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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.
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.
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.
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.
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.
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.
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 ...
5d
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 ...
1h
on MSN
China’s censorship is among the toughest in the world. So why did it let Kanye West play?
Ye is among a growing number of Western artists returning to the world’s second-biggest economy which is struggling to revive ...
12h
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
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 ...
2h
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 ...
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