Baua Electric

APRIL 25, 2024

Car parts makers face slowing auto production, leaving suppliers with excess capacity, and are striving to reduce costs, including laying off workers, as Chinese EV makers expand in Europe. The company said it is well-placed with Chinese carmakers, accounting for 14% of its first-quarter sales, both for the Chinese market and for export.

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Baua Electric

MAY 9, 2024

Kia India will expand Kia Krystal’s ambit to include a new process for welcome calls, aimed at onboarding new customers post-sales and keeping them informed about ownership programs and offerings. New Delhi: Kia India Friday launched Kia Krystal , an innovative digitized aftersales initiative.

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CN EV Post

APRIL 6, 2023

With consumers in a wait-and-see mood, orders and transaction rates did not increase significantly, and auto demand recovered less than expected, the CADA said. Many automakers in China launched rare price wars in March to try to boost sales. The Vehicle Inventory Alert Index for China's auto market was 62.4 Of those, 20.5

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Baua Electric

JANUARY 17, 2024

stake through the open market on Wednesday. Download ETAuto App Get Realtime updates Save your favourite articles Scan to download App The post Minda Corp exits Pricol with 15% stake sale, rakes in INR 260 cr profit – ET Auto appeared first on Bauaelectric Auto News.

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Baua Electric

JANUARY 25, 2024

European chipmaker STMicroelectronics on Thursday forecast a more than 15% drop in first-quarter revenue, well below market expectations, due to softer automotive demand and a further decline in orders from the industrial sector. In 2024, STMicro plans to invest about USD 2.5 billion to USD 16.9 billion, down from USD 4.25 billion to USD 16.9

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CN EV Post

APRIL 3, 2023

(Image credit: CnEVPost) Low consumer sentiment in the wake of the Covid wave has led to weak auto sales in China, though the situation is expected to see relief in the second quarter, and the launch of new models and lower lithium carbonate prices are also encouraging, according to Deutsche Bank. million to 1.75

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Baua Electric

FEBRUARY 5, 2024

Overall new car sales in January rose 8.2% to 147,876 units, the best since 2020, buoyed by strong demand in the fleet market, The Society of Motor Manufacturers and Traders ( SMMT ) said. Total BEV sales for the month rose 21% to 20,935 units, with fleet and business demand for BEVs up 41.7% anticipated in October.

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Baua Electric

MAY 24, 2024

The used car industry is generally three to five years behind the trends in the new car market. New Delhi: The Indian used car market is poised for continued expansion, fuelled by a burgeoning middle class with rising disposable income, a growing desire for personal mobility and shorter vehicle replacement cycles. million units.

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CN EV Post

MARCH 12, 2023

The recent price war in China's auto market has put a new emission standard that will come into effect in a few months' time in the spotlight. CnEVPost obtained the views of several local analysts, which provide references on what impact that new emission standard will have on the auto industry.

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Standards China Auto Emissions 78

Teslarati

JULY 7, 2022

Despite constant media attention on recessions and or other poor market behavior, some indicators show that the automotive sales market remains fairly strong. In a recent report released by Cox Automotive , chief economist Jonathan Smoke outlines multiple reasons that Cox believes the automotive market is still fairly strong.

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CleanTechnica EVs

NOVEMBER 1, 2022

CNN Business recently published an article titled “The Chevy Bolt’s huge sales prove America is craving a cheap electric car.” ” It caught my attention since I track auto sales, and especially electric vehicle sales, very closely.

