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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.
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. So far, BYD Han’s cumulative sales have exceeded 130,000 units, with increases for seven consecutive months. year on year (YoY) and 12.5%
China Daily. China’s central government plans to implement a new policy in the first half of this year to encourage autoindustry consolidation and further the development of Chinese-brand passenger vehicles, an official from the Ministry of Industry and Information Technology said at a recent news conference.
The 12 th Five-year Plan for China’s autoindustry reportedly will make developing new-energy vehicles the top priority. China is targeting annual new-energy automobile sales of 1 million units by 2015, according to the China Association for Automobile Manufacturers. People’s Daily.
—things are far from back to “normal,” or at least the normal defined by the consumer-incentive-induced sales levels of the past. —things are far from back to “normal,” or at least the normal defined by the consumer-incentive-induced sales levels of the past. million units in lost vehicle sales this year.
autoindustry was the world's largest. That ended in 2009, when China'ssales of 13.5 million new vehicles—against more than 30 million sales in China. DON'T MISS: Why China will beat U.S. For a century, the U.S. million new vehicles surpassed a recession-slammed U.S. total of 10.4
Volvo Cars reported sales of 42,067 cars in February, a decline by 17.2% Sales of Volvo Cars’ Recharge models made up for 33.0% Sales of fully electric cars increased by 229.5% of total sales. Recharge sales increased by 7.0% of total sales. of total sales during the period. and made up 7.2%
Estimated automobile ownership in China will exceed 200 million by 2020, causing serious energy security and environmental issues, according to Wang Fuchang, director of the Department of Equipment Industry under China’s Ministry of Industry and Information Technology. People’s Daily.
Liu Shijin, deputy director of the Development Research Center of the State Council, one of China’s top government think tanks, told a forum that the government should shift its guidance to automakers from mere pursuit of output capacity to environment-friendly and energy-saving targets.
The COVID-19 has hit the Chinese EV sector hard; CRU, a provider of business intelligence on the global metals, mining and fertilizer industries, believes that weak sales will last at least until early Q2 2020. Nonetheless, it continues to forecast Chinese EV sales growth in 2020 over 2019’s total.
China is forecast to produce a record 12 million vehicles this year, according to an official with the National Development and Reform Commission (NDRC). Sales of China’s domestically-made automobiles totaled 1.09 Sales of China’s domestically-made automobiles totaled 1.09 People’s Daily.
The government of China is targeting an average 10% growth for automotive industry production and sales in the next three years, according to an online government document providing details on the support package for the automotive industry, announced in January.
The second reason for the heightened focus on electric cars is China’s move to promote them. Japanese carmakers need to respond to China’s moves by developing electric vehicles that can compete favorably with rival Chinese offerings in this crucial market.
The joint venture will build on the existing successful relationship between the two companies, leading to the development of highly flexible and sustainable auto parts manufacturing within HASCO’s China-based operations.
Bolstered by government stimulus plans, sales of autos in China likely reached a record high of 1.15 million units, according to estimates from the China Association of Automobile Manufacturers (CAAM). Official figures for vehicle production and sales are scheduled for release next Monday. People’s Daily.
Terms of the sale were not disclosed. The sale of the Nexteer business covers global steering and halfshaft operations including 22 manufacturing facilities, six engineering facilities and 14 customer support centers located in North and South America, Europe and Asia. Headquartered in Saginaw, Mich.,
The autoindustry has now grudgingly accepted that battery-electric cars will make up some portion of the world's new vehicles in years to come. But a milestone in that trend may have come today, in news from China.
As part of those actions, which include hiring a new President and CEO (Anning Chen) for Ford China, Ford China is elevated to a stand-alone business unit reporting to Ford global headquarters. Success in China is critical as we reposition our global business for long-term success. —Ford President and CEO Jim Hackett.
The United States is the third-largest electric vehicle (EV) producer behind China and Europe; a new study from the International Council on Clean Transportation (ICCT) finds that the gap has widened. Cumulative electric vehicle sales and production from 2010 through 2020, in major regions (based on EV-Volumes, 2021). Source: The ICCT.
Hyundai Motor Company has begun construction of a third plant in China to respond to growing demand in the world’s largest automobile market. Beijing Hyundai Motor Company (BHMC), a 50-50 joint venture between Hyundai Motor and Beijing Automotive Industry Holding Co., Hyundai established BHMC in 2002, opening its first plant in China.
In conjunction with the start of AutoChina 2014 in Beijing, GM China President Matt Tsien announced that GM’s China joint ventures will make capital expenditures of about $12 billion between 2014 and 2017. China has been GM’s largest market since 2010, last year accounting for about one-third of its global sales.
The University of California, Davis, and the China Automotive Technology and Research Center (CATARC) have entered a new agreement to work together to help speed the commercialization of plug-in and fuel cell electric cars in China. The collaboration is intended to help expand the global market for zero-emission vehicles (ZEVs).
