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BEIJING (AP) — China's auto exports surged 63.7% in 2023 while domestic sales, boosted by year-end incentives, rose 4.2%, an industry association said Thursday. The surge in exports, to 4.1 million according to the China Association of Automobile Manufacturers, may propel China past Japan as the world's number one exporter of cars.
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At the MotorTrend Car News section, you'll read about the hottest rumors and car reveals, follow breaking auto industry news, learn about cutting-edge tech trends, catch up on the biggest auctions.
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19. Updated 2:55 AM PST, January 10, 2024. LAS VEGAS (AP) — Welcome to opening day of CES 2024. This multi-day trade event put on by the Consumer Technology Association is expected to bring some 130,000 attendees and more than 4,000 exhibitors to Las Vegas. The latest advances and gadgets across personal tech, transportation, health care.
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In the worst-case scenario, as many as 85,000 jobs in Slovakia, or 4.5% of the workforce, may be eliminated in the shift to electromobility, according to a study by GLOBSEC, a think tank based in.
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In 2023, passenger car exports rose 62% from 2022, according to the CPCA. More than a quarter of them were electric, it said. In fact, exports of all EVs — including battery electric vehicles.
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But most US consumers aren't going along for the ride. EVs remain too costly, at an average price of $60,544—about $13,000 more than a gas-fueled car, according to automotive researcher.
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Revenue - automobile manufacturing industry worldwide 2019-2023 Passenger cars production volume 61.6m Detailed statistics Worldwide motor vehicle production by type 2019-2022 Global car sales.
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There's no relief in sight for US car owners who've faced soaring costs of maintaining a vehicle in the past two years. Prices of motor-vehicle insurance rose 20.3% in December from a year.