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Baua Electric

MARCH 6, 2024

Under the auto boom, a smaller industry is also growing: the used or pre-owned car market, where for every two new cars, three used cars are sold. Fuelled by rising disposable incomes, an influx of new sport-utility vehicles, and attractive loan rates, India’s car market is racing ahead. compared with sales of 3.79

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Baua Electric

JANUARY 25, 2024

Global semiconductor sales are expected to grow from USD 600 million this year to more than USD 1 trillion by 2030, and all capacity currently planned in China will be needed. ASML equipment sales to China hit 6.3 “If you want to get to 20%, you just have to calculate how much you need to build here.” billion euros (USD 6.9

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Baua Electric

FEBRUARY 7, 2024

of the total sales, while nearly one out of seven NEVs sold during the month was also exported, CAAM data shows. China’s new energy vehicle sales fell 38.8% China’s new energy vehicle sales fell 38.8% Vehicle sales, including those exported, totalled 2.44 New energy vehicle (NEV) sales, accounting for 29.9%

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CN EV Post

APRIL 24, 2023

The years 2023-2025 for China's smart EV market will be like the last three years of World War II in history from 1943-1945, said Li Xiang. Li Xiang, founder, chairman and CEO of Li Auto (NASDAQ: LI), predicted a month ago that China's new energy vehicle (NEV) penetration rate would reach 70 percent by the fourth quarter of 2025.

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CleanTechnica EVs

FEBRUARY 14, 2022

The article included 8 original charts I recommend looking at. Let’s also look at how Tesla, a 100% electric brand, performed in California compared to other auto companies in the 4th […]. I recently wrote about Tesla model leadership — and other EV model leadership — in California.

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California Auto Market Tesla 96

Baua Electric

APRIL 27, 2024

Renault held talks this week with China’s Li Auto and Xiaomi on electric and intelligent vehicle technologies , the French carmaker said on Friday, opening the door to potential collaboration on technology with the two companies. China disputes the claim and has accused Europe of protectionism.

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CN EV Post

APRIL 17, 2023

While auto shows have generally started to lose some significance as automakers turn to dedicated launch events, this year's Shanghai auto show could be an exception, said Deutsche Bank analyst Edison Yu's team. (A A file photo taken by CnEVPost at the Shanghai auto show two years ago shows an ET7 wrapped in a blanket.)

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CN EV Post

MARCH 22, 2023

(Image credit: CnEVPost) The price war is one of the most talked-about topics in China's auto industry this month, creating operational challenges for many car companies. Now, an industry association is calling for a return to rationality for all parties to bring order to the market.

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Baua Electric

APRIL 21, 2024

These centres act as a one-stop solution for all after-sales & service-related requests, the release added. Our 500th service centre in Kochi is a testament to our service promise to our customers, and we will continue to strengthen our after-sales & service network across India.”

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Baua Electric

MAY 23, 2024

While SQM’s quarterly lithium revenues fell 67% from a year earlier, its lithium sales volumes grew 34%. SQM Chief Executive Ricardo Ramos, said that despite growth in sales volumes, the quarter had been hit by average sales prices for lithium that dropped over 75% to USD 12,600 per ton. This brought a loss of USD 3.04

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Baua Electric

MARCH 1, 2024

Valeo now anticipates net 2025 sales in a range of 24.5 French car parts maker Valeo on Thursday cut its net sales guidance for 2025, citing lower-than-expected growth in the automotive market and particularly for electric vehicles. Valeo now anticipates net 2025 sales in a range of 24.5 billion to 25.5 bn-USD 27.57

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CN EV Post

MARCH 21, 2023

| NIO US | NIO HK | NIO SG An NIO (NYSE: NIO) executive re-emphasized the electric vehicle (EV) maker's confidence that it will meet its goal of doubling sales this year, at a time when the Chinese auto industry has been weak overall so far this year. "We For more articles, please visit CnEVPost. million units, down 19.8

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Baua Electric

APRIL 6, 2024

The announcement follows the shockingly low quarterly sales figures from Tesla this week. After the market closed, Musk said the company will unveil its “robotaxi” on Aug 8, causing a rally in after-hours trading.

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Baua Electric

JUNE 14, 2024

With evolving consumer preferences and premiumisation, the market for sunroof in India is expected to grow significantly. The company operates via its 29 Sales, technical and manufacturing facilities spread globally. The company operates via its 29 Sales, technical and manufacturing facilities spread globally.

