Etiqueta: Stellantis

The Asian giant’s dominance in the green sector has become a headache for the EU: it needs China’s products to meet decarbonization objectives, while simultaneously seeking to protect its industries and avoid becoming dependent on a foreign power

Volkswagen AG and Stellantis NV face painful cutbacks after a tumultuous 2024 with deep, structural changes reshaping the European auto industry. And the next 12 months don’t look any easier.

China’s new energy passenger vehicle (NEV) market rose 51% year over year in November, with wholesale volumes reaching 1.46 million units, according to data from the China Passenger Car Association…

BYD is on track to sell 4 million units and outsold Ford, pushing the legacy automaker out of the sixth-largest position in global sales.

BYD might overtake Ford for the entire 2024 if the sales momentum continues

Stellantis CEO Carlos Tavares said the need to cut EV costs could mean that the supplier base will shift to lower-cost countries from the West.

The Chinese automakers have raced past their annual delivery targets a month ahead of schedule, underscoring their rapid growth and strong market demand.

The Stellantis CEO said the Fiat, Alfa Romeo and Maserati owner "might not need so many plants as we have now."

In the global BEV market, Tesla ranked first with an 18.5 percent share, BYD was second with 17.5 percent, and Nio was eighth with 2.4 percent.

The $7,500 tax credit requires EVs to source battery materials outside China. Cutting it could undermine investment in the U.S. battery supply chain.