This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Chineseelectric vehicle sales have hit 31 percent of the overall market, with 25 percent being pure EVs, a substantial growth year-over-year. According to a report by CleanTechnica , sales of electrified vehicles in May hit 31 percent of the overall market with 25 percent being fullyelectric vehicles.
Volvo announced it planned to build its new low-cost EX30 at its Ghent plant in Belgium last October. With EV imports from Chinese automakers like BYD and MG surging, the EU claims unfair government subsidies are promoting the growth. Volvo’s fullyelectric cars accounted for 25% of all vehicles sold last month.
Volvo began building its new low-cost EV, the EX30, in Zhangjiakou, China, last fall. The EX30 is “one of the best-selling fullyelectric cars in Europe” in its first few months on the market, according to Björn Annwall, chief commercial officer and deputy CEO at Volvo Cars. It also features up to 275 miles range.
Another low-costelectric vehicle is headed to the US. A $25,000 Jeep EV is coming to the US soon Jeep’s first fullyelectric vehicle for the US will officially debut this week. Tavares said he expects the company’s EVs to reach cost parity with gas-powered cars within the next three years.
To boost sales and fend off low-costChinese rivals, Kia will introduce a new lineup of affordable EVs in addition to hybrids starting this year. In response to “the slowdown in EV demand growth,” Kia plans to launch more hybrids while introducing new low-costelectric models. million in 2030.
To boost sales and fend off low-costChinese rivals, Kia will introduce a new lineup of affordable EVs in addition to hybrids starting this year. In response to “the slowdown in EV demand growth,” Kia plans to launch more hybrids while introducing new low-costelectric models. million in 2030.
The company highlighted its new lineup of vehicles , including its first fullyelectric vehicle, the Mustang Mach-E. It’s our first fullyelectric vehicle for the region and is truly one of the most exciting vehicles Ford has ever produced.” The Middle East is another key overseas auto market shifting to electric models.
Toyota wants a bigger share of the worlds largest EV market with a new low-cost EV rolling out. Now available for pre-orders in China, the Toyota bZ3X electric SUV starts at just $13,800 (100,000 yuan). Like the bZ3C, the new electric SUV is specifically designed for Chinese buyers. Intelligent Driving System.
BYD’s Blade batteries power Tesla, Ford, Kia, Hyundai, Toyota, and other popular electric vehicles from major automakers. The batteries are installed in most BYD models, such as the low-cost Seagull, Dolphin electric hatch, and Atto 3 SUV. The batteries are a major reason behind BYD’s success.
BYD Atto 3 (Source: BYD) After dominating their domestic market, Chinese NEVs are now expanding overseas. Electric vehicles pushed China past Japan to become the global auto export leader. Now, the automaker has several fullyelectric models below or close to the 100,000 yuan mark.
Ford sold 8,242 fullyelectric vehicles in the US last month, up 31% (6,280) from July 2023. Farley stressed that Tesla and low-costChinese OEMs are the ultimate competition. Although Ford’s EV sales rose by double-digits in July, fewer SUV sales led to lower US growth.
The fullyelectric BYD Atto 3 SUV was the top-selling electric model, with over 19,200 units delivered. Ford’s CEO Jim Farley called the low-cost EV “pretty damn good,” warning the competition of incoming Chineseelectric cars. Its first low-cost EVs will be a smaller pickup and SUV.
BYD, the Chineseelectric vehicle (EV) manufacturer, experienced a significant increase in EV sales in January, with sales growing nearly 50% compared to the same month last year. In January alone, BYD sold 105,304 fullyelectric cars, marking a 48% increase from the 71,338 vehicles sold in the previous year.
Denza claims it will be “the pioneer in building Chinese new energy luxury sedans into world-class vehicles.” Source: Denza) China’s leading automaker sold over 300,000 fullyelectric vehicles in the first three months of 2024, up 13% over last year. Egger said, “The design is simultaneously spirited and deluxe.”
Skoda not only leads Europe’s largest car maker Volkswagen Group’s operations in India, it also steers the low-cost vehicle architecture projects, for both internal combustion engines (ICEs) and electric vehicles (EVs). The low market share of the remaining OEMs in the mass market space makes it tough for them to survive.
The son of Chinese immigrants, Yeung was also part of Ford power-train lineageboth of his parents also were engineers who developed engines at the iconic company. new-car sales were fullyelectric models, and Tesla accounted for roughly three-quarters of those. and many low-cost options in China.
last month, but battery electric vehicle sales decreased by only 58.1%. In Germany, statistics from the Federal Motor Transport Authority reveal that total car registrations in March fell by 38% while fullyelectric cars actually grew by 56% and hybrids by 208%. 3 is manufactured, one week ahead of all other plants.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content