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But it was the positive economic situation across the continent that boosted results, JATO said, as midsize markets such as the Netherlands, Poland and Sweden all posted increases, and smaller markets like Hungary, Greece, Romania, Croatia and Lithuania similarly posted significant increases. There were 2.92 million registrations.
SUVs were a key driver of growth in February, with the volume of vehicles registered up by 24.7% compared to the same month last year, meaning SUVs accounted for 33% of the total market in February. Demand for SUVs continued to rise, with the segment’s volume up by 24.7% in February 2018, with a total of 67,900 SUVs registered.
Poland, Slovakia, Luxembourg and Lithuania all posted record levels of volume, while it was the best year since 2007 for Spain and Estonia, and the best year since 2008 for Romania, Hungary, Croatia and Latvia. Despite growing at a slower rate than in previous years, the shift from traditional cars to SUVs continued in 2018.
Mercedes-Benz Cars plans to launch more than ten electric cars by 2022 throughout all segments, from smart to large SUVs. The company assumes that unit sales of electric models will represent a share of somewhere between 15 and 25 percent of total Mercedes-Benz sales by 2025.
The Tesla Model Y seems to have earned the top-selling spot in Europe last month, marking the second time this year the SUV has become the best-selling vehicle. Preliminary data shows that the electric SUV sold 28,680 units during the month, dropping by about 3.6 percent from the previous month. percent from the previous month.
In terms of market share, electrified vehicles represented 75% of all passenger cars registrations in Norway; 33% in Sweden; 31% in Finland; 22% in Netherlands; and 17% in Hungary. As EVs have increasingly become a viable alternative to gasoline and diesel cars, SUVs are now struggling in the competitive environment. from last year.
million square meters, the Beijing-compact car site complements the current Mercedes-Benz’ compact model plants in Rastatt (Germany) and Kecskemet (Hungary) as well as the Valmet Automotive plant in Finland. The GLA is, after the GLK, the second SUV that is manufactured in China.
BYD is launching three new battery-electric passenger vehicles in Europe at the Paris Motor Show, including the BYD ATTO 3, a C-segment SUV designed with the European customer in mind; the BYD TANG, a 7-seater with variable all-wheel drive; and the sporty sedan BYD HAN. Global leader in new energy vehicles.
With the production launch of the electric compact SUV EQA at the Rastatt plant (Germany) and the current decision to locate EQB production in the Hungarian plant in Kecskemét, the company is taking further important steps toward making its product portfolio CO? The EQA production launch at the Mercedes-Benz Rastatt plant went smoothly.
More than ten new electric passenger cars are scheduled to be launched by 2022 in all segments from smart to large SUVs. The company assumes that the proportion of electric vehicles in the total unit sales of Mercedes-Benz will be between 15 and 25 percent by 2025. Earlier post.) Ten billion euros (US$11.2 Earlier post.).
“Polestar remains confident of a stronger second half of the year, particularly in the fourth quarter as sales of the two premium SUVs build,” the company writes in the release. Polestar also began delivering the Polestar 4 this month, its first effort in the SUV coupe segment with a range of up to 620 km (~385 miles).
To prove it, BMW released pictures of its near production-spec mid-size Tesla Model Y-rivalling SUV ahead of its late 2025 launch. Revealing the next BMW iX3 at its production home in Debrecen, Hungary, BMW said the purpose of the new tease is to highlight that trial production has already kicked off at its completely overhauled plant.
The company France, Czech Republic, Slovakia, Hungary, Poland, Thailand, and Brazil through local distribution partnerships. Marius Hayler will succeed Alexander Hørthe as a sales leader in both Norway and other nearby countries. StoreDot’s XFC battery charges from 10 to 80 percent in 10 minutes ft.
VW reports BEV sales of 70,628 units last year, a 12% increase, compared to Tesla’s 63,685, a 9% drop. Electrek reported last week that BYD is dropping prices of its EVs in Germany by as much as 15%, with its Atto 3 compact SUV seeing the biggest cuts. While VW beat Tesla in Germany, it trailed by a long shot in EV sales in France.
