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China's Auto Sales Growth in 2022

Automobile’s sales in China saw a growth for the first time in 2021 since 2017, partly due to a rise in new energy vehicles (NEVs), specified industry data on January 12, 2022.

After once-a-month sales of 2.79 million vehicles last month, which set 2021’s overall sales at 26.28 million, total auto sales in the world’s largest car industry grew 3.8% year by year.

China Association of Automobile Manufacturers, CAAM, declared in its recent statement that 2022 is estimated to be a better year regarding auto production and sales. Potentially, this year obstacles including chip undersupply as well as expensive raw materials will be less severe, the statement added. The country’s auto business started shrinking in 2018 on account of a business conflict between the U.S. and China. 

China car industry tried to rebound by mid-2020; however, it was brought down due to semiconductors insufficiency across the world, leading to a global halt in production.

In the meantime, NEVs sales gained a momentum, a rise of 157.5% last year.

Last December saw a growth in NEVs sales, 114% year-on-year. CAAM’s expectation of a jump of 5.4% in auto sales and 47% rise in NEV sales reveals the country’s attempt to promote the car market and cut back air pollution. China will also bring down subsidies on NEVs by 30% this year, in this regard.

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By Saha on January 12, 2022

Japan's Target To Clear Emissions By 2050

With a plan to clear out gasoline by 2025, Japan announced its target of carbon-free emissions by 2050. Japan’s new Prime Minister, Yoshihide Suga, has focused on green gasses and removal of gasoline-operated autos. Determined to improve Japan’s situation amidst the pandemic, he aims to go with the goal already followed by the EU and countries like China. Japan’s government plans to support green growth scheme through a fund worth 2 trillion yens. According to "green growth strategy" electric cars will replace chic gasoline-fueled vehicles by 2035. To encourage customers, the government will reduce vehicle batteries’ costs by over half (to 10,000 or even less per kWh) in 10 years from now. Also targeting to increase hydrogen use to 3 million tons by then, the country has defined a strategy to address 14 industries including fuel ammonia and offshore wind power to get rid of carbon emissions. SamiraH.
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By Samira Hassanzadeh on October 19, 2021

China Starts Auto Show Amid Tight Health Measures

Auto manufacturers, like BMW, Ford and Nissan, have taken part in the Beijing Auto Show, opened on Saturday. China, the first country to experience economic recovery as the virus eased in the land, is a major platform for world’s carmakers, who have faced failures after the pandemic, to present their new models. The country, which has to a great extent managed to control the Covid-19, is now a big business fair for automobiles. Under careful controls, the show makes sure the visitors have a safe experience with their auto updates. Authorities have also limited the number of visitors. The world’s largest auto market has seen a rebound after the pandemic. Sales surged 6% from a year ago whereas U.S. sales declined 9.5%. Electric cars, showcased in the china fair, characterize speeds and are a worthwhile substitute to their gasoline engines counterparts. An optimal option to resist “range anxiety”, these vehicles are able in ranges of up to 600 km. Samira H.
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By Samira Hassanzadeh on October 19, 2021

Tesla To Work with India To Build Electric Car Facilities

Tesla Inc. is going to establish an electric car factory in India’s Karnataka state. Tesla, last month, united Tesla Motors India and Energy Private Limited in a certified office in Bengaluru capital in the large state of Karnataka, where there are world-known big technology firms. Elon Musk, Tesla’s product architect, has long tweeted on the U.S. company’s delay to work with India. The Asian country, too, intends to resist oil dependence and to curb environment pollution through electric cars. But the problem for materialization relates to insufficient investment in manufacturing and groundwork. So, the country aims to give $4.6 billion to stimulate companies to establish modern Battery Manufacturing Facility (BMF). Samira H.
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By Samira Hassanzadeh on October 19, 2021


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