AutomobilityBusiness

Electric Vehicle Market Shows Record Growth Amid Industry Concerns Over Profitability

Electric vehicle sales reached unprecedented levels globally with US purchases jumping 40% in the latest quarter. Despite record adoption, industry leaders voice concerns about profitability and regulatory adjustments in key markets.

Record-Breaking Electric Vehicle Sales Defy Market Concerns

Electric vehicle sales in the United States reportedly surged to unprecedented levels between July and September, with Americans purchasing more than 430,000 EVs according to recent industry analysis. This represents a substantial 40% increase from the previous quarter, which sources indicate was driven by consumers racing to qualify for federal tax credits before potential expiration.

BusinessTechnology

Apple’s iPhone Air Sees Record Pre-Order Demand in Chinese Market Following eSIM Approval

Apple’s latest iPhone Air model has reportedly sold out across Chinese online platforms within hours of pre-orders opening. The surge in demand follows recent government approval of eSIM technology for smartphones in China, removing previous regulatory barriers for the device’s launch.

Record-Breaking Pre-Order Response

Apple’s iPhone Air has reportedly sold out across online stores in China within hours of pre-orders opening on Friday, according to reports from the South China Morning Post. Sources indicate that demand surged immediately after pre-orders became available, with multiple color and storage configurations listed as unavailable within the first two hours across both Apple’s official online store and their Tmall flagship store.