Day: November 8, 2023

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  • November 8, 2023

Car insurance prices soar 29% in a year to hit a new record high, ABI says

Car insurance premiums have risen 29 per cent in a year to a record average high of £561, heaping more pressure on struggling households. Insurers say the rising cost of replacement parts and

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China car sales seen 20% up in November as makers eye sales goals

FILE PHOTO: Cars drive on the road during the morning rush hour in Beijing, China, July 2, 2019. REUTERS/Jason Lee/File Photo Acquire Licensing Rights BEIJING/SHANGHAI, Nov 8 (Reuters) – China’s car sales are

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China Car Sales Rise on Promotions and Boom in Electric Vehicles

China’s October auto sales climbed the most in five months as carmakers ramped up promotions to lift deliveries before the year-end. Sales rose 10.2% from a year earlier to 2.03 million vehicles, data

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Tesla Model 2 to be a $40K electric vehicle made with die cast parts

Snapshot Tesla to build new affordable small SUV using die-casting Sources say it’ll be sub €25,000 in Europe Will be built at Berlin Gigafactory for European markets This week, Tesla CEO Elon Musk

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Vietnam’s Richest Person Bets Over $10 Billion To Break Into The Global EV Market

VinFast faces major challenges as it enters the U.S. market. Vietnam’s richest person, billionaire Pham Nhat Vuong, didn’t become worth over $4 billion without taking some risks. His current venture is to create

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Success of All Energy Australia 2023 Highlighted by Unprecedented Turnout

The nation’s largest clean energy event, All Energy Australia 2023, has come to a close, leaving a lasting impact on Australia’s clean energy sector. All Energy was held at the Melbourne Convention and

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Grids set for big Bathurst International 

By Thomas Miles Date posted: November 8, 2023 Over 150 cars are descending on Mount Panorama this weekend for the SpeedSeries finale, the Supercheap Auto Bathurst International. Five categories will be on show

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Lucid revises 2023 production amid softening demand for luxury EVs

Image Credits: Lucid Lucid has revised its 2023 production outlook amid softening demand for luxury electric vehicles, the company said Tuesday in its third-quarter earnings report. The EV maker said it will produce

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Korean battery deal for Polestar 5

POLESTAR and South Korean battery manufacturer SK On have signed an agreement on the supply of battery cell modules for the forthcoming Polestar 5.   According to Polestar, SK On was selected for

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Michigan Car Insurance Rates Fell 17.8% Since 2021 But May Increase

Drivers in all but seven states in the U.S. have seen their average car insurance rates increase since 2021. One state that didn’t, however, is Michigan, where rates have decreased nearly 18%. As

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