Remove tag
Remove Auto Remove China Remove Chinese Remove Sale
article thumbnail

China Auto Ownership Expected to Exceed 200M in 2020

Green Car Congress

Estimated automobile ownership in China will exceed 200 million by 2020, causing serious energy security and environmental issues, according to Wang Fuchang, director of the Department of Equipment Industry under China’s Ministry of Industry and Information Technology. Tags: Brief.

2020 225
article thumbnail

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

Green Car Congress

Liu Shijin, deputy director of the Development Research Center of the State Council, one of China’s top government think tanks, told a forum that the government should shift its guidance to automakers from mere pursuit of output capacity to environment-friendly and energy-saving targets. Tags: Brief.

article thumbnail

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

Green Car Congress

China Daily. 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.

article thumbnail

Tesla Model Y becomes top-selling car in Iceland and Australia

Teslarati

Tesla’s price tag, charging times, intelligent features, and Supercharger Network contribute to the brand’s popularity. Tesla sold approximately 5,560 Model Y units during Q2 2023, coming in second after the Toyota Hi-Lux ute with 6,142 unit sales. of the auto market’s June sales. BEVs made up 7.4%

Iceland 130
article thumbnail

Chinas Auto Subsidy Boosts Domestic Auto Spending by US$3B in 1H2010

Green Car Congress

China’s subsidy to encourage the replacement of older, higher-emitting vehicles boosted domestic auto spending by 20.5 China Association of Automobile Manufacturers (CAAM) said that Chinese auto sales rose 47.67% year on year to 9.02 Tags: Brief. Relevant departments had handed-out 2.4

Auto 170
article thumbnail

BYD expects at least $4 billion in net income from surging EV sales

Baua Electric

After a record EV sales year, BYD expects to rake in at least $4 billion in net income. In the last three months of the year, the Chinese automaker overtook Tesla as the largest global EV maker as it expanded the brand. The price tag is expected to be around $140,000 (1 million RMB).

BYD 52
article thumbnail

China Forecast to Produce 12M Vehicles This year

Green Car Congress

China is forecast to produce a record 12 million vehicles this year, according to an official with the National Development and Reform Commission (NDRC). Sales of China’s domestically-made automobiles totaled 1.09 Sales of China’s domestically-made automobiles totaled 1.09 Tags: Brief. People’s Daily.

China 218