China's ability to adapt to changing market dynamics, meet the demand for traditional gasoline-powered vehicles and expand its presence in electric and hybrid segments has solidified its position on the global stage.
Auto Export: The association said in a statement it now projects exports to fall 12.7% in 2023 to 420,000 vehicles, a major cut from its previous estimate of a 2.9% drop in the period. "Exports have been the major warning point for the automotive sector in the first nine months of the year," it said.
SHANGHAI (XINHUA) – It has been a hectic September at Haitong Pier, one of China’s largest auto-export terminals, in Shanghai’s Pudong New Area, with cargo ships fully loaded with new energy vehicles (NEVs) being checked and cleared for departure. Produced by companies like Chery, Geely and other Chinese carmakers, the NEVs have been forming long […]
SHANGHAI, Aug. 10 (Xinhua) Shanghai automobile exports have picked up as the COVID-19 epidemic wanes and local car manufacturing rebounds, statistics showed.
India’s PLI scheme for the auto sector has been brilliantly structured and timed, removing the cost edge that Chinese manufacturers enjoyed. Along with the ₹18,000 crore PLI scheme for batteries, it is also timed to take advantage of the global shift to electric vehicles