Geely Auto Group, comprising Geely, Lynk & Co, ZEEKR, and Livan Auto brands, reported a sales volume of 150,835 units for the month of March 2024, witnessing a 39% YoY leap. In the month, its new energy vehicle sales amounted to 44,791 units, surging 65% from a year earlier. For ...
Li Auto’s employee told TMTPost that the preferential purchase policy is because the new 2024 models of L9/L8/L7 will be officially released and delivered in March. Also, the price reduction is in response to the continuous price competition from the three luxury brands, namely Mercedes-Benz,...
Swaps are discounting the chances at 100% for a -25 bp rate cut by the ECB at the March 6 policy meeting. US Stock Movers Amazon.com (AMZN) closed down more than -4% after forecasting Q1 net sales of $151.0 billion-$155.5 billion, weaker than the consensus of $158.64 billion. Home...
Looking at sales figures, the start of 2024 has been deeply negative brutally interrupting recent years momentum. While the second half of the year saw some improvement, full-year sales still fell 7.9% to 386,439 units compared to 2023. Looking at cumulative data up to December 2024 brand-wi...
CAAM commented the auto industry turned positive after a soft start and gradually improved through 2023. sales and output in the first two months dropped significantly, partially due to discontinuation of tax breaks for fossil fuel cars and new energy vehicle (NEV). From March to April, spending...
In March alone, sales of passenger vehicles went down 0.6 percent year on year to 1.86 million units. Sales of new energy vehicles, however, sustained a rapid pace of growth, surging 116 percent year on year. The country's carmakers manufactured 2.24 million vehicles in March, representing a...
BEIJING, March 11 (Xinhua) -- China's auto industry posted a strong performance in February, with both production and sales recording double-digit growth, driven by strong market vitality and accelerated production activity, industry data showed Tuesday. Total auto output reached more than 2.1 ...
the gross profit of Geely Auto Group was 7.15 billion yuan, a significant rise of 51% compared to the 2023 Q1. Geely Auto achieved rapid growth in both revenue and profit, securing a solid cash flow to enhance product value and service quality. As of March 31, 2024, Geely Auto's total...
11/12/2024 The third episode of Autopromotec Talks took place in Rome: Made in Italy as the protagonist The third Autopromotec Talk was held in Rome on 10 December, entitled ‘When every part counts: the value of Made in Italy in automotive components and after-sales’, moderated byGiuse...
The Dutch EV segment has been growing consistenly since 2020, with 90,391 electric cars sold up to December 2024—a 27.6% increase from the previous year. While EVs made up 19.4% of total car sales in 2023, their share rose to 23.9% in 2024. ...