(Image credit: CnEVPost) The price war is one of the most talked-about topics in China'sautoindustry 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.
China has emerged as a world leader in electric vehicle adoption in recent years. According to the Wall Street Journal, “China’s car market snapped a three-year decline last year, helped by strong sales of electric vehicles.” pic.twitter.com/Za0IHf0QEV — Tesla Greater China […].
Price war has been the most talked about topic in China'sautoindustry this month, and the imminent implementation of a new emissions standard is seen as a major factor. On March 23, China'sAuto Dealers Chamber of Commerce (CADCC) called on regulators to delay the implementation of the China 6b emissions standard.
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
Volvo Cars reported sales of 58,677 cars worldwide in March, a decline by 22.1% During the first quarter, the number of cars sold increased gradually to a total of 148,295 cars as the supply chain constraints affecting Volvo Cars and the autoindustry continued to slowly ease. Sales of fully electric cars made up 9.0%
The Center for Automotive Research’s (CAR’s) updated automotive sales outlook forecasts US light-duty vehicle sales at 16.8 CAR’s forecast includes a continuation of sales declines in 2020 and 2021 down to 16.5 CAR projects sales to rebound to 16.8 US Light Vehicle Sales, 2015-2018, and CAR’s Forecast, 2019-2025.
Based on January-February retail sales, BYD is already the largest automaker in China with an 11.8 percent share. | BYDDY.US | BYD HK BYD's new energy vehicle (NEV) sales are expected to maintain strong growth in the first quarter, despite the overall weak performance of China's passenger vehicle market. percent share.
a provider of lithium-ion battery cells, modules and systems ( earlier post ), announced $125 million in new funding from a combination of private equity investment and support from China. As part of its plans, Boston-Power is establishing an R&D and EV battery engineering facility in China. Boston-Power, Inc., Reorganizing.
Rising global vehicle sales and profitability have encouraged automakers to continue to increase vehicle production, providing the global economy with some positive offset to the dampening impact of the recent surge in energy prices, according to the latest Global Auto Report released on Friday by Canada-based Scotia Economics.
The China Passenger Car Association (CPCA) expects China's new energy vehicle (NEV) sales to continue to recover this month from last month, although growth in the overall passenger car market remains slow. Retail sales of passenger vehicles in China are expected to be 1.59 percent from a year ago and up 27.5
China'sautoindustry is currently maintaining momentum in production and wholesale sales, but growth in the consumer market has been slightly sluggish, the CAAM said. The post China NEV sales reach record 714,000 units in Oct, CAAM data show appeared first on CnEVPost.
Jingju is a key component of a DiDi-BAIC strategic partnership formed in a growing alliance between DiDi and auto-industry players. DiDi started partnership programs with automakers and fleet operators in 2016, and launched the DiDi Auto Alliance, an industry-chain partnership network in April 2018.
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 autoindustry in the first quarter. Photo taken by CnEVPost.)
| 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 autoindustry has been weak overall so far this year. "We Our team is very confident in that," Li said at the time.
Once considered the leader in China’sautoindustry, Volkswagen has watched its share of the pie shrink over the past year or so as EV makers like BYD, NIO, and Tesla steal the show. 3 price in China to boost EV sales, starts at under $18K appeared first on Electrek. 3 electric car.
For example, over the last few years Ipsos has found the highest level of knowledge about BEVs in China. Increasing future sales for BEVs will rely on companies improving awareness of their product. Ipsos attributes this increased interest can be attributed to the greater level of familiarity with BEVs.
It's starting to look like China will lead the world in adoption of plug-in electric cars, but which carmaking nations will follow it? Now, however, Germany—home to the largest piece of Europe's autoindustry—appears to be.
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. Pending regulatory approval, the new JV will design, build, market and distribute all-electric passenger vehicles for China, the world’s leading electric vehicle market. Earlier post.).
April passenger vehicle sales in China are expected to be around 1.57 China's new energy vehicle (NEV) sales rose significantly this month from a year ago, though they were down from March. In April, retail sales of NEVs in China are expected to be around 500,000 units, up 77 percent from a year earlier but down 8.4
Industrial and technology group thyssenkrupp has opened a new €10-million (US$10.9 million) development center for engine components in Dalian, China. With the new development center we want to serve our customers in China with even better customized and more efficient products.
1 in Zero-Emission Vehicles: cumulative sales of 1.5 The company also plans to contribute to CO 2 reduction through the development of ITS technologies, and will collaborate to improve traffic congestion and eco-driving with the Beijing (China) City Government. million zero-emission vehicles across the Renault-Nissan Alliance.
Further, according to the latest IHS Markit forecasts, the global autoindustry will exerience an unprecedented and almost instant stalling of demand in 2020, with global autosales forecast to plummet more than 12% from 2019 to 78.8 IHS Markit downgraded its expectations for Mainland China by 2.3 million units.
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