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In particular, the New Energy Vehicle (NEV) sales reached 80,003 units, soaring 262.9% By the end of October, the cumulative annual sales of BYD passenger vehicles topped 200,000 units. So far, BYD Han’s cumulative sales have exceeded 130,000 units, with increases for seven consecutive months. year on year (YoY) and 12.5%
It’s time for another look at how the US autoindustry has changed in recent years, in this report focusing in on the 4th quarter and extending from 2024 back through 2019. Let’s dive in and see how things have changed across the industry first, before narrowing down to the.
Following our report on Q4 autosales in the US, including pure electric vehicle (EV) sales versus fossil fuel vehicle (FFV) sales, we’ve got a new, much bigger report well, it’s the same size and type of report, but it’s for full-year sales rather than 4th quarter sales.
TTTech Auto , the Vienna-based provider of automotive safety software, is expanding its operations with a dedicated subsidiary in China. TTTech Auto already has a presence in the Chinese market through its joint venture Technomous operated together with SAIC Motor, China’s largest automotive manufacturer.
Last week, I reported on BYD’s climb up the ranks of the top selling automakers or auto groups in the world. continued] The post BYD Becomes 3rd Best Selling Auto Brand in World! However, one clear ranking that. CHART) appeared first on CleanTechnica.
The companies are joining efforts to implement the carbon-negative UBQ thermoplastic ( earlier post ) into auto parts manufactured by Motherson Group for the automotive industry. UBQ Industrial Grade. As a bio-based composite thermoplastic material, UBQ Industrial Grade can replace plastic polymers in hundreds of applications.
Partnership builds on existing relationship to deliver increased automation and sustainability for auto parts production New joint venture agreement signed by both parties on December 30th 2021 and expected to commence operation in Q2, 2022. Both parties agreed not to disclose any further details about the investment.
The Government of Canada is setting a mandatory target for all new light-duty cars and passenger trucks sales to be zero-emission by 2035, accelerating Canada’s previous goal of 100% sales by 2040.
Increasing future sales for BEVs will rely on companies improving awareness of their product. The autoindustry has seen this need to improve familiarity in the past, with some advanced driver assist features such as ACC and even autonomous driving.
Volkswagen Group executives laid out the basics of the new Group strategy “NEW AUTO – Mobility for Generations to Come”, which will see the Group realign from being a from vehicle manufacturer to a leading, global software-driven mobility provider. Like the MEB today, the SSP will be open to other auto manufacturers.
BloombergNEF (BNEF) is out with an aggressive forecast that projects electric vehicles taking up 57% of the global passenger car sales by 2040—slightly higher than it forecast a year ago—and electric buses with 81% of municipal bus sales by the same date. Their use case will mostly be in shorter-distance applications.
However, numerous flawed assumptions in the draft rule are misleading and overstate potential unfavorable impacts on safety, societal cost of the regulation and new vehicle sales. The US aluminum industry continues to make significant investments to meet growing demand for automotive aluminum. —Mario Greco.
TTTech Auto and ZettaScale Technology are partnering to provide advanced communication technologies for software-defined vehicles. It will serve as a foundation to enable the extension of the vehicle life cycle via after-sales application updates. —Friedhelm Pickhard, Chief Growth Officer of TTTech Auto.
Honda last week announced key targets for sales of electrified vehicles in North America, with a plan to make battery-electric and fuel cell electric vehicles (BEVs and FCEVs) to represent 100% of its vehicle sales by 2040, progressing from sales of 40% by 2030 and 80% by 2035. Honda SUV e:prototype shown at Shanghai 2021.
It’s time for another one of our quarterly US autosales reports. No other media outlet compares US autoindustry trends with as much history and depth as we do in these.
The US autoindustry continues to grow following its long recovery from the COVID-19 epidemic and economic shutdown of 2020–2021. continued] The post US AutoIndustry Rose 8% in 4th Quarter, While EV Industry Grew 29% appeared first on CleanTechnica.
Farizon Auto, the new energy commercial vehicle brand from Zhejiang Geely New Energy Commercial Vehicle Group (a subsidiary of Geely Holding) raised more than US$300 million in its first external financing round. Farizon Auto’s new energy semi, the Homtruck, is planned for delivery in early 2024. Earlier post.). Earlier post.).
Volvo Cars reported sales of 42,067 cars in February, a decline by 17.2% Sales of Volvo Cars’ Recharge models made up for 33.0% Sales of fully electric cars increased by 229.5% of total sales. Recharge sales increased by 7.0% of total sales. of total sales during the period. and made up 7.2%
Driving the drop in sales was the emergence in December 2019 of the coronavirus (COVID-19) in Wuhan, China. This has created a knock-on effect for both vehicle sales and production, with dealerships devoid of customers and factories at a standstill with no one to operate them. Sales in the world’s single largest vehicle market sank 33.1%
It’s time for another quarterly report on US autosales. Like a few other major news outlets, I track total quarterly sales of the US autoindustry, but I also conduct a thorough analysis of the trends of each automaker.
The COVID-19 has hit the Chinese EV sector hard; CRU, a provider of business intelligence on the global metals, mining and fertilizer industries, believes that weak sales will last at least until early Q2 2020. Nonetheless, it continues to forecast Chinese EV sales growth in 2020 over 2019’s total.
The US autoindustry is in a very interesting place. In this US autoindustrysales report, I compare 1st quarter (Q1) sales going back 5 years. continued] The post US AutoSales Up 5% in Q1 vs.
