Continental CEO Nikolai Setzer speaks at the German company’s annual press conference on March 7, 2024. [Photo provided to chinadaily.com.cn] German auto supplier Continental is targeting an increase in sales and earnings for the financial year 2024. It expects consolidated sales in the year to reach between around 41 billion euros ($44.86 billion) to 44… Continue reading Continental optimistic about sales, margin in 2024
Author: China Daily Online News
China’s exports of new energy passenger vehicles up in February
Workers install seats in new energy vehicles at the Dayun New Energy Vehicle Production Base in Yuncheng, Shanxi province, on Jan 25, 2024. [Photo/VCG] BEIJING — China’s exports of new energy passenger vehicles edged up 0.1 percent year-on-year in February, data from the China Passenger Car Association showed. A total of 79,000 new energy passenger… Continue reading China’s exports of new energy passenger vehicles up in February
BYD India launches third model, pushes for charging facilities
A SEAL model electric sedan of BYD India launched in New Delhi on March 5. PROVIDED TO CHINA DAILY With the launch of the third electric car model, BYD India will concentrate on consolidating its leadership position in the luxury electric vehicle (EV) segment and aims to expand India’s charging infrastructure. BYD India launched its… Continue reading BYD India launches third model, pushes for charging facilities
Mercedes-Benz, BMW register NEV charging joint venture in Beijing
BEIJING — A new joint venture (JV) set up by Mercedes-Benz Group China Ltd and BMW Brilliance Automotive Ltd has been registered in Beijing’s Chaoyang district, sources with the district authorities have said. In November 2023, the two companies signed a cooperation agreement to establish the JV, which they said would help operate their supercharging… Continue reading Mercedes-Benz, BMW register NEV charging joint venture in Beijing
With better performance, prices, Chinese electric cars sell better than US ones: FT
Export-bound vehicles await shipment at Yantai port, Shandong province. TANG KE/FOR CHINA DAILY LONDON — Chinese electric cars sell better than US “inferior” ones due to their better performance and affordability, the Financial Times reported, citing the head of a global battery material producer. Chinese vehicles are “simply good cars and people buy them,” Mathias… Continue reading With better performance, prices, Chinese electric cars sell better than US ones: FT
Nio to launch mass market brand in Q2
This photo taken on Feb 1, 2024 shows the experience center of Chinese electric car manufacturer NIO in Hefei, East China’s Anhui province. [Photo/Xinhua] Chinese startup Nio will launch its mass market brand, whose project name is Alps, in the second quarter this year, said founder and CEO William Li on Tuesday. The new brand’s… Continue reading Nio to launch mass market brand in Q2
Price cut expands to more NEV brands
People check out Xpeng’s G6 at a showroom in Shanghai’s Jiading district on Aug 5, 2023. [Photo/VCG] A new batch of price reductions within the new energy vehicle sector initiated by EV giant BYD strikes again with more than 10 NEV brands offering discounts, injecting new vitality into domestic consumption market, ThePaper reported on Monday.… Continue reading Price cut expands to more NEV brands
Leapmotor plans to export cars in Q3
Zhu Jiangming, founder and CEO of Leapmotor, introduces the Leap 3.0 architecture in Hangzhou, Zhejiang province, on March 2. [Photo provided to chinadaily.com.cn] Chinese NEV startup Leapmotor said it plans to export its vehicles from the third quarter, with target sales of 6,000-10,000 units overseas this year. Its vehicles will be available in Europe, South… Continue reading Leapmotor plans to export cars in Q3
Chinese carmaker FAW Group reports robust sales in Jan-Feb
Employees of China FAW Group work on an assembly line at a factory in Changchun, Jilin province, in September. [Photo/China Daily] CHANGCHUN — China’s leading automaker, FAW Group Co Ltd, reported surging vehicle sales in the first two months of this year, getting the company off to a good start for 2024. FAW Group’s auto… Continue reading Chinese carmaker FAW Group reports robust sales in Jan-Feb
BYD makes Japan’s mobility greener
Visitors try out a BYD car during an expo in Tokyo, Japan. BYD Auto Japan said it has updated its Atto 3, a midsize electric sport utility vehicle, and will launch a new showroom in Tokyo on Saturday, its 22nd in Japan and fourth in the city, to underscore its commitment to environmentally friendly mobility.… Continue reading BYD makes Japan’s mobility greener