Remove Affordable Remove Auto Industry Remove Automobile Remove Manufacturer
article thumbnail

2024 trends in the auto industry promise a focused approach | Autocar Professional

Baua Electric

So, while the Covid-19 lockdowns severely affected the entire automotive industry’s value chain, it also began to embrace a fresh perspective amidst the global crisis. Domestic automobile sales saw a significant year-on-year growth of 20 percent, marking the first full year unaffected by the pandemic. percent to clock a turnover Rs 5.60

article thumbnail

ACEA study finds cost still strong deterrent for EV uptake across Europe; calls for “realistic” targets recognizing affordability

Green Car Congress

A new study by the European Automobile Manufacturers’ Association (ACEA) finds that the affordability of electric cars remains a strong deterrent for customers across the EU, along with lack of infrastructure and lack of investment in infrastructure. —Erik Jonnaert, ACEA Secretary General. —ACEA report.

article thumbnail

Chinese Government think tank calls for refocusing auto industry on environment-friendly and energy-saving targets

Green Car Congress

He also said that auto manufacturers should strengthen their safety and quality control standards. Sales of domestically-manufactured autos rose 36 percent year on year to reach 13.14 Sales of domestically-manufactured autos rose 36 percent year on year to reach 13.14

article thumbnail

Ford and Zotye forming JV in China for EVs; Ford’s third JV in the country

Green Car Congress

Ford Motor Company and Zotye have agreed to establish Zotye Ford Automobile Co., a new 50:50 joint venture that will offer a range of stylish and affordable all-electric vehicles for consumers in China under a new indigenous brand. A new manufacturing plant for the JV will be constructed in Zhejiang Province. Earlier post.).

China 150
article thumbnail

Volvo follows in Stellantis’ footsteps and departs from ACEA

Teslarati

As the auto industry splinters over the switch to electric vehicles, Volvo Cars AB is the second major manufacturer to leave Europe’s auto lobby. Carlos Tavares, the CEO of Stellantis, has been one of the most outspoken advocates for a slower shift in the automotive industry. I’d love to hear from you!

Volvo 98
article thumbnail

Hatchbacks not giving up territorial rights so easily | Autocar Professional

Baua Electric

The average on-road prices for hatchbacks—the most price-sensitive automobile segment—have risen from Rs 5.2 It’s not like if a small hatchback is manufactured at the right price, there are no takers. One cannot link disposable incomes and affordability to the fall in the hatchback segment’s contribution, he said. “It

Suzuki 52
article thumbnail

KPMG Survey: execs say connected car generates 10x revenue than a conventional vehicle; market share based on units “outdated”; BEVs #1 trend

Green Car Congress

The massive amounts of data that is being collected presents a tremendous business opportunity for auto companies. Addressing information security concerns is a critical priority for automakers, and one they cannot afford to get wrong. Good-bye to auto-digital fusion, hello to co-integration. —Gary Silberg.

Connect 150