Etiqueta: Europe

In a striking forecast, industry experts predict that by 2030, one in every three cars sold worldwide will be produced by a Chinese carmaker.

Renowned investment tycoon Warren Buffett has recently accelerated the process of divesting his holdings in the Chinese electric vehicle manufacturer BYD. Buffett has executed two separate sales of his stake in the company within the span of a single month.

BEIJING (Reuters) -Premium EV maker BeyonCa, backed by Renault and Dongfeng Motor, said on Friday it plans to set up a final assembly plant and its international headquarters in Hong Kong, developing the territory's first car brand. Following the one-two punch that the 2019 protests and pandemic delivered to Hong Kong's economy, the city has sought to diversify and build up other industries. "We aim to achieve a breakthrough in Hong Kong's auto manufacturing industry, becoming the first international premier electric vehicle brand made in Hong Kong," BeyonCa's founder and chairman Weiming Soh said in Hong Kong.

The BYD Song Plus DM-i Champion Edition was the first batch mass-produced vehicles to rolled off the production line.

Automotive Industry, encompassing PV, LCV, and MHCV, size is projected to grow from 88 million units in 2024 and is projected to hit 104 million units by 2030, at a CAGR of 2.4%, according to a new report by MarketsandMarkets. The growth of the automotive industry is influenced by various factors such as adoption of electric vehicles, development and manufacturing of long-range batteries along with installation of fast and ultra-fast charging points, introduction of autonomous vehicles, deployme

The European Union (EU) reportedly revised its proposed tariffs on Chinese EV imports after gathering more information.

Toyota's global production slid for a fourth straight month in May from a year earlier on lower output in many overseas markets, with the decline in China, where local brands have become much more competitive, particularly sharp. In China, production fell 22%. The Japanese automaker also had lower production in markets such as Thailand, Mexico, Brazil and France although the U.S. and Japan saw output grow.

All-new Inster is Hyundai's smallest EV, and priced around $40,000 will rival the GWM Ora, BYD Dolphin, MG4 and MG ZS EV as Australia's cheapest electric car

Volvo had previously said it would begin selling the EX30 in the United States later this year, but a spokesperson on Wednesday told Reuters that deliveries will not start until 2025, in part due to the introduction of tariffs of more than 100% on Chinese EV imports by the U.S. government. U.S. President Joe Biden unveiled steep tariff hikes on Chinese imports last month, including over 100% on EVs, up from 27.5% earlier. Volvo, the Swedish luxury brand owned by China's Geely, started building the EX30 in Zhangjiakou, China, and said last year it would expand production of the small electric SUV to a plant in Belgium beginning 2025.

Buffett’s holdings in the carmaker are down more than 70% amid increasing technology and trade tensions between the United States and China