CHINA’S auto sales rose 5.7 percent to 2.71 million vehicles in September from a year ago as momentum continued amid rising demand and strong economic growth. In the first nine months of the year, auto sales added 4.5 percent to 20.22 million units, according to data from the China Association of Automobile Manufacturers. The sales growth momentum in September continued from August whose sales expanded 5.3 percent. Analysts predicted that sales will further grow steadily till
Forecasts of how many electric vehicles (EVs) will be joining the global fleet are all moving in the same direction — up. Exxon Mobil Corp. raised its 2040 forecast to 100 million EVs from 64.8 million the previous year. Last year BP predicted 71.4 million by 2035, and now it sees 100 million. The International Energy Agency more than doubled its base-case EV forecast for 2030. OPEC outdid them all. In 2016, the group predicted 266 million EVs in 2040, almost six times the ye
The Renault-Nissan alliance has announced plans to build electric cars in China in a new venture with Dongfeng Motor, joining the scramble by global automakers to meet Beijing's stringent quotas for zero-emission vehicles. The venture, eGT New Energy Automotive Co, will develop an electric mini-SUV to go into production in 2019 by Dongfeng, the carmaking alliance said, for sale under the partners' own brands. Dongfeng already builds conventional vehicles with Nissan and its F
The quality gap between Chinese brands and international brands in China continues to narrow, with Chinese brands doing slightly better than their global rivals in three of eight quality categories surveyed, according to consulting firm J.D. Power.
J.D. Power said its Initial Quality Survey this year showed the gap between Chinese and global brands on average fell to 13 problems per 100 vehicles among surveyed customers, down from 14 last year. The number of complaints in t