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China Daily. China’s central government plans to implement a new policy in the first half of this year to encourage autoindustry consolidation and further the development of Chinese-brand passenger vehicles, an official from the Ministry of Industry and Information Technology said at a recent news conference.
China is targeting the cumulative production and sales of more than 5 million new energy vehicles, including fuel cell vehicles, by that time as well. However, generally speaking, the government continued, China has not achieved a breakthrough with new energy automobiles and core components of the key technologies.
China automaker JAC (Jianghuai Automobile Co) will sign a cooperation agreement on the export of 2,000 battery electric vehicles with US-based GreenTech Automotive Corp. GTA) to develop the US electric vehicle market. In February 2013, a sample EV was sent to the US for testing and performance inspections.
As part of those actions, which include hiring a new President and CEO (Anning Chen) for Ford China, Ford China is elevated to a stand-alone business unit reporting to Ford global headquarters. Success in China is critical as we reposition our global business for long-term success. —Ford President and CEO Jim Hackett.
GM China Advanced Technical Center’s Cell Fabrication Lab in Shanghai recently produced its first batch of battery cells. The GM China Advanced Technical Center recently produced its first batch of battery cells using advanced fabrication methods, an important milestone in the establishment of its battery material assessment capability.
The Volkswagen Group is launching a major electro-mobility campaign in China—the the biggest initiative for e-mobility in China’s automotive history, said Prof. Dr. Martin Winterkorn, CEO of Volkswagen AG, on the eve of the AutoChina motor show in Beijing. billion (US$25.1 billion) up to 2018. Earlier post.).
In conjunction with the start of AutoChina 2014 in Beijing, GM China President Matt Tsien announced that GM’s China joint ventures will make capital expenditures of about $12 billion between 2014 and 2017. China has been GM’s largest market since 2010, last year accounting for about one-third of its global sales.
An editorial in Japan’s Nikkei argues that Japanese automakers need to respond aggressively to compete in the rapidly changing global market for electric vehicles.both Toyota and Honda had until recently thought that the era of hybrids would continue for a while before electric vehicles began to gain popularity.
Among the coming developments, the Volkswagen Automotive Cloud will be extended step-by-step to further regions of the world and to be available in Europe, China and the USA—the core markets for the future full-electric, fully connected ID. Volkswagen is preparing its digital ecosystem for the core markets of the future ID.
Specifically, the firm estimates US auto sales will reach just 12.7 AlixPartners also estimates that on-going unemployment and underemployment could cost the autoindustry up to 1.5 Another market headwind is the stagnant US housing market. AlixPartners finds that the global vehicle market is on track to be 76.4
The government of China is targeting an average 10% growth for automotive industry production and sales in the next three years, according to an online government document providing details on the support package for the automotive industry, announced in January. By 2011, passenger cars with an engine displacement below 1.5
In this article, I’m analyzing at a high level what is happening to the autoindustry across propulsion types. continued] The post China & US AutoMarket — Chinese Auto Disrupting Everyone Else appeared first on CleanTechnica.
China is the world’s largest automotive market, and understandably so, an important one for electric vehicle (EV) makers like Tesla. market, the company’s recent release of a city EV with a price tag under $10,000 has some worried for when it and other low-cost companies do. automarket anytime soon , some U.S.
In this article, I analyze the competitive landscape of electric vehicles (EVs) in China, focusing on the Xpeng Mona M03 and others’ effect on the global automarket. continued] The post How Chinese Cars Like The XPeng Mona M03 Will Impact The Global AutoIndustry appeared first on CleanTechnica.
positioning BYD as a dominant player in China’s plug-in hybrid vehicles market. The Qin Plus DM-i and Song Plus DM-i took the 4 th and 8 th places, among PHEV market worldwide in August with sales of 13,043 and 8,731 units respectively. in April 2021 at the Shanghai Auto Show. BYD’s e-platform 3.0
Hyundai Motor Company has begun construction of a third plant in China to respond to growing demand in the world’s largest automobile market. Beijing Hyundai Motor Company (BHMC), a 50-50 joint venture between Hyundai Motor and Beijing Automotive Industry Holding Co., 28 in Shunyi District, Beijing.
The International Council on Clean Transportation (ICCT) and the China Automotive Technology and Research Center (CATARC) recently finalized a memorandum of understanding detailing the two organizations’ intentions to collaborate on a joint research project analyzing passenger vehicle technologies and costs in China.
The United States is the third-largest electric vehicle (EV) producer behind China and Europe; a new study from the International Council on Clean Transportation (ICCT) finds that the gap has widened. million and China grew from about 1 million to more than 1.25 million and China grew from about 1 million to more than 1.25
The University of California, Davis, and the China Automotive Technology and Research Center (CATARC) have entered a new agreement to work together to help speed the commercialization of plug-in and fuel cell electric cars in China. The collaboration is intended to help expand the global market for zero-emission vehicles (ZEVs).
(Image credit: CnEVPost) The price war is one of the most talked-about topics in China'sautoindustry 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.
Eaton Corporation’ superchargers will make their debut in China on selected new engines on three vehicle models from Chery Automobile Co., Fuel savings and emission reduction are the new themes for China’sautoindustry. the country’s leading independent automaker: Chery 1.6S Tiggo, 1.3S A3 and Riich 1.3S
However, the study reveals there has been an increase in interest in the US and Chinese markets. For example, over the last few years Ipsos has found the highest level of knowledge about BEVs in China. Source: Ipsos. Ipsos attributes this increased interest can be attributed to the greater level of familiarity with BEVs.
