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BYD targets more than 2.5 million vehicle exports in 2027, brokerages say
5+ day, 22+ hour ago (258+ words) BEIJING, Sept 8 (Reuters) – Chinese electric vehicle maker BYD expects overseas shipments to exceed 2.5 million vehicles in 2027, two major brokerages said on Tuesday, citing a group meeting with company management. BYD did not immediately respond to a request for comment. • The…...
BYD’s sales extend growth streak on strong exports
1+ week, 5+ day ago (239+ words) BEIJING, Sept 1 (Reuters) – Chinese electric vehicle maker BYD reported rising global sales for the fourth straight month, as robust exports continued to cushion the impact of sluggish domestic demand. Total sales climbed 17.8% from a year earlier to 440,293 vehicles in August,…...
German state leader urges joint effort to solve Volkswagen crisis
1+ week, 6+ day ago (372+ words) By Rachel More and Christina Amann DRESDEN, Germany, Aug 31 (Reuters) – Volkswagen’s workers, management and political leaders must work together to minimise the impact of job and capacity cuts at Europe’s biggest automaker and boost its competitiveness, the state leader of…...
Hyundai lifts margin target, expands US hybrid lineup
2+ week, 4+ day ago (571+ words) By Heekyong Yang and Heejin Kim SEOUL, Aug 26 (Reuters) – Hyundai Motor said on Wednesday it would launch or refresh more than 100 vehicles globally by 2030 and expand its U.S. hybrid lineup, as the South Korean automaker seeks to lift its operating…...
High oil prices, subsidies and affordable models rev up European EV sales
3+ week, 3+ hour ago (645+ words) LETCHWORTH, England, Aug 24 (Reuters) – Electric vehicle sales accelerated across much of Europe in July, as high oil prices, subsidies and availability of more affordable models encouraged consumers to ditch their combustion-engine cars, data provided to Reuters showed. EV sales have…...
Volkswagen needs deep cuts to remain competitive, CEO says ahead of crunch talks
3+ week, 2+ day ago (421+ words) BERLIN, Aug 21 (Reuters) – Volkswagen CEO Oliver Blume warned on Friday that the car sector’s problems would only intensify in the coming years, arguing deep cost cuts were needed to keep Europe’s top automaker afloat as it gears up for weeks…...