General

  Germany is setting targets for the auto industry to increase sales of electric vehicles to 15 million by 2030.

  A German court ruled last week that a proposal to reallocate 60 billion euros to climate and industry was unconstitutional,

  After the automobile industry switches to the new energy track, independent brands are rewriting the pattern of the Chinese automobile market at an extremely fast speed.

  French and Korean cars that were once popular have lost

  In October 2023, new wholesale volume in India hit a record high. A year-on-year increase of 16.3%. Sales exceeded 390,000 units, reaching 390,853 units. This is the third consecutive month that India has broken monthly sales records, an impressive achievement.

  In the new energy vehicle market, Tesla and BYD have always been the two giants that receive the most attention. Recently, both companies announced their Q3 2023 financial reports, giving us a glimpse of their strength and prospects in this field.

  At the recently held "1024 Xpeng Motors Technology Day", Xpeng Motors not only brought the new MPV X9 and Xpeng XNGP smart driving, but also displayed Feitian cars and robots.

  For Southern European countries, we mainly count Italy, Spain, Portugal and Greece. From January to September 2023, we see that the total car sales in these four countries are: 1.17 million, 710,000, 150,000 and 100,000 (scale of 2.14 million).

  On October 14, Ferrari Chief Marketing and Commercial Officer Enrico Galliera said that the company has begun accepting cryptocurrency payments in the United States and plans to expand to Europe in the first quarter of next year.

  BYD's pure electric model sales in the third quarter were only 3,456 units behind Tesla's, and it is only one step away from becoming the "global electric vehicle sales champion".

  In the three months ended September 30, BYD's

  Toyota's luxury brand Lexus recently announced that it will display a pure electric concept car at the Japan Auto Show that opens on October 25. The new car will use a modular body structure, and its mass production model will be officially launched in 2026. It will be the first model of Lexus’

  The Australian Financial Review reported that Chinese electric vehicles are rapidly occupying the Australian market, and this trend is likely to continue to accelerate.

  Statistics show that 16% of all new cars sold in Australia are made in China