Chinese electric vehicles see more sales in developing countries
7 months, 4 weeks ago

Chinese electric vehicles see more sales in developing countries

China Daily  

Marelli's booth at the 2024 Beijing International Automotive Exhibition. Developing countries have more potential to increase their adoption of Chinese-made electric vehicles once they expand their associated infrastructure in the years ahead, said a senior foreign business leader. Speaking at its booth during the ongoing 2024 Beijing International Automotive Exhibition, David Slump, president and CEO of Marelli Holdings Co Ltd, an Italian-Japanese mobility product supplier to the automotive industry, said that the company can ride China's electric vehicle wave by supplying products from automotive lighting and electronics to software solutions to its partners in the country. Dismissing some Western nations' "China overcapacity" narrative, Slump said that China, recognized globally as a major EV market and home to some of the world's leading EV manufacturers, will create substantial opportunities for global companies aiming to sustain robust growth in this burgeoning sector. According to data from the Beijing-based China Association of Automobile Manufacturers, local and international automakers in China manufactured a record 30.16 million vehicles last year.

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History of this topic

British car production plunges to its lowest level in more than four decades - as automakers struggle to deal with falling demand
4 days, 2 hours ago

British car production plunges to its lowest level in more than four decades - as automakers struggle to deal with falling demand

Daily Mail  

British car production has plunged to its lowest level in more than 40 years as automakers struggle to deal with falling demand. Around 64,216 new cars rolled off UK production lines last month, down 30 per cent from last year, according to industry body the Society of Motor Manufacturers and Traders. So far this year, car production is down nearly …

Audi’s Rebrand in China Points to Bigger Changes in the Auto Industry
1 week, 4 days ago

Audi’s Rebrand in China Points to Bigger Changes in the Auto Industry

Wired  

It’s also a rejiggering for the German automaker, which entered China in the late 1980s and became, thanks to a partnership with domestic manufacturer FAW, the first global premium brand to adapt its autos to the Chinese market. “I want to evolve it further.” The brand tweaking also points to deeper dynamics in the Chinese market, where global automakers well …

China's auto sector achieves strong growth in November
1 week, 5 days ago

China's auto sector achieves strong growth in November

China Daily  

Xinhua | Updated: 2024-12-12 11:21 Chinese new energy vehicle startup Leapmotor showcases its models at the 2024 Guangzhou auto show in November. CAO YINGYING/CHINA DAILY BEIJING -- China's auto production rose 11.1 percent year-on-year to 3.44 million units in November 2024, while sales climbed 11.7 percent from a year earlier to 3.32 million units, industrial data showed Wednesday. In the …

Chinese EV companies set to shine at Thailand expo
2 weeks, 4 days ago

Chinese EV companies set to shine at Thailand expo

China Daily  

Chinese EV companies set to shine at Thailand expo By Yang Wanli in Bangkok China Daily Updated: Dec 06, 2024 Reporters visit the BYD exhibition area during the 41st Bangkok International Motor Expo on Thursday. YANG WANLI/CHINA DAILY Chinese electric vehicle brands are among the most anticipated participants at the 41st Bangkok International Motor Expo, which kicks off on Friday. …

China automakers pivot to hybrids for Europe to counter EV tariffs
2 weeks, 4 days ago

China automakers pivot to hybrids for Europe to counter EV tariffs

Live Mint  

* China hybrid exports to Europe to grow 20% this yr, analyst says * Chinese automakers challenge European and Japanese dominance * Cheaper and more fuel-efficient models to enter the market SHANGHAI, - Automakers in China are ramping up exports of hybrid vehicles to Europe and planning more models for the key market, exposing the limits of the European Union's …

Nation poised to hold more than half of global EV fleet by 2025
3 weeks, 4 days ago

Nation poised to hold more than half of global EV fleet by 2025

China Daily  

By Liu Yukun | China Daily | Updated: 2024-11-29 08:59 Potential car buyers check out an NEV in Xiangyang, Hubei province. YANG DONG/FOR CHINA DAILY International consulting firm Gartner recently forecast that global electric vehicle ownership would rise significantly to hit 85 million by 2025, with China accounting for over half of the global EV fleet. Experts highlight that as …

