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million electric vehicles to be sold globally in 2019. BNEF said that it expects China will continue to lead, with some 1.5 million units—around 57% of the global market. China’s market is in transition, and the recent annual doubling of sales every year looks unlikely to hold in 2019.
EV sales expected to jump in 2025 to more than 20 million, with price parity reached in key markets, particularly in China and south-east Asia. The post Global EV sales to hit 20 million in 2025, as prices hit parity in key markets appeared first on The Driven.
Volvo Cars reported globalsales of 51,286 cars in February, up 22% compared to the same month last year and a record for the month of February. The sales growth was led by the company’s Recharge line up of fully electric and plug-in hybrid cars. Chinasales reached 13,066 cars, up 50% compared with February last year.
BloombergNEF (BNEF) is out with an aggressive forecast that projects electric vehicles taking up 57% of the global passenger car sales by 2040—slightly higher than it forecast a year ago—and electric buses with 81% of municipal bus sales by the same date. —Colin McKerracher, head of advanced transport for BNEF.
Volvo Cars achieved its eleventh consecutive month of sales growth as the company’s globalsales increased by 43% in May, compared with the same month last year. The growth was mainly driven by a strong demand in the US and, in Europe, a recovery from a sales drop in May last year related to the Covid-19 pandemic.
Global research firm Rho Motion has shared its monthly global EV sales report for April, which details continued long-term growth. While global EV sales are down compared to March 2025, the year-over-year tally remains strong, despite uncertainty amid the threat of tariffs and trade wars.
Volvo Cars reported globalsales of 60,398 cars in May, up 31% compared with the same month last year. For the first five months of the year, Volvo Cars sales reached 275,312 cars, up 14% compared to the same period during 2022. Sales in Europe for May reached 26,272 cars, an increase of 40% compared to last year.
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.
The Covid-19 crisis in 2020 triggered the largest annual drop in global energy-related carbon dioxide emissions since the Second World War, according to IEA data, but the overall decline of about 6% masks wide variations depending on the region and the time of year. China was the only major economy that grew in 2020.
We more than tripled sales of our plug-in hybrids and all-electric cars. Sales of plug-in hybrids almost quadrupled to more than 115,000 units. kWh/100 km) achieved sales of about 1,700 vehicles. With sales of 2,164,187 units (-7.5%), Mercedes-Benz maintained a leading global position compared with its core competitors.
The Chinese automaker continues to gain momentum in global NEV sales and does not expect to hit the brakes anytime soon. According to multiple sources, BYD aims to have half of its vehicle sales come from other markets outside China within the next five years.
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. Globally, the DM-i model also holds an important position.
Chinas EV leader is quickly making a name for itself in Europe. In April, BYD outsold Tesla in Germany and the UK as sales surged in the region. With new models on the way, this looks to be just the start of BYDs globalsales run.
Volkswagen Group China has begun construction of an all-new MEB plant at Volkswagen Anhui. The third of the Group’s pure-electric vehicle manufacturing facilities in China, following completion of the Anting (SAIC VW) and Foshan (FAW-VW) plants, the Volkswagen Anhui plant will be powered by green energy from day one.
BYD announced the official launch of its Han EV series, the brand’s long-awaited flagship offering for the global mid-to-large luxury sedan market, including three pure electric models and one hybrid model. The Han EV will be sold in China at first.
In 2019, Daimler Truck AG and CATL entered into a global lithium-ion battery cell modules supply agreement for electric series trucks including the Mercedes-Benz eActros, the Freightliner eCascadia and eM2. Now CATL is expanding globally, and has opened subsidiaries in Munich (Germany); Paris (France); Yokohama (Japan); and Detroit (USA).
The United States is the third-largest electric vehicle (EV) producer behind China and Europe; a new study from the International Council on Clean Transportation (ICCT) finds that the gap has widened. Cumulative electric vehicle sales and production from 2010 through 2020, in major regions (based on EV-Volumes, 2021). Source: The ICCT.
Volkswagen is expanding its global production network for electric vehicles by now starting to make the all-electric ID.4 million all-electric vehicles a year based on the MEB in the future at its sites in Europe, the US and China. 4’s start-up is on schedule, despite the global challenges during the two-year conversion phase.
Volvo Cars reported globalsales of 48,520 in January, up 2% compared to the same month last year. Sales of Volvo Cars´ Recharge models of fully electric and plug-in hybrid cars increased by 31% in January year-on-year, accounting for 40.7% of all Volvo cars sold globally during the month. compared with January last year.
An important lever for this is the adjustment and realignment of capacity within its global production network. Against this backdrop, the company intends to start talks on the sale of its car plant in Hambach, France. That is why we intend to start talks on the sale of the Hambach plant. The transformation to the CO?-neutral
of total California auto sales in 2021. The CEC updates its Zero Emission Vehicles (ZEV) sales figures quarterly by analyzing DMV data. Specifically, cumulative sales through the end of 2021 were: 663,014 BEV (62.9%). For sales in 2021 only, the shares were: 183,933 BEV (73.5%). From CEC New ZEV Sales dashboard.
In 2025, half of all new Porsche sales are expected to come from the sale of electric vehicles—again, all-electric or plug-in hybrid, said Oliver Blume, Chairman of the Executive Board of Porsche AG. In 2021, Porsche increased its deliveries in all globalsales regions. Sales in 2021 were €33.1 billion, €4.4
The C-HR and IZOA will be the first battery-electric vehicles (BEVs) to launch in China under the Toyota brand. Sales on the new models are slated to start from 2020. Toyota also showed the RHOMBUS, a battery electric vehicle concept car developed by TMEC, Toyota’s base for R&D in China. C-HR / IZOA EV.
