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CPCA expects China Apr NEV retail sales to fall 8.4% from Mar to about 500,000 units

CN EV Post

percent from March, according to estimates released today by the China Passenger Car Association (CPCA). Survey shows that car companies, which contribute about 80 percent of passenger car sales, are targeting slightly lower retail sales in April than in March, the CPCA said. million units, up 49.8 million units, up 49.8

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How and When the Chip Shortage Will End, in 4 Charts

Cars That Think

As Spectrum reported in the months since this story originally posted, the broken supply chains caused by the chip shortage have practically rewired whole segments of the tech industry. considered getting into the chip-stimulus game as well. The auto industry is a relatively small chip end-user, but it’s growing fast.

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China Car Sales Likely Hit New Record in April

Green Car Congress

Bolstered by government stimulus plans, sales of autos in China likely reached a record high of 1.15 Assuming the CAAM figures are borne out by official data, April would be the fifth straight month of growth for the industry. People’s Daily.

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Global auto industry receives $44 billion for greener cars

Green Cars News

The global automotive industry is receiving close to US$44 billion from governments around the world to develop alternative fuel technologies, analysts at Deloitte reveal. The market for alternative fuel vehicles is being strongly supported economic stimulus packages and other government programs in at least 13 markets.

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China Forecast to Produce 12M Vehicles This year

Green Car Congress

Chinese domestic auto makers were expected to produce and sell more than 8 million units of vehicles in first eight months this year respectively, said Chen Bin, director of the Department of Industry under the NDRC. In January, China cut the purchase tax on passenger cars to 5% for models with engine displacements of less than 1.6

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Ricardo responds to electric drive stimulus package

Green Cars News

“Measures aimed at spurring innovations that will increase the electrification of road transportation, such as those announced today, are to be welcomed as extremely good news for the auto industry as well as for society. .

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Will Obama’s billions jumpstart the electric car? The Green Piece

Green Cars News

If you listen to US President Barack Obama it has been a long time coming – his decision to pour $2.4billion of stimulus money to make America a global leader in electric and hybrid car development comes as the country plays catch up to the likes of Japan and even China in the green car race (see article ). “I Who will benefit?

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