article thumbnail

Chinese language automakers to take hold of majority percentage of home gross sales for first week, forecast says

Baua Electric

China’s marketplace for what it screams “new energy vehicles” (NEVs), together with plug-in hybrids and natural electrics, has benefited from the an identical of $57 billion in subsidies from the federal government all over 2016 to 2022, the consultancy mentioned. That will give Chinese language manufacturers 30 p.c

Chinese 52
article thumbnail

Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

Green Car Congress

At the current estimated low-speed electric vehicle fleet size, the potential fuel demand displacement could exceed 60,000 barrels per day—2% of current total Chinese gasoline demand.

article thumbnail

Volkswagen to offer refreshed Tiguan with new plug-in hybrid powertrain in Europe

Green Car Congress

As far back as 2016, Volkswagen unveiled a Tiguan PHEV concept, based on the second-generation Tiguan. The second-generation Tiguan arrived on the market in April 2016. In October 2019, Volkswagen added a plug-in hybrid drivetrain for the Chinese model. Earlier post.). Design sketch of the new Tiguan.

Plug-in 307
article thumbnail

Volkswagen Group returns to profitability with new record for sales revenue and operating result in 2016

Green Car Congress

The Volkswagen Group made progress in 2016 in overcoming its self-inflicted diesel crisis. Sales revenue in fiscal year 2016 rose by €4.0 The Group therefore reached not only its targets for 2016 but also a new record, helped in particular by increases in Western and Central European markets and in the Asia-Pacific region.

2016 150
article thumbnail

GAC Group begins construction of $6.5B industrial park for electric and intelligent vehicles

Green Car Congress

The planning and construction of this industrial park is a concrete step to implement the Chinese government’s green development goals for Guangdong and the national ‘Made in China 2025’ strategy. Power Asia Pacific’s 2016 China Initial Quality Study, the highest of all Chinese brands for the fourth consecutive year.

article thumbnail

Report: Ford CEO Says China Strategy Changing

The Truth About Cars

CEO Jim Farley has reportedly returned from Asia to finalize those plans, which were reiterated during a press call about Ford’s first-quarter earnings held earlier in the week. Ford has introduced new models specifically designed to cater to Chinese customers. But it doesn’t appear to be for a lack of trying.

China 98
article thumbnail

Ford introducing new midsize SUV in China; Territory will offer 48V mild hybrid and plug-in hybrid variants

Green Car Congress

The Territory is a breakthrough for Ford in China in terms of our ability to successfully compete with Chinese automakers for millions of customers that we do not currently serve. —Peter Fleet, president, Asia Pacific and chairman & CEO, Ford China. Indigenous Chinese automakers in particular have capitalized on this trend.

Plug-in 186