Remove Automobile Remove Chinese Remove For Sale Remove Insight
article thumbnail

Struggle for China’s electrical SUV marketplace heats up at house and in another country

Baua Electric

The truth is “brutal” for legacy overseas manufacturers focused on the pile marketplace with mini SUVs priced beneath $40,000, corresponding to Ford, mentioned Le of Sino Auto Insights. “China has 100 vehicle brands vying for sales and a 50 percent capacity utilization rate,” CEO Mary Barra mentioned.

SUV 52
article thumbnail

JATO: global vehicle sales fall by 39% in March; electrified vehicles up to 17.4% new registration market share in Europe

Green Car Congress

The outbreak of COVID-19 has already impacted the automotive industry significantly, according to JATO Dynamics, a leading provider of global automotive data and insight. Global vehicle sales totalled 5.55 million units in March 2020, down by 39% from March 2019. Those most affected were city-cars, MPVs and subcompacts.

Europe 261
article thumbnail

Who is winning the green car race? Part II. The Green Piece

Green Cars News

Here we offer some insight into these newcomers and their potential impact on the future of green motoring. Chinese automaker BYD may have been founded in 2003, but it wasn’t until 2008 that it garnered mainstream attention when Berkshire Hathaway, led by Warren Buffet, bought a 10 per cent stake in its parent company. Tesla Motors.

article thumbnail

As Electric Car Makers Ante Up Billions, Software Is Ace in the Hole

Cars That Think

As a comparison , in 2011, there were only two battery electric and 29 hybrid electric vehicle models offered for sale in the US. Drivetrains Force Hard Choices "We are in the midst of a revolution, the ongoing digital redesign of the historically analog automobile," says Venkat N. Modify ICE or Go EV?

article thumbnail

Tesla Q1 2024 Earnings Call Transcript: April 23, 2024

Teslarati

Elon Musk: Yeah, and we do have some insight into how good the new things will be, in like, let’s say three or four months, because we have advanced models that are far more capable than what is in the car, but have some issues with them that we need to fix. How long would it take your best Chinese competitors to copy that?

Tesla 84