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AUTOMOTIVE INDUSTRY: NEW OEM XOS TRUCKS HAS RELEASED Q3 2024 RESULTS: DECLINE IN UNIT SALES & SALES REVENUE IN Q3, -$31.178M NET LOSS DURING THE FIRST 3 QUARTERS. Q3 2024 Vehicle Deliveries: 94 vehicles or -14.3% vs Q3 2023 Q3 2024 Sales Revenue: $15.70M or -5.4% vs Q3 2023 YTD 2024 Sales Revenue: $44.487M or +70.1% vs YTD 2023 Q3 2024 Net Loss -$10.512M, reduced from -$14.107M net loss in Q3 2023 YTD 2024 Net Loss: -$31.178M reduced from -$62.016M net loss in YTD 2023 Below is Xos Trucks's Q3 results summary. At the end of the quarter, they had $8.432M cash on hand left. #ev #evs #bev #bevs #electricvehicle #electricvehicles #electricmobility #emobility #greenmobility #sustainablemobility #urbanmobility #smartmobility #futuremobility #newmobility #mobility #automotive #automotiveengineering #automotivetechnology #automotiveindustry #commercialvehicle #commercialvehicles #van #vans #deliveryvan #stepvan #electricvan #lastmile #lastmilelogistics #lastmiledelivery #fleet #fleets #fleetsales #innovation #technology #emissions #emissionscontrol #emissionsreduction #zeroemissions #zev #decarbonization #Q32024 #Q32024results #outlook #2024outlook #newoem #xos #xostrucks

AUTOMOTIVE INDUSTRY: NEW OEM XOS TRUCKS HAS RELEASED Q3 2024 RESULTS: DECLINE IN UNIT SALES & SALES REVENUE IN Q3, -$31.178M NET LOSS DURING THE FIRST 3 QUARTERS. Q3 2024 Vehicle Deliveries: 94 vehicles or -14.3% vs Q3 2023 Q3 2024 Sales Revenue: $15.70M or -5.4% vs Q3 2023 YTD 2024 Sales Revenue: $44.487M or +70.1% vs YTD 2023 Q3 2024 Net Loss -$10.512M, reduced from -$14.107M net loss in Q3 2023 YTD 2024 Net Loss: -$31.178M reduced from -$62.016M net loss in YTD 2023 Below is Xos Trucks's Q3 results summary. At the end of the quarter, they had $8.432M cash on hand left. #ev #evs #bev #bevs #electricvehicle #electricvehicles #electricmobility #emobility #greenmobility #sustainablemobility #urbanmobility #smartmobility #futuremobility #newmobility #mobility #automotive #automotiveengineering #automotivetechnology #automotiveindustry #commercialvehicle #commercialvehicles #van #vans #deliveryvan #stepvan #electricvan #lastmile #lastmilelogistics #lastmiledelivery #fleet #fleets #fleetsales #innovation #technology #emissions #emissionscontrol #emissionsreduction #zeroemissions #zev #decarbonization #Q32024 #Q32024results #outlook #2024outlook #newoem #xos #xostrucks

GLOBAL #OEM #GENERALMOTORS HAS RELEASED Q2 & H1 2024 RESULTS: NET DECLINE IN #VEHICLE #DELIVERIES, SIGNIFICANT GROWHT IN REVENUE & #PROFITABILITY, $5.9B NET PROFIT IN H1. Q2 Unit Deliveries: 1.432M vehicles or -9.5% vs Q2 2023 H1 2024 Unit Deliveries: 2.779M vehicles or -6.2% vs H1 2023 Q2 2024 Sales Revenue: $48B or +7.4% vs Q2 2023 H1 2024 Sales Revenue $91B or 7.4% vs H1 2023 Q2 2024 Net Profit $2.9B or +11.5% vs Q2 2023 H1 2024 Net Profit $5.9B or +18% vs H1 2023 #vehiclesales #vehicleregistrations #autosales #carsales #carmarket #ev

