Remove Chinese Remove Companies Remove Porsche Remove Sale
article thumbnail

Porsche warns supply chain issues are affecting EV production

Teslarati

Porsche AG has warned that supply chain issues were causing disruptions in its electric vehicle production. Despite this, the carmaker remained optimistic about its BEV sales target since luxury demand has proven resilient, but the issues could point to slower growth in China and Europe. Porsche’s deliveries also showed a 14.7%

Porsche 79
article thumbnail

Audi and FAW establishing new JV company for production of PPE-based EVs in China

Green Car Congress

Audi and FAW are forming a new new cooperation company for the future production of PPE-based electric vehicles in Changchun in the northeast of China. FAW Audi Sales Co., Audi has so far delivered almost 7 million vehicles on the Chinese market.

Audi 199
article thumbnail

Chinese battery company takes 22% stake in Valmet Automotive; strategic partnership for EVs

Green Car Congress

Simultaneously CATL has subscribed to new shares issued by Valmet Automotive for a 22 % ownership in the company. CATL is a private Chinese company developing, manufacturing and providing after-sales services of lithium-ion battery solutions for electric vehicles and energy storage markets.

Chinese 150
article thumbnail

Tesla analyst states Giga Shanghai production cut is “NOT” about Chinese competition

Teslarati

However, he also stated that if Tesla does cut Giga Shanghai production, it would “NOT” be due to competition from other Chinese EV automakers. Tesla Model Y production plays a crucial role in the company’s skyrocketing delivery numbers. So Tesla might decide to export Giga Shanghai’s vehicles to other markets.

Chinese 100
article thumbnail

Electric car and SUV sales jump 90% to 90,000 units in FY2024 | Autocar Professional

Baua Electric

In tandem with the handsome growth of the e-two-wheeler and e-three-wheeler segment, the electric passenger vehicle segment, which comprises cars, SUV and MPVs, has also registered record retail sales. In mid-January 2024, the company launched the new XUV400 Pro range , with prices starting from Rs 15.49 lakh, going up to Rs 17.49

SUV 52
article thumbnail

GWM Ora Sport on ice, but sleek high-performance EV could still get the tick of approval as a sporty rival to Tesla, BYD

EV Central

The sleek five-door with styling similarities to a Porsche Panamera is instead being put on ice as the fast-growing Chinese giant monitors the evolution of the local EV line-up. That’s made the Ora the most affordable EV on the market in recent months, something that has done little to boost sales.

BYD 105
article thumbnail

Volkswagen faces mounting pressure from Tesla and BYD

Teslarati

Volkswagen faces mounting pressure to keep up with Tesla and Chinese automakers in the transition to battery-electric vehicles (BEVs), and its success in doing so could have major implications. Volkswagen had just around 145,000 sales. Our companies are mainly generating their profits abroad, helping to keep jobs in Germany.

BYD 104