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Honda last week held a virtual press conference on its electrification strategy in China. All new models Honda will introduce in China after 2030 will be electrified—hybrids (HEVs) and EVs. All new models Honda will introduce in China after 2030 will be electrified—hybrids (HEVs) and EVs. e:N series.
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. positioning BYD as a dominant player in China’s plug-in hybrid vehicles market. year on year (YoY) and 12.5% BYD’s e-platform 3.0
AERO concept vehicle, a fully-electric limousine planned for the Chinese automobilemarket. AERO concept is expected to go on sale in the Chinese automobilemarket in the second half of 2023. The corresponding production model for the North American and European market will be presented in 2023.
Fiat Group Automobiles S.p.A., Chrysler Group International LLC and Guangzhou Automobile Group Co., The joint venture will finalize its localized production plans in the near term which includes the consideration of a Jeep model uniquely designed for China. Production is expected to begin by late 2015.
Groupe Renault is setting a new strategy for China, based on Electric Vehicles (EV) and Light Commercial Vehicles (LCV). With 860,000 electric vehicles sold in China in 2019, China is by far the largest EV market in the world. EV sales are expected to reach 25% of the Chinese market by 2030. LCV market.
China-based and -focused CCID Consulting estimates that the China passenger vehicle market will need at least 1.802 million tons of aluminum sheets annually, assuming that aluminum replaces 15% of the steel used in automobile manufacturing by 2015. The sales volume is expected to reach 25.287 million by 2015.
WiTricity announced an intellectual property licensing agreement with Anjie Wireless, a China-based automotive Tier 1 supplier. Making vehicle charging a convenient, seamless and efficient process is a priority for accelerating EV adoption (in China and abroad), and a critical component of autonomous vehicle deployment.
Audi increased its unit sales in China and Hong Kong in the first half of the year by 37.8% to 193,871 automobiles, achieving new record results. In June, the company increased its unit sales by 20.4% year-on-year to 33,309 automobiles. Sales of the A4 L increased to 51,131 units (+42.9%). to 35,062 units.
Ford China posted record January sales of 94,466 wholesale vehicles, up 53% compared to 61,567 in January 2013. Ford China passenger car sales—which include imported car—accounted for 72,598 vehicles, a year-on-year sales increase of 63% compared to 44,439 sold in January 2013.
Ford China posted a 32% sales increase in July 2012, with 42,560 wholesale units sold. Year to date, Ford China has sold 319,882 wholesale units, up 4% from January – July 2011. Total Ford-brand passenger cars sales—which include the imported Ford Edge—are up 50% in July, at 27,498 units.
Honda last week announced key targets for sales of electrified vehicles in North America, with a plan to make battery-electric and fuel cell electric vehicles (BEVs and FCEVs) to represent 100% of its vehicle sales by 2040, progressing from sales of 40% by 2030 and 80% by 2035. Honda SUV e:prototype shown at Shanghai 2021.
National Electric Vehicle Sweden AB (NEVS)—an international consortium formed by Chinese, Japanese and Swedish stakeholders—and the Receivers of the Saab Automobile bankruptcy estate ( earlier post) signed a purchase agreement covering the main assets of Saab Automobile AB, Saab Automobile Powertrain AB and Saab Automobile Tools AB.
Fiat Group Automobiles S.p.A., and Guangzhou Automobile Group Co., GAC Group) have signed a Framework Agreement to expand their cooperation on passenger car manufacturing and sales in China. GAC Fiat Automobiles Co., GAC Fiat ), incorporated on March 9, 2010, is jointly invested by Guangzhou Automobile Group Co.,
Audi sold 124,520 units during 1Q 2014 in China—an increase of 21.1% Audi began China production of the A3 Sportback in March; production of the A3 Sedan will start in the summer. We are the first premium manufacturer to locally produce and sell three models in the premium compact segment in China. to 21,407 vehicles.
