China's car sales snap 5-month decline on subsidy boost
China's car sales snap five-month decline on subsidy boost
China's government announced in July a subsidy of more than $2,800 when consumers scrap an older car to replace it with an EV, doubling a subsidy introduced in April. The subsidy for a more fuel-efficient combustion vehicle is just over $2,100.
China’s September Auto Sales Reverse Five-Month Declines, EVs Surge Ahead
China’s passenger-vehicle sales rose in September, reversing five months of declines thanks to supportive government policies and improving consumer sentiment.
Volkswagen, Porsche face declining sales and competition in China's EV market
Volkswagen AG sales in China fell 15 per cent in the third quarter as the biggest carmaker in Germany continued to lose ground in key markets with the shift to electric vehicles.
GM posts year-over-year sales decline in China amid restructuring
For the first time, sales of GM's new energy vehicles, or NEVs, surpassed sales of internal combustion engine vehicles in China.
Porsche's nine-month China sales plunge by third
German sports car maker Porsche on Friday posted a 29% nine-month sales drop in China, joining peers BMW and Mercedes in reporting weaker results in the country.
Porsche reports Q3 2024 U.S. retail sales
Atlanta, Georgia. Porsche Cars North America, Inc. (PCNA) today announced U.S. retail deliveries in the third quarter of 2024 totaled 19,350 cars -- a decrease of 3.2 percent from the same period one year ago as the renewal of several model lines took place,
Porsche 9-month Deliveries Down On Weakness In China, North America
German automajor Porsche AG (POAHY.PK, POAHF.PK) reported Friday weak deliveries in the first nine months of fiscal 2024, hurt by a
Chinese car sales rise in September as electric vehicles surge
Chinese passenger vehicle sales in September rebounded with a 4.5% increase, driven by stimulus policies and strong demand for new-energy vehicles
VW, Porsche China Sales Slide as Market Turns to Local EVs
Volkswagen AG’s China sales slid 15% in the third quarter as Germany’s biggest carmaker continued to lose ground in key ...
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China Sales Are Evidence of Tesla Recovery
Investors were disappointed by third-quarter sales at Tesla. However, the EV giant’s sales in China were impressive in ...
China's BYD expects to swiftly lift sales in Germany, executive tells FAS
Chinese electric carmaker BYD expects to boost sales in Germany within six months, executive vice president Stella Li said in ...
China’s Home Sales Jump During Holiday as Cities Offer Perks
China’s latest steps to revive the housing market have had an immediate impact, judging from reports of brisk sales and buyer ...
Trump has blasted China's trade practices. His 'God Bless the USA' Bible is printed there
Global trade records show a publisher in China's eastern city of Hangzhou shipped close to 120,000 of the Trump Bible to the ...
BMW, Mercedes China sales plunge as luxury slowdown worsens
The developments, along with slowing growth for electric vehicles in Europe, have contributed to profit warnings from both ...
China slaps sanctions on 3 US firms, 10 senior execs over weapons sales to Taiwan
China's foreign ministry on Thursday announced it had imposed sanctions on three U.S. military-linked firms and 10 senior ...
GM China’s EV, Hybrid Sales Top Gasoline Cars for First Time
General Motors Co. sold more electric vehicles and plug-in hybrids than conventional gasoline cars in China for the first ...