Etiqueta: Sales

Denza and Fang Cheng Bao are recruiting dealers, becoming the latest Chinese auto brands to abandon their direct-only sales model.

TOKYO (Reuters) -Japan's weak yen sharply boosted the value of exports in May but the volume of sales shrank for the fourth consecutive month, highlighting that global demand is still relatively soft and complicating the central bank's monetary tightening path. The Bank of Japan last week took a step forward to reduce its huge bond purchases as part of plans to exit years of massive stimulus. The soft underbelly in the trade report though adds to the picture of a fragile economy, making future interest rate hikes far from assured.

Legacy U.S. automakers such as Ford Motor and General Motors should leave the China market to preserve capital amid the costly electric vehicle (EV) transition, a leading auto analyst said on Tuesday. “I think you have to see the [Detroit Three] exit China as soon as they possibly can,” said John Murphy, Bank of America Securities analyst, at his annual presentation of “Car Wars,” a closely watched industry report. Murphy's guidance for the Big Three came during a discussion of the harsh cost-cutting measures they would have to take to be competitive with EV manufacturers like Tesla, as well as carmakers abroad.

BYD is charging up the competition with Hyundai on its home turf. The Chinese automaker plans to launch its Tesla...

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! I’m in Europe right now, and like many here, I’m enjoying the Euros. For those not following the sport, this is like the World Cup but just for Europe. Considering that many of the ... [continued]

General Motors, Tesla, ChargePoint, Blink Charging and Lion Electric are part of the Zacks top Analyst Blog.

Five of the championship’s 13 sponsors come from China, as these companies look abroad amid slow growth at home.

Battery stocks have been battered over recent months. Falling lithium prices due to oversupply, subdued demand in China and lackluster sales figures from the electric vehicle (EV) market have all contributed to the rare earth mineral’s plummeting price. According to Koyfin, the price of lithium carbonate has fallen 68.8% over the past 12 months. While there was somewhat of a recovery in Q1 of 2024, it appears prices are back in free fall. Despite this big of macroeconomic news not being good for

The expected entry of China's BYD Auto into the South Korean consumer electric vehicle (EV) market this year will likely intensify competition within the low-cost segment of the market, which globally has seen a stagnation in growth as of late due to the so-called EV adoption chasm, according to industry watchers on Tuesday. 🚘 Chinese EV Maker BYD To Enter South Korean Market in Low-Cost Segment.

Warren Buffett’s Berkshire Hathaway has further cut its large stake in BYD, which vies with Tesla as the world’s largest electric car (EV) maker, as global trade tensions escalate over Chinese EVs.