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Tag Archives: china
Lotus Posts Record H1 2023
Lotus expects to deliver Eletre to UK and European customers later this summer. Lotus expanded its global retail network to 193 stores, opening 24 new outlets during the first half of 2023. Continue reading
US EV Market Growing – Problems Growing Too
The Alliance for Automotive Innovation today released its analysis of the US electric vehicle (EV) market for Q1 2023. More than 305,000 EVs sold in U.S. During Q1, an increase of 56% compared to Q1 2022. This means that EVs represent 8.6% of new light-duty vehicle sales in Q1 2023, up slightly from 8.5% in Q4 2022 and 5.9% in Q1 2022. While this is relatively good news, supply constraints still hinder growth. This might not be as bad as it sounds for consumers since Q1 2023 public charging data show that the installation of US public chargers is not keeping up with current and – above all – projected EV sales. Continue reading
Mercedes-Benz First Automaker Issuing Green Panda Bonds
A so-called green bond is a fixed-income financial instrument used to support climate-related or environmental projects. They may or not be tax free. The Green Panda Bond further reflects what Daimler said is the openness and innovation of the Chinese capital market in ESG sectors.
In our view it also shows how out of touch the Republican party of No Hope, aka nope) is on environmental and economic matters with its denial of climate change and so far futile attempts to kill such instruments in the US and punish corporate issuers. Continue reading
Tilt! Stellantis and GAC to Stop Jeep China JV
Stellantis and GAC will proceed to an “orderly termination of local Jeep production, while Stellantis will recognize a non-cash impairment charge of approximately €297 million in first half 2022 results.” Continue reading
Posted in marketing, milestones, mobility company, news analysis
Tagged auto industry commentary, autoinformed.com, Beijing Jeep, china, GAC Group, Ken Zino
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BMW Takes Majority Share in Chinese JV Brilliance Automotive
BMW Group now holds 75% of the shares in BBA, while its Chinese partner, Brilliance China Automotive Holdings Ltd., indirectly holds the remaining 25%. Last year, a total of 846,237 BMW Group vehicles were delivered to customers in the Chinese market (+8.9% compared to 2020). In 2021, BBA produced more than 700,000 BMW vehicles, with around 23,000 employees. Continue reading
Mustang Mach-E SUVs Delivered to ‘Customers’ in China
The locally-produced Mach-E is being sold via Ford BEV’s tiny network of 25 direct-to-customer stores located in major Chinese metropolitan markets Continue reading
Posted in connected vehicles, electric vehicles, marketing, people
Tagged auto industry commentary, autoinformed.com, changan ford, china, Ken Zino
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Is China Now Clearly in the EV Affordability Lead?
This of course is not good news for occidental auto conglomerates or their customers, which through a forced combination of government regulation, shareholder pressure and consumer sentiment are investing billions in EVs to solve the very real and deadly problem of fossil fuel use, which has increasingly visible negative health and climate effects. Continue reading
Posted in economy, environment, global warming, news analysis
Tagged auto industry commentary, autoinformed.com, china, climate change, EVs, fossil fuel, Ken Zino
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Q1 Financial Results of BMW Exceed Market Expectations
Part of the reason, of course, was extremely low expectations for the Munich-based auto conglomerate because of the ongoing Covid 19 pandemic. Continue reading
Posted in financial results
Tagged auto industry commentary, autoinformed, autoinformed.com, BMW AG Q1 2021, china, Ken Zino
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Chinese CATL and Honda Alliance to Make EV Batteries, Technology and Maybe Autonomous Vehicles
The companies said the agreement will enable them to begin discussions on a broad range of areas including joint development, stable supply, and the recycling and reuse of batteries. Honda is spreading the risk and costs and hedging its bets on battery electric vehicles, the development of which is threatened by the ongoing Covid crisis that has already cost automotive companies billions of dollars. A key byproduct of EVS is autonomous vehicles – which may not justify the investment required for a decade or more. Continue reading
Groupe Renault Reveals A New Strategy for China
Renault will continue to provide aftersales service for its 300,000 customers through Renault dealers, and also through Alliance synergies. Further development for Renault brand passenger cars will be detailed later within a new mid-term-plan from Renault. Continue reading
Honda Sets Monthly Record for Auto Production in China
All told Honda globally produced 4.81 million vehicles year to date. China now represents 29% of all Honda Motor production. Continue reading
Posted in manufacturing, milestones
Tagged auto industry commentary, autoinformed.com, china, Honda Motor, Kenneth Zino
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Trade Wars: Commerce Finds Dumping, Countervailable Subsidies of Chinese and Thailand Propane Cylinders
During 2017, imports of steel propane cylinders from China and Thailand were valued at an estimated $89.8 million and $14.1 million, respectively. In addition, Commerce found that exporters from China received countervailable subsidies at rates from 37.91 to 142.37%. Continue reading
People – Changes at Mercedes-Benz Cars
Britta Seeger, member of the Board of Management of Daimler AG, responsible for Mercedes-Benz Cars Sales: “With Jan Madeja, Nicholas Speeks and Holger Suffel we have found excellent managers and proven sales experts with many years of experience for our markets China, USA and Russia. I wish them every success with their new tasks. My special thanks goes to Dietmar Exler who leaves our company at his own request. Under his leadership, Mercedes-Benz has been able to maintain its market leadership in the premium segment every year since 2016.” Continue reading
GM 2025 Guidance – Trump Tariff Exposure $4-5 Billion!
General Motors (NYSE: GM) this morning issued its 2025 full year earnings guidance after a delay earlier this week caused by the ongoing chaos of the Trump tariff pandemic. While the goals and rhetoric of the current mis-administration continue to fluctuate wildly behind a non-transparent word barrage of lies, false facts, and ignorant assertions, General Motors remains focused and amazingly consistent in stating its goals and steps taken to achieve them given the growing Trump disease infested swamp in Washington.
“We are updating our full-year EBIT-adjusted guidance to a range of $10 billion – $12.5 billion, including a current tariff exposure of $4 billion – $5 billion,” said GM Chair and CEO Mary Barra. “We look forward to maintaining our strong dialogue with the Administration on trade and other policies as they continue to evolve. As you know, there are ongoing discussions with key trade partners that may also have an impact. We will continue to be nimble and disciplined and update you as we know more.” Continue reading →