Chinese EV behemoth BYD may bring two off-road electric SUVs sold in China to Europe that could rival the Land Rover Defender, the Mercedes G-Class, and Ford Bronco. BYD may consider exporting two SUVs – the Yangwang U8 and the Fang Cheng Bao 5 – to Europe, company executives told Automobilwoche. Last year, the company sold 1.6
In addition to expanding its own retail footprint, Polestar is deploying new non-agency sales models and has announced seven new markets it will begin selling to next year. Since that debut, the automaker has announced several new models in its pipeline, including the Polestar 3 , which will soon begin sales and deliveries.
The Atto-3 SUV / Source: BYD Europe After recently reducing prices of its refreshed Han and Tang models , Build Your Dreams (BYD) just launched a new version of its top-selling EV Yuan Plus – known as the Atto 3 in overseas markets – to $16,644 in China, making it one of the lowest-priced EVs out there. Get started here.
After its fifth straight record sales month, BYD is now closing in on top global automakers like Ford. October was BYD’s fifth straight record-breaking month for NEV sales, including plug-in hybrid (PHEV) and battery electric (EV) models. New facilities are coming online soon in Hungary, Brazil, Pakistan, Turkey, and Mexico.
BMW still aims for about 50% global EV sales by the end of the decade, in line with a plan the automaker rolled out in 2021 , but still isn’t ready to declare an end date for internal combustion. The 5-Series is also available with gasoline engines, and as the all-electric i5. The Neue Klasse marks yet another swerve for BMW.
BYD sales topped the 500,000 mark in October, its first time achieving the feat. After its fifth consecutive record sales month, will BYD take the global EV lead over Tesla this year? October was BYD’s fifth straight record-breaking month for NEV sales. October was BYD’s eighth straight month with higher PHEV sales.
However, the company is “just getting started” in the region, says Europe CEO Michael Shu, and expects to ramp up sales quickly. Although Shu said increasing sales will take time, it expects to gain EV market share in Europe this year. BYD aims for a 5% share of EV sales in Europe, even before production begins in Hungary.
BYD tops SAIC to become China’s largest auto group After sales surged by 62%, with over 3 million vehicles sold last year, BYD officially became China’s best-selling brand. BYD is now China’s largest auto group after topping SAIC in September sales. September was BYD’s fourth consecutive record-breaking sales month.
Although IONIQ 5 and 6 sales slipped last month, they are still up 25% and 54% year-to-date, respectively. Meanwhile, sister company Kia continued its record-setting performance in July after EV sales nearly doubled YTD. Kia’s new EV9, its first three-row electric SUV, is a major part of its growth. Hyundai invested around $7.6
The all-new 2025 Cupra Terramar has been teased ahead of its September 3 reveal and Australian launch next year, and even from our first glimpse of its rear tail light it’s shaping up to be one of the sportiest mid-size hybrid SUVs money can buy. Based on Volkswagen’s MEB architecture, the Tavascan shares much with the VW ID.4
BYD teases new luxury EV interior ahead of its debut The company’s head of brand sales, Zhao Changjiang, confirmed Denza would launch the Z9 at the 2024 Guangzhou Auto Show on November 15. The new luxury EV will follow the Denza Z9 GT , which opened pre-sales in August, starting at $47,700 (339,800 yuan). billion) and revenue ($28.2
VW reports BEV sales of 70,628 units last year, a 12% increase, compared to Tesla’s 63,685, a 9% drop. Electrek reported last week that BYD is dropping prices of its EVs in Germany by as much as 15%, with its Atto 3 compact SUV seeing the biggest cuts. However, Tesla lost its No.
BYD went on a hiring spree over the past few months as sales and profits reached new levels. As vehicle sales continue gaining momentum in China and overseas, BYD went on a major hiring spree to help fuel the expansion. Through October, BYD’s NEV sales topped 3.25 After selling a record 1.1 billion (RMB 11.6 billion (RMB 201.1
BYD is now set to begin production at its new EV plant in Thailand in the third quarter as it looks to accelerate overseas sales. The fully electric BYD Atto 3 SUV was the top-selling electric model, with over 19,200 units delivered. The fully electric BYD Atto 3 SUV was the top-selling electric model, with over 19,200 units delivered.
