China accounted for 41% of the world’s automobile sales in November 2024
In November 2024, China accounted for 41% of the world’s automobile sales with 3.316 million vehicles sold, reaching an all-time high, according to Cui Dongshu, Secretary General of the China Passenger Car Association (CPCA). The global automobile sales were 8.18 million units, a year-on-year increase of 3% and a month-on-month...
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BYD entering South Korean market in January
BYD will officially enter the South Korean car market on January 16. Initial plans call for setting up 15 showrooms, largely concentrated in large cities such as Seoul and Busan. BYD is aiming for sales of 10,000 cars in the South Korean market during 2025. – Advertisement – As has...
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Xiaomi delivered 135,000 vehicles in 2024, with a delivery target of 300,000 in 2025
Xiaomi delivered over 135,000 vehicles in 2024, and the delivery target in 2025 is 300,000 units, the company founder and CEO Lei Jun revealed during the New Year’s Eve broadcast. – Advertisement – Jun also said Xiaomi Auto opened 200 stores in 58 cities across China. Xiaomi doesn’t use the...
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Tesla completed its second Shanghai factory, trial production starts
Tesla has begun trial production at its new Shanghai megafactory dedicated to manufacturing Megapack energy storage batteries. The mass production is expected to start in the first quarter of 2025. – Advertisement – Located near Tesla’s existing vehicle assembly plant in Lingang, the factory marks the company’s first energy storage...
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