Protean Electric, developer of in-wheel electric drive systems ( earlier post ), received $84 million in new funding from GSR Ventures, New Times Group, Oak Investment Partners and the city of Liyang, Jiangsu Province, China. This marks Protean Electric’s entry into China, the world's largest automobilemarket.
With two weeks to go until the opening of the Beijing International Auto Show, Hond Motor (China) Investment outlined its mid-term business strategy for China, covering both the Honda and Acura brands. Within this year, Honda will introduce three hybrid models to the Chinamarket. Earlier post.). Earlier post.).
As part of those actions, which include hiring a new President and CEO (Anning Chen) for Ford China, Ford China is elevated to a stand-alone business unit reporting to Ford global headquarters. Success in China is critical as we reposition our global business for long-term success. —Ford President and CEO Jim Hackett.
Global vehicle sales totalled 5.55 This represents the largest year-on-year monthly decrease since 1980, when JATO Dynamics started to collect data—even surpassing the global financial crisis in November 2008, which saw a 25% decline in sales. China, Europe, and the US all posted double-digit declines in March.
Audi achieved new record figures in the Chinese market in the first half of the year, increasing unit sales in China including Hong Kong and Macau by 17.8% to 268,666 automobiles. In comparison, Audi reported June 2014 sales in the US of 16,867 vehicles, a 23.1% In the J.D.
In a new report, “ Battery Swapping for Electric Vehicles 2022-2032: Technology, Players and Forecasts ”, market research firm IDTechEx concludes that battery-swapping technology currently appears to be a winner in the two- and three-wheeler markets of the Asia-Pacific regions. Nio Power Swap stations. Heavy-duty sector. Moon et al.
Lexus is introducing its first battery electric vehicle (BEV), the UX 300e, at the Guangzhou International Automobile Exhibition. The UX 300e is scheduled to go on sale in the Chinese and European markets in 2020, and in Japan early in 2021.
The company plans to use the funds to expand its customer service, sales and manufacturing in Asia, with a focus on China. China is the leading global market for new energy buses, passenger rail, automobilesales and renewable wind power generation; Ioxus products directly benefit those applications.
China is targeting the cumulative production and sales of more than 5 million new energy vehicles, including fuel cell vehicles, by that time as well. However, generally speaking, the government continued, China has not achieved a breakthrough with new energy automobiles and core components of the key technologies.
CATL ) signed a cooperation agreement with Honda Motor in Tokyo to cooperate formally to develop electric vehicles for the future market. In 2016, Honda officially announced its strategy to accelerate electrification: its global sales of the electric vehicles including HEV, PHEV, and EV are to reach 65% of the group in 2030.
MCHG has also begun to consider the production and sale of anode materials in European countries and the United States. The market for Li-ion batteries for automobile applications is expected to grow about 30% annually on average. The production line is scheduled to start operation in the first half of fiscal 2023.
India’s sales of new vehicles totaled at least 4.25 million between January and November 2022, according to the Society of Indian Automobile Manufacturers (SIAM). Adding December’s sales volume reported Sunday by Maruti Suzuki, India’s largest carmaker, brings the total to roughly 4.25 New vehicles delivered in India totaled 4.13
(FHI), the manufacturer of Subaru automobiles, will debut its EyeSight driver assist technology in China. EyeSight’s launch on the Chinese market, following on from its introduction to the Japanese, Australian, North American and European markets, enables FHI to extend EyeSight’s deployment across markets globally.
Geely Auto Group (Geely Auto) officially announced the widely reported formation of Zeekr—a new electric mobility technology and solutions company based in China that will serve growing global demand for premium electric vehicles. Zeekr aims to deliver a new electric vehicle to market each year in the coming five years.
Against this backdrop, the company intends to start talks on the sale of its car plant in Hambach, France. In addition, the effects of the COVID 19 pandemic on the economy are creating new framework conditions in the market and in this context we are optimizing our global production network.
The BMW Group is in advanced discussions to ramp up the global success of its MINI brand through a new joint venture in China. A key element of the brand’s continued strategic development will be local production of future battery-electric MINI vehicles in the world’s largest market for electromobility.
