China’s Late-Year EV Sales Boom Gives Way to Rocky 2025 View
1 week 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 trading partners like the European Union have hit China’s EV exports and the country’s top industry group has urged the government to extend concessions for trading in older vehicles to spur domestic sales. China’s total passenger car retail sales may increase just 2% to 23.4 million vehicles in 2025, from 5.7% growth last year, according to Cui Dongshu, secretary general of the country’s Passenger Car Association.

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History of this topic

Honda-Nissan merger: EV boom cutting off auto giants' vroom?
2 weeks, 6 days 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 …

Not only Volkswagen and Nissan, automakers world over are struggling after a rewarding pandemic
3 weeks, 2 days ago

Not only Volkswagen and Nissan, automakers world over are struggling after a rewarding pandemic

Firstpost  

A few years ago, automakers were celebrating record profits as the pandemic caused new car shortages, allowing them to raise prices. Now, the industry is facing a harsh reality, according to a report A few years ago, automakers were celebrating record profits as the pandemic caused new car shortages, allowing them to raise prices. Competition from China is “starting to …

BYD to outsell Ford, Honda, beat 2024 sales goals heartily as Tesla continues to struggle in China
4 weeks, 2 days 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's NEV boom boon for global auto sector
1 month, 2 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, 2 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, 2 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, 2 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, 2 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 …

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 Tech Giants Dominate the Electric Vehicle Market
2 months, 1 week 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 …

BMW and Mercedes-Benz sales plunge in China as luxury car slowdown worsens
2 months, 4 weeks 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}} …

Geely showcases new electrified models at Frankfurt expo
3 months, 3 weeks ago

Geely showcases new electrified models at Frankfurt expo

China Daily  

On Sept 10, Geely Auto Group unveiled a suite of nearly ten cutting-edge electrified vehicle models at the EVA Frankfurt. On Sept 10, Geely Auto Group unveiled a suite of nearly ten cutting-edge electrified vehicle models at the EVA Frankfurt under the banners of its three distinguished brands—Geely, Lynk & Co, and Zeekr. Geely Auto Group not only brought nearly …

German brands revving up presence in China
4 months ago

German brands revving up presence in China

China Daily  

Mercedes-Benz showcases the EQE 500 4MATIC Flagship at an auto show in Changchun, Jilin province, in July. Mercedes-Benz, BMW and Audi are preparing to roll out new models in China, scheduled to hit the market from 2025, as local Chinese rivals threaten to hog the limelight in the premium sector and lure car buyers away from the German trio. Over …

German brands revving up presence in China
4 months ago

German brands revving up presence in China

China Daily  

Mercedes-Benz showcases the EQE 500 4MATIC Flagship at an auto show in Changchun, Jilin province, in July. Mercedes-Benz, BMW and Audi are preparing to roll out new models in China, scheduled to hit the market from 2025, as local Chinese rivals threaten to hog the limelight in the premium sector and lure car buyers away from the German trio. Over …

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

Automakers pushing back against European Union's plan for tariffs
4 months, 2 weeks ago

Automakers pushing back against European Union's plan for tariffs

China Daily  

The SAIC Anji cargo ship exports vehicles from Yantai Port in Shandong province on May 15. Chinese carmakers and the country's leading auto association have expressed opposition to the EU's latest draft plan on charging extra duties on China-made EVs but said they remain committed to exploring European markets. Geely Holding Group is primarily exporting Lynk & Co and Zeekr …

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 …

Seres, Huawei to further boost AITO marque
6 months ago

Seres, Huawei to further boost AITO marque

China Daily  

The AITO booth attracts visitors at the Beijing auto show in April, 2024. Chinese NEV maker Seres said on Tuesday that it is deepening cooperation with partner Huawei to grow the AITO brand into a globally leading automotive marque. The deal, which came on the heels of the one inked in 2023, further indicates the two companies'dedication to the current …

Seres, Huawei to further boost AITO marque
6 months ago

Seres, Huawei to further boost AITO marque

China Daily  

The AITO booth attracts visitors at the Beijing auto show in April, 2024. Chinese NEV maker Seres said on Tuesday that it is deepening cooperation with partner Huawei to grow the AITO brand into a globally leading automotive marque. The deal, which came on the heels of the one inked in 2023, further indicates the two companies'dedication to the current …

Chinese automaker Geely reports 56% revenue growth in Q1
6 months, 1 week 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 …

