Remove Chinese Remove Global Remove Sale Remove South America
article thumbnail

JATO: Global car sales up by 2.8% in Q1 2016 due to SUV boost in China and Europe

Green Car Congress

million LCVs and passenger car units were sold across all segments globally in Q1 2016—a 2.8% increase (558,700 more units) on the same period in 2015—largely driven by growth in the Chinese and European markets. Sales of SUVs in Europe (including Russia and Turkey) gave the overall market a boost with 20% growth and 1.11

2016 150
article thumbnail

Volkswagen picks up pace of transformation with new ACCELERATE strategy

Green Car Congress

In South America and the United States, Volkswagen is striving to break even in the current fiscal year. The company can now post a profit in North America with a decrease in sales volumes of around 15% and in South America with sales volumes down by as much as 30%. Faster expansion of e-mobility.

article thumbnail

BYD issues discount in China as the EV price battle continues

Teslarati

While the effects of Tesla’s price cuts earlier this year have certainly been felt in western markets, the impact has been even more profound in China, where Tesla is locked in a head-to-head battle for EV sales dominance with BYD. The automaker has issued a discount for customers to reserve a BYD Seal EV sedan or Song Plus EV SUV.

BYD 85
article thumbnail

BYD to slash EV prices even more with new platform as it looks to crush ICE car sales

Baua Electric

After surpassing Tesla to become the largest EV maker globally in the last three months of 2023, BYD says Tesla is not the competition. Although BYD isn’t planning to launch passenger EVs in the US, it is taking market share in key global markets, including Europe, Japan, South America, and Thailand.

BYD 52
article thumbnail

Here’s how China’s BYD is working on its image problem

Baua Electric

While European automakers have been shifting over to direct sales à la Tesla, China’s BYD, for Build Your Dreams, along with Chinese peers Xpend and Great Wall Motor are looking to dealers to build sales and provide networks to help their brands build solid reputations and trust among Europeans. Last year, the company sold 1.6

BYD 52
article thumbnail

Report: Ford CEO Says China Strategy Changing

The Truth About Cars

Ford Motor Company is tweaking plans in China and seeking to turn around financial losses after five years of lackluster sales within the region. So far, direct sales haven’t been a part of that. Ford has introduced new models specifically designed to cater to Chinese customers. But it doesn’t appear to be for a lack of trying.

China 94
article thumbnail

China says it will ‘rein in’ the flood of EVs coming our way

Baua Electric

BYD Atto 3 (Source: BYD) Europe and the US say that Chinese EV development is running wild and unchecked and on the verge of overwhelming the global market with, well, EVs the rest of the world can’t compete with. million fully battery-electric vehicles last year, overtaking Telsa in overall BEV sales.

China 52