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Stellantis & Leapmotor joint venture gets approval from Chinese regulator

Teslarati

The joint venture between Stellantis and Leapmotor still needs regulatory approval in other markets. It acquired 20% of the Chinese automakers, making it a significant shareholder. The Chinese automaker also said that the executive team for its joint venture with Stellantis is in place as C10. billion in Leapmotor.

Chinese 94
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Chinese-made cars account for one in five BEV sales in February in Europe | Autocar Professional

Baua Electric

February 2024 was a positive month for the new car market in Europe. According to JATO Dynamics’ data from 28 European markets, a total of 988,116 passenger cars were registered during the month. This is the highest increase among the top 10 origins – allowing the market share for these vehicles to reach 4.0%, up from 3.0%

Chinese 52
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JATO: global vehicle sales fall by 39% in March; electrified vehicles up to 17.4% new registration market share in Europe

Green Car Congress

Global vehicle sales totalled 5.55 This represents the largest year-on-year monthly decrease since 1980, when JATO Dynamics started to collect data—even surpassing the global financial crisis in November 2008, which saw a 25% decline in sales. Registrations fell in all 27 markets, but with varying severity. million units.

Europe 261
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Audi sales in China rose 10.3% year-on-year in August; global sales up 5.0%

Green Car Congress

Following growth in June and July, Audi AG increased its global sales year-on-year in August as well. increase in sales compared with 2016. Cumulative sales since January total around 1,202,400 units—2.6% The A6L, the bestselling Audi in the market, posted substantial growth, with sales up 12.0%

Audi 150
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China’s Chery to set up shop in Europe

Baua Electric

Chinese automaker Chery is planning to make cars in Spain, where the EV market is at just 12%, half that of Portugal and France. Spain’s Industry Ministry said in a statement that the agreement would be formalized in the next few days, with Chery planning to start production in Barcelona, according to Reuters.

Chery 52
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Tesla helps catapult EV sales past diesel in Europe for first time ever

Teslarati

For the first time in the history of the European automotive market, electric vehicles outsold conventional diesel engine vehicles, according to new data from the European Electric Car Report. Data from EU-EVs shows that Tesla dominated all manufacturers in terms of EV sales, beating out second-place Volkswagen by nearly 11,000 units.

Europe 145
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Stellantis’ JV approved, gaining exclusive rights to build and sell Leapomotor EVs outside of China

Baua Electric

This deal is the first of its kind for a Western automaker and gives Stellantis the exclusive rights to build, export, and sell Leapmotor brand EVs outside of China, and it is already mulling some exciting markets for them. billion stake (21%) in Leapmotor – a prominent automaker in China.

China 52