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Chinese-made cars account for one in five BEV sales in February in Europe | Autocar Professional

Baua Electric

JATO’s data revealed that these vehicles were responsible for 61% of total sales in February 2024, in comparison to the 62% registered in February 2019. Chinese-made cars drive growth In Europe, sale of cars made in China saw the highest levels of year-on-year growth in February 2024 (+45%) and in January-February 2024 (+43%).

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China’s Chery to set up shop in Europe

Baua Electric

Chinese automaker Chery is planning to make cars in Spain, where the EV market is at just 12%, half that of Portugal and France. Spain’s Industry Ministry said in a statement that the agreement would be formalized in the next few days, with Chery planning to start production in Barcelona, according to Reuters. Get started here.

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CATL warrants its new EV battery to last for a million miles or 15 years – Charged EVs

Baua Electric

Chinese battery supplier CATL and bus maker Yutong have partnered to launch an EV battery that’s warranted to last 1.5 Yutong’s buses are sold in over 40 countries, including Italy, France, the UK, Spain and Qatar. According to SNE Research , the company almost doubled its sales in the US and Europe last year.

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Stellantis’ JV approved, gaining exclusive rights to build and sell Leapomotor EVs outside of China

Baua Electric

Following the initial signing by both automakers, Stellantis said the venture was targeting 500,000 EV sales outside of the Chinese market by the end of the decade. While seeing OEMs from separate continents collaborate on EVs is nothing new, those partnerships usually pertain to sales in the Chinese market.

China 52
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Nissan Global Production Cuts Imperil CEO’s Recovery Plan

Baua Electric

On Thursday, Nissan slashed its operating-profit outlook to ¥500 billion for the year through March 2025, down from its prior forecast of ¥600 billion — far more than analysts had expected — due to weak sales in Japan and the US. These moves came after the company also halted production in Indonesia and Spain in the past few years.

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Nissan global production cuts imperil CEO’s recovery plan

Baua Electric

billion) for the year through March 2025, down from its prior forecast of 600 Yen billion - far more than analysts had expected - due to weak sales in Japan and the US. --> Nissan slashed its operating profit outlook to ¥500 billion ($3.3 These moves came after the company also halted production in Indonesia and Spain in the past few years.

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The Ford Focus is over, and so are thousands of jobs

Baua Electric

Rumors started brewing about the future of the plant in two years ago, when Ford made the call to build its next-gen EVs in Spain and not reboot and retrain workers at Saarlouis. BYD was reported to be among the companies interested, but the Chinese automaker has since announced it is opening its first European plant in Hungary.

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