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IHS Markit forecasts 18% drop in global vehicle sales YoY to 73.3M units under extended lockdown scenario

Green Car Congress

IHS Markit is projecting an 18% drop in global new vehicle sales year-on-year under an extended lockdown scenario to 73.3 Regionally, that breaks out to: -26% US vehicle sales decline YoY to 12.6 17% Europe vehicle sales decline YoY to 17.1 14% China vehicle sales decline YoY to 21.8 million units. million units.

Stimulus 221
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BYD sells 18,220 EVs in China in November, up 128% year-on-year

Green Car Congress

November sales of plug-in hybrids passenger vehicles hit 7,333, up by 2.9% Sales of pure-electric vehicles and plug-in hybrids January-November 2020 were 139,246 and 69,390, respectively, down by 19.9% China’s NEV industry was hit by the Covid-19 outbreak in this year’s first quarter. from October and by 127.8% on the year.

BYD 294
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Current issue of fka/Roland Berger E-mobility Index drops US to 4th place

Green Car Congress

The index—now in its tenth year—facilitates a comparison of competitive positions of the relevant automotive nations (the US, Germany, China, France, Italy, Japan and South Korea) in the field of e-mobility, based on an objective assessment of those countries in three key areas: technology, market and industry.

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China EV industry sell-off creates opportunity, says Morgan Stanley

CN EV Post

Shares of major Chinese electric vehicle (EV) makers have generally suffered a sell-off so far this year, as the sector's weak sales at the start of the year and recent widespread price wars have raised investor concerns.

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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 In recent weeks, Mainland China is seeing some recovery, while much of the rest of the world remains in lockdown.

Global 150
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ZAP, Zhejiang Jonway Partner to Target China and Export EV Markets

Green Car Congress

US-based electric vehicle provider ZAP and China auto manufacturer Zhejiang Jonway Automobile Co. have entered a commercial agreement to produce electric sport utility vehicles (SUVs), cars and other electric vehicles in China for domestic and global distribution. The Jonway A380. Click to enlarge. liter Mitsubishi engine.)

China 186
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Argus: China’s Southern Rare Earth ups Tb, Ho, Gd, Dy prices; rising magnet demand

Green Car Congress

Restocking demand from magnet manufacturing plants started to recover from mid-October because of limited rare earth feedstock inventories and a rise in magnet sales. Argus produces price assessments and analysis of international energy and other commodity markets, in addition to offering bespoke consulting services and conferences.

Price 170