Ford CEO Jim Farley told CNBC he thinks "GM and others are going to have a big choice to make.”
Month: May 2023
The Deepal S7 from Changan, Huawei and CATL has hit the production line in China. To launch tomorrow.
The post Changan Deepal S7 hits the production line in China. Tesla Model Y competitor appeared first on CarNewsChina.com.
In the first four weeks of May, retail sales of all passenger vehicles in China were 1,392,000 units, up 19 percent year-on-year but down 6 percent from the same period last month, according to the CPCA.
(Image credit: CnEVPost)
In the first four weeks of May, from May 1 to May 28, retail sales of passenger new energy vehicles (NEVs) in China were 483,000 units, up 82 percent year-on-year and flat compared with the same period last month, according to data released yesterday by the China Passenger Car Association (CPCA).
So far this year, China's retail sales of passenger NEVs were 2.236 million units, up 43 percent year-on-year.
Wholesale sales of passenger NEVs in China from May 1 to 28 were 550,000 units, up 81 percent year-on-year and up 1 percent from the same period in April, according to the CPCA.
So far this year, wholesale sales of passenger NEVs in China were 2.658 million units, up 49 percent year-on-year.
In the first four weeks of May, retail sales of all passenger vehicles in China were 1,392,000 units, up 19 percent year-on-year but down 6 percent from the same period last month, the CPCA said.
So far this year, cumulative retail sales of passenger cars in China were up 2 percent to 7.287 million units.
This means that the penetration of NEVs at retail in China was 34.7 percent in the first four weeks of May and 31.9 percent so far this year.
In the first week of May, May 1-7, the average daily retail sales of passenger cars in China were 54,000 units, up 67 percent from the same period last May and up 46 percent from the same period in April.
In the second week of May, from May 8 to 14, the average daily retail sales of passenger cars in China were 48,000 units, up 44 percent over the same period last May and up 6 percent over the same period in April.
In the third week of May, from May 15-21, the average daily retail sales of passenger cars in China were 48,000 units, up 15 percent from the same period last May but down 12 percent compared with the same period last month.
The average daily retail sales of passenger cars in China for the fourth week of May were 50,000 units, down 17 percent year-on-year and down 33 percent from the same period last month.
The last three days of April were the Labor Day holiday, while the last three days of May are normal sales time, so the month-end increase is still worth looking forward to, the CPCA said.
The post China NEV retail at 483,000 in 1st 4 weeks of May, flat from same period last month appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Deliveries will start later in July. Mercedes controls 10% share in Denza.
The post BYD’s Denza N7 to launch in June with vehicle-to-vehicle charging and Huawei’s HarmonyOS support appeared first on CarNewsChina.com.
The second-generation all-electric SUV is quite the attraction in China, it seems.
We also get a good look at the interior which features a 12.3-inch central screen and a soundbar that's as wide as the windshield.
Plugin vehicles are all the rage in the Chinese auto market. Plugins scored over half a million sales last month, up 93% year over year (YoY). That pulled the year-to-date (YTD) tally to over 1.9 million units. Share-wise, with April showing another great performance, plugin vehicles hit 35% market share! Full electrics (BEVs) alone accounted […]
The company’s decision comes after the recent announcement that Ford EVs will be equipped with the NACS plug.
The company’s decision comes after the recent announcement that Ford EVs will be equipped with the NACS plug.
Geely is in the early stages of planning its entry into Thailand's EV market, including weighing imported and locally made models, Reuters reported.
(A car displayed by Geely's Livan brand at the Shanghai auto show in April 2023. Image credit: CnEVPost)
Thailand is a key stop for Chinese automakers as they expand internationally, with Geely reportedly becoming the latest to target that Southeast Asian market.
Geely is in the early stages of planning its entry into Thailand's electric vehicle (EV) market, including weighing imported and locally built models, Reuters reported today, citing two people familiar with the matter.
Considerations include whether to sell entry-level EVs in Thailand, as well as an electric pickup truck under its new Radar brand, the people said.
Thailand's Board of Investment held discussions with five major Chinese automaker makers, including Geely, during a road show in China in April, the report said, citing Narit Therdsteerasukdi, the board's secretary general.
The other companies are BYD, Changan Automobile, JAC Motors and Jiangling Motors, according to the report.
Discussions with Geely have faced additional complications because the company has given working-level autonomy to brand-level operating groups such as Geometry and Radar, the report said, citing a person familiar with the matter.
Geely needs to decide what models to bring to Thailand, and its review includes the possibility of building a plant in Thailand, according to the report.
Geometry, an EV brand Geely launched in 2019, sold 57,877 units in the January-April period, up 73.54 percent year-on-year, according to data monitored by CnEVPost.
Radar, Geely's outdoor lifestyle brand unveiled in July 2022, launched its first model, the RD6 electric pickup, in China in November 2022.
The Thai government's goal is that EV production is expected to account for 30 percent of total vehicle production by 2030.
The country hopes to become a major EV hub in Southeast Asia, which provides an opportunity for Chinese automakers.
On March 10, BYD broke ground on its plant in Thailand, when the company held a ceremony to deliver the 9,999th and 10,000th BYD Atto 3s.
BYD's plant is expected to start production in 2024 with an annual capacity of about 150,000 units.
Hozon Auto's brand Neta also broke ground on a plant in Bangkok, Thailand, on March 10, which will be its main manufacturing base for building right-hand drive electric vehicles for export to ASEAN.
In addition to car companies, major suppliers in China's EV industry chain are also targeting the Thai market.
Gotion Singapore, a wholly owned subsidiary of Volkswagen-backed Chinese power battery giant Gotion High-tech, signed an agreement with Thailand's Nuovo Plus Company Limited on December 15, 2022, to set up a joint venture, according to a bourse announcement at the time.
The two parties plan to establish a joint venture company, NV Gotion Co Ltd, in Thailand to build a power lithium-ion battery pack production base, according to Gotion's announcement.
On May 13, 2022, CATL announced that it had signed a strategic cooperation memorandum with Thailand's Arun Plus to cooperate on battery-related businesses in the ASEAN region.
On May 3 of this year, a Reuters report said that Thailand was in talks with CATL and other battery manufacturers to build production facilities in the Southeast Asian country.
Geely Holding becomes 3rd largest shareholder of Aston Martin, increases stake to 17%
The post Geely reportedly plans to enter Thailand EV market appeared first on CnEVPost.
For more articles, please visit CnEVPost.