China makes more cars than it needs. Now, it’s shakeout time.
5 days, 13 hours ago

China makes more cars than it needs. Now, it’s shakeout time.

Live Mint  

Overall, car sales in China rose 5.5% last year to 22.9 million vehicles, the China Passenger Car Association said Thursday. Domestic brands accounted for 61% of the local market last year, up 8.6 percentage points from a year earlier, the China car association said. Last year, 23 EV brands either exited China or were consolidated into other brands, while a dozen new brands came to market, according to Stephen Dyer, managing director at AlixPartners. Still, it has fallen behind local rivals led by BYD, which sold almost four million vehicles in China last year.

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History of this topic

China’s export boom means Trump tariffs would hit Beijing where it hurts
1 day, 18 hours ago

China’s export boom means Trump tariffs would hit Beijing where it hurts

Live Mint  

China’s economy is more dependent on exports than it has been for most of the past two decades, leaving it vulnerable to a new broadside on trade from President-elect Donald Trump. Aside from 2021, when consumers the world over were gorging on Chinese-made home appliances, fitness equipment and computer gear during Covid-19 lockdowns, that would mark trade’s biggest contribution to …

Ten cars from European and US brands you might not know are made in China
1 week, 4 days 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, 5 days 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 sales dropped 1.1% in 2024, its first annual decline in a dozen years
1 week, 5 days 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 …

A ‘Made in China’ Crisis Awaits Big Auto
1 week, 5 days ago

A ‘Made in China’ Crisis Awaits Big Auto

Live Mint  

When Jaguar’s “copy nothing” brand reboot hit late last year, one self-styled car enthusiast replied on X: “What the actual hell is this.” Jaguar’s response: “The future.” That remains to be seen. Even if Europe also turns further toward protectionism, China’s combination of low costs, supply-chain dominance and EV leadership means its companies will continue to make inroads elsewhere, particularly …

China’s Late-Year EV Sales Boom Gives Way to Rocky 2025 View
1 week, 5 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 …

Beijing pushes to use China-made chips in its EVs
2 weeks ago

Beijing pushes to use China-made chips in its EVs

Live Mint  

SINGAPORE—China isn’t satisfied with becoming the world’s dominant maker of electric vehicles. U.S. Trade Representative Katherine Tai said there was evidence China used “extensive anticompetitive and non-market means" to achieve self-sufficiency, and the Commerce Department has said subsidized low-cost Chinese chip makers might flood the global market and drive down prices. Earlier in 2024, officials from China’s Ministry of Industry …

China’s firms are taking flight, worrying its rulers
2 weeks, 1 day ago

China’s firms are taking flight, worrying its rulers

Live Mint  

FOR DECADES China has put foreign capital to work. China’s firms have so far resisted hiring local workers, buying from local suppliers or sharing technology, leading recipient countries in Asia and Europe to press for more tech transfer. Tariffs introduced by Donald Trump during his first term as president encouraged Chinese firms to move production in order to change their …

Successes and fails of fierce auto sector
2 weeks, 2 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 …

US, EU can ride the tide of China's EV success
2 weeks, 5 days 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, 5 days 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, 5 days 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 …

Honda, Nissan deal could be important for a comeback against China’s BYD
2 weeks, 6 days ago

Honda, Nissan deal could be important for a comeback against China’s BYD

Hindustan Times  

A Honda Motor Co. and Nissan Motor Co. combination could give the two struggling Japanese brands the scale to take on China’s BYD Co., sales figures released Wednesday show. China’s biggest automaker BYD sold 3.76 million vehicles over the same period, a clear illustration of how weak Nissan and Honda are alone, but how together, they may stand a fighting …

Honda, Nissan deal could be key to comeback against China’s BYD
2 weeks, 6 days ago

Honda, Nissan deal could be key to comeback against China’s BYD

Live Mint  

A Honda Motor Co. and Nissan Motor Co. combination could give the two struggling Japanese brands the scale to take on China’s BYD Co., sales figures released Wednesday show. China’s biggest automaker, BYD, sold 3.76 million vehicles over the same period, a clear illustration of how weak Nissan and Honda are alone but how, together, they may stand a fighting …

China accounted for 80% of global EV sales growth in 2024 : IEA report
2 weeks, 6 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 …

Chinese EV Makers Hit EU Wall as Tariffs Add to Import Costs
3 weeks, 1 day ago

Chinese EV Makers Hit EU Wall as Tariffs Add to Import Costs

Live Mint  

-- Chinese automakers captured their smallest share of Europe’s electric-vehicle market in eight months, after new tariffs added as much as 35% to the cost of importing cars to the region. Manufacturers such as BYD Co. and SAIC Motor Corp.’s MG accounted for 7.4% of EV registrations across Europe in November, down from 8.2% in October, according to automotive researcher …

