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

CN EV Post

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 auto industry in the first quarter. Photo taken by CnEVPost.)

Price 145
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Big Auto is begging governments to let them go bankrupt as Chinese EVs loom

Baua Electric

The auto industry is electrifying, and all new cars will be electric in the relatively near future. Chinese EVs will grow, whether you like it or not China is actually a little late to the EV party. Chinese EV sales have started taking off overseas , particularly in Europe. Namely: China.

Chinese 52
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Renault CEO calls for Auto European plan to protect against ‘onslaught of EVs from China’

Teslarati

He pointed out that electric vehicles and plug-in hybrids account for 14% of global car sales, led by Asian automakers. million electric vehicles sold in 2023, according to the Chinese Passenger Car Association, or 60% of the global total), it already had [a] market share of close to 4% in Europe in 2022.

China 110
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Chinese Government think tank calls for refocusing auto industry on environment-friendly and energy-saving targets

Green Car Congress

He also said that auto manufacturers should strengthen their safety and quality control standards. Sales of domestically-manufactured autos rose 36 percent year on year to reach 13.14 In fact, annual sales and production could exceed 17 million, CAAM said.

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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. Volkswagen had just around 145,000 sales. automaker’s lineup-wide price cuts made throughout this year.

BYD 114
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Tesla’s apparent red carpet treatment in India an effective tool against rivals

Teslarati

This bodes well for Tesla, and it could result in the company not competing with some of its strongest rivals in the country, at least in the near future. These include BYD, which outsell Tesla in China in terms of New Energy Vehicles (NEVs) sales. India is an increasingly important market in the auto industry.

India 98
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GM’s rosy year-end figures obscure the fact that legacy automakers are in deep trouble – Charged EVs

Baua Electric

Duplicitous doublespeak has become de rigueur dialect in the auto industry. “We We remain committed to an all-electric future,” says GM as it announces a rollback of its electrification plans. “We We strongly believe in EVs,” say auto dealers as they support efforts to slow the EV transition.

GM 52