In 2019, full electric vehicle (EV) sales were 1.4% of US autosales. In 2020, they had risen to 1.7%, [continued] The post EV Sales Rise to 7.2% of US AutoSales, Tesla 4.3% of AutoSales appeared first on CleanTechnica.
US autosales were up 1% in the 3rd quarter of 2022 compared to the 3rd quarter of 2021, but they were down 13% compared to the 3rd quarter of 2020 and down 21% compared to the 3rd quarter of 2019, which we use as a bit of a control year since it was before […].
The average daily sales conversion rate of 65.2% Pickups had the smallest year-over-year gains, vans had the largest at 59.6%, and both non-luxury car segments outpaced the overall industry in seasonally adjusted price growth. Auto loan performance continues to deteriorate. Auto loan performance deteriorated again in October.
Volkswagen and Stellantis are seeing tough times ahead as sales skitter and factory closures are in the offing for both companies. The post European AutoIndustry Turmoil At Volkswagen & Stellantis Likely To Accelerate In 2025 appeared first on CleanTechnica.
Honda transmission and engine plants in North America that serve Honda auto plants also will suspend production for the same time period. billion in sales activity and generated $4.1 Honda will suspend production for six days beginning 23 March, with current plans to return to production on 31 March.
We recently produced several exclusive reports on US electric vehicle sales and overall US autoindustrysales trends. continued] The post US EV Sales Up 385% Since 2019, Normal “ICE” Vehicle Sales Down 14% appeared first on CleanTechnica.
With 4G handsets now representing 95% of domestic sales, market saturation has resulted in mobile phone sales through to July dropping by 5% year-to-date. Chinese EV sales through to July totalled 696,000 this year. Portable electronics have long been the mainstay of lithium demand. Although this marks an impressive 41.5%
The US autoindustry is bouncing back compared to the past couple of years, but it’s still significantly below its. continued] The post US AutoSales Down 8% in Q3 2023 vs. Q3 2019 appeared first on CleanTechnica.
Ltd ( CATL ), a leading global supplier and manufacturer of lithium-ion battery products for electric vehicles (EVs) and energy storage facilities, is renewing its commitment to the US market by opening its first North American sales and service facility. In the US, this represented a rise in fully electric car sales of 47%.
TTTech Auto, a Vienna-based technology leader in automotive safety software, raised US$285 million (€250 million) from Aptiv PLC and Audi in its latest funding round. With this latest funding round and a valuation of more than US$1 billion, TTTech Auto confirms its strong position amid a growing number of auto tech unicorns.
Tesla does not report its weekly sales figures in China, though a general idea of the company’s performance in the country’s domestic auto market can be inferred through new vehicle registration data. Fortunately, new car registrations are closely tracked and reported by industry watchers, as well as some automakers like Li Auto.
The main lobby group of the German automobile industry has recommended that all fossil fuel sales should be ended in Germany by 2045, but it’s still advocating for less-efficient e-fuels over rapid electrification.
Cumulative electric vehicle sales and production from 2010 through 2020, in major regions (based on EV-Volumes, 2021). The US market has remained steadily behind with fewer than 360,000 EV sales annually from 2018 through 2020, whereas Europe saw explosive growth from 390,000 to more than 1.3 Source: The ICCT. —Nic Lutsey.
With consumers in a wait-and-see mood, orders and transaction rates did not increase significantly, and auto demand recovered less than expected, the CADA said. Many automakers in China launched rare price wars in March to try to boost sales. The Vehicle Inventory Alert Index for China's auto market was 62.4 Of those, 20.5
The report notes that 2036 is the crossover year when all-electric passenger vehicles are predicted to overtake sales of ICE-equipped equivalents. While we forecast global EV sales to grow by a remarkable 21% CAGR over the next decade, the increase in battery production and capacity will be even higher.
Albemarle, a leading global producer of lithium, bromine and catalyst solutions, expects lithium industry demand to reach 1.14 million MT LCE (lithium carbonate equivalent) by 2025—approaching approximately 30% CAGR—driven by increasing EV sales volumes and battery sizes.
After its meteoric rise in the global autoindustry last year, the Chinese EV giant is off to a hot start in 2025. Even more impressive, BYDs overseas sales doubled to start the year as it expands into new markets. BYD sold over one million EVs and plug-in hybrids in the first three months of the year.
It’s time again to look back on quarterly US autosales, comparing Q3 2024 to Q3 2023, Q3 2022, Q3 2021, Q3 2020, and Q3 2019. In other words, we’re going way back to try to get a good picture of autosales trends in the country. Of course, a.
I just published our big quarterly report on US autosales trends in the past 5 years, including brand-specific trends. I’ve crunched the numbers to determine changes in electric car sales and changes in fossil fuel car sales across. However, I’ve done something else this quarter for the first time.
(Image credit: CnEVPost) Low consumer sentiment in the wake of the Covid wave has led to weak autosales in China, though the situation is expected to see relief in the second quarter, and the launch of new models and lower lithium carbonate prices are also encouraging, according to Deutsche Bank. million to 1.75 million to 1.75
One of the hottest topics of the year in the autoindustry has been hype about EV sales drooping, or at least not living up to expectations. continued] The post US EV Sales Up 170% in 1st Quarter vs. 1st Quarter of 2021 appeared first on CleanTechnica. How much substance is actually in that hype?
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