On a quest for global domination, Chinese EV makers are upending Thailand’s auto industry
3 weeks, 2 days ago

On a quest for global domination, Chinese EV makers are upending Thailand’s auto industry

LA Times  

Visitors look at XPENG’s electric vehicles during the 45th Bangkok Motor Show earlier this year in Nonthaburi, Thailand. “Japanese automakers are under significant pressure to cut costs to compete with Chinese brands,” said Larey Yoopensuk, chairman of the Federation of Thailand Automobile Workers. “They are now questioning whether staying in Thailand is still worthwhile.” Thailand’s government — which wants 30% …

British car production plunges to its lowest level in more than four decades - as automakers struggle to deal with falling demand
3 weeks, 5 days 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 …

The China shock behind the Honda-Nissan merger talks
3 weeks, 6 days ago

The China shock behind the Honda-Nissan merger talks

Live Mint  

BEIJING—The rise of Chinese carmakers is reconfiguring the global auto industry, with merger talks between Honda and Nissan the latest example of companies trying to respond to the competitive threat. The Honda-Nissan combination would be aimed at combating the Chinese push by combining the Japanese carmakers’ efforts in EV technology, autonomous driving and other areas where China is strong, analysts …

The retreat from the world’s largest auto market has begun
4 weeks, 1 day ago

The retreat from the world’s largest auto market has begun

CNN  

New York CNN — It wasn’t long ago that China was by far the largest and most profitable market for General Motors. “Every international brand is suffering in China.” While GM has yet to announce the details of its restructuring in China, Schuster and other experts said most Western automakers, including GM, are looking at how long they can stay …

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

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: …

China automakers pivot to hybrids for Europe to counter EV tariffs
1 month, 1 week 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
1 month, 2 weeks 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 …

BYD prepares to go for the kill in Chinese EV market, leaked letter shows plans to intensify price war
1 month, 2 weeks ago

BYD prepares to go for the kill in Chinese EV market, leaked letter shows plans to intensify price war

Firstpost  

BYD’s aggressive pricing strategy appears to be paying off — the Chinese EV maker recently overtook Tesla in revenue for the first time, reporting a gross margin of 21.9 per cent, its highest in a year Unlike some of its rivals, BYD has not only weathered the price war but emerged stronger. The leaked email highlights BYD’s readiness to further …

China’s EV price war is so brutal that BYD is trying to pinch its suppliers
1 month, 2 weeks ago

China’s EV price war is so brutal that BYD is trying to pinch its suppliers

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. Hong Kong CNN — China’s top maker of electric vehicles wants to pay a lot less for car parts in the new year, a demand that signals there is no end in sight …

China's NEV boom boon for global auto sector
1 month, 3 weeks ago

China's NEV boom boon for global auto sector

China Daily  

A Sitrak hydrogen fuel-cell heavy truck is on display at the automobile exhibition area during the seventh China International Import Expo in Shanghai on Nov 7. SHANGHAI — As the new energy vehicle boom continues in China, global players in related sectors are eyeing a vast array of opportunities and are exerting efforts to tap into this promising market. "China …

China's NEV boom boon for global auto sector
1 month, 3 weeks ago

China's NEV boom boon for global auto sector

China Daily  

A Sitrak hydrogen fuel-cell heavy truck is on display at the automobile exhibition area during the seventh China International Import Expo in Shanghai on Nov 7. SHANGHAI — As the new energy vehicle boom continues in China, global players in related sectors are eyeing a vast array of opportunities and are exerting efforts to tap into this promising market. "China …

China's NEV boom boon for global auto sector
1 month, 3 weeks ago

China's NEV boom boon for global auto sector

China Daily  

A Sitrak hydrogen fuel-cell heavy truck is on display at the automobile exhibition area during the seventh China International Import Expo in Shanghai on Nov 7. SHANGHAI — As the new energy vehicle boom continues in China, global players in related sectors are eyeing a vast array of opportunities and are exerting efforts to tap into this promising market. "China …

Riding toward a cleaner, greener world
1 month, 3 weeks ago

Riding toward a cleaner, greener world

China Daily  

FILE PHOTO: New China-built electric vehicles of the company Xpeng are seen parked in the port of Zeebrugge, Belgium, October 24, 2024. The move, which the EU described as an effort to maintain "fair competition", thinly veils an underlying attempt to curb China's ascendancy in the EV industry. China's EV ecosystem is not only vast, it is also driven by …