China sees more auto trade-ins on policy support
1 month ago

China sees more auto trade-ins on policy support

China Daily  

Cars that are part of a vehicle trade-in program are on display at an auto expo in Yantai, Shandong province. BEIJING - China reported a rapid increase in auto trade-ins thanks to policy support designed to benefit consumers. The Ministry of Commerce said Tuesday it had received over 4 million subsidy applications for trade-ins of passenger vehicles as of Monday …

China sees more auto trade-ins on policy support
1 month ago

China sees more auto trade-ins on policy support

China Daily  

Xinhua | Updated: 2024-11-19 16:46 Cars that are part of a vehicle trade-in program are on display at an auto expo in Yantai, Shandong province. BEIJING - China reported a rapid increase in auto trade-ins thanks to policy support designed to benefit consumers. The Ministry of Commerce said Tuesday it had received over 4 million subsidy applications for trade-ins of …

China reports sharp increase in EV charging facilities
1 month, 3 weeks ago

China reports sharp increase in EV charging facilities

China Daily  

BEIJING -- The number of charging piles for electric vehicles in China reached 11.43 million as of the end of September this year, marking an increase of 49.6 percent from a year ago, latest government data showed. Among them, around 3.33 million were public charging facilities while 8.1 million were private, according National Energy Administration data. Based on a total …

The EU will impose duties on electric vehicle imports from China from Thursday
1 month, 3 weeks ago

The EU will impose duties on electric vehicle imports from China from Thursday

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Chinese carmakers sell fewest EVs in Europe since February 2023
2 months, 3 weeks ago

Chinese carmakers sell fewest EVs in Europe since February 2023

Hindustan Times  

Chinese manufacturers sold the fewest electric cars in 18 months to customers across Europe, with registrations falling by nearly half in August from a year earlier. MG, the British nameplate that’s now part of SAIC Motor Corp., lost its top spot across Europe to Chinese rival BYD Co., according to Jato Dynamics, which also tracks the automotive market. Uncertainty tied …

Chinese EV sales in Latin America zoom
3 months, 1 week ago

Chinese EV sales in Latin America zoom

China Daily  

Workers assemble a chassis at the BYD solar panel and electric bus chassis production facility in Campinas, Sao Paulo state, Brazil, in November. JONNE RORIZ/GETTY IMAGES Made-in-China electric vehicles are winning over car buyers across Latin America and reshaping views about Chinese products. The advanced technology and competitive pricing of Chinese vehicles — EVs as well as traditional cars — …

Chinese EV sales in Latin America zoom
3 months, 1 week ago

Chinese EV sales in Latin America zoom

China Daily  

By JIMENA ESTEBAN in Buenos Aires | China Daily Global | Updated: 2024-09-11 09:25 Workers assemble a chassis at the BYD solar panel and electric bus chassis production facility in Campinas, Sao Paulo state, Brazil, in November. JONNE RORIZ/GETTY IMAGES Made-in-China electric vehicles are winning over car buyers across Latin America and reshaping views about Chinese products. The advanced technology …

Chinese EV sales in Latin America zoom
3 months, 1 week ago

Chinese EV sales in Latin America zoom

China Daily  

Workers assemble a chassis at the BYD solar panel and electric bus chassis production facility in Campinas, Sao Paulo state, Brazil, in November. JONNE RORIZ/GETTY IMAGES Made-in-China electric vehicles are winning over car buyers across Latin America and reshaping views about Chinese products. The advanced technology and competitive pricing of Chinese vehicles — EVs as well as traditional cars — …

Glory days for automakers like Ford, General Motors in China are over
3 months, 3 weeks ago

Glory days for automakers like Ford, General Motors in China are over

CNN  

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. The rapid rise of China’s homegrown electric vehicle makers, such as BYD and Xpeng, is upending the largest passenger car market on the planet and leaving the world’s biggest carmakers on the losing …

