prepares to scale up the production of next-generation electric vehicles in Japan for global distribution. The company is acquiring full ownership...