it was because their products were widely used in the US. But the majority of Chinese-made cars are running inside China. There are barely any Chinese cars being sold in the US today, let alone the latest models. That makes the White House’s position...
In 2019, Chinese carmakers sold about $2.2 billion worth of vehicles across Latin America, according to the International Trade Center. By last year, the value of Chinese vehicles sold in the region almost quadrupled to $8.56 billion, accounting for roughly 20 percent of the region's car mark...
In the first eight months of this year, a total of 727,000 NEVs were shipped overseas from China, up 110 percent year-on-year. However, data from the International Energy Agency showed that Chinese EV exports only accounted for 16 percent of those sold in Europe in 2022. Moreover, most ...
Royal Enfield Outsells Harley-Davidson Globally: In a Proper (Harley) David (Son)-vs-Goliath Scenario, Chennai-Based Royal Enfield Has Just Managed to Sell... During the first six months of 2013, the US auto giant General Motors Co. outsold Volkswagen AG of Germany in China, driven by ...
(EVs). In addition, levies on lithium-ion EV batteries have jumped from 7.5% to 25% and have doubled from 25% to 50% on semiconductors. The US government has declared these punitive measures a necessary response to protect the US auto industry from a flood of cheap Chinese imports, ...
BYD Co. Ltd, the top new energy vehicle (NEV) maker in the world, said it sold 302,459 NEVs, including battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), in March, increasing 46.06% year-over-year (YoY). The sales more than doubled from a month ago wit...
China is crucial "because 90 percent of everything sold online comes from there", Webb said, adding that the US market has "a huge appetite" for Chinese-manufactured goods, from selfie sticks to EV charging stations. All of those goods are being manufactured in China and brought to the US...
A small “skunkworks” team is designing a new, small EV from the ground up to keep costs down and quality high, he told analysts earlier this year. Chinese makers, Farley said, sold almost no EVs in Europe two years ago, but now they have 10% of the electric vehicle market. It’s...
The goal would put BYD almost at par with Ford Motor which ranked sixth by global sales in 2023 with 4.4 million vehicles sold. BYD attributed the extra sales growth to this year's introduction of new models with its latest plug-in hybrid technology known as DM-i 5.0,...
Sales of new energy vehicles (NEVs) in China overtook conventional auto sales for the first time ever in July, and now account for more than half of all units sold during the month. “As EVs outsell conventional petrol cars, more existing production facilities and workers will become ...