AD #3881 - U.S. August SAAR Falls To 15.2M; Hyundai Doubles Down On EREVs; BYD Profits +33% Despite Price War
About this episode
U.S. new car sales in August showed modest growth but fell short of early-year expectations due to high interest rates and prices. BYD leads China’s auto market with strong profits despite a price war, while Li Auto struggles. Hyundai plans to expand its lineup of extended-range electric vehicles (EREVs), highlighting cost advantages over PHEVs. GM and Samsung SDI are investing heavily in U.S. battery production. Chinese automakers are expanding overseas to bypass tariffs, with new plants planned in Algeria and Europe. Mercedes-AMG teases a limited-run, windshield-free sports car inspired by Formula One technology. Lexus aims to boost body rigidity to compete with German luxury brands.
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