01/11/24 - Hyundai NPX1 Teased As Ioniq 5 N On Steroids, Tesla Model 3 Refresh Now Available in US—What Changed? 🚗 | China Set to Surpass Japan as World's Top Auto Exporter in 2023 🏭

GM. Rev up your day with the latest automotive news and insights delivered to your inbox in our exclusive newsletter! What we cover in today’s edition:

• 🚗 Car reveal/review: 

  • Hyundai NPX1 Teased As Ioniq 5 N On Steroids

  • BYD's luxury brand unveils first U7 sedan with +1,000 hp

  • Tesla Model 3 Refresh Now Available in US—What Changed?

  • 2024 Dodge Durango Also Getting Limited Production 'Last Call' Editions

• 🏭 Industry trend: China Set to Surpass Japan as World's Top Auto Exporter in 2023, Experts Say Both New And Used Cars Will Become More Affordable This Year

• 😄 Fun read: Here’s How Much Faster, Heavier, And More Powerful Cars Have Gotten Over The Last 50 Years

Hyundai NPX1 Teased As Ioniq 5 N On Steroids (3 mins read)

Hyundai teases NPX1, based on Ioniq 5 N, set for 2024 Tokyo Auto Salon. Features include an oversized diffuser, large rear spoiler, and front splitter, suggesting potential N Performance parts line. Possible concepts include a hydrogen-powered vehicle or a prototype for the Ioniq 5 N racer, weighing 551 lbs less, set for a one-make race series starting May 2024. Debuting at the 2024 Tokyo Auto Salon on January 11. Read more.

BYD's luxury brand unveils first sedan, the sleek U7, with +1,000 hp (3 mins read)

BYD's luxury brand Yangwang unveils U7, its flagship sedan, with over 1,000 hp, aiming to surpass the performance limit. Priced at approximately $140,000 (1 million RMB), the sedan is based on the e4 Platform. BYD, recently the global EV sales leader, sold nearly 1.6 million EVs in 2023, up 73%. The U7 launch follows other competitive EV models like Song L SUV and Sea Lion 07. Expanding aggressively into new markets, BYD demonstrates commitment to electric mobility. Read more.

Tesla Model 3 Refresh Now Available for Sale in the US—What Changed? (5 mins read)

Tesla releases upgraded Model 3 in the US and North America with a sleek design, new colors, and improved range (up to 341 miles). Unveiled in Europe and China in 2023, it's now available in the US, but the $7,500 EV tax credit does not apply to this version. Read more.

2024 Dodge Durango Also Getting Limited Production 'Last Call' Editions (5 mins read)

Dodge announces "last call" V8 editions of the Durango SRT 392, named "SRT 392 AlcHEMI," limited to 1,000 units. Priced at around $90,000, it retains the 475-horsepower, 6.4-liter Hemi V8 with black and yellow badging, Satin Black forged SRT wheels, and unique interior features. The special edition commemorates the V8 Hemi engine before Stellantis suspends V8 production in 2024. Read more.

China is ‘certain’ to have overtaken Japan as the world’s top auto exporter in 2023, industry group says (5 mins read)

China likely surpassed Japan as the world's top car exporter in 2023, shipping 5.26 million vehicles worth $102 billion, up 56% from 2022. The surge is attributed to strong demand for electric vehicles (EVs) and improved car quality. EV exports rose 62%, with BYD leading in December. China's rapid rise is driven by its robust EV industry and global demand, making it the leading car exporter by 2022. Read more.

Experts Say Both New And Used Cars Will Become More Affordable This Year (4 mins read)

Cox Automotive predicts a return to normal in the new-vehicle market, expecting higher inventory levels to result in more dealer discounts and incentives. Average new-vehicle transaction prices drop to $46,055 from $47,362, with Tesla experiencing the largest decline (-20.5%). Slow growth of less than 2% in new-vehicle sales is forecasted, and the used-vehicle market is expected to stabilize. Automakers' sales incentives are on the rise, estimated at $2,458 in January. 2024 is considered a favorable time for car shopping. Read more.

Here’s How Much Faster, Heavier, And More Powerful Cars Have Gotten Over The Last 50 Years (9 mins read)

This article discusses the significant shifts in the automotive industry, examining the changes in car specifications, performance, and emissions over the years. Drawing insights from the EPA's 2023 Automotive Trends report, it explores how vehicles have evolved in terms of speed, weight, horsepower, and environmental impact, providing a comprehensive overview of the sector's transformation. Read more.