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CAAM calls for return to normal order in China's auto industry as price war disrupts sector

CN EV Post

(Image credit: CnEVPost) The price war is one of the most talked-about topics in China's auto industry this month, creating operational challenges for many car companies. Now, an industry association is calling for a return to rationality for all parties to bring order to the market. For more articles, please visit CnEVPost.

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NIO keeps goal of doubling sales this year despite price war causing greater challenges

CN EV Post

NIO maintains its previously mentioned goal of doubling sales, despite greater challenges to meet the goal, said William Li. NIO (NYSE: NIO) is confident it will see sales double this year, despite a rare price war that disrupted the Chinese auto industry in the first quarter. Photo taken by CnEVPost.)

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AIDA servicing evolving needs of the auto industry | Autocar Professional

Baua Electric

Since the founding of AIDA Greater Asia in 1989, the regional network now has seven sales and service support centres located in Singapore, Malaysia, Thailand, India, Vietnam, Philippines and a manufacturing base located in Johor, Malaysia. AIDA has been operating a comprehensive sales and service network in India since 2007.

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China to allow extended sales periods for ICE models based on existing emissions standard, report says

CN EV Post

Price war has been the most talked about topic in China's auto industry this month, and the imminent implementation of a new emissions standard is seen as a major factor. On March 23, China's Auto Dealers Chamber of Commerce (CADCC) called on regulators to delay the implementation of the China 6b emissions standard.

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China's NEV sales up 24% MoM to 653,000 in Mar, CAAM data show

CN EV Post

The CAAM proposes that China's central and local governments continue to introduce policies to promote auto consumption, given the current weak market expectations. China's new energy vehicle (NEV) sales in March were 653,000 units, up 34.8 China saw BEV sales of 490,000 units in March, up 23.8 percent year-on-year and up 24.4

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thyssenkrupp Automotive pressing on with transformation of its powertrain business towards e-mobility

Green Car Congress

The unit is currently one of the world’s leading suppliers of components for internal combustion, hybrid and electric powertrains. Starting out from traditional valve train systems for internal combustion engines, around ten years ago we started developing and industrializing new products for electric powertrains.

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Magna lags profit estimates, cuts annual sales forecast on supply chain snags – ET Auto

Baua Electric

Canada’s Magna International missed first-quarter profit estimates and cut its full-year overall sales forecast on Friday, as auto parts suppliers navigate ongoing supply constraints and bumpy demand for electric vehicles. Magna said it expects full-year 2024 sales of USD 42.6 billion to USD 44.2 billion to USD 45.4