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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 car sales in September fall for 4th straight month
Chinese automakers reported a drop in total sales of new vehicles in September, the fourth straight month of decline. The slump was mainly due to weaker domestic demand.
China car market ticks up in September
Retail sales of passenger vehicles in China rose by 2% year-on-year to 2.06 million units in September 2024, according to preliminary data released by the China Passenger Vehicle Association (CPCA). This follows five consecutive months of decline,
China's new energy passenger car sales surge in September
BEIJING - China's new energy passenger vehicle market continued to see robust growth in September, with retail sales reaching 1.12 million units, industry association data showed on Saturday.
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.
Chinese car sales rise in September as electric vehicles surge
Chinese passenger vehicle sales in September rebounded with a 4.5% increase, driven by stimulus policies and strong demand for new-energy vehicles
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.
Opinion
20h
on MSN
Opinion
Mexico must stop itself from becoming China’s Trojan Horse
This week, China’s regime received a huge economic blow. The European Commission decided to impose tariffs of up to 45 ...
Malay Mail on MSN
1d
Nap time at 110 km/h? In China, driver catches some Z’s and lets car autopilot take the wheel
A man in China has ignited a public safety debate after a video surfaced of him purportedly sleeping and watching a movie ...
5d
China to Penalize European Brandy Imports, Striking Back at Car Tariffs
Beijing’s action came days after European nations moved toward tariffs on electric vehicles from China, and it included a ...
5d
on MSN
Uber's CEO wants you to ride in an electric car — and is fine if it's made in China
In an interview with the BBC, Uber CEO Dara Khosrowshahi said that EVs made in China would be crucial to fighting the climate ...
Digi Times
3d
China's automakers bet big on AI to drive smart car revolution
China's automakers, from established players like state-backed Great Wall Motor to upstarts like Nio, XPeng, and Li Auto, ...
2d
on MSN
Snubbed by Tesla, Mexican government pledges to create its own small, affordable electric car
MEXICO CITY (AP) — Snubbed by Tesla, Mexico’s new president pledged Friday to create a Mexican-made small, affordable ...
3d
Trump courts auto workers with car loan tax break, China crackdown
Republican presidential candidate Donald Trump on Thursday proposed making interest on car loans tax-deductible and ...
Samaa
2d
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 ...
2d
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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