Oct 15, 2023 – Nio lost $35,000 per car sold, and WM Motor just filed for bankruptcy in a court in Shanghai.
Oct 09, 2023 – The number of electric cars is expected to rise from 10 million in 2022 to 14 million in 2023, accounting for 18% of total global car sales.
Sep 18, 2023 – Although automakers have made efforts to offer high-value promotions (depending on model and version) to stimulate market demand, Vietnam’s automobile market remains gloomy during this period.
Aug 21, 2023 – Over three years, sales of compact high ground clearance vehicles have increased by three times while that of B-sized sedans have almost not grown and A-sized hatchbacks have suffered a decline of 42%.
Aug 21, 2023 – A 31% decrease in sales after the first half of 2023 caused the Vietnamese automobile market to lose its 4th position, replaced by Philippines.
Aug 14, 2023 – High costs, reduced demand, and fierce competition are putting the German auto industry under increasing pressure, especially before Chinese rivals.
Jul 31, 2023 – To make the business strategy and vehicle electrification plan become effective, some prominent models will be discontinued after 2023.
Jul 31, 2023 – The market share of electric and hybrid vehicles is increasing in Europe, while that of internal combustion engine vehicles is decreasing.
Jul 31, 2023 – Most MPV models under 700 million VND in Vietnam are receiving incentive programs and discounts to stimulate sales.