African development gets Chinese push
3 months, 3 weeks ago

African development gets Chinese push

China Daily  

An Africa-bound freight train leaves Zhuzhou, Hunan province. CHEN SIHAN/XINHUA At a factory in Port Elizabeth, South Africa, workers in blue uniforms meticulously assemble vehicles, while another team maneuver around 300 sport utility vehicles and sedans into a staging area. These cars, manufactured at Chinese carmaker Beijing Automotive Group Co's plant, will be delivered to its customer, South African Airways, …

African development gets Chinese push
3 months, 3 weeks ago

African development gets Chinese push

China Daily  

An Africa-bound freight train leaves Zhuzhou, Hunan province. CHEN SIHAN/XINHUA At a factory in Port Elizabeth, South Africa, workers in blue uniforms meticulously assemble vehicles, while another team maneuver around 300 sport utility vehicles and sedans into a staging area. These cars, manufactured at Chinese carmaker Beijing Automotive Group Co's plant, will be delivered to its customer, South African Airways, …

African development gets Chinese push
3 months, 3 weeks ago

African development gets Chinese push

China Daily  

An Africa-bound freight train leaves Zhuzhou, Hunan province. CHEN SIHAN/XINHUA At a factory in Port Elizabeth, South Africa, workers in blue uniforms meticulously assemble vehicles, while another team maneuver around 300 sport utility vehicles and sedans into a staging area. These cars, manufactured at Chinese carmaker Beijing Automotive Group Co's plant, will be delivered to its customer, South African Airways, …

African development gets Chinese push
3 months, 3 weeks ago

African development gets Chinese push

China Daily  

An Africa-bound freight train leaves Zhuzhou, Hunan province. CHEN SIHAN/XINHUA At a factory in Port Elizabeth, South Africa, workers in blue uniforms meticulously assemble vehicles, while another team maneuver around 300 sport utility vehicles and sedans into a staging area. These cars, manufactured at Chinese carmaker Beijing Automotive Group Co's plant, will be delivered to its customer, South African Airways, …

Chinese EV giant BYD posts 24.4% rise in profit
3 months, 3 weeks ago

Chinese EV giant BYD posts 24.4% rise in profit

Hindustan Times  

Leading Chinese automaker BYD posted on Wednesday a 24.4 percent rise in net profit for the first half of 2024, boosted by continuing strong demand for electric cars in its home and overseas markets. Chinese EV giant BYD posts 24.4% rise in profit The company posted a net profit of $1.91 billion in the January-June period, up from $1.54 billion …

Chinese electric cars will be dumped in Britain, experts warn
4 months, 1 week ago

Chinese electric cars will be dumped in Britain, experts warn

The Telegraph  

Chinese electric cars will be funnelled towards Britain as manufacturers seek to avoid punishing European Union tariffs, analysis predicts. However, the analysis said Chinese brands see Britain as a particularly attractive market for right-hand drive cars because of tough policies such as the zero emission vehicle mandate, which compels car makers to sell rising proportions of EVs. “The UK is …

Smart features drive up Chinese carmakers
4 months, 1 week ago

Smart features drive up Chinese carmakers

China Daily  

Su Jun, president of J.D. Smart onboard functions have enabled Chinese automotive startups to make foray into high-end markets and compete with established global giants, said a senior J.D. "Smart NEVs have won the heart of Chinese car buyers," said Su Jun, president of J.D. Smart cockpit technologies are more widely accepted by new vehicle owners in China and are …

New energy vehicles dominate delivery figures for first time
4 months, 1 week ago

New energy vehicles dominate delivery figures for first time

China Daily  

The 2024 L9 model displayed at the Li Auto booth attracts visitors' attention during the 21st Changchun International Auto Expo in Changchun, capital of Jilin province, in July. TANG KE/FOR CHINA DAILY Retail sales of new energy vehicles accounted for 51.1 percent of total passenger vehicle deliveries in China in July, outnumbering conventional internal combustion engine vehicles for the first …

Tariff hike fears drive Chinese EV sales
4 months, 3 weeks ago

Tariff hike fears drive Chinese EV sales

China Daily  

BYD's electric models attract visitors at a new energy auto expo in Beijing. The surge in Chinese electric vehicle sales across Europe in June was mainly driven by looming tariff threats, newly released data reveal. According to analytics company Dataforce, Chinese carmakers captured a record 11 percent of the European EV market in June. In early July, the EU announced …

