Tesla delivers 88,869 China-made EVs in March: Report
1 year, 9 months ago

Tesla delivers 88,869 China-made EVs in March: Report

Hindustan Times  

Tesla sold 88,869 units of China-made electric vehicles in March for both domestic sales and exports, up 35.0% from a year ago, data published by the China Passenger Car Association showed on Tuesday. By comparison, BYD sold 206,089 units last month with its Dynasty and Ocean series of EVs and hybrids, up 97.5% from a year ago, CPCA data showed. Globally, Tesla posted record quarterly vehicle deliveries in the January to March period, but quarter-on-quarter sales growth was modest despite price cuts as rising competition and a bleak economic outlook weighed. Tesla's retail sales in China are poised to show the best quarter in the first three months, data from China Merchants Bank International showed, totalled 122,801 units as of March 26 and accounting for 13% in China's new energy car sales, which includes both pure electric and plug-in hybrid cars.

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History of this topic

Elon Musk's Tesla sees first sales drop since 2011 as competition rises, Trump support holds back customers
1 week ago

Elon Musk's Tesla sees first sales drop since 2011 as competition rises, Trump support holds back customers

Hindustan Times  

For the first time since 2011, Elon Musk's electric vehicle, Tesla, saw its sales drop by 1.1% in 2024, news agency Associated Press reported, citing the company's sales figures. Tesla CEO and X owner Elon Musk listens as US President-elect Donald Trump speaks during a meeting with House Republicans at the Hyatt Regency hotel in Washington, DC, U.S. on November …

Ten cars from European and US brands you might not know are made in China
1 week, 1 day ago

Ten cars from European and US brands you might not know are made in China

Daily Mail  

A recent poll of UK drivers found that more Britons are coming around to the prospect of buying and driving a Chinese car. BMW iX3 The BMW iX3 is the first model built for export at the German giant's Shenyang factory in China operated by the joint venture BMW Brilliance Automotive Arriving to the UK market in summer 2021, the …

Tesla sees first drop in number of cars delivered in nine years sending stock tumbling
Trending News
1 week, 1 day ago

Tesla sees first drop in number of cars delivered in nine years sending stock tumbling

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Tesla's global annual sales …

Tesla’s global vehicle deliveries fell in 2024 for the first time in years
Top News
1 week, 1 day ago

Tesla’s global vehicle deliveries fell in 2024 for the first time in years

Live Mint  

Tesla’s global vehicle deliveries fell in 2024 for the first time in more than a decade, after a surge of promotional deals in the fourth quarter failed to stimulate sales enough to top the prior-year results. The result—a quarterly record—was up about 2% from a year earlier, but it fell short of the roughly 515,000 vehicles it needed to sell …

Tesla sales dropped 1.1% in 2024, its first annual decline in a dozen years
1 week, 1 day ago

Tesla sales dropped 1.1% in 2024, its first annual decline in a dozen years

Associated Press  

DETROIT — Tesla posted its first annual sales drop in more than a dozen years Thursday, undercutting a stock that has soared since Donald Trump’s victory on optimism Elon Musk’s close relationship to the president-elect will help the company. “And the first part of this grand strategic vision has taken shape.” The fourth-quarter sales, while a record for Tesla, show …

China’s Late-Year EV Sales Boom Gives Way to Rocky 2025 View
1 week, 2 days ago

China’s Late-Year EV Sales Boom Gives Way to Rocky 2025 View

Live Mint  

Chinese electric vehicle makers led by BYD Co. saw a late-2024 sales boom that’s set to give way to another bruising year as carmakers face risks to demand both at home and abroad. Zhejiang Geely Holding Group Co.’s premium electric car brand Zeekr saw sales climb 87% to 222,123 last year, missing its 230,000 goal. Growing trade tensions with key …

Tesla posts its first-ever annual sales drop
1 week, 2 days ago

Tesla posts its first-ever annual sales drop

CNN  

New York CNN — Tesla reported the first full-year drop in sales in its history as a public company Thursday, as increased competition and slowing demand for electric vehicles hit its results. Tesla’s full-year sales of 1.8 million vehicles nonetheless edged out BYD’s annual EV total by 24,000, to retain the title of world’s largest EV maker. Tesla at one …

Tesla’s annual sales fall for first time in company history
1 week, 2 days ago

Tesla’s annual sales fall for first time in company history

LA Times  

Tesla sales declined for the first time in the company’s history last year, the company reported Thursday, reflecting what analysts said was a lack of new models in an increasingly competitive market for electric vehicles. Given the company’s commanding lead in electric vehicle market share, slow or no growth at Tesla adds another challenge to California Gov. Tesla, once a …