Evo, used for its new Tesla Model Y-rivalling Sea Lion 07 electric SUV. Sales are expected to kick off in the next few months, with exports likely in 2025. Its Hungary plant is already under construction and is expected to begin production next year. The Ocean-M is based on its new e-Platform 3.0
Hyundai’s top-selling IONIQ 5 set a new monthly sales record in May, with 4,449 units sold. Hyundai’s IONIQ EV brand sales are up 42% YOY as of May. 2024 Hyundai IONIQ 5 interior (Source: Hyundai) Although the battery unit will come online about a year later, it will be sourced from Hyundai’s Hungary plant.
Tesla topped BYD by about 25,000 units last year for the global EV sales crown. According to the auto association, the EV giant sold nearly 15,500 vehicles last year, its first full sales year. With new models arriving, BYD expects rapid sales growth in Indonesia this year. After selling a record over 4.27
In CY2023, BYD’s cumulative annual NEV sales soared to 3.02 million units, solidifying its status as the global leader in NEV sales. A variety of models from its extensive brand portfolio have consistently led sales rankings within their individual categories. In 2023, BYD’s cumulative annual sales of NEV soared to 3.02
BYD plans to more than double its overseas sales this year, as it aims for one million in 2025. We reported earlier this month that BYD looks to crush gas-powered car sales with its newest platform. For example, BYD is building a plant in Hungary that will “be Europe, for Europe.” Its main target is gas-powered vehicles.
BYD is already a leading EV brand in key regions like Southeast Asia and Central and South America, but it expects sales to accelerate in the next few months. The EV giant opened its first manufacturing plant in Thailand earlier this year, and more are planned for Hungary, Brazil, Mexico, Pakistan, and Turkey. billion (RMB 11.6
In October, BYD sold over 500,000 new energy vehicles (NEVs), its fifth straight record sales month and the first time it has crossed the half-million mark in a single month. As it finalizes plans for yet another EV manufacturing plant, this time in Cambodia, BYD will set up shop next to newly opened Ford and Toyota facilities.
It’s all part of the Chinese brand’s ambitious plan to set up three brands in Europe and launch three new models for each brand, all by 2026 – yet, unfortunately, Chery wants to bring ICE vehicles along with its low-cost EVs, including a luxury gas-burning SUV brand that it already sells in China. Get started here.
Traffic cones fly by in the side windows like mailboxes on a country road until I let off the pedal and let “B” mode’s regenerative braking lasso this electric SUV down for a gradual right turn back into its parking spot. Audi farms dual motors for the Q6 E-Tron in Hungary, rated at 140 kw in front and 250 kw in the rear.
The main factors contributing to the increase of new passenger cars’ emissions in 2018 include the growing share of gasoline cars in new registrations, in particular in the sport utility vehicle (SUV) segment. million new cars sold in the EU and in Iceland in 2018—almost one out of three—were SUVs. of sales in 2018.
BYD credited the Q2 profit surge to rebounding vehicle sales, which reached a new record. BYD record vehicle sales lead to higher Q2 profits BYD announced net income reached RMB 9.06 billion), driven by higher vehicle sales. Although most of BYD’s sales are still in China, the company is quickly expanding overseas.
20 February 2025 Read next What to expect from Hungarys automotive market in 2025 20 February 2025 Read next What was the best-selling EV in Europe in 2024? 19 February 2025 Strong retail sales and high consumer expenditure point to a generally healthy market. Retail sales of new vehicles are expected to reach 1.01
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.
Vision Neue Klasse Vision sedan On the heels of announcing its record year in sales of all-electric vehicles last year, BMW says it is now investing $711 million (€650 million) to convert its main factory in Munich to exclusively produce electric vehicles by the end of 2027. It expects to sell half a million BEVs this year.
As a preview of the brand’s next C-segment SUV, it features a strong look that belies its aerodynamic prowess. Meanwhile, the Vision Neue Class X brings the same design philosophy to the SUV market. Subject to provisional EU tariffs , the carmaker confirmed its Hungary plant would be operational by the end of 2025. EVO platform.
Affordable EVs driving demand According to MarkLines (via Nikkei ), BYD’s new vehicle sales climbed 40% between April and June to 980,000. A big part of BYD’s surging sales numbers is its incredibly affordable electric cars. Meanwhile, much of BYD’s success this year is thanks to growing overseas sales.
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