Remove Articles Remove Auto Industry Remove Automobile Remove Automobile Manufacturer
article thumbnail

CAAM calls for return to normal order in China's auto industry as price war disrupts sector

CN EV Post

(Image credit: CnEVPost) The price war is one of the most talked-about topics in China's auto industry this month, creating operational challenges for many car companies. Now, an industry association is calling for a return to rationality for all parties to bring order to the market.

article thumbnail

Auto industry to invest USD 7 bn in 5 years to deepen parts localisation – ET Auto

Baua Electric

“World over, the industry is building resilient supply chains by reducing overdependence on any particular country or geography,” said Shradha Suri Marwah, president of ACMA. Work is on to increase net localisation by another 16-20%, or about INR 24,995 crore, over the following five years ending FY27, they said.

article thumbnail

China to allow extended sales periods for ICE models based on existing emissions standard, report says

CN EV Post

Price war has been the most talked about topic in China's auto industry this month, and the imminent implementation of a new emissions standard is seen as a major factor. On March 23, China's Auto Dealers Chamber of Commerce (CADCC) called on regulators to delay the implementation of the China 6b emissions standard. . ($1

Standards 110
article thumbnail

China's NEV sales up 24% MoM to 653,000 in Mar, CAAM data show

CN EV Post

percent from February, according to data released today by the China Association of Automobile Manufacturers (CAAM). The CAAM proposes that China's central and local governments continue to introduce policies to promote auto consumption, given the current weak market expectations. For more articles, please visit CnEVPost.

China 114
article thumbnail

NIO keeps goal of doubling sales this year despite price war causing greater challenges

CN EV Post

NIO (NYSE: NIO) is confident it will see sales double this year, despite a rare price war that disrupted the Chinese auto industry in the first quarter. The price war has had a big impact on the auto industry, and NIO will not follow suit. For more articles, please visit CnEVPost. percent from February.

Price 141
article thumbnail

The Auto Industry Must Aim 100% Electrification In 2 & 3-wheeler Segments Says Amitabh Kant

Get Electric Vehicle

According to the Society of Indian Automobile Manufacturers, domestic two-wheeler sales in 2021-22 were 1,34,66,412 units, three-wheeler sales were 2,60,995 units, and overall vehicle sales across categories were 1,75,13,596 units (SIAM). There are extremely large collateral and insurance rates that must be reduced” Kant added.

article thumbnail

Chery's NEV unit cuts vehicle prices by up to 10%

CN EV Post

As of March 24, the average price of battery-grade lithium carbonate in China was RMB 277,500 per ton and industrial-grade lithium carbonate was RMB 235,000 per ton, according to data from Mysteel monitored by CnEVPost. For more articles, please visit CnEVPost. For Chery, its performance at the beginning of the year was weak.

Chery 102