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Mercedes, Porsche, BMW stocks defy market downturn despite disruptions

Teslarati

The stocks of German luxury automakers, including Mercedes, Porsche, and BMW, have remained strong in recent months despite numerous disruptions. This is despite the near-constant supply shortages that have plagued (and continue to plague) the auto industry, notably in Europe. MBG stock chart by TradingView.

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China auto price war: BMW dealers offer discounts of up to $14,360 for i3

CN EV Post

(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. Cailian today quoted a Mercedes insider as saying there is no such thing.

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BloombergNEF shares its 2024 Electric Vehicle Outlook

Teslarati

The auto industry continues to shift toward electric vehicles (EVs), and while sales growth has slowed somewhat this year at many companies and in many markets, recent guidance shows that it may only be in the near-term. Last month, Bloomberg data suggested that the ongoing EV sales slowdown in the U.S.

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Germany’s auto industry – outrun by Tesla – to axe thousands more jobs

Baua Electric

Automotive suppliers, too, have made hefty investments in the shift to electric, and now they are seeing their markets being hit due to slower uptake than expected and the fact that car sales are “historically low,” reports the FT. FTC: We use income earning auto affiliate links. Get started here.

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Full CPCA rankings: Top-selling models and automakers in China in Feb

CN EV Post

This article contains 20 tables compiled by CnEVPost based on data from the CPCA, showing which models and car companies sold the most in China in February. The China Passenger Car Association (CPCA) announced on March 9 the top selling models and car companies in China in February, presenting a panoramic view of the Chinese auto industry.

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Full CPCA rankings: Top-selling models and automakers in China in Mar

CN EV Post

This article shares the CPCA's rankings of the best-selling models and car companies in China for March. The China Passenger Car Association (CPCA) announced on April 11 the top selling models and car companies in China in March, presenting a panoramic view of the Chinese auto industry. 4 Geely 90,175 93,378 -3.4%

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Insurance registrations for week ending Apr 9: Tesla 6,973, Li Auto 4,177, NIO 1,316

CN EV Post

The major sources that provide insurance registration data for China's auto industry have stopped sharing the data, but Li Auto (NASDAQ: LI) has shared content that allows us to still have access to some of the data. Tesla came in fourth with 6,973 units and Li Auto in fifth. Lexus was No.

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