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

Baua Electric

AlixPartners forecast China’s total auto gross sales would develop 3 p.c million automobiles, convalescing to the extent of gross sales prior to COVID-19. Dyer forecast annual gross sales of Chinese language-branded automobiles in in a foreign country markets would develop to 9 million automobiles through 2030.

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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 billion) was substantially higher than the prior-year figure (up 14%); the operating return on sales rose to 6.7% (6.0%). billion (US$4.22 billion) to €217.3 billion (US$229.4

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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.

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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. This versatile vehicle is available for sale in 80% of countries in the world and is the most successful SUV on the market in Europe. The second-generation Tiguan arrived on the market in April 2016. Earlier post.).

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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. Our goal is for GAC Motor to take the lead in the EV business and achieve sales of 20,000 electric vehicles by 2020.

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Report: Ford CEO Says China Strategy Changing

The Truth About Cars

Ford Motor Company is tweaking plans in China and seeking to turn around financial losses after five years of lackluster sales within the region. 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.

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Navigant Research forecasts battery-electric to be leading type of electric powertrain for buses through 2026

Green Car Congress

According to Navigant Research, the total global market for electric drive buses is expected to grow from about 119,141 buses in 2016 to 181,055 in 2026. Plug-in hybrid drive is expected to grow for the rest of the current decade and then see sales begin to drop off. The forecast, Navigant notes, is led by the market in China.

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