AD #3562 - EV Sales Jumping In Germany; VW’s Q1 Profits Plummet; China EV Market Getting Saturated
About this episode
Volkswagen's Q1 profits plunged despite strong sales and revenue growth, mainly due to losses in its software division and drops in Audi and financial services profits. Lamborghini, however, hit record sales and profits. EV sales surged 34% in Germany, led by Volkswagen, Tesla, and Mercedes. GM plans a new battery plant in Indiana with Samsung SDI. China's EV market is saturated with many brands, sparking a price war and pushing some to export. New affordable Chinese EVs like Baojan's YEP are launching. Daimler updates its electric bus with better batteries, while BYD expands in Southeast Asia. Vietnam's rare earth mining is rapidly growing, challenging China's dominance.
Chevrolet Cobalt
"...mal management system. The NMC or nickel meganese cobalt cells have a new anode cathode and electrolyte. D..."
Request an Explanation
Heard something you'd like explained? We'll add it to this episode.
Sign in to request explanations for terms you heard.
Want to learn more?
Browse our glossary for plain-English explanations of automotive terms, jargon, and concepts.
Help improve this episode
See something that's not quite right? Our annotations are AI-generated and can sometimes miss the mark. Click the flag icon on any annotation to suggest a correction.