𝐅𝐨𝐫𝐝 𝐔𝐧𝐯𝐞𝐢𝐥𝐬 𝐏𝐨𝐰𝐞𝐫 𝐏𝐫𝐨𝐦𝐢𝐬𝐞 𝐏𝐫𝐨𝐠𝐫𝐚𝐦 𝐭𝐨 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐒𝐚𝐥𝐞𝐬 𝐚𝐧𝐝 𝐄𝐚𝐬𝐞 𝐎𝐰𝐧𝐞𝐫 𝐖𝐨𝐫𝐫𝐢𝐞𝐬 Ford Motor Co said it was launching a new program called the Ford Power Promise to make its electric vehicles more attractive and help reduce customer concerns. Read More: https://bityl.co/SDDZ #ford #fordmotorcompany #FordNews #EVsales #evcars #news #NewsUpdate #BusinessNews #businessupdates #newsdaily #FordMotors #insightssuccess

🚛 EU Heavy-Duty Vehicle Market Spotlight: 24'Q2 Highlights 🚛 What makes this report fascinating is the rapid growth in zero-emission heavy trucks, which saw a 53% increase in sales during the first half of 2024. It also highlights how Germany continues to lead in the adoption of ZEVs across all HDV categories. This momentum demonstrates a strong industry shift towards sustainability, with more manufacturers embracing innovative solutions for cleaner transport. 🔍 Market Growth In the second quarter of 2024, the European Union saw a 12% growth in heavy-duty vehicle (HDV) sales compared to Q1. Notably, zero-emission vehicles (ZEVs) made up 4.1% of all HDV sales, up from 3.2% in the first quarter. 🇩🇪 Germany led the charge, accounting for 32.2% of total ZEV sales across all HDV categories. 🌍 Sustainability Trends ZEV sales across the first half of 2024 increased by 54% compared to the same period in 2023. Light and medium commercial vehicles saw their ZEV sales share rise to 9.3%, while buses and coaches reached 15%. 🚌 🏗️ Manufacturer Insights The top HDV brands accounted for 84% of all sales in Q2 2024. Mercedes-Benz led the pack, with 21% market share, followed by MAN, IVECO, and Scania. 📊 Performance by Country Germany, France, and Italy continued to dominate the HDV market, with Germany holding the top spot at 28.4% of all sales. The transition to zero-emission HDVs continues accelerating across Europe, driven by innovations and sustainability goals. The race to a cleaner, greener future is well underway! 🌱 For more details, please visit ICCT: https://lnkd.in/gXaXEVFx #Heaveydutytruck #HDV #ZeroEmission #Sustainability #Automotive #ZEV #cleanenergy #greenenergy #vehicle

AUTOMOTIVE INDUSTRY: GLOBAL OEM FORD HAS RELEASED Q3 2024 RESULTS: STABLE UNIT SALES, GROWTH IN SALES REVENUE, SIGNFICANTLY DECLINED NET PROFIT, FORD's EV BUSINESS IS STILL LOSS-MAKING. Q3 2024 Unit Sales: 1,095k vehicles or +0.8%% vs Q3 2023 YTD 2024 Unit Sales: 3,282k vehicles or +0.6% vs YTD 2023 Q3 2024 Sales Revenue: $46.2B or +5.5% vs Q3 2023 YTD 2024 Sales Revenue: $136.8B or +5.1% vs YTD 2023 Q3 2024 Net Profit: $892M or -25.6 vs Q3 2023 YTD 2024 Net Profit: $4.055B or -16.8% vs YTD 2023 Below is Ford Motor Company's Q3 results presentation with additional analysis and an updated 2024 outlook. We also learn that in Q3, Ford sold 32k EVs which generated a -$1.224B net loss. #ev #evs #bev #bevs #electricvehicle #electricvehicles #electricmobility #emobility #greenmobility #sustainablemobility #urbanmobility #smartmobility #futuremobility #newmobility #mobility #automotive #automotiveengineering #automotivetechnology #automotiveindustry #commercialvehicle #commercialvehicles #van #vans #stepvan #deliveryvan #electricvan #lastmile #lastmiledelivery #lastmilelogistics #fleet #fleets #market #innovation #technology #emissions #emissionscontrol #emissionsreduction #zeroemissions #zev #decarbonization #outlook #2024outlook #ford #fordmotorcorporation #fomoco #fordpro #lincoln #fordmodele #fordblue

