Etiqueta: Sales

(Bloomberg) -- Chinese automaker BYD Co. has moved to fully control a joint venture it had in China with Mercedes-Benz Group AG, as an increasing number of foreign carmakers dial back their exposure to the world’s biggest auto market.Most Read from BloombergPipeline Fire Near Houston Forces Some Residents to EvacuateLondon Mayor Plans to Pedestrianize Busy Oxford StreetAn Artist Reimagines the Spaces of Childhood, With Thorny ResultsUS Driving and Congestion Rates Are Higher Than EverAn Affordab

(By Taylor and Maqueda) In a highly competitive automotive world, the quest for differential value is paramount. Competing now means amplifying the entire consumer experience, leveraging cross-brand associations, and moving beyond mere "imitation" production. In this fiercely competitive sector, unity is strength. Honda, Nissan, and Mitsubishi, three titans of the Japanese automotive industry, have set aside their historical rivalries to form a strategic alliance aimed at countering the growing threat from Chinese automakers. This article delves into the impacts and motivations behind this union, offering insights that go beyond the surface-level coverage found elsewhere. We analyze their objectives and the implications for the future of the automotive market, reflecting a clear pattern seen across various industries.

The dissolution of this joint venture comes at a time of escalating trade tensions between China and Europe. The European Commission is preparing to impose additional tariffs on Chinese EVs, with potential rates reaching up to 36.3 per cent.

Remote Operated Vehicle (ROV) Market Report Insights (2024-2032) :(113 Pages Report)

Car Pushers Market Report Insights (2024-2032) :(111 Pages Report)

BYD led the Chinese electric vehicle (EV) market between January and July, but which carmakers followed in its wake?

There may be no more important question for the West’s competitive position in advanced industries than whether China is becoming a rival innovator. While the evidence suggests it hasn’t yet taken the overall lead, it has pulled ahead in certain areas, and in many others Chinese firms will likely equal or surpass Western firms within a decade or so.

With sales valued at more than 15.1 billion euros, Morocco surpassed the 13.6 billion euros generated by China

BYD rejected a Bloomberg article saying it is awaiting the outcome of the U.S. elections before committing to a proposed BYD auto factory.

Volvo and Polestar owner Geely Auto unveiled the new Geome Xingyuan EV on Tuesday. With starting prices expected to be...