Financial Reports Archives - The Buzz - Electric Vehicle News
Lucid Group reports positive financial outlook in Q3

Lucid’s Q3 report includes info on a new SUV, COO appointment, closing an Aston Martin deal and adjusting 2023 production from 8,000 to 8,500.

Lucid sells 900 fewer vehicles than it produced in Q1’23

Lucid assures it has enough to fund the company through at least Q2’24.

BorgWarner announces its EV sales are scaling fast

BorgWarner is building upon its 400V inverter business by now supplying 800V silicon carbide-based inverters.

Hyundai electrified vehicle sales grow 72% YOY

Hyundai says its electrified vehicle sales in Q4 grew 40% compared with Q4 2021.

Toyota’s electrified vehicles nearly 24% of 2022 sales volume

Toyota offers its customers 20 different electrified vehicle options.

Volvo Cars’ electrified models account for 38.4% of April sales

Volvo Cars reported sales of 47,150 cars in April, down 24.8% compared with the same month last year. In April, Volvo Cars’ electrified Recharge models grew 18.7% compared with the same month in 2021, accounting for 38.4% of total sales, the company says. The share of fully electric cars stood at 10%. For the January-April period,

All-electric EVs make up 9% of total Volvo Cars sales in March

In March, sales of Volvo Cars’ Recharge models made up 35.5% of all Volvo cars sold globally during the month. Sales of fully electric cars made up 9% of total sales. In the first quarter, Recharge sales made up 33.6% of total sales, while fully electric cars made up 7.9%. U.S. sales reached 9,428 cars

Kia America notches new monthly EV sales record by over 55%

Kia America says it sold 3,156 all-electric EV6 models in March, giving Kia’s electrified models their best-ever monthly and quarterly performances. Total March vehicle sales were 59,524 units. Overall, Kia reports its electrified model lineup experienced a record month by 55% over the previous record. Sales of the Niro model lineup of electrified crossovers also

Toyota EVs represent nearly 26% of its total 2022 Q1 sales

Toyota Motor North America (TMNA) reported that first-quarter sales of electrified vehicles totaled 132,938, representing 25.8% of the company’s total sales volume (that’s up from 22.9% during the same period last year). March sales of electrified vehicles represented 25.4% of total sales volume. The company says RAV4 Hybrid sales were up 34.9% in March on

Lordstown Motors plans to build 500 pickups in 2022

As part of the company’s fiscal year 2021 financial results, Lordstown Motors Corp. said it expects it will build 500 all-electric Endurance pickup trucks in 2022. That number could move to as many as an additional 2,500 trucks to be built in 2023, the company said. “The fourth quarter marked a significant strategic shift for

Tesla hits new quarterly earnings record

Tesla also said it plans to triple the size of its Supercharger charging network globally within two years.

GM ramps up EV plans, hopes to double annual revenues by 2030

GM says more than 50% of its North American and Chinese manufacturing footprint will be capable of EV production by 2030.

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