Riding toward a cleaner, greener world
1 month, 3 weeks ago

Riding toward a cleaner, greener world

China Daily  

FILE PHOTO: New China-built electric vehicles of the company Xpeng are seen parked in the port of Zeebrugge, Belgium, October 24, 2024. The move, which the EU described as an effort to maintain "fair competition", thinly veils an underlying attempt to curb China's ascendancy in the EV industry. China's EV ecosystem is not only vast, it is also driven by …

China sees more auto trade-ins on policy support
1 month, 3 weeks 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 …

'Irreversible trend' will spur global EV sales
Trending News
1 month, 4 weeks ago

'Irreversible trend' will spur global EV sales

China Daily  

SAIC Motor's IM brand showcases its electric SUV LS6 at the 2024 Auto Guangzhou on Nov 15. Smart e-mobility is the irreversible trend of the global automotive industry, with battery electric vehicles expected to account for at least 64 percent of total new car sales by 2040, according to a recent Roland Berger report. The report states the Western markets, …

'Irreversible trend' will spur global EV sales
Trending News
1 month, 4 weeks ago

'Irreversible trend' will spur global EV sales

China Daily  

SAIC Motor's IM brand showcases its electric SUV LS6 at the 2024 Auto Guangzhou on Nov 15. Smart e-mobility is the irreversible trend of the global automotive industry, with battery electric vehicles expected to account for at least 64 percent of total new car sales by 2040, according to a recent Roland Berger report. The report states the Western markets, …

China’s exports grew 12.7% in October, fastest pace in more than 2 years
2 months, 1 week ago

China’s exports grew 12.7% in October, fastest pace in more than 2 years

Associated Press  

HONG KONG — China’s exports rose 12.7% in October from a year earlier, the fastest monthly growth in more than two years, according to customs data released Thursday. It showed imports fell 2.3% in October from a year earlier, while China’s trade surplus rose to $95.7 billion in October, up from $81.7 billion in September. China’s exports to Russia rose …

Sales of used electric cars reach record high
Trending News
2 months, 1 week 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 …

How electric car sales have slumped around the world
2 months, 2 weeks 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, 2 weeks 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 …

‘Made in China’ Vies for Europe’s Luxury Car Market
2 months, 2 weeks ago

‘Made in China’ Vies for Europe’s Luxury Car Market

Bloomberg  

Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union. With the latest digital tricks, leather dashboards and champagne coolers — but sometimes at half the price — Chinese automakers are seriously threatening European manufacturers in the luxury-car segment. Just listen to Ford CEO Jim Farley rave about the Xiaomi SU7 …

Chinese Tech Giants Dominate the Electric Vehicle Market
2 months, 2 weeks ago

Chinese Tech Giants Dominate the Electric Vehicle Market

Live Mint  

Chinese tech giants are making a big push into the electric vehicle (EV) market, with several companies like Baidu, Huawei, Xiaomi, and Apple investing heavily in the industry. These tech firms have been able to leverage their expertise in software, AI, and automation to create smart and efficient EVs that are often more advanced than their Western counterparts. However, the …

China's share of UK car market soars 10-FOLD in two years amid fears Beijing-made electric vehicles could be 'weaponised' to spy on Brits
2 months, 4 weeks ago

China's share of UK car market soars 10-FOLD in two years amid fears Beijing-made electric vehicles could be 'weaponised' to spy on Brits

Daily Mail  

China's share of the UK car market has soared 10-fold within two years, MailOnline can disclose. The Chinese brand first began selling electric cars in the UK in the first quarter of 2023 - though has been making electric buses for the British market for over a decade. Between January and June 2024, Tesla remained the top selling electric car …

BMW and Mercedes-Benz sales plunge in China as luxury car slowdown worsens
3 months ago

BMW and Mercedes-Benz sales plunge in China as luxury car slowdown worsens

Hindustan Times  

BMW AG and Mercedes-Benz Group AG saw car sales slump in China in the third quarter as weak consumer sentiment in their biggest market weighed on luxury spending. An interior of a BMW i7 electric car is seen during a press conference announcing a joint venture between Tata Technologies and BMW Group, in Mumbai, India, October 8, 2024 {{^userSubscribed}} {{/userSubscribed}} …

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

The wheels have come off Britain’s car industry – here’s how to get it back on the road
4 months, 1 week ago

The wheels have come off Britain’s car industry – here’s how to get it back on the road

The Independent  

Ask anyone involved in the British motor industry or the car trade what their biggest challenges have been over the past few years and for most, three words will immediately come to mind: Brexit. As Nowak points out, the “reset” could “ease pressures on supply chains, which is really important in sectors like automotive and aerospace … Because nobody builds …

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 …

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