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2023-07-11 13:43:45 ET Automobile sales in China rose 4.9% year-over-year in June to 2.62M for the broad category that includes passenger and commercial vehicles, according to the China Association of Automobile Manufacturers. However, monthly retail sales fell 2.8% during the month. New en...
2023-06-19 03:00:00 ET Summary Nio cut its prices last week, reversing its previous position, in response to slowing sales growth over the past two months after many of its rivals made similar reductions. Smaller firms could be the most vulnerable if the current EV price war drags...
2023-05-28 08:50:38 ET Summary Of 78 EV brands since Jan 2020, 12 are gone and 18 had April sales under 1,000. Only 7 brands (and 8 firms) averaged over 10,000 monthly sales Jan-Apr 2023. Battery EVs peaked at 25.2% of the market in Nov 2022 (22.1% in 2022Q4). In Apr, BEVs held 22...
2023-03-09 12:43:24 ET Summary The end of both the temporary car sales tax cut and electric vehicle incentives on December 31, 2022 pulled EV sales forward. It's payback time. Automotive sales have slowed dramatically through a confluence of negative factors. The recent 50% fall i...
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 is reportedly talking to automakers about extending subsidies for electric vehicles once again. The subsidies were originally set to be phased out by the end of 2020 before the pandemic hit and the Ministry of Information and Industrial Technology extended them for 2021 and 2022. The su...
Over the years, China has gradually peeled back limits on foreign ownership in the domestic auto industry, but it's now hitting the accelerator. Beginning Jan. 1, 2022, the country is pulling out all the stops to investment in the sector, allowing full foreign ownership of local passenger car...
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...
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Toyota Motor Corporation (NYSE: TM) has reportedly told dealers that it will extend a program to lower output at one of its joint ventures in ...