Volvo Cars reported sales of 162,938 cars for Q1 2023, up 10% compared to the same period last year. The sales growth was mainly led by the company’s fully electric cars. For the month of March, Volvo Cars sold 63,132 cars globally, up 8% compared with the same month last year.
Ipsos’ new 2020 Global Mobility Navigator Study, focusing on Electrification, found global interest remained on par with the numbers from 2019. For example, over the last few years Ipsos has found the highest level of knowledge about BEVs in China. Source: Ipsos. —John Kiser.
In October, Volvo Cars globalsales reached 50,815 cars, down 22.2% of all cars being sold globally for the first 10 months to 31 October. of total sales, as the number of electrified vehicles continues to rise globally. Sales of Volvo Cars’ fully electric models reached 3.1% of the overall sales.
The global push to convert the world to electric vehicles will cause supply chain complexities that could undermine the alternative energy transition in the United States, according to a new report from Rice University’s Baker Institute for Public Policy. This surge occurred mostly in China, driven by steel manufacturing.
Among its findings are that asnnual government funding for hydrogen has reached $16 billion per year globally, up 40% from July 2021. Electrolyzer sales have more than doubled to 458MW in 2021 and are set to grow 4-5x this year. Almost two-thirds of these sales will happen in China. Forget about hydrogen cars.
There are also other companies in China that offer models with battery swap support, but for the taxi market. Nio has 1071 swap stations in China as of August 2022 but is gearing up to expand its sales and swap station facilities across Europe. Swapping to become more efficient by using smaller batteries.
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 —Felipe Munoz, JATO’s global analyst. China, Europe, and the US all posted double-digit declines in March.
These core business aims include: Accelerating electrification and achieving annual sales of 1.2 Becoming the number one brand in the global purpose-built vehicle (PBV) market by 2030. Becoming the number one brand in the global purpose-built vehicle (PBV) market by 2030. Starting with an annual globalsales goal of 3.15
Buick has strengthened its commitment to electrification in China with the launch of the VELITE 7 electric vehicle and VELITE 6 plug-in hybrid electric vehicle (PHEV). Under the new sales model, customers can check vehicle information, engage in purchase consultation and place an order directly with Buick through the iBuick app.
Ford announced a new global battery center of excellence—called Ford Ion Park—to accelerate research and development of battery and battery cell technology, including future battery manufacturing. In North America, the Ford Mustang Mach-E already has found early sales success.
Vehicle fuel economy improvements have slowed globally, according to the latest report from the Global Fuel Economy Initiative (GFEI): Fuel Economy In Major Car Markets: Technology And Policy Drivers 2005-2017. Overall, global fuel economy has improved by an average of 1.7% in the past two years.
Tesla China’s new vehicle registrations rose once more in Q1 2025’s third week. THE RESULTS: During the week of January 13-19, 2025, Tesla China saw 10,000 new vehicle registrations. For comparison, Tesla China saw7,800 registrations in the week of January 6 to January 19, 2025. In China, 10.0k YoY and -18.0%
Globalsales of total semiconductor manufacturing equipment by original equipment manufacturers are forecast to reach a new high of $103 billion in 2021, surging 44.7% The growth is expected to continue with the global total semiconductor manufacturing equipment market expanding to $114 billion by 2022. in 2021 to $7.8
Over the next five years, Volvo Cars will launch a fully electric car every year, as it seeks to make all-electric cars 50% of globalsales by 2025, with the rest hybrids. —Geert Bruyneel, head of global production operations. I am pleased to celebrate this momentous occasion with our employees here in Ghent.
Buick will introduce its first electric vehicle in China developed on GM’s Ultium platform later this year. The announcement came shortly after GM announced plans to roll out more than 15 Ultium-based models in China by 2025, and reinforced its commitment to making electric vehicles more connected and intelligent.
AERO concept electric sedan in China as a foretaste of the brand’s first global fully-electric sedan. The production version for China is expected to go on sale in the second half of 2023. 4, this model will be our next global car for Europe, China and the US. Volkswagen revealed the ID. Following the ID.4,
GWh of passenger EV battery capacity was deployed onto roads globally in 2021—a 113% increase over 2020—as battery-electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV) sales surged year-over-year, according to Adamas Intelligence. By cell supplier, China-based CATL took the lead in 2021 with a record 87.8
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.
The sale of Teslas made in China dropped by half in February, adding to the companys already mounting litany of woes, as its stock price continues its plunge and the… The post Tesla Chinasales halve in February as global rebellion against Musk accelerates appeared first on The Driven.
Volvo Cars reported sales of 47,561 cars in January, a decline by 20.2% Sales of Volvo Cars’ Recharge (electrified) models increased by 11.5% of all Volvo cars sold globally during the month. Sales of Volvo Cars’ Recharge (electrified) models increased by 11.5% of all Volvo cars sold globally during the month.
and China Petrochemical Corporation (Sinopec Group) have formed a 50:50 joint venture: Cummins Enze (Guangdong) Hydrogen Technology Co., Cummins Enze, located in Foshan, Guangdong Province in China, will initially invest $47 million (RMB 300 million) to locate a manufacturing plant to produce proton exchange membrane (PEM) electrolyzers.
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