Tariff hike fears drive Chinese EV sales
4 months, 3 weeks ago

Tariff hike fears drive Chinese EV sales

China Daily  

By JULIAN SHEA in London | China Daily Global | Updated: 2024-08-01 09:30 BYD's electric models attract visitors at a new energy auto expo in Beijing. The surge in Chinese electric vehicle sales across Europe in June was mainly driven by looming tariff threats, newly released data reveal. According to analytics company Dataforce, Chinese carmakers captured a record 11 percent …

Shandong manufacturers contributing to country's industrial innovation, reform
4 months, 3 weeks ago

Shandong manufacturers contributing to country's industrial innovation, reform

China Daily  

This undated photo shows industrial robots working on a production line in a factory in Shandong province. With the development of sci-tech innovation and continuous breakthroughs of artificial intelligence technology, industrial robots are also gradually being used in wider cases. "We will continue to invest in innovation in robots, in making them more adaptable for wider application, and by integrating …

EV: Keys for climate fight wins
5 months ago

EV: Keys for climate fight wins

China Daily  

WANG XIAOYING/CHINA DAILY Every summer is a reminder of the urgency of climate change. In 2023, the number had soared to 9.50 million, even though purchasing subsidies was started to be phased out from 2016 and completely done around 2022.The high penetration rate of new energy vehicles in China stems from its large production capacity and cost effectiveness, which functions …

Hongqi to launch two EVs in Europe
5 months, 1 week ago

Hongqi to launch two EVs in Europe

China Daily  

A Hongqi Guoyao SUV is displayed during the Changchun International Auto Expo in Jilin province. Chinese automaker Hongqi will launch two electric vehicle models later this year in Europe, according to Reuters. Hongqi said late last week the EH7 and EHS7 models will hit the market in a number of European countries - including Norway, the Netherlands, Switzerland, Denmark, Iceland …

China's auto sector registers growth momentum in H1
5 months, 1 week ago

China's auto sector registers growth momentum in H1

China Daily  

BYD's electric models attract visitors at a new energy auto expo in Beijing. In the first six months, China's auto production reached about 13.89 million units, up 4.9 percent year-on-year, the data shows. In the meantime, auto sales stood at 14.05 million units, increasing 6.1 percent from the same period last year. China's auto exports stood at around 2.79 million …

Chinese auto exports surge, partly offsetting a sales slump at home
5 months, 1 week ago

Chinese auto exports surge, partly offsetting a sales slump at home

Associated Press  

BEIJING — Chinese auto sales slumped in June as the domestic economy remained sluggish, but buoyant exports offset the decline at home, an industry association said Wednesday. Sales in China dropped 7.4% compared to a year earlier to 1.8 million cars, while exports rose 29% to 400,000 units, the China Association of Automobile Manufacturers said in a monthly report. The …

China's passenger car exports up 28% in June
5 months, 2 weeks ago

China's passenger car exports up 28% in June

China Daily  

BYD vehicles bound for Brazil await shipment in Lianyungang, Jiangsu province. BEIJING - China's exports of passenger vehicles hit 378,000 units in June, marking a 28 percent increase year-on-year and staying flat compared to the previous month, the latest data showed. With the South American market recovering, exports of Chinese-brand cars hit 325,000 units in June, up 31 percent year-on-year, …

China achieves record high new energy vehicle registrations in H1
5 months, 2 weeks ago

China achieves record high new energy vehicle registrations in H1

China Daily  

A view of a charging station that utilizes photovoltaic storage systems in Yiyuan county, Shandong province, in May 2023. ZHU ZHENG/XINHUA BEIJING - A record 4.397 million new energy vehicles were newly registered in China in the first half of the year, bringing the total number of NEVs on the road to 24.72 million by the end of June, said …