Smart driving sees higher acceptance in China
6 months, 2 weeks ago

Smart driving sees higher acceptance in China

China Daily  

Seres Chairman Zhang Xinghai speaks at the World Intelligence Expo on June 20, 2024. At first they did not dare to use the functions but gradually their fear is gone and finally they have taken to them, said Seres Chairman Zhang Xinghai at the World Intelligence Expo on Thursday. Seres designs and produces AITO-branded electric vehicles in collaboration with Huawei, …

Stellantis CEO cites failures in US operations, ready to compete head-on with Chinese EVs
6 months, 3 weeks ago

Stellantis CEO cites failures in US operations, ready to compete head-on with Chinese EVs

Associated Press  

MILAN — Stellantis CEO Carlos Tavares expressed dissatisfaction at the operation of some U.S. plants on Thursday, and took responsibility for not reacting quickly enough to address that issue, the problem of inventory backup, and tackling a “suboptimal” marketing strategy. I’m talking about the fact that I should have acted immediately, recognizing that the convergence of those three problems was …

SOEs set roadmap for rapid transformation
7 months ago

SOEs set roadmap for rapid transformation

China Daily  

Workers operate at a production line of SAIC-GM-Wuling in Liuzhou, Guangxi Zhuang autonomous region, in May. With China's EV industry developing advantages of scale after more than a decade of growth, State-owned automakers, such as China FAW Group, Dongfeng Motor Corp, Guangzhou Automobile Group and Beijing Automotive Group, are reinforcing their positions in the fuel-powered vehicle market while aggressively expanding …

SOEs set roadmap for rapid transformation
7 months ago

SOEs set roadmap for rapid transformation

China Daily  

Workers operate at a production line of SAIC-GM-Wuling in Liuzhou, Guangxi Zhuang autonomous region, in May. With China's EV industry developing advantages of scale after more than a decade of growth, State-owned automakers, such as China FAW Group, Dongfeng Motor Corp, Guangzhou Automobile Group and Beijing Automotive Group, are reinforcing their positions in the fuel-powered vehicle market while aggressively expanding …

Cellphone maker Xiaomi has EV market buzzing
7 months, 2 weeks ago

Cellphone maker Xiaomi has EV market buzzing

China Daily  

Robotic arms working on a production line of Chinese NEV startup Li Auto in Changzhou, Jiangsu province, on Jan 10. CHINA DAILY Boasting sales New entrants to the electric vehicle sector often compare their products to established brands to grab the attention of car buyers. In April, when Li Auto launched the L6, a smaller SUV, Li stated it "beats …

Geely's Zeekr plans biggest US IPO by Chinese firm, seeks $368 million
8 months ago

Geely's Zeekr plans biggest US IPO by Chinese firm, seeks $368 million

Hindustan Times  

Zeekr Intelligent Technology Holding Ltd., the high-end electric car brand under Zhejiang Geely Holding Group Co., is seeking to raise as much as $367.5 million in a US initial public offering. Geely Auto, Mobileye Global Inc. and Contemporary Amperex Technology Co. Ltd. are interested in subscribing for as much as $349 million worth of shares in the offering, Zeekr said …

Geely's Zeekr plans biggest US IPO by Chinese firm, seeks $368 million
8 months ago

Geely's Zeekr plans biggest US IPO by Chinese firm, seeks $368 million

Hindustan Times  

Zeekr Intelligent Technology Holding Ltd., the high-end electric car brand under Zhejiang Geely Holding Group Co., is seeking to raise as much as $367.5 million in a US initial public offering. Geely Auto, Mobileye Global Inc. and Contemporary Amperex Technology Co. Ltd. are interested in subscribing for as much as $349 million worth of shares in the offering, Zeekr said …

Competition-fueled Chinese EV boom to benefit world market, speed up decarbonization
8 months, 2 weeks ago

Competition-fueled Chinese EV boom to benefit world market, speed up decarbonization

China Daily  

Xiaomi CEO Lei Jun speaks during a news conference at the 2024 Beijing International Automotive Exhibition in Beijing, on April 25. Price cuts across various brands after Xiaomi's launch, from the Huawei Aito M7 to the 2024 Xpeng G9, demonstrate the dynamic nature of China's EV market. However, the fierce competition in China's new energy vehicle market, including price wars …

Global car brands need to catch up, says expert
8 months, 2 weeks ago

Global car brands need to catch up, says expert

China Daily  

Xu Changming, an expert at the State Information Center, gives a speech at the seminar organized by Auto Star Works on April 23, 2024. International carmakers need to make "major changes" to stay competitive in China, the world's largest vehicle market, said Xu Changming, an expert at the State Information Center. Also, the State Information Center's survey show that those …

