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China's car sales snap 5-month decline on subsidy boost
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.
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 auto sales rebound 4.3% in September as EVs surge over 50%, outpacing gasoline cars
All the gains came from battery-powered vehicles, whose buyers and manufacturers have benefited since July from a doubling of subsidies to consumers, while sales of gasoline cars in China, a market where foreign brands once dominated,
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 time last quarter, though the milestone comes as total deliveries continue to fall.
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.
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.
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 ...
2d
on MSN
BMW, Mercedes China Sales Slump as Slowing Market Turns to EVs
Benz Group AG saw car sales slump in China in the third quarter as weak consumer sentiment in their biggest market weighed on ...
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 and Mercedes quarterly sales drop on weak China
By Andrey Sychev and Miranda Murray BERLIN (Reuters) -Sluggish demand and stiff competition in China hit third quarter sales ...
1d
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 ...
2d
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 ...
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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