Business news from Ukraine

Tesla to recall more than 2 million of its cars

American Tesla recalls up to 2.2 million electric cars, including the Cybertruck pickup trucks released this year, due to incorrect font size of warning messages on the dashboard, according to a report on the website of the National Highway Transportation Safety Administration (NHTSA).

The font of the messages is too small, which can make it difficult to read critical information and thus increase the likelihood of an accident, the document said.

The recall is being conducted through a free remote software update and affects some of the 2012-2023 Model S, Model X (2016-2024), Model 3 (2017-2023), Model Y (2019-2024) and Cybertruck (2024) vehicles.

Tesla delivered 1.8 million electric vehicles worldwide in 2023.

Shares of the automaker are down 0.8% in pre-market trading on Friday.


Ukrainian market of electric cars has tripled – Ukravtoprom

Initial registrations of electric cars in Ukraine in January-June tripled compared to the same period of 2022 – up to 12.6 thousand units, including 2.8 thousand were new cars, 9.8 thousand – used , reported “Ukravtoprom” in Telegram channel.
At the same time, the share of new cars increased to 22% from 18% in January-June-2022.
As reported, in January-June 2022, 4.145 thousand electric cars were registered – 14% more than in the first half of 2021.
According to the association, the top 5 new electric cars of the first half of this year were formed by Volkswagen ID.4 (899 units), DongFeng/Honda M-NV (497), Volkswagen ID.6 (168), Honda e (146) and BMW iX – 87.
In the used segment, the Nissan Leaf (1,921 units) leads steadily and by a wide margin. Next are Volkswagen e-Golf (940), Tesla Model 3 (908), Volkswagen ID.4 (724) and Tesla Model Y – 637.
Earlier “Ukravtoprom” also reported in the Telegram channel that in the market of new passenger cars in Ukraine in January-June the share of electric cars increased by 4 p.p. – to 10%, the share of hybrids increased to 18% (by 5 p.p.), while the share of cars with gasoline engines decreased from 57% to 49%, diesel cars – to 22% (by 1 p.p.),
“The growing demand for hybrids and battery-powered cars is rapidly changing the structure of the market,” Ukravtoprom noted.
As reported, Ukrainians in 2022 bought 13.6 thousand electric cars – 1.5 times more than a year earlier, while the share of new ones increased to 17% from 14%.


Ukrainian market of electric cars grew by 15% in May

Primary registrations of electric cars in Ukraine in May increased by almost 15% compared to April this year – up to 2,451, while demand for new ones increased by 23% – to 559, and for used ones – by 13% – to 1,892, Ukravtoprom reports in Telegram channel.
Thus, the share of new cars in the total registrations of electric cars last month rose to 23% compared to 21% in April.
Earlier it was reported that in April 2023 there was a decline in demand for new electric cars by 14% compared to March, while demand for used cars increased by 21%.
The top five new electric cars in May formed Volkswagen ID.4 (168 vs. 129 in April), DongFeng/Honda M-NV (107 vs. 53), Volkswagen ID.6 (23 vs. 36), Honda e (23 as in April) and BMW iX – 18.
In the used segment, the Nissan Leaf consistently leads (388 vs. 366 in April). Next are Volkswagen e-Golf (259 vs. 145), Tesla Model 3 (144 vs. 156), Renault Zoe (123 vs. 113 units) and Tesla Model Y – 119.
According to the Association, a total of about 9.5 thousand vehicles were first registered in Ukraine in January-May 2023, of which 24% are new and 76% used.
As reported, Ukrainians in 2022 bought 13.6 thousand electric cars – 1.5 times more than a year earlier, with the share of new cars rose to 17% from 14%.

Sales of new electric cars in Ukraine tripled in February

Sales of new electric cars in February this year have tripled compared to the same month in 2022 – up to 413 units, which is also 40% more than in January this year, reports Ukravtoprom in Telegram channel.
According to the association on Monday, the best-seller in the new electric car market remains the Volkswagen ID.4 – 134 units.
Dong Feng (Honda) M-NV is second with 86 units, and Volkswagen ID.6 is third with 33 cars registered.
The fourth most popular model is compact Honda E (27 units), and the third one is Mercedes-Benz EQC (16 units).
According to Ukravtoprom, a total of 708 new electric cars were sold in Ukraine in January-February 2023, which is 2.6 times more than during the same period in 2022.
As earlier reported, according to Ukravtoprom, in 2022, the share of new electric cars in their total sales in Ukraine (13.6 thousand units) rose to 17% from 14% a year earlier (i.e. to more than 2.3 thousand units – IF).



Primary registrations of electric vehicles in Ukraine (new and used) in April 2021 grew by 6% compared to March of this year, to 699 units, while in April last year, due to the nationwide strict quarantine, only 38 electric cars were registered, according to the Ukrautoprom association. According to a posting on its website on Tuesday, the share of new electric cars of total registrations accounted for 9% (64 units).
The bulk of the electric vehicles registered in April were passenger cars – 666 units, including 62 new and 604 used.
The most popular electric car was Nissan Leaf with 198 registrations, the second result was for TESLA Model 3 (77 registrations), the third for the Chevrolet Bolt (67 cars).
The fourth most popular electric car was TESLA Model S with 38 registrations, and the top five of the April market for electric cars is closed by Audi E-Tron with 37 registered cars.
According to the association, out of 33 commercial electric vehicles registered in April, 29 units were Renault Kangoo Z.E.
Taking into account the April data, in January-April of this year, 2,400 electric vehicles were registered for the first time in Ukraine, which is 37% more than in the same period in 2020. The share of used vehicles was 90%.
At the same time, registrations of used vehicles grew by 36%, to 2,161 units, new ones – by 46%, to 232 units.

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Nissan Motor Ukraine will start official sales of the updated Nissan Leaf in Ukraine this summer, according to a press release from the company.
“Nissan Motor Ukraine announces the official start of sales this summer of one of the most popular electric cars in the world. Nissan Leaf has become a pioneer in the segment of mass electric vehicles, and today it is one of the world’s bestsellers, with more than 500,000 cars sold,” the report says.
As reported, only used Nissan Leafs are currently imported to Ukraine, which for a long time held the undisputed leadership in the initial registrations of electric vehicles in Ukraine.
According to the Ukrautoprom association, in 2020 the registrations of Nissan Leaf amounted to 2,180, while Tesla Model 3 ranks second with 865 cars.
However, already in January 2021, the leadership in the Ukrainian market was seized by Chevrolet Bolt with 133 cars versus 107 Nissan Leaf cars, and by the end of the first quarter, the brands were practically equal in registrations.
The press release has not yet clarified the details, including prices and the date of the start of sales of the updated Nissan Leaf.
“This event, which many have been waiting for, became possible thanks to the mid-term plan of Nissan Next and its practical implementation in Ukraine. The official start of sales of Nissan Leaf in Ukraine is the first step in implementing the strategy of promoting Nissan electric vehicles in our country. Closer to the start of sales, we will announce the package, prices and exact dates of the start of sales,” Volodymyr Ivanov, the PR coordinator of Nissan Motor Ukraine, said on his Facebook page.
Nissan Motor Ukraine LLC, a subsidiary of Japan’s Nissan Motor Co, began operations in April 2005, and acts as an importer and distributor of Nissan and Infiniti in Ukraine.