AUTOMOTIVE INDUSTRY: GLOBAL OEM FORD HAS RELEASED Q3 2024 RESULTS: STABLE UNIT SALES, GROWTH IN SALES REVENUE, SIGNFICANTLY DECLINED NET PROFIT, FORD's EV BUSINESS IS STILL LOSS-MAKING. Q3 2024 Unit Sales: 1,095k vehicles or +0.8%% vs Q3 2023 YTD 2024 Unit Sales: 3,282k vehicles or +0.6% vs YTD 2023 Q3 2024 Sales Revenue: $46.2B or +5.5% vs Q3 2023 YTD 2024 Sales Revenue: $136.8B or +5.1% vs YTD 2023 Q3 2024 Net Profit: $892M or -25.6 vs Q3 2023 YTD 2024 Net Profit: $4.055B or -16.8% vs YTD 2023 Below is Ford Motor Company's Q3 results presentation with additional analysis and an updated 2024 outlook. We also learn that in Q3, Ford sold 32k EVs which generated a -$1.224B net loss. #ev #evs #bev #bevs #electricvehicle #electricvehicles #electricmobility #emobility #greenmobility #sustainablemobility #urbanmobility #smartmobility #futuremobility #newmobility #mobility #automotive #automotiveengineering #automotivetechnology #automotiveindustry #commercialvehicle #commercialvehicles #van #vans #stepvan #deliveryvan #electricvan #lastmile #lastmiledelivery #lastmilelogistics #fleet #fleets #market #innovation #technology #emissions #emissionscontrol #emissionsreduction #zeroemissions #zev #decarbonization #outlook #2024outlook #ford #fordmotorcorporation #fomoco #fordpro #lincoln #fordmodele #fordblue

AUTOMOTIVE INDUSTRY: GENERAL MOTORS HAS RELEASED Q3 2024 RESULTS: DECLINE IN UNIT SALES IN Q3, GROWTH IN SALES REVENUE, INCREASED $9B NET PROFIT DURING THE FIRST 9 MONTHS OF 2024. Q3 2024 Deliveries: 1.475M vehicles or -8.8% vs Q3 2023 Q3 2024 Sales Revenue: $48.8B or +10.7% vs Q3 2023 YTD 2024 Sales Revenue: $139.7B or +8.4% vs YTD 2023 Q3 2024 Net Profit: $3.1B unchanged from Q3 2023 YTD 2024 Net Profit: $9B or +12.5% vs YTD 2023 Below is General Motors's Q3 results presentation with additional insights, an updated 2024 outlook and an update on their EV product roadmap. #ev #evs #bev #bevs #electricvehicle #electricvehicles #electricmobility #emobility #greenmobility #sustainablemobility #urbanmobility #smartmobility #futuremobility #newmobility #mobility #automotive #automotiveengineering #automotivetechnology #automotiveindustry #commercialvehicle #commercialvehicles #van #vans #stepvan #deliveryvan #electricvan #lastmile #lastmiledelivery #lastmilelogistics #fleet #fleets #market #innovation #technology #emissions #emissionscontrol #emissionsreduction #zeroemissions #zev #decarbonization #outlook #2024outlook #gm #generalmotors #chevrolet #chevy #buick #gmc #cadillac #brightdrop

March 2024 was a historic month for Volvo Group; the company recorded record sales and produced its last diesel engine car. Here is everything you need to know. 🔋 Supercharged Sales: Sales for March rose by 25% from a year earlier to 78,970 vehicles, a monthly record. First-quarter sales overall rose by 12%. The company said sales of fully electric cars were up 43% and accounted for 23% of all sales globally last month. It expects EVs to account for half of its sales volumes by the middle of the decade and to sell only EVs by 2030. 🛢ICE out of Style:Volvo stopped building diesel engines and the last off the line was an XC90 SUV built at the Torslanda plant in Sweden in late March 2024. The car will live in a museum. Takeaways: Despite tough conditions for pure EV manufacturers globally, Volvo is experiencing a surge in its electrified vehicle segment. Volvos unique mix of battery electric vehicles as well as hybrids insulates the company from some of the turmoil facing its pure EV competitors. Source: CNBC - https://lnkd.in/gUeKwEeH #EV #volvo #batteries

General Motors hosted its Investor Day earlier this week where they outlined its continued commitment to electric vehicles. GM’s EV sales increased by 60% year-on-year in 3Q24 and GM sees EV losses peaking in 2024. GM is planning to release its new Chevy Bolt in 2025, which GM expects to appeal to a mass market audience. In addition, GM is diversifying and optimizing its battery strategy, which GM expects to yield further cost improvements in its battery ecosystem and deliver greater savings to its customers. Specifically, GM outlined a path to greater than $30/kWh cost reduction in 2025. #EV #lithium #LIRC #energytransition