05 January 2026
05 January 2026
October’s diesel share was revised down slightly with November delivering diesel at 10% of total passenger car demand in the Western Europe region.
Chinese automaker sold 4.6 million NEVs in 2025, including 2.26 million light BEVs.
Market driven higher by surging sales of Chinese BEVs.
The dispute dates back to September 2025, when the Dutch government assumed control of Nexperia, a Netherlands-based subsidiary of Chinese-owned Wingtech.
Hyundai and its affiliate Kia sold the St Petersburg plant in 2024 to Russia’s AGR Automotive Group for Won140,000 ($97), after halting production in March 2022.
Under the revised cash-for-clunkers scheme, buyers of eligible electric and hybrid vehicles can receive a 12% rebate capped at 20,000 yuan ($2,858).
In a transaction valued at Won4.22tn according to a regulatory filing, the deal covers the building and related infrastructure owned by subsidiary L-H Battery Company.
Overseas sales declined by 2.6% to 788,789 units.
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