China has issued its anticipated new regulation requiring most automakers to sell a minimum number of new energy vehicles (NEVs) (battery-electric and plug-in hybrid) annually from 2019 as part of the country’s broader effort to curb carbon emissions by reducing the use of fossil-fuel-powered vehicles.
Geely Automobile Group and Detroit Electric Inc. have entered into a strategic partnership to co-develop battery-electric vehicles and related electric drive systems for the Chinamarket. Under the terms of the partnership, the first EV model—the Emgrand EC7-EV, based on Geely’s Emgrand EC7—will go on sale in 2014.
Lynk & Co, a joint venture between Volvo Cars, Zhejiang Geely Holding and Geely Automobile, introduced in 2017, had in June 2020 sold a total of 309,255 of its 01, 02, 03 and 05 models. Geely Automobile, controlled by Zhejiang Geely Holding, also produce vehicles on the CMA platform. billion) in 2011 to SEK 274 billion (US$31.3
According to a new Leaderboard report from Navigant Research, Jiangsu Xinri E-Vehicle Company is the best positioned company in the global e-scooter market in terms of strategy and execution. Sales of e-scooters in China alone are expected to reach 9.4 Sales of e-scooters in China alone are expected to reach 9.4
At the International Forum on Chinese Automotive Industry Development, Honda Motor (China) Investment Co., Dongfeng Honda Automobile Co., and Honda Motor China Technology Co., Dongfeng Honda Automobile Co., and Honda Motor China Technology Co.,
Following growth in June and July, Audi AG increased its global sales year-on-year in August as well. increase in sales compared with 2016. Cumulative sales since January total around 1,202,400 units—2.6% The A6L, the bestselling Audi in the market, posted substantial growth, with sales up 12.0%
The continued growth of turbocharging technologies will be driven by requirements for manufacturers to meet global environmental emissions regulations and bolstered by strong demand in emerging markets. Regional growth projections. million turbocharged vehicles by 2019.
The automotive market has felt out of whack for quite some time. But consumers are tapped out and starting to notice theyre arguably getting less vehicle for their money than they used to and there is a wealth of data suggesting that the market is sincerely starting to struggle. But the outlook for 2025 hasnt been quite as rosy.
signed a cooperation framework agreement with Shanghai Maple Guorun Automobile Co., a 99% owned subsidiary of Geely Automobile Holdings Ltd. to engage in the investment, research and development, production, marketing and sales of electric vehicles in China. Zhejiang Kandi Vehicles Co.,
a member of China-based Guangzhou Automobile Group Co., Nidec has been expanding and strengthening its automotive motor business ( earlier post ), one of the company’s strategically critical businesses, by setting the business’ target sales amount to 700 billion to one trillion yen (US$6.5 billion to US$9.3 billion) in 2030.
Consumption of gasoline in China grew from 0.9 This continues a trend of significant growth in China’s transportation sector since the 1990s. Increasing oil demand is requiring increasing imports; since 2009, China has been importing more than half of its petroleum needs. China vehicle sales and gasoline consumption.
The production and sales of plug-in vehicles in China boomed last year, according to statistics from CAAM (China Association of Automobile Manufacturers). As for the sales, the total volume reached 74,763 units, 3.2 CAAM also reported that while in 2014, the sales of Chinese brand passenger cars increased by 4.1%
General Motors and its joint ventures’ retail deliveries rose 15% year-on-year to a record 327,037 vehicles in China in October, with Buick posting its best-ever monthly sales. Buick sales gained 42% in October, with monthly sales exceeding 100,000 units for the first time. Chevrolet sales declined 8.4%
Groupe Renault and Brilliance China Automotive Holdings Limited (Brilliance), who earlier this year formed Renault-Brilliance-Jinbei Automotive Co., Renault also confirmed plans for three new electric light commercial vehicles for China within two years. China is also the biggest, fastest growing EV-market in the world.
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