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GlobalData’s assessment of latest market trends and forecasts for light vehicle BEV and hybrid sales.
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Despite mixed picture by region, the global light vehicle (LV) selling rate rose to over 87 million units/year in March.
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Total revenue for the quarter increased 16% year-on-year to $22.38bn.
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The company introduced its third-generation “Shenxing” LFP battery, which it said can charge from 10% to 98% in 6 minutes and 27 seconds in moderate temperatures.
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The move would mark a shift from the company’s current emphasis on SUVs, as Chery looks to widen its passenger vehicle offering in Europe.
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Despite previous cuts, Honda still has significant overcapacity in China.
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Bentley’s Beyond100+ strategy outlines its route towards a net zero target by 2050 while retaining flexibility over powertrain offering.
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The company said the factory, which is now being built, is intended to serve overseas customers looking to broaden their supply chains beyond China.
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