Ferrari is set to make a significant stride into electric vehicle territory come 2025, albeit with a limited production run for its first fully electric model. Ferrari CEO Benedetto Vigna’s recent announcement solidifies Ferrari’s commitment...

Audi and its Chinese partner SAIC plan to co-develop a new platform for intelligent and electric vehicles in China. This follows VW’s partnership deal in China, highlighting the intense competition faced by European car manufacturers...

According to industry analysts, Tesla’s share of the EV segment decreased to 52.4 percent in March from 61.5 percent in the same month last year. In 2020, Tesla accounted for 80 percent of electric vehicles...

Automotive industry analysts have forecasted a potential halving of global petrol demand growth in 2024, a development that could exert pressure on refinery margins in the latter half of the year. This projection stems from...

Volvo Cars achieved a 27 percent surge in sales during April, culminating in a global delivery of 65,838 vehicles, according to the company’s latest disclosure. This upswing owes much to the burgeoning appetite for pure...

As Lucid Motors prepares to release its first-quarter earnings report on Monday, the company finds itself confronting apprehensions regarding its cash utilization and the evolving landscape of the electric vehicle market. In the spotlight of...