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Baua Electric

APRIL 26, 2024

It’s taken Huawei just four years to become a force in smart car technology , navigating the devastation of trade sanctions on its smartphones business while simultaneously developing a driver assistance system that is the darling of the Beijing auto show. ” said Evangelos Simoudis, an investor and corporate adviser.

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Baua Electric

MAY 3, 2024

The company achieved the highest sales for the quarter and fiscal year with sales to OE customers growing 18%. Auto component company Rane Brake Lining saw a 28% jump in net profit for Q4FY24 at INR 15.4 The company achieved the highest sales for the quarter and fiscal year with sales to OE customers growing 18%.

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Baua Electric

JUNE 13, 2024

Orbitsys DMS’s software and OSM’s industry leading electric vehicles come together to provide dealers with a powerful suite of tools for exceptional performance in both sales and service. Omega Seiki is a pioneer in the EV industry and is rapidly scaling up to deliver a range of quality products to India and other world markets.

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Dealers Auto India Insight 52

Electric Vehicles India

NOVEMBER 15, 2021

EVs new sales increased by 26% in global automotive market. Electric vehicles sales are rapidly growing day by day, in the first half of 2021 the sales have increased by 26% with 2.6 million units representing 26% of new sales in the global automotive market. EVs sales double in Korea . million units.

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Baua Electric

MARCH 2, 2024

The SUV-centric trend has extended beyond new car acquisitions and is making its presence felt in the used car market with a 4-6% growth since FY21, Chopra said. As per the findings of the Gurugram-based online used car marketplace, there are changes in market dynamics with customers opting for frequent upgrades when it comes to cars.

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Baua Electric

JANUARY 23, 2024

EV sales in India were growing by a compounded annual growth rate of 49%. The Indian automobile sector was able to source almost 50% of required auto parts from domestic markets under the INR 26,000 crore Production-Linked Incentive (PLI) scheme, said Union minister for heavy industries Mahendra Nath Pandey on Tuesday.

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CN EV Post

APRIL 11, 2023

The CAAM proposes that China's central and local governments continue to introduce policies to promote auto consumption, given the current weak market expectations. China's new energy vehicle (NEV) sales in March were 653,000 units, up 34.8 China saw BEV sales of 490,000 units in March, up 23.8 percent year-on-year.

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Baua Electric

MAY 29, 2024

Q4 FY24: Total Sales for the quarter at INR 2,269 crore were higher by 20% compared to the same quarter last year and lower by 9% compared to the previous quarter. Domestic sales at INR 1,925 crore were higher by 38% compared to the same quarter last year and lower by 12% compared to the previous quarter.

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CN EV Post

MARCH 29, 2023

In the price range of RMB 300,000-500,000, Li Auto has a market share of nearly 20 percent, it said. | Li Auto US | Li Auto HK (Image credit: Li Auto) Li Auto (NASDAQ: LI) saw a milestone in cumulative deliveries of the three L-series models currently on sale.

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CN EV Post

APRIL 1, 2023

platform at the Shanghai auto show, with the all-new ES6 making its debut. NIO (NYSE: NIO) will have the facelift of its previously popular ES6 SUV unveiled at the Shanghai auto show later this month, marking the first time the company has unveiled a new model at an auto show. For more articles, please visit CnEVPost.

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Baua Electric

MAY 6, 2024

But EU plans to outlaw the sale of new fossil fuel-powered cars from 2035, meaning some jobs will inevitably become redundant. Poor prospects What jobs remain are under increasing pressure from Chinese competitors, who are hauling in a growing share of the market. “That’s not the case in production.”

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CN EV Post

APRIL 17, 2023

NIO maintains its previously mentioned goal of doubling sales, despite greater challenges to meet the goal, said William Li. NIO (NYSE: NIO) is confident it will see sales double this year, despite a rare price war that disrupted the Chinese auto industry in the first quarter. Photo taken by CnEVPost.)

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