CN EV Post
MARCH 22, 2023
Reducing prices to deal with inventory and properly recover costs are normal business practices, but these tactics should not turn into price wars, the CAAM said. 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.
Baua Electric
FEBRUARY 29, 2024
“World over, the industry is building resilient supply chains by reducing overdependence on any particular country or geography,” said Shradha Suri Marwah, president of ACMA. Work is on to increase net localisation by another 16-20%, or about INR 24,995 crore, over the following five years ending FY27, they said.
Green Car Congress
SEPTEMBER 13, 2017
At the Frankfurt Motor Show, the European Automobile Manufacturers’ Association (ACEA) outlined the industry’s proposal for a pathway to future CO 2 reductions: a 20% CO 2 reduction for passenger cars by 2030, compared to 2021. The European Commission will reveal its proposal on CO 2 targets for cars post-2021 later this year.
Get Electric Vehicle
SEPTEMBER 25, 2022
According to the Society of Indian Automobile Manufacturers, domestic two-wheeler sales in 2021-22 were 1,34,66,412 units, three-wheeler sales were 2,60,995 units, and overall vehicle sales across categories were 1,75,13,596 units (SIAM). As a result, the overall cost of ownership of an EV is already lower.
CN EV Post
APRIL 17, 2023
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. The price war has had a big impact on the auto industry, and NIO will not follow suit. percent from a year earlier and up 14.3 percent from February.
Green Car Congress
JULY 2, 2018
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. The auto industry is eager to move as fast as it can towards zero-emission vehicles.
CN EV Post
MARCH 26, 2023
This is due to the global price correction of new energy materials and the company's cost control and supply chain management capabilities, Chery New Energy said in an announcement. After Tesla cut prices earlier in the year, several NEV makers followed suit. For Chery, its performance at the beginning of the year was weak.
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