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2024-04-07 04:43:13 ET Summary Global electric car sales Feb. 2024 up 3% YoY to 13% share. China sales down 9% to 33% share. Europe up 10% to 20% share. USA up 11% to 8.8% share.1. EV market news - Biden administration cracks down on gasoline-fueled cars. India cuts import taxes o...
2024-03-06 11:52:43 ET Summary Global electric car sales Jan. 2024 up 63%YoY to 16% share. China sales up 95% to 32% share. Europe up 26% to 20% share. USA up 19% to 9.8% share. EV market news - Adamas Intelligence: What electric car slowdown? Global EV industry is breaking record...
China's auto industry faces numerous short-run and long-run headwinds; NEVs will not be exempt. it is foolish to project recent growth beyond the next year. As the market matures, the action is shifting from micro- and midsized-vehicles (A00 and B segments) to A segment compact sedans...
China's Ministry of Commerce announced new steps to support automobile sales in the nation that will include extending a tax break and boosting credit options. The government is also studying extending tax exemptions for new energy vehicles and planning for more charging stations. ...
Stellantis N.V. (STLA -1.3%) is exploring a new China strategy beginning with the closure of one of the two factories that are part of a joint venture between the company and Chinese automaker GAC Group. The plant's production will be transferred from the Guangzhou plant to one in Changsa to ...
French group has signed its first big deal since exiting its main joint venture last year. On Monday, Renault (OTC: RNLSY) revealed it will partner with Geely Automobile Holdings Limited (OTC: GELYF), the Chinese owner of Sweden’s Volvo Cars, to tap into China’s rapidly growin...
Dongfeng Motor Group (DNFGF) sets a sales target based on auto industry development and the company’s business arrangement. The Chinese automaker is aiming for overall sales in 2021 of 3,292,000 units to mark 14.8% from last year's sales level. The sales target for passenger vehicles i...
Net profit slumped 65% in 1H20 for Dongfeng Motor Group ( OTCPK:DNFGF ) due to the impact of COVID-19 pandemic. More news on: Dongfeng Motor Group Company Limited, Dongfeng Motor Group Company Limited, Consumer stocks news, Earnings news and commentary, Read more ......
Toyota (NYSE: TM ) plans to set up a joint venture with major Chinese companies to develop fuel cells, according to Nikkei Asian Review. More news on: Toyota Motor Corporation, Dongfeng Motor Group Company Limited, Guangzhou Automobile Group Co., Ltd., Consumer stocks news, Read more...
Renault ( OTC:RNSDF ) is ending its joint venture with Dongfeng Motor Corp. ( OTCPK:DNFGF ) in China due to soft demand. More news on: Renault SA, Dongfeng Motor Group Company Limited, Consumer stocks news, Read more ...
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A total of 38 companies repurchased HK$810 million ($105 million) of their shares on the Hong Kong Stock Exchange Thursday. Two more Hong Kong-list...
French group has signed its first big deal since exiting its main joint venture last year. On Monday, Renault (OTC: RNLSY) revealed it will partner with Geely Automobile Holdings Limited (OTC: GELYF), the Chinese owner of Sweden’s Volvo Cars, to tap into China’s rapidly growin...
Fiat Chrysler Automobiles (NYSE: FCAU) may have found a dance partner: FCA is in discussions with PSA Group, the holding company of French automaker Peugeot (OTC: PUGOY) , about a merger that could create a $50 billion auto giant. The talks, first reported by The Wall Street Journa...