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2024 trends in the auto industry promise a focused approach | Autocar Professional

Baua Electric

So, while the Covid-19 lockdowns severely affected the entire automotive industry’s value chain, it also began to embrace a fresh perspective amidst the global crisis. Domestic automobile sales saw a significant year-on-year growth of 20 percent, marking the first full year unaffected by the pandemic.

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China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

Green Car Congress

China has made progress with automotive energy-saving technologies over the past 10 years through implementing passenger car fuel consumption limits and the use of fiscal policy to encourage the purchase of small cars, the government statement noted. 2012 Chinese Auto Industry Development Report. L/100km (40 mpg US) or less.

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The Auto Industry Must Aim 100% Electrification In 2 & 3-wheeler Segments Says Amitabh Kant

Get Electric Vehicle

According to the Society of Indian Automobile Manufacturers, domestic two-wheeler sales in 2021-22 were 1,34,66,412 units, three-wheeler sales were 2,60,995 units, and overall vehicle sales across categories were 1,75,13,596 units (SIAM). As a result, the overall cost of ownership of an EV is already lower.

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Chery's NEV unit cuts vehicle prices by up to 10%

CN EV Post

This is due to the global price correction of new energy materials and the company's cost control and supply chain management capabilities, Chery New Energy said in an announcement. After Tesla cut prices earlier in the year, several NEV makers followed suit. For Chery, its performance at the beginning of the year was weak.

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How and When the Chip Shortage Will End, in 4 Charts

Cars That Think

One looming artifact of the pandemic that remains in 2023—the global chip shortage —has gratefully begun to recede. As Spectrum reported in the months since this story originally posted, the broken supply chains caused by the chip shortage have practically rewired whole segments of the tech industry.

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Europe’s biggest EV market is about to hit a perfect storm of problems

Baua Electric

Germany’s VDA, an interest group for the country’s automobile industry, says that battery-powered vehicles are likely to see a decline from 524,000 units last year – more than any other European market – to 451,000 units this year. According to VDA estimates, the global market should see a 2% growth to 77.4 pre-pandemic.

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Groupe Renault, Brilliance form JV for LCVs in China in three segments with three brands; accelerating electrified powertrains

Green Car Congress

To form the JV, Groupe Renault is purchasing a 49% equity interest in Shenyang Brilliance Jinbei Automobile Co., We see China not only as the biggest car market worldwide, but also as a trend setter for the auto industry. It will change the map of the Chinese and even global LCV market.

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