Remove Auto Remove Automobile Manufacturer Remove Chinese Remove Forecast
article thumbnail

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). Sales of China’s domestically-made automobiles totaled 1.09 Sales of China’s domestically-made automobiles totaled 1.09 People’s Daily. million units in July, up 63.57

China 218
article thumbnail

The unedited numbers at the microchip dearth: Outlook improves

Baua Electric

As disruptive as the worldwide provide shortages of microchips proceed to be for auto manufacturing schedules, the outlook simply brightened a notch. All life lengthy, the company has held to a forecast of two.8 All life lengthy, the company has held to a forecast of two.8 8 million misplaced cars globally for 2023.

article thumbnail

The unedited numbers at the microchip lack: outlook improves

Baua Electric

As disruptive as the worldwide provide shortages of microchips proceed to be for auto manufacturing schedules, the outlook simply brightened a notch. All past lengthy, the company has held to a forecast of two.8 8 million misplaced automobiles globally for 2023. All past lengthy, the company has held to a forecast of two.8

article thumbnail

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. The price war has had a big impact on the auto industry, and NIO will not follow suit.

Price 141
article thumbnail

XPeng revs up for comeback after ending 2022 in the slow lane

CN EV Post

In the race for buyers in China's ultra-competitive electric vehicle (EV) market, XPeng spent last year falling further behind its two main rivals, Li Auto (LI.US; 2015.HK) XPeng is grappling with a lack of consistency in its marketing strategy, said Wang Cun, an analyst with the China Automobile Dealers Association (CADA).

China 98
article thumbnail

Trump promises 100% tariff on Mexico-built Chinese cars—EV or not

Baua Electric

Former President Donald Trump has announced that he would apply a tariff of 100% to cars built in Mexico by Chinese companies for U.S.-market In a Saturday campaign speech in Dayton, Ohio, Trump said that over a period of 30 years Mexico has taken away 34% of the automobile manufacturing business in the U.S.

Mexico 52