Tesla included into Chinese government purchase list
5 months, 2 weeks ago

Tesla included into Chinese government purchase list

China Daily  

Potential car buyers seen at a Tesla showroom in Shanghai. CHINA DAILY Tesla Inc has been included into a government procurement list of East China's Jiangsu province, which marked the United States electric vehicle giant's first time entry into a local government purchasing list in China. The move came at a time when Tesla proposed to test its robotaxi and …

Chinese automaker Geely reports 56% revenue growth in Q1
5 months, 3 weeks ago

Chinese automaker Geely reports 56% revenue growth in Q1

China Daily  

Visitors watch an AI digital chassis of Geely at the 2024 Beijing International Automotive Exhibition in Beijing, China, April 30, 2024. SHANGHAI -- Chinese automaker Geely Automobile Holdings Limited reported year-on-year revenue growth of 56 percent in the first quarter of this year, with its net income soaring 119 percent during the period, according to its Q1 financial report released …

Chinese carmakers to possess 33% market share by 2030: report
5 months, 3 weeks ago

Chinese carmakers to possess 33% market share by 2030: report

China Daily  

An exterior view of the first dealership opened by Chinese carmaker BAIC, April 6, 2023, in Russia. Chinese branded carmakers are expected to take up 33 percent of the overall global market share by 2030 according to a report by Global consulting firm AlixPartners, financial news outlet Cailian Press reported on Friday. Sales volume of Chinese-branded vehicles in the overseas …

German car manufacturers under pressure
5 months, 4 weeks ago

German car manufacturers under pressure

China Daily  

LI MIN/CHINA DAILY There is still time for the EU and China to avoid new tariffs and agree on local content requirements that serve all In mid-June, after months of investigation, the European Commission announced potential import tariffs on battery electric vehicles from China in the range of 17 to 38 percent, differentiated by manufacturer. However, when we look at …

China's consumer goods trade-in program spurs car, home appliance sales
5 months, 4 weeks ago

China's consumer goods trade-in program spurs car, home appliance sales

China Daily  

Visitors watch a new energy vehicle equipped with Huawei's Qiankun system at the 2024 Beijing International Automotive Exhibition in Beijing, China, April 25, 2024. BEIJING -- A consumer goods trade-in program rolled out by the Chinese government in March has spurred rising sales of products such as cars, home appliances and furniture. In May, retail sales of cars exceeded 2.27 …

German car manufacturers under pressure
5 months, 4 weeks ago

German car manufacturers under pressure

China Daily  

LI MIN/CHINA DAILY There is still time for the EU and China to avoid new tariffs and agree on local content requirements that serve all In mid-June, after months of investigation, the European Commission announced potential import tariffs on battery electric vehicles from China in the range of 17 to 38 percent, differentiated by manufacturer. However, when we look at …

China's NEV penetration to hit new high of 49.1% in June: survey
6 months ago

China's NEV penetration to hit new high of 49.1% in June: survey

China Daily  

A view of a charging station that utilizes photovoltaic storage systems in Yiyuan county, Shandong province, in May 2023. ZHU ZHENG/XINHUA BEIJING - The penetration rate of new energy vehicles in China, a gauge of popularity, is expected to hit a new high of 49.1 percent in June, as the market continues to grow steadily amid intensifying competition, an industry …

Foreign businesses optimistic about China opportunities
6 months ago

Foreign businesses optimistic about China opportunities

China Daily  

As one of the first batch of foreign companies that invested in China, Bosch sees the company's great potential for growth in China's emerging sectors, especially that of electric vehicles and hybrid energy. China boasts a huge potential for foreign enterprises and entrepreneurs to innovate and thrive, whether they are established business or emerging industries, said foreign business leaders in …

Beijing E-town welcomes a new lithium-ion battery factory
6 months ago

Beijing E-town welcomes a new lithium-ion battery factory

China Daily  

The Beijing Economic-Technological Development Area has gathered a group of leading vehicle manufacturers, including Beijing Benz and Xiaomi Auto. "The Beijing Economic-Technological Development Area has gathered a group of leading new energy vehicle manufacturers, holding enormous market potential," said the company. The high-end and new energy automobile industry in Beijing E-town has an annual output value exceeding 200 billion yuan, …

