article thumbnail

Panasonic seeks to expand business in the auto industry 

Teslarati

Tesla supplier Panasonic slashing domestic EV battery production Poliak also shared that Panasonic Automotive aims to nearly double its sales. Panasonic Automotive already formed relationships with companies in the industry, like Amazon and Fisker.

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. 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%

BYD 448
article thumbnail

Stellantis strengthens ties with China’s auto industry

Teslarati

Stellantis appears to be strengthening its ties in China’s automotive industry. Stellantis recently repurchased €934 million in shares from Chinese auto company Dongfeng as per a pre-existing share repurchase framework. billion in Leapmotor , acquiring 20% of the Chinese company and becoming a significant shareholder.

article thumbnail

CAAM calls for return to normal order in China's auto industry as price war disrupts sector

CN EV Post

(Image credit: CnEVPost) The price war is one of the most talked-about topics in China's auto industry 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.

article thumbnail

Volvo Cars sales down 17.2% in February, share of electrified cars increased to 33%

Green Car Congress

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%

Volvo 275
article thumbnail

BYD to Chinese Auto Industry: "Demolish the Old Legends" in the EV Race

The Truth About Cars

Build Your Dreams, or BYD, is likely one of the largest companies you’ve never heard of. Though enormous, BYD isn’t satisfied with dominating its home market and wants the rest of the Chinese electric auto industry to come with it. Though it’s behind Tesla in global sales, BYD is king in China.

article thumbnail

Fast evolving auto industry needs befitting HR solutions | Autocar Professional

Baua Electric

As a result of the dynamic nature of the sector and the ongoing technical breakthroughs, there is a significant demand for talented people in various fields, including engineering, design, production, supply chain management, and sales. Companies can implement an incentive and variable pay concept to manage compensation.