Remove Auto Industry Remove Automobile Remove Global Remove Sale
article thumbnail

BYD NEV sales up 262.9% YOY in October

Green Car Congress

In particular, the New Energy Vehicle (NEV) sales reached 80,003 units, soaring 262.9% By the end of October, the cumulative annual sales of BYD passenger vehicles topped 200,000 units. Globally, the DM-i model also holds an important position. BYD sold 88,898 passenger vehicles in October, increasing 90.9% BYD’s e-platform 3.0

BYD 448
article thumbnail

Stellantis strengthens ties with China’s auto industry

Teslarati

Stellantis recently repurchased €934 million in shares from Chinese auto company Dongfeng as per a pre-existing share repurchase framework. is a state-owned automobile manufacturer headquartered in Wuhan, Hubei. In October, the legacy automaker invested in China-based Leapmotor to expand its global electric vehicle (EV) sales.

article thumbnail

Fast evolving auto industry needs befitting HR solutions | Autocar Professional

Baua Electric

percent against the global average of 2.9 And the automobile industry in India is a significant contributor to the country’s economy. The environment in which the automobile industry operates on statutory norms includes safety requirements, environmental regulations, labour laws, and trade policies.

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 Rs 1.61

article thumbnail

China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

Green Car Congress

China is targeting the cumulative production and sales of more than 5 million new energy vehicles, including fuel cell vehicles, by that time as well. However, generally speaking, the government continued, China has not achieved a breakthrough with new energy automobiles and core components of the key technologies.

article thumbnail

New milestone in 2023: What drove India to record over 41 lakh car sales

Baua Electric

By: Mainak Das | Updated on: 03 Jan 2024, 13:42 PM India witnessed sales of 41 lakh passenger vehicles in 2023, up from 39 lakh units sold in 2022. India witnessed sales of 41 lakh passenger vehicles in 2023, up from 39 lakh units sold in 2022. Sales of new passenger vehicles in India recorded 41 lakh units milestone, marking around 8.2

India 52
article thumbnail

European auto industry proposes further 20% cut in passenger car CO2 by 2030 from 2021; conditional on EV uptake and infrastructure; no ZEV mandate

Green Car Congress

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. of total new car sales. This is a steep reduction. —ACEA President, Dieter Zetsche.