Tesla reports sales drop for 2024, first annual decline in at least 9 years
1 week, 2 days ago

Tesla reports sales drop for 2024, first annual decline in at least 9 years

LA Times  

Tesla’s global annual sales fell for the first time in at least nine years in 2024. Tesla’s global annual sales fell for the first time in at least nine years, with a 2.3% increase in the final quarter not enough to overcome a sluggish start to 2024 despite offers of 0% financing, free charging and low-priced leases. Analysts polled by …

Successes and fails of fierce auto sector
1 week, 5 days ago

Successes and fails of fierce auto sector

China Daily  

By LI FUSHENG | China Daily | Updated: 2024-12-30 10:15 Visitors check out BYD's booth for its Yangwang series at the Guangxi-ASEAN International Auto Show 2024 held from Dec 5 to 9. But the overall picture is rosy: new energy vehicle sales are expected to hit a record 13 million units in 2024, according to the China Association of Automobile …

End of tax incentive results in cheap second hand Tesla’s being sold
1 week, 5 days ago

End of tax incentive results in cheap second hand Tesla’s being sold

NL Times  

A surge in the supply of second-hand electric cars has led to a significant drop in prices for many vehicles, particularly Teslas, which are now hitting the second-hand market after being leased. Rico Luman, a car market analyst for ING, said the price drop has made electric cars, including Teslas, more attractive to buyers. Still, many second-hand Teslas, particularly the …

US, EU can ride the tide of China's EV success
2 weeks, 1 day ago

US, EU can ride the tide of China's EV success

China Daily  

JIN DING/CHINA DAILY The rise of Chinese-made electric vehicles in the global market has drawn both admiration and criticism. China's leadership in promoting sustainable development through EVs has contributed significantly to international efforts to address climate change. At a time when climate change and geopolitical tensions are creating divisions in the international community, the Chinese EV industry presents a unique …

EV sales remain strong globally: AP
2 weeks, 1 day ago

EV sales remain strong globally: AP

China Daily  

Xinhua | Updated: 2024-12-27 15:51 Members of the public inspect Leapmotor's T03 on display at the 2024 Paris Motor Show on Oct 14. NEW YORK -- Electric vehicles had another whirlwind year around the globe, driven by buyers in China, and growth in parts of Europe and the United States, despite headwinds, reported The Associated Press on Thursday. "In a …

Five facts about electric vehicles in 2024
2 weeks, 1 day ago

Five facts about electric vehicles in 2024

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. Read our privacy policy Electric vehicles had another whirlwind …

China accounted for 80% of global EV sales growth in 2024 : IEA report
2 weeks, 3 days ago

China accounted for 80% of global EV sales growth in 2024 : IEA report

Live Mint  

New Delhi, December 25 : China accounted for nearly 80 per cent of Electronic Vehicle growth globally, with EV sales jumping from over 3 million in the first half of 2023 to more than 4 million during the same period in 2024, according to a report by the International Energy Agency. The report also noted that the share of electric …

Honda-Nissan merger: EV boom cutting off auto giants' vroom?
3 weeks, 1 day ago

Honda-Nissan merger: EV boom cutting off auto giants' vroom?

India Today  

Two of the world’s giant carmakers, Nissan and Honda, are taking steps towards a merger. While Honda’s net profit slumped by 19.7 per cent, Nissan’s fell drastically by 93.5 per cent. Rise of EVs “Electric car sales keep rising and could reach around 17 million in 2024, accounting for more than one in five cars sold worldwide," the Global EV …

China’s Tesla Model Y rival set to arrive in the UK
4 weeks, 2 days ago

China’s Tesla Model Y rival set to arrive in the UK

The Independent  

Chinese car maker Xpeng has confirmed its entry into the UK market. Speaking exclusively to The Independent, IM Group managing director William Brown said “the plan is that we will launch the first model in March next year, which is the G6.” open image in gallery The Xpeng G7 features a practical 571 litre boot The G6, a crossover rival …

BYD to outsell Ford, Honda, beat 2024 sales goals heartily as Tesla continues to struggle in China
1 month ago

BYD to outsell Ford, Honda, beat 2024 sales goals heartily as Tesla continues to struggle in China

Firstpost  

By the end of November, BYD had already delivered 3.76 million vehicles, including over 500,000 units in November alone, putting it on track to surpass its 4 million sales goal for the year The robust performance in China—where over 90 per cent of BYD’s sales occur—places the company ahead of Honda and Ford in global rankings for 2024. Image Credit: …