PowerGenix, a manufacturer of high-performance, rechargeable Nickel-Zinc (NiZn) batteries ( earlier post ), has entered the burgeoning micro-hybrid electric vehicle market with its first production prototype product. Micro-hybrids are about to become a fact of life in the autoindustry. Click to enlarge.
Driving the drop in sales was the emergence in December 2019 of the coronavirus (COVID-19) in Wuhan, China. The disease has spread rapidly and has already infected more than 95,000 people and caused at least 3,285 deaths worldwide (2,902 in China), according to the latest tally by Johns Hopkins CSSE. million units.
The recent price war in China'sautomarket has put a new emission standard that will come into effect in a few months' time in the spotlight. CnEVPost obtained the views of several local analysts, which provide references on what impact that new emission standard will have on the autoindustry.
The autoindustry has now grudgingly accepted that battery-electric cars will make up some portion of the world's new vehicles in years to come. But a milestone in that trend may have come today, in news from China.
China has a number of critical economic and environmental imperatives driving its pursuit of vehicle electrification, said the roster of plenary speakers at the SAE 2013 New Energy Vehicle Forum held in Shanghai this week. China wants to lead a revolution in transportation, not follow.
The results ranged from Germany’s 24% down to 8% in China. Consumers in China, the world’s largest automarket, were the most enthusiastic, at 84%. China is by far in the lead in that regard. Americans surveyed said they’d be willing to pay just a 9% premium—or $1,868 versus $1,709. —Mark Wakefield.
a new 50:50 joint venture that will offer a range of stylish and affordable all-electric vehicles for consumers in China under a new indigenous brand. Pending regulatory approval, the new JV will design, build, market and distribute all-electric passenger vehicles for China, the world’s leading electric vehicle market.
Driven by environmental problems, a growing autoindustry, and a big policy push, China’s advanced energy storage market will be worth $8.7 billion, according to a new report from Lux Research called “ Clearing the Haze: Demystifying Energy Storage Opportunities in China ”. billion, or 85% share of the revenues.
Price war has been the most talked about topic in China'sautoindustry this month, and the imminent implementation of a new emissions standard is seen as a major factor. On March 23, China'sAuto Dealers Chamber of Commerce (CADCC) called on regulators to delay the implementation of the China 6b emissions standard.
EV sales in China dropped 75.2% for the whole Chinese autoindustry. CRU expects the Chinese EV market will remain becalmed until at least April. Despite the steady decline of case numbers in China, many consumers continue to be wary of visiting dealerships. y/y in February, with a decline of 79.1%
Industrial and technology group thyssenkrupp has opened a new €10-million (US$10.9 million) development center for engine components in Dalian, China. The center in Dalian will focus on the development of innovative valve train products specifically for the Chinese market.
Groupe Renault and Brilliance China Automotive Holdings Limited have signed a contract for the formation of a joint venture to manufacture and sell light commercial vehicles (LCV) under the Jinbei, Renault and Huasong brands with the goal of achieving 150,000 sales annually by 2022 and an acceleration of electrifying powertrains.
Celebrating the start of pre-production, a first China-specific all-electric Volkswagen ID. The Volkswagen Group projects a total volume of 22 million all-electric cars worldwide by 2028, with more than 50 percent of that from China. family in China as well, a brand-new generation of fully electric and connected vehicles.
In a panel session entitled “Does Green Matter in a Try-to-Survive Market?” How big is the green market? Both Edwards and Miller believe that for the foreseeable future hybrid powertrains will not dramatically increase their market share until fuel prices remain high for an extended period of time. by Bill Cooke.
A screenshot from SAIC-Volkswagen's website shows the automaker's marketing of discounts.) A Volkswagen joint venture in China has started offering official discounts as the price war in the Chinese autoindustry continues. family models as the price war in China'sautoindustry intensified.
China has emerged as a world leader in electric vehicle adoption in recent years. According to the Wall Street Journal, “China’s car market snapped a three-year decline last year, helped by strong sales of electric vehicles.” pic.twitter.com/Za0IHf0QEV — Tesla Greater China […].
Based on January-February retail sales, BYD is already the largest automaker in China with an 11.8 percent share. | BYDDY.US | BYD HK BYD's new energy vehicle (NEV) sales are expected to maintain strong growth in the first quarter, despite the overall weak performance of China's passenger vehicle market. percent share.
The CAAM proposes that China's central and local governments continue to introduce policies to promote auto consumption, given the current weak market expectations. China's new energy vehicle (NEV) sales in March were 653,000 units, up 34.8 China saw BEV sales of 490,000 units in March, up 23.8
The narrative surrounding Tesla appears to have shifted for the better in China, with Xinhua News Agency , the official state-run press agency of the People’s Republic of China, recently posting a glowing analysis of the EV maker’s effect on the country’s auto sector.
China'sautoindustry is currently maintaining momentum in production and wholesale sales, but growth in the consumer market has been slightly sluggish, the CAAM said. The post China NEV sales reach record 714,000 units in Oct, CAAM data show appeared first on CnEVPost. For more articles, please visit CnEVPost.
Though enormous, BYD isn’t satisfied with dominating its home market and wants the rest of the Chinese electric autoindustry to come with it. Though it’s behind Tesla in global sales, BYD is king in China. The Chinese giant is one of the world’s busiest EV automakers, with almost 1.9 million units manufactured in 2022.
A rare price stampede is taking place in the Chinese automarket. Image from BMW China Weibo) As a large number of car companies in China are offering huge subsidies or price cuts, BMW is offering more than 100,000 yuan ($14,360) off its all-electric model, the i3, according to local media.
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