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EV sales down by nearly 44% in Europe

Teslarati

Electric vehicles sales were down by 43.9% The European Union’s overall new car sales fell 18.3% For major car markets in Europe, like Germany, France, and Italy , the EV sales saw double-digit losses. According to the European Automobile Manufacturers’ Association (ACEA), Germany reported a 68.8% last month.

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Stellantis & Leapmotor joint venture gets approval from Chinese regulator

Teslarati

It acquired 20% of the Chinese automakers, making it a significant shareholder. Tesla’s China deals concerns chair of US Congressional Committee In a statement to Reuters , Leapmotor shared that its first EV model for the overseas market will be launched for sale in Germany, France, Italy, and Spain. billion in Leapmotor.

Chinese 111
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Stellantis production affected by cyberattack on Chinese supplier

Teslarati

Multiple car brands under Stellantis were affected by a cyberattack on Chinese supplier, Yanfeng International Automotive Co. Yanfeng supplies automobile manufacturers with car parts including electronics, seats, interiors, and other components. billion in the Chinese company.

Chinese 106
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EV sales continue to soar in China, hitting record tallies for a second consecutive month

Baua Electric

The China Association of Automobile Manufacturers (CAAM) has shared its new energy vehicle (NEV) sales numbers for October, showcasing that EV adoption is at an all-time high, surpassing September 2024, which was the previous record. PHEV sales are up 89.7% million units last month – an all-time record for the country.

China 52
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Car sales in China surge on back of exports, offsetting sales slump at home

Baua Electric

Read more Car sales in China picked up in June thanks to increase in exports amid EU hiking tariff on electric vehicles made in the country. However, China continues to see drop in sales domestically. Sales in China dropped 7.4 per cent while domestic sales edged up 1.6 Chinese EV exports were down 2.3

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

CN EV Post

NIO maintains its previously mentioned goal of doubling sales, despite greater challenges to meet the goal, said William Li. 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. Photo taken by CnEVPost.)

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China’s BYD tops 1.6 million BEV sales in 2023

Baua Electric

The Atto-3 SUV / Source: BYD Europe It was a huge year for profits at Chinese auto behemoth BYD. Adding up sales for all so-called new energy vehicles, including battery-only vehicles and hybrids, BYD sold 3 million vehicles in 2023. Tallying up its year-end sales, it’s a massive 62% growth from 2022. million vehicles.

BYD 52