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BYD Chairman forecasts falling profit margins in 2024

Teslarati

BYD Chairman Wang Chuanfu forecasts falling profit margins in 2024 but remains confident that the company will maintain stable profitability. According to the China Passenger Car Association’s (CPCA) Secretary General Chi Dongshu, China’s auto sector’s profit margins have fallen to 4.3% million EVs , up 14.7% year over year.

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Comment on Nio gives over 230,000 sales forecasts for 2024 to supply chain, Xpeng 280,000, Li Auto 800,000, report says by CARS CARS CARS

CN EV Post

Automakers usually provide high forecasts to their supply chain, while suppliers make their own judgments based on the competitiveness of the vehicle models and the operating results of the car companies.

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Plugins EVs Near Third Of Autos In Germany, Recession Forecast

CleanTechnica EVs

of Europe’s largest auto market, Germany, in October, up from 30.4% This in the context of overall auto market growth of 16.8% Plugin electric vehicles (EVs) gained 32.4% YoY, to 208,642 units. This, however, is still down by almost 25% from the pre-2020 seasonal norms.

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BNEF forecasts EVs to hit 54% of new car sales by 2040; decreasing importance of PHEVs

Green Car Congress

Electric vehicles will make up the majority of new car sales worldwide by 2040, and account for 33% of all the light-duty vehicles on the road, according to a new forecast published by Bloomberg New Energy Finance (BNEF). This represents an aggressive jump compared to BNEF’s previous forecast of 35% EV new car market share by 2040.

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Comment on Nio gives over 230,000 sales forecasts for 2024 to supply chain, Xpeng 280,000, Li Auto 800,000, report says by GustavoMan627

CN EV Post

Automakers usually provide high forecasts to their supply chain, while suppliers make their own judgments based on the competitiveness of the vehicle models and the operating results of the car companies.

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Comment on Nio gives over 230,000 sales forecasts for 2024 to supply chain, Xpeng 280,000, Li Auto 800,000, report says by Arkangel

CN EV Post

Automakers usually provide high forecasts to their supply chain, while suppliers make their own judgments based on the competitiveness of the vehicle models and the operating results of the car companies.

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EU auto sales expected to slow in 2024 as EV share increases: ACEA

Teslarati

Manufacturers group the Association des Constructeurs européens d’Automobiles (ACEA) announced its latest forecast in a press release on Wednesday, which predicts that EU new car sales will increase by just 2.5 The post EU auto sales expected to slow in 2024 as EV share increases: ACEA appeared first on TESLARATI.

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