VW partners with Xpeng to develop EV architecture
8 months, 3 weeks ago

VW partners with Xpeng to develop EV architecture

China Daily  

Volkswagen AG showcases its EV technology at the China International Import Expo in November 2023. Volkswagen AG said on Wednesday it is codeveloping an electrical/electronic architecture with Chinese startup Xpeng in an effort to improve its competitive edge in China's heated EV market. Currently, China's popular new energy vehicle models come from primarily local Chinese marques, including BYD as well …

After Xiaomi, Huawei now eager to jump into EVs, starts manufacturing batteries for partner manufacturer
9 months, 1 week ago

After Xiaomi, Huawei now eager to jump into EVs, starts manufacturing batteries for partner manufacturer

Firstpost  

Just days after Xiaomi unveiled its first EV, Huawei has now started the mass delivery of its own luxury EV, which it makes in partnership with China’s Chery Automobile. Called the Luxeed S7 starts at approximately $34,600 After encountering setbacks due to semiconductor shortages and manufacturing issues, the Luxeed S7 electric sedan the result of a collaborative effort between Huawei …

China’s latest EV is a ‘connected’ car from smart phone and electronics maker Xiaomi
9 months, 1 week ago

China’s latest EV is a ‘connected’ car from smart phone and electronics maker Xiaomi

Associated Press  

BEIJING — Xiaomi, a well-known maker of smart consumer electronics in China, is joining the country’s booming but crowded market for electric cars with a sporty high-tech sedan. “There’s still a long way to go for our car to become a Porsche,” he said, but that if Xiaomi keeps striving for five to 10 years, “we will eventually surpass Porsche …

China's Xiaomi to enter cut-throat EV market for the first time
9 months, 1 week ago

China's Xiaomi to enter cut-throat EV market for the first time

New Indian Express  

BEIJING: Chinese consumer tech giant Xiaomi will launch its first-ever EV at a press conference in Beijing Thursday, injecting itself into a fiercely competitive sector in the world's largest car market. China's EV sector has grown rapidly in recent years -- propelled by purchasing subsidies that were discontinued in late 2022 -- and dozens of domestic automakers are engaged in …

Chinese EV makers challenging market leaders at auto show in Bangkok
9 months, 1 week ago

Chinese EV makers challenging market leaders at auto show in Bangkok

Associated Press  

BANGKOK — Chinese electric vehicle makers are showcasing their latest models, including a flying car, as they take on global rivals at the Bangkok International Motor Show. Companies like BYD, XPeng and Great Wall Motors are quickly growing their sales in Thailand, challenging longstanding market leaders like Toyota, Isuzu and Ford, as they expand exports across the globe. BYD sold …

Chinese EV makers challenging market leaders at auto show in Bangkok
9 months, 1 week ago

Chinese EV makers challenging market leaders at auto show in Bangkok

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 Chinese electric vehicle makers are …

How the EV Transition Is Reshaping the Global Auto Industry
10 months, 1 week ago

How the EV Transition Is Reshaping the Global Auto Industry

Bloomberg  

The biggest transformation of the auto industry in a century is underway, as governments offer massive subsidies to speed up the shift to electric vehicles. This combination could mean big losses for Western automakers and endanger ambitious goals for reducing the greenhouse gas emissions that come from road transportation. Chinese companies have succeeded in taking domestic market share from former …

Detroit may be making the same mistake on EVs that it made with Japane
10 months, 2 weeks ago

Detroit may be making the same mistake on EVs that it made with Japane

Live Mint  

Once upon a time, Japanese cars were seen as exotic vehicles that could never take on the might of Ford and General Motors. “Corolla, New Economy Car, Is Shown Here by Toyota," the New York Times yawned in a 1968 headline, introducing history’s best-selling automobile to the US market. With designers focused on large, powerful gas-guzzlers that earned better margins …

VW unveils ambitious product plan to stay atop in the country
11 months, 1 week ago

VW unveils ambitious product plan to stay atop in the country

China Daily  

Volkswagen AG showcases its EV technology at the China International Import Expo in November 2023. Volkswagen will expedite product introduction in China with more than 30 electric models by 2030 and 30 locally produced fuel-powered and plug-in hybrid models by 2027, aiming to stay as the No 1 international automaker in the world's largest auto market. The group said that …

This carmaker overtakes Volkswagen as China's best-selling car brand
11 months, 2 weeks ago

