The latest news on the Chinese market! Summary of EV Trends and Manufacturers’ Policies in China

Here you will find trending news topics in the automotive and mobility markets around the world.

We carefully select interesting news in the automotive industry, both domestic and international, and translate and summarize the contents for your reference. We hope you will find it useful in catching up with the latest news in the industry.

China’s November New Vehicle Sales Increase for Second Consecutive Month, but Outlook Uncertain

Dec 11, 2024 by NHK

Vehicle sales in Chinaincreased 11.7% y/y to 3.316 million units in the last month, the second consecutive month of growth, thanks to strong sales of new energy vehicles.

Sales of new energy vehicles reached 47.4 %増加し、販売台数に占める割合は45.6%thanks to government measures to promote replacement. However, the outlook for the auto industry is uncertain due to moves in Europe and the U.S. to raise tariffs on Chinese-made EVs and concerns about trade friction following the inauguration of President-elect Trump.

Read Full Article

Bosch Automotive Components: “Opposite” Challenges for Europe and China (Japanese only)

Dec 11, 2024 By Toyo Keizai Online

China’s automotive market is rapidly becoming electrified and smart, with EVs and PHVs accounting for more than 50% of new vehicle sales.Bosch China is actively responding to this market change and accelerating the development of technologies for electric and smart cars.

Consumers are placing more emphasis on smart features such as advanced driver assistance systems (ADAS), and Bosch is working with complete vehicle manufacturers to respect their own development trends. President Xu Daozuan said that the company has been given a great deal of discretion by its headquarters to apply its experience in China to its global business.

Read Full Article

Foreign Companies’ Share of China’s Automobile Market Continues to Decline

Dec 10, 2024 By Toyo Keizai Online

Foreign automakers, including Japanese automakers, are facing tough times in the Chinese market, with the rise of Chinese brands leading to a drop in factory utilization rates for foreign automakers from 73% in 2020 to 56% in 2023, according to analysts at UBS.

As of October 2024, the market share of Chinese brands has reached 70.1%, with the share of foreign manufacturers shrinking significantly; the rapid shift to EVs and price competition with Chinese brands are putting pressure on foreign manufacturers, forcing some to reduce production capacity and close plants Some manufacturers have been forced to reduce production capacity or close plants. Analysts have pointed out that foreign automakers need to fundamentally rethink their strategies in the Chinese market, such as focusing on niche markets and luxury car segments.

Read Full Article

List of Career Change x Trend News