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CRU: Chinese EV sales hit hard by COVID-19 outbreak, but only for short-term

Green Car Congress

The COVID-19 has hit the Chinese EV sector hard; CRU, a provider of business intelligence on the global metals, mining and fertilizer industries, believes that weak sales will last at least until early Q2 2020. Nonetheless, it continues to forecast Chinese EV sales growth in 2020 over 2019’s total.

Chinese 221
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GlobalData: Global automakers earmark nearly US$600B for EVs over next decade

Green Car Congress

A further analysis, looking at the contribution to xEV growth of each OEM derived from the latest LMC light vehicle powertrain forecast, sheds further light on the returns expected. Prior to this, Toyota had only a few BEV models manufactured with its Chinese partner GAC Group. Toyota plans to launch 30 models by 2030.

Global 370
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BYD had its slowest profit growth in two years in Q4

Teslarati

Chinese automotive giant and electric vehicle (EV) maker BYD posted its 2023 earnings results this week, with the company reporting its slowest quarterly growth rate in almost two years. auto industry BYD’s full-year 2023 net profit increased by 80.7 The automaker posted 8.67 billion yuan (~1.2 percent to 180.04

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

CN EV Post

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. The price war has had a big impact on the auto industry, and NIO will not follow suit. Photo taken by CnEVPost.) percent year-on-year and 23.6

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China Forecast to Produce 12M Vehicles This year

Green Car Congress

China is forecast to produce a record 12 million vehicles this year, according to an official with the National Development and Reform Commission (NDRC). percent from a year earlier, the fifth month in a row that saw auto sales exceed one million units, according to the China Association of Automobile Manufacturers. People’s Daily.

China 218
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KPMG survey finds global auto execs ranking fuel efficiency the top consumer priority

Green Car Congress

The 2011 KPMG survey also finds the auto industry heavily investing in future technology, new products and safety improvements. Forecast for Mergers and Acquisitions. Investments. US automaker gains in market share. The outlook marks a significant turnaround in their expectations from a year ago.

Global 218
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When Will EVs Hit Primetime?

Revenge of the Electric Car

Despite a surge in interest, electric cars may remain niche products in the world’s two largest auto markets. Similarly, in China, the sheer size of the auto industry and the country’s ambitious clean-energy goals suggest a potentially huge market for electric cars. Chinese green-car subsidies on hold.

China 133