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Chinese electric vehicle stocks are higher after deliveries reports for November show strong demand with XPeng (NYSE:XPEV), Nio (NYSE:NIO) and Li Auto (NASDAQ:LI) all posting triple-digit gains compared to last year. Of note, Shanghai-based analyst say young drivers in the nation are increasi...
Automobile sales in China declined 19.6% Y/Y in September to 2.07M vehicles, falling for a fifth consecutive month as a prolonged global shortage of semiconductors disrupts production. Sales of passenger cars in September fell 17% Y/Y to 1.58M vehicles, the China Passenger Car Association sai...
Automobile sales in China fell off 17.8% in August to 1.799M vehicles in comparison to last year and were down 8.2% from the level for the same month in 2019, according to China Association of Automobile Manufacturers. Major automakers like Ford (NYSE:F), Honda (NYSE:HMC), General Motors (NYS...
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 ...
China's retail sales of passenger cars rose 69% Y/Y to 5.09M vehicles in Q1, strongest quarterly growth in recent decades, returning to pre-pandemic levels - WSJ.Last year, Q1 sales contracted 42% Y/Y due to COVID-19.1Q21 sales matched nearly 5.08M passenger cars sold in 1Q19, but fell s...
China's retail sales of passenger cars rose 25.7% Y/Y to 2.16M vehicles, the strongest growth since September 2016 - China Passenger Car Association.Sales of electric cars expanded 281.4% Y/Y to 158K in January but dropped 23.9% M/M.Retail sales declined 20% in January 2020 and 7% in December...
According to Edmunds, EV sales were 1.9% of total retail sales in the U.S. in 2020 and expect this number to grow to 2.5% in 2021."After years of speculation and empty promises, 2021 is actually shaping up to be a pivotal year for growth in the EV sector," said Jessica Caldwell, Edmunds'...
As the market recovers, China’s sales of SUVs, minivans and sedans rose by double digits in November but were below pre-pandemic levels for the year. Sales rose 11.6%Y/Y to 2.3M, according to the China Association of Automobile Manufacturers.Total vehicle sales, including trucks and bu...
Vehicle sales in China including trucks and buses rose 12.5% Y/Y in October as the industry recovered from the coronavirus. However, the sales were down from September’s 17.4%. Sales in the biggest global auto market surged to 2.6M. Passenger vehicle sales rose 9%, with some autom...
As market revives, China’s vehicle sales rose 12.8% Y/Y to 2.57M vehicles, up from August’s 11.6% growth, according to the China Association of Automobile Manufacturers ((CAAM)).Sales of passenger vehicles rose 8% for the month.For the first nine months, sales declined 6.9% Y/Y ...
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Despite the cessation of production in Russia in 2022, Russian partners have reportedly teamed up with a Chinese counterpart to continue producing ...