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IHS Markit: global auto sales to drop 22% this year

Green Car Congress

IHS Markit cut its forecasts for global light vehicle sales and production as the impact COVID-19 impact has depressed demand. According the new analysis, global light vehicle sales are now forecast to be 69.6 IHS Markit forecasts a similar decline for global light vehicle production, falling to 69.3 million units.

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BYD prepares to unleash its second 7,000-car carrier to fuel its global EV expansion

Baua Electric

A second car carrier is ready to embark as BYD looks to continue its dominant global expansion. BYD’s new vessel is the second of seven that will hit the seas over the next two years as China’s EV leader goes global. It has already completed two European trips, Spain and Germany, and also docked in Brazil. The BYD Explorer No.

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Ipsos global study finds vehicle owners continue to show interest in self-driving technology despite COVID-19

Green Car Congress

An Ipsos Auto Global Study has found that new vehicle owners in US, China, EURO5 and Brazil desire autonomous functionality in their next vehicle. The automotive sector saw an extreme bounce in retail sales in both May and June after a significant drop in March and April.

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Nissan Global Production Cuts Imperil CEO’s Recovery Plan

Baua Electric

On Thursday, Nissan slashed its operating-profit outlook to ¥500 billion for the year through March 2025, down from its prior forecast of ¥600 billion — far more than analysts had expected — due to weak sales in Japan and the US. These moves came after the company also halted production in Indonesia and Spain in the past few years.

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Deliveries VW Battery-Electric Vehicles Double 2021, Drive a Tesla Model 3/Y Minus the Center Screen, Electric Buses California, Moscow, Spain

EV Obssesion

The post Deliveries VW Battery-Electric Vehicles Double 2021, Drive a Tesla Model 3/Y Minus the Center Screen, Electric Buses California, Moscow, Spain appeared first on EV Obsession.

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Nissan global production cuts imperil CEO’s recovery plan

Baua Electric

billion) for the year through March 2025, down from its prior forecast of 600 Yen billion - far more than analysts had expected - due to weak sales in Japan and the US. --> Nissan slashed its operating profit outlook to ¥500 billion ($3.3 These moves came after the company also halted production in Indonesia and Spain in the past few years.

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Stellantis-Leapmotor announces global expansion, to enter India by Q4 of 2024 | Autocar Professional

Baua Electric

Carlos Tavares, Stellantis’ global CEO, has announced that Leapmotor will enter the Indian market in Q4 of 2024 as part of Leapmotor International’s global expansion strategy. After that homologation, sales will start in September 2024. The brand will be sold across 200 dealerships in the region.

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