Nation poised to hold more than half of global EV fleet by 2025
1 month, 1 week 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 …

The withering dream of a cheap American electric car
1 month, 3 weeks ago

The withering dream of a cheap American electric car

Live Mint  

The dream of a $25,000 electric vehicle for U.S. drivers is in trouble. Musk isn’t alone in taking a sour view of making a cheap EV for the U.S. “That market sucks,” Peter Rawlinson, chief executive of Lucid Motors, told me and my colleague Christopher Mims for our new podcast, called “Bold Names.” Lucid which has begun taking orders for …

Sales of used electric cars reach record high
Trending News
2 months ago

Sales of used electric cars reach record high

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Giving consumers the confidence to switch from their familiar petrol or diesel vehicles requires confidence and incentives …

Tesla shares soar 14% as Trump win sets stage for Elon Musk's electric vehicle company
2 months ago

Tesla shares soar 14% as Trump win sets stage for Elon Musk's electric vehicle company

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 {{ …

How electric car sales have slumped around the world
2 months, 1 week ago

How electric car sales have slumped around the world

Daily Mail  

Electric vehicles have been touted as an environmentally-friendly solution to the climate crisis, giving passengers a smooth, emissions-free ride. Meanwhile, Chinese car manufacturer BYD – the world's largest seller of electric vehicles – saw global EV sales crash earlier this year. Electric vehicles run on energy from a charged battery much like a smartphone but come with hefty pricetags – …

Chinese EV maker BYD’s revenue beats Tesla for first time
2 months, 1 week ago

Chinese EV maker BYD’s revenue beats Tesla for first time

CNN  

Beijing — Chinese electric vehicle maker BYD posted an 11.5% rise in third-quarter net profit on Wednesday as it maintained strong sales momentum helped by government trade-in incentives. With third-quarter revenue up 24% on year to 201.1 billion yuan, BYD’s quarterly revenue for the first time outpaced Tesla, whose revenue for the July-September quarter reached $25.2 billion. BYD, whose cars …

Tesla suffers first drop in UK sales since 2013
2 months, 4 weeks ago

Tesla suffers first drop in UK sales since 2013

The Telegraph  

Tesla’s UK revenues have fallen for the first time in more than a decade as Elon Musk’s electric car company grapples with a slowdown in demand. The drop in sales brings the company’s recent momentum to a halt in the UK, where it has enjoyed constant sales growth since 2013. Mr Musk’s business is also facing questions about its ageing …

EU countries vote to impose duties on China EVs ahead of an end-of-October deadline
3 months ago

EU countries vote to impose duties on China EVs ahead of an end-of-October deadline

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. Read our privacy policy European Union countries on Friday …

Tesla boosted by China sales, Shanghai plant
3 months, 1 week ago

Tesla boosted by China sales, Shanghai plant

China Daily  

Potential car buyers seen at a Tesla showroom in Shanghai. China is becoming a crucial market for Tesla, with the American electric-vehicle maker offering incentives to boost sales there and its Shanghai factory recently exporting its millionth vehicle. "China, which accounts for one-third of Tesla's sales, is a major growth driver," said Scott Acheychek, chief operating officer of REX Financial, …

Chinese carmakers sell fewest EVs in Europe since February 2023
3 months, 1 week 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
4 months 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
4 months 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
4 months 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 …

Glory days for automakers like Ford, General Motors in China are over
4 months, 1 week 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 …

Chinese EV giant BYD posts 24.4% rise in profit
4 months, 1 week 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 …

Ford to shift EV strategy to hybrid vehicles
4 months, 2 weeks ago

Ford to shift EV strategy to hybrid vehicles

China Daily  

When it comes to selling electric vehicles, US automakers face not only consumer reluctance but rising competition from China in the international market. Ford Chief Executive Officer Jim Farley said that China's EV companies have the advantage of a lower-cost supply chain and that Ford needs to find ways to lower its own costs to compete. In China, retail sales …

Smart features drive up Chinese carmakers
4 months, 3 weeks 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 …

Discounts fail to help drive EV sales in US
4 months, 3 weeks ago

Discounts fail to help drive EV sales in US

China Daily  

Vehicles from Chinese brands wait to be exported from a port in Suzhou, Jiangsu province. In 2023, EV sales grew nearly 50 percent, according to data from Motor Intelligence, a vehicle sales data provider in the US. Consumer interest in buying EVs and hybrids is vastly different in China, where sales sped past internal-combustion-engine cars for the first time last …

