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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.
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. The slump in China, the world's biggest car market,
Chinese car sales rise in September as electric vehicles surge
Chinese sales of passenger vehicles rose in September to reverse five months of declines as consumer sentiment improved and the government enacted stimulus policies. Retail sales of passenger vehicles advanced 4.
China's car sales rebound with subsidy lift, electric vehicles headline gains
China's car sales rose 4.3 percent in September after five straight months of decline, helped mainly by a government subsidy to try to stimulate car owners to trade in their vehicles, which is part of a larger stimulus package to shore up the economy.
1d
on MSN
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 ...
10h
on MSN
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 ...
24/7 Wall St
2d
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 ...
2d
on MSN
BMW, Mercedes China Sales Slump as Slowing Market Turns to EVs
BMW AG and Mercedes-Benz Group AG saw sales plunge in China in the third quarter, as ongoing weakness in their biggest market ...
17h
China Vows to Unleash More Borrowing to Spur Economy and Strengthen Banks
The finance minister said Beijing would sell bonds to supplement spending and help banks but did not detail how much.
52m
on MSN
Porsche Taycan Sales Are A Disaster, But Cayenne Saves The Day
Deliveries of Porsche's electric sedan dropped 50 percent to just 14,000 from January to September, while Cayenne sales grew ...
1d
Best China stocks to buy in 2025
There are several ways for U.S. investors to buy Chinese stocks.
Samaa
16h
China car sales snap five-month decline on subsidy boost
China's vehicle sales rose 4.3% in September, led by a surge in electric vehicles. Government subsidies and Tesla's strong ...
15h
on MSN
Luxury car maker Porsche sees sales crash in China as competition heats up
German automaker Porsche has experienced dropping sales as competition in China continues to rise, with demand for some of ...
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