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CRU: Chinese EV sales hit hard by COVID-19 outbreak, but only for short-term

Green Car Congress

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.

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

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Sales of domestically-manufactured autos rose 36 percent year on year to reach 13.14 million units in the months through September, as lower-priced automobiles have become more affordable for better-off Chinese people, according to data released by the China Association of Automobile Manufacturers (CAAM) on Oct.

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China to Encourage Consolidation in Auto Industry; Push to Increase Market Share of Domestic Automakers

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China’s central government plans to implement a new policy in the first half of this year to encourage auto industry 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. of the total.

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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

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2012 Chinese Auto Industry Development Report. The fifth annual report on China’s auto industry—2012 Chinese Auto Industry Development Report—says that the next 20-30 years will be a “critical period” that will see the formation of a global new-energy vehicle industry.

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GlobalData: Global automakers earmark nearly US$600B for EVs over next decade

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Prior to this, Toyota had only a few BEV models manufactured with its Chinese partner GAC Group. Nevertheless, the investment announced remain important for automakers from a perspective of sustaining the ongoing disruptions in the automotive industry. Toyota plans to launch 30 models by 2030. Toyota announced US$70.4

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Daimler and BYD restructure DENZA joint venture to 10:90

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and its long-term Chinese partner BYD Auto Industry Co., In 2022, DENZA will introduce new models to the Chinese market and seek further growth opportunities. Daimler and BYD have been long-term partners in the Chinese market. Daimler Greater China Ltd. Earlier post.)

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China, Two Chinese Firms to Buy Delphis Brakes and Suspension Businesses

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Two Chinese companies and the Chinese government have signed a deal to acquire Delphi Corp.’s s remaining brakes and suspension businesses—the most high-profile acquisition yet by the Chinese in the US auto industry. The Delphi businesses will be owned by a new Chinese company called Beijing West Industries Co.

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