Remove Auto Industry Remove Chinese Remove Electric Remove International
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’s State Council has published a plan to develop the domestic energy-saving and new energy vehicle industry, which includes battery-electric vehicles, plug-in hybrid vehicles and fuel cell vehicles. 2012 Chinese Auto Industry Development Report. Fuel cell stack research.

article thumbnail

Daimler and BYD restructure DENZA joint venture to 10:90

Green Car Congress

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.)

BYD 186
article thumbnail

Volkswagen faces mounting pressure from Tesla and BYD

Teslarati

Volkswagen faces mounting pressure to keep up with Tesla and Chinese automakers in the transition to battery-electric vehicles (BEVs), and its success in doing so could have major implications. The auto industry is faced with the question of whether and how we will be a global leader in the future,” Baerbock said at the event. “The

BYD 109
article thumbnail

Reuters: Tesla Has Ditched Its Affordable EV Efforts in Favor of Robotaxis

The Truth About Cars

The car, which was projected to start in the mid-$20,000 range, would have helped Tesla compete against the increasingly fierce Chinese auto industry. The decision was apparently made public, at least internally, in late February, with a source telling Reuters that “Elon’s directive is to go all-in on robotaxi.”

article thumbnail

SAIC-Volkswagen offers up to $7,250 discount as China auto price war continues

CN EV Post

A Volkswagen joint venture in China has started offering official discounts as the price war in the Chinese auto industry continues. The campaign involves 20 SAIC-Volkswagen models, the vast majority of which are conventional internal combustion engine vehicles, that can enjoy discounts ranging from RMB 15,000 to RMB 50,000.

Price 106
article thumbnail

NIO keeps goal of doubling sales this year despite price war causing greater challenges

CN EV Post

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 year-on-year and 23.6 percent from a year earlier and up 14.3

Price 141
article thumbnail

Global EV sales are ‘robust’ – more than 1 in 5 cars sold in 2024 will be electric

Baua Electric

More than 1 in 5 cars sold globally this year is expected to be electric, with surging demand projected over the next decade, says a new International Energy Agency (IEA) report. In 2024, electric car sales in China are projected to jump to about 10 million, accounting for about 45% of all car sales in the country.

Global 52