Remove 2016 Remove Asia Remove Chinese Remove Manufacturer
article thumbnail

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

Green Car Congress

Low-speed electric vehicle sales there appear to have slowed in 2018, but manufacturers still sold nearly 1.5 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

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

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. In spring 2020, the Volkswagen Tiguan broke the production barrier of six million units, with 910,926 units manufactured in 2019 alone. The second-generation Tiguan arrived on the market in April 2016. Earlier post.).

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

China-based automobile manufacturer Guangzhou Automobile Group (GAC Group), the parent company of GAC Motor, has begun construction of a large industrial park for electric and intelligent vehicles as part of its efforts to boost its electric vehicle business. Click to enlarge. The company ranked 5 th among all brands in J.D.

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
article thumbnail

Novelis breaks ground on automotive aluminum facility in Changzhou, China; $180M investment to double capacity in 2020

Green Car Congress

Novelis, the global leader in aluminum rolling and recycling, broke ground on the expansion of its automotive aluminum manufacturing facility in Changzhou, China. Novelis’ Changzhou plant is the company’s first aluminum automotive sheet manufacturing facility in China. The expansion is expected to create approximately 160 jobs.

China 191