Indians who prepaid $1,000 to order Tesla EVs ask for their money back as cars fail to arrive
4 months, 4 weeks ago

Indians who prepaid $1,000 to order Tesla EVs ask for their money back as cars fail to arrive

The Hindu  

In April 2016, Elon Musk invited Indians to preorder the upcoming Tesla Model 3. To woo automakers like Tesla while also protecting domestic carmakers like Mahindra and Maruti Suzuki, India reduced its import duties to 15% from 70%-100% in March 2024 for EVs cheaper than $35,000 — as long the automaker commits to building a factory in the country within …

Indians wanting their money back for undelivered Teslas shows how drastically the EV market changed
4 months, 4 weeks ago

Indians wanting their money back for undelivered Teslas shows how drastically the EV market changed

Associated Press  

HANOI, Vietnam — In April 2016, Elon Musk invited Indians to preorder the upcoming Tesla Model 3. To woo automakers like Tesla while also protecting domestic carmakers like Mahindra and Maruti Suzuki, India reduced its import duties to 15% from 70%-100% in March 2024 for EVs cheaper than $35,000 — as long the automaker commits to building a factory in …

Indians who prepaid $1,000 to order Tesla EVs ask for their money back as cars fail to arrive
4 months, 4 weeks ago

Indians who prepaid $1,000 to order Tesla EVs ask for their money back as cars fail to arrive

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. To woo automakers like Tesla while also protecting domestic …

Tesla cancels factory plan in ASEAN
4 months, 4 weeks ago

Tesla cancels factory plan in ASEAN

China Daily  

Potential car buyers seen at a Tesla showroom in Shanghai. Quoting an anonymous official source, the Nation said last week that Tesla had pulled out the team overseeing the project late last year. While the ASEAN region has the potential for a vibrant EV market, it is currently dominated by Chinese companies have a strong grip on the sector and …

Tesla cancels factory plan in ASEAN
4 months, 4 weeks ago

Tesla cancels factory plan in ASEAN

China Daily  

Potential car buyers seen at a Tesla showroom in Shanghai. Quoting an anonymous official source, the Nation said last week that Tesla had pulled out the team overseeing the project late last year. While the ASEAN region has the potential for a vibrant EV market, it is currently dominated by Chinese companies have a strong grip on the sector and …

New energy vehicles dominate delivery figures for first time
4 months, 4 weeks 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
5 months, 1 week 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 …

Stellantis ships to Europe first fully electric cars produced in venture with China's Leapmotor
5 months, 1 week ago

Stellantis ships to Europe first fully electric cars produced in venture with China's Leapmotor

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. Read our privacy policy Carmaker Stellantis has shipped the …

Tesla faces 45 per cent profit drop in Q2, Musk teases Robotaxi announcement in October
5 months, 2 weeks ago

Tesla faces 45 per cent profit drop in Q2, Musk teases Robotaxi announcement in October

India TV News  

Tesla, Elon Musk's electric automobile company has reported being in profit for the April-June period this year by USD 1.5 billion- which was down by 45 per cent from the same period in 2023. Total revenue was up 2 per cent at USD 25.5 billion, but automotive revenues were down 7 per cent to USD 19.9 billion, according to the …

EV: Keys for climate fight wins
5 months, 2 weeks 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 …

China's passenger car exports up 28% in June
6 months 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, …

Tesla included into Chinese government purchase list
6 months, 1 week 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 …

Tesla shares rally over 10% as quarterly deliveries beat estimates
6 months, 1 week ago

Tesla shares rally over 10% as quarterly deliveries beat estimates

Hindustan Times  

Tesla's global sales fell for the second straight quarter despite price cuts and low-interest financing offers, another sign of weakening demand for the company's products and electric vehicles overall. For the first half of the year, Tesla sold 830,766 electric vehicles worldwide, handily beating China's BYD, which sold 726,153 EVs. Tesla also sold over 33,000 more vehicles during the second …

Tesla sales fall in Q2 despite price cuts
6 months, 1 week ago

Tesla sales fall in Q2 despite price cuts

Associated Press  

DETROIT — Tesla’s global sales fell for the second straight quarter despite price cuts and low-interest financing offers, another sign of weakening demand for the company’s products and electric vehicles overall. AP AUDIO: Tesla sales fall for second straight quarter despite price cuts, but decline not as bad as expected AP correspondent Tom Krisher reports Tesla sale numbers may be …

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