Tag: Automotive Market

China’s NEV Sales Rise by 1% in December Amid Overall Dip
25Dec By AGN EditorNo Comments
EV & Electric Cars, News

China’s NEV Sales Rise by 1% in December Amid Overall Dip

China’s new energy vehicle (NEV) retail sales rose slightly, up 1 percent year-on-year to 788,000 units from December 1-21. However, overall passenger car sales fell sharply.Key TakeawaysNew energy vehicle retail sales rose by 1% in the period of Dec 1-21 compared to last year.Total NEV cumulative sales for this year reached 12.26 million units, up 18 percent from last year.Wholesale NEV sales fell short with a drop of 10% year-on-year in the same period.New energy vehicle retail sales climbed to 788,000 units during December 1-21. This marks an increase from last year's figures but contrasts sharply with overall passenger car sales which dropped by nearly 20 percent over the same timeframe.Despite this growth in NEV sales, wholesale numbers for these vehicles showed a decline of 10% compa...
Read More
Tesla Struggles to Gain Traction in India’s Fourth Largest Auto Market
30Nov By J.CarterNo Comments
EV & Electric Cars, News

Tesla Struggles to Gain Traction in India’s Fourth Largest Auto Market

Tesla has faced initial challenges since entering the Indian automotive market this summer. The company opened its first showroom in Mumbai, but sales have been modest with only around a hundred vehicles sold over two months. This slow start comes despite strong interest from potential buyers, as evidenced by more than 600 pre-orders for the Model Y.Key TakeawaysTesla's sales in India have been tepid since opening its first showroom in Mumbai this summer.The company has sold only about a hundred vehicles over two months, despite more than 600 pre-orders for the Model Y.High pricing and limited charging infrastructure are cited as key obstacles to Tesla's success in India.Tesla’s entry into India marks an ambitious move towards one of the world's most promising automotive markets. However, ...
Read More
Tesla’s India Debut Slow Start: Just Over 100 Cars Sold Since July
29Nov By J.CarterNo Comments
EV & Electric Cars, Industry & Business, News

Tesla’s India Debut Slow Start: Just Over 100 Cars Sold Since July

Tesla’s entry into the Indian market, which began with the opening of its first showroom in Mumbai this summer, has been met with a tepid response thus far. According to recent reports from the BBC, Tesla has sold only around 100 cars since July, despite India being home to over 1.4 billion people and boasting one of the world's fastest-growing economies.Key TakeawaysTesla has sold just over 100 vehicles in India since entering the market in July.The Model Y starts at $67,000 USD in India, making it unaffordable for most Indian consumers.India's EV infrastructure is underdeveloped with only one Supercharger station available as of now.Tesla’s initial sales figures in India are modest to say the least. The company opened its first showroom in Mumbai, a city known for its financial prowess a...
Read More
Albania Surpasses 57% Electric Vehicle Market Share in October
28Nov By AGN EditorNo Comments
EV & Electric Cars, News

Albania Surpasses 57% Electric Vehicle Market Share in October

Albania has achieved a remarkable milestone, with electric vehicles (EVs) accounting for an astounding 57% of new passenger vehicle registrations in October. This impressive feat is particularly noteworthy given the country's small market size and relatively low purchasing power.Key TakeawaysAlbania registered 933 new passenger vehicles in October, with EVs making up over half of these sales.The Chinese automaker BYD dominates the Albanian market, holding more than 40% of the overall vehicle sales.Including plug-in hybrid electric vehicles (PHEVs), which had a 3% share, the total plugin market accounted for 60% of all new passenger car registrations in October.Despite being one of Europe's smaller automotive markets and having lower purchasing power compared to other European nations, Alba...
Read More