Etiqueta: Sales

BYD Co. is doubling down on Europe as it faces stiff competition and a bruising price war in China. The electric vehicle giant is adding new models, building

Europe's top car manufacturer Volkswagen on Monday presented a series of more affordable electric vehicles to take on fast-growing Chinese rivals as Germany's troubled auto sector seeks to turn around its fortunes.Their commercial launch is set for 2026, VW said in a statement, and is part of efforts to combat Chinese carmakers which are gaining market share in Europe with their own affordable EVs.  Volkswagen says it has made considerable cost savings on the cars by sharing technology across th

BYD’s Executive Vice President, Stella Li, said the company will also expand its stores to more than 1,000 locations in 32 countries across Europe.

BMW said its iX3, the first model in its all-electric Neue Klasse series which was launched earlier in September, will be sold in Europe from March 2026 at a price of 68,900 euros ($80,700). Franco-Italian carmaker Stellantis will no longer exclusively produce EVs as part of its target through 2030, Jean-Philippe Imparato, head of enlarged Europe and European brands, said. The B05 will be delivered in Europe from the second quarter of 2026 after its launch in China later this year, and will come in six colours.

MUNICH (Reuters) -Major automakers showcased their latest models at the Munich car show on Monday, unveiling new EVs and lower-cost models as Europe's auto sector fights crises ranging from tariff hikes to rising costs and rivalry with Chinese firms on their home turf. With many auto companies concerned over Europe's tough-to-meet carbon emissions targets for 2035, several firm said they would widen their production focus rather than restrict themselves to electric or other alternative-fuel vehicles. European automakers at the IAA Mobility show in Munich, running until Friday, also face sinking sales in China, the biggest single market for Volkswagen, BMW and Mercedes-Benz.

BEIJING (Reuters) - China's August sales of electric vehicles and hybrids grew at the slowest pace in one and a half years as the government continues efforts to halt punishing price wars. EV and hybrid sales outstripped gasoline cars for the sixth straight month in August, but annual growth cooled to 7.5% from 12% in July, China Passenger Car Association data showed on Monday. That was the

MUNICH (Reuters) -Major automakers will showcase their latest models at Munich's car show on Monday as Europe's automotive sector faces crises ranging from U.S. tariff hikes to costly electrification and the expansion of Chinese automakers on their home turf. Aside from a product blitz to counter Chinese models being pushed to European consumers, including by BYD, Changan and GAC, domestic firms will focus on lobbying to persuade the European Union to reconsider its 2035 ban on combustion-engine cars. Attention will also be on U.S. President Donald Trump's tariffs on European-made cars.

The current crisis affecting the European automotive industry is an acute threat to Europe’s economic future. Will a summit between the auto sector and Ursula von der Leyen on Friday provide a life-line?

VinFast priced the VF6 at ₹16.49 lakh ($19,800) and the VF7 at ₹20.89 lakh ($25,000), with bookings open for a refundable ₹21,000 and deliveries expected later this year.

Don't look now, but BYD is stumbling ever so slightly in its crucial domestic market. What does that mean long-term?