This carmaker overtakes Volkswagen as China's best-selling car brand

Hindustan Times  

BYD Co. officially overtook Volkswagen AG as China’s best-selling car brand in 2023, clear evidence its all-in bet on electric vehicles in the world’s biggest automobile market is paying dividends and helping it pass some of the world’s biggest legacy names. Shenzhen-based BYD chalked up 2.4 million new domestic car insurance registrations last year, data from the China Automotive Technology …

EVs fuel BMW's lead in China
11 months, 4 weeks ago

EVs fuel BMW's lead in China

China Daily  

The 5 millionth vehicle of BMW Brilliance Automotive Ltd is seen in Tiexi district of Shenyang, Northeast China's Liaoning province, in February 2023. The BMW Group sold 824,932 BMW and MINI vehicles in China last year, up 4.2 percent year-on-year, said the German premium carmaker on Tuesday. "New competitors, products and technologies created an intensely competitive Chinese automotive market in …

Chinese auto sales surged 10% year-on-year in October in fastest growth since May, exports up 50%
1 year, 2 months ago

Chinese auto sales surged 10% year-on-year in October in fastest growth since May, exports up 50%

Associated Press  

BEIJING — Sales of passenger cars rose 10.2% in October over a year earlier, an industry association said Wednesday, as makers ramped up promotions and customers opted for electric and hybrid vehicles. Sales of electric and hybrid vehicles climbed 37.5% from a year earlier, accounting for 767,000 of the 2.03 million vehicles sold in October, the China Passenger Car Association …

Jeep maker Stellantis plans to invest 1.5 billion euros in Chinese EV manufacturer Leapmotor
1 year, 2 months ago

Jeep maker Stellantis plans to invest 1.5 billion euros in Chinese EV manufacturer 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 Stellantis plans to invest about …

Tesla in Troubled Waters: Elon Musk’s EV company is struggling to sell its cars in China
1 year, 3 months ago

Tesla in Troubled Waters: Elon Musk’s EV company is struggling to sell its cars in China

Firstpost  

Elon Musk’s Tesla is struggling in China, the world’s largest EV market despite starting a price war that tried to undercut other local players. In September, the Beijing-headquartered premium EV maker delivered 36,060 vehicles, marking a 3.3 per cent increase from the previous month and an impressive 212.7 per cent year-on-year growth. During the third quarter, Li Auto shipped 105,108 …

China: Car Sales Witness Growth by 2 Percent in Aug 2023
1 year, 4 months ago

China: Car Sales Witness Growth by 2 Percent in Aug 2023

News 18  

China’s passenger vehicle sales returned to growth in August year-on-year, as deeper discounts and tax breaks for environmentally friendly and electric vehicles boosted consumer sentiment even as economic growth remains weak. Car sales jumped 2.2% in August from the same month a year ago to 1.94 million units, data from the China Passenger Car Association showed on Friday, the first …

China’s automakers take the world by storm with electric vehicle push
1 year, 4 months ago

China’s automakers take the world by storm with electric vehicle push

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. Chinese companies exported nearly 350,000 EVs to nine European countries in the first half of the year, more than they exported in all of 2022, according to data from the China Passenger Car …

China’s automakers take the world by storm with electric vehicle push
1 year, 4 months ago

China’s automakers take the world by storm with electric vehicle push

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. Chinese companies exported nearly 350,000 EVs to nine European countries in the first half of the year, more than they exported in all of 2022, according to data from the China Passenger Car …

BMW Group car sales in H1 grows 5%, motorcycle sales up 50%
1 year, 5 months ago

BMW Group car sales in H1 grows 5%, motorcycle sales up 50%

The Hindu  

BMW Group India reported 5% growth in sales of cars in the January to June 2023 period owing to heavy demand for its luxury vehicles. Vikram Pawah, president, BMW Group India said, “We have achieved the landmark highest ever half-yearly, quarterly and June monthly sales. Every product launched this year is extremely desirable and in tremendous demand.” He said the …

Chinese auto brands on rise as they seize NEV opportunities
1 year, 5 months ago

Chinese auto brands on rise as they seize NEV opportunities

China Daily  

Vehicles lined up in a port in Yantai, Shandong province, for export overseas on July 6. TANG KE/FOR CHINA DAILY Executives speak of potential to snatch car market dominance at the China Auto Forum China's auto industry is experiencing a new phase of high-quality development, particularly in the field of new energy vehicles where it has established a competitive edge, …

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