Chinese cars making inroads Down Under
6 months, 1 week ago

Chinese cars making inroads Down Under

China Daily  

It was not all that long ago when Australian roads were dominated by cars from the United States, Europe, Japan and South Korea. He told China Daily: "At the time Australia still had a domestic car sector which made entry all that more difficult for new entrants to the market. "Chinese EVs are cheaper in Australia than in Europe or …

For China’s booming EV industry, US and EU markets a tough nut to crack
6 months, 1 week ago

For China’s booming EV industry, US and EU markets a tough nut to crack

Al Jazeera  

Chinese EVs are facing a slew of tariffs in Western markets as policymakers fear local brands cannot compete on price. “Many Chinese EVs are made with excellent materials and have been put together well – they are high-quality cars,” Berner, a mechanical engineer by trade, told Al Jazeera. So far, Beijing has called the EU tariff hikes a “typical case …

The brutal truth about the West’s war on Chinese electric cars
6 months, 1 week ago

The brutal truth about the West’s war on Chinese electric cars

The Telegraph  

Which companies will be hit the hardest by the European Union’s crackdown on Chinese electric vehicles? Western manufacturers such as Tesla and BMW – which make cars in China and then ship them to Europe – risk being the biggest losers from the EU’s tough new tariffs crackdown on EV imports. At least, that’s the counter-intuitive conclusion being drawn by …

Europe wants affordable electric vehicles from China. But not at the cost of its own auto industry
6 months, 1 week ago

Europe wants affordable electric vehicles from China. But not at the cost of its own auto industry

Associated Press  

FRANKFURT, Germany — The European Union moved Wednesday to hike tariffs, or import taxes, on electric vehicles made in China. The European Commission, the EU’s executive arm, said the preliminary results of its ongoing investigation into Chinese EV subsidies show that the country’s battery electric vehicle “value chain” benefits from “unfair subsidization” that hurts EU rivals. The commission took aim …

Europe wants affordable electric vehicles from China. But not at the cost of its own auto industry
6 months, 1 week ago

Europe wants affordable electric vehicles from China. But not at the cost of its own auto industry

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The European Commission, the EU’s executive arm, said the …

While the US and EU are putting up barriers to Chinese cars, Australians are buying them at record levels
6 months, 3 weeks ago

While the US and EU are putting up barriers to Chinese cars, Australians are buying them at record levels

ABC  

Australia's roads have long been dominated by the auto giants of Japan, Germany and the United States but China is fast earning its spot in the garage of glory. Marina Zhang, from the University of Technology Sydney's Australia-China Relations Institute, said while "substantial industrial policies and financial subsidies" had helped its EV industry mature, China also had several competitive advantages. …

Chinese autos looking to meet global demand
6 months, 3 weeks ago

Chinese autos looking to meet global demand

China Daily  

Consumers experience a BYD electric vehicle at a dealership in Mengzi, Yunnan province, in May. Due to cost-effectiveness, improved quality and efficient after-sales service, Chinese new energy vehicles have steadily gained a larger market share by offering affordable solutions to green transition drives in more countries, especially developing economies. Most recently, Chinese NEVs and auto parts manufacturers are increasingly setting …

Chinese autos looking to meet global demand
6 months, 3 weeks ago

Chinese autos looking to meet global demand

China Daily  

Consumers experience a BYD electric vehicle at a dealership in Mengzi, Yunnan province, in May. Due to cost-effectiveness, improved quality and efficient after-sales service, Chinese new energy vehicles have steadily gained a larger market share by offering affordable solutions to green transition drives in more countries, especially developing economies. Most recently, Chinese NEVs and auto parts manufacturers are increasingly setting …

Foreign carmakers continue to expand production in China
6 months, 3 weeks ago

Foreign carmakers continue to expand production in China

China Daily  

The groundbreaking ceremony of Tesla's mega factory in Shanghai, May 23, 2024. Many foreign automotive manufacturers have doubled down on their investments in China: Volkswagen AG established its largest R&D center outside Germany in China, focusing on the research of intelligent connected vehicles. Tesla's Shanghai mega factory has become the company's major export hub in the world, accounting for more …

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