Chinese carmaker SAIC Motor Archives - LN24 https://ln24international.com/tag/chinese-carmaker-saic-motor/ A 24 hour news channel Wed, 26 Feb 2025 07:39:35 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://ln24international.com/wp-content/uploads/2021/09/cropped-ln24sa-32x32.png Chinese carmaker SAIC Motor Archives - LN24 https://ln24international.com/tag/chinese-carmaker-saic-motor/ 32 32 European Car Sales Decline in January, Despite Surge in Electric Vehicle (EV) Sales https://ln24international.com/2025/02/26/european-car-sales-decline-in-january-despite-surge-in-electric-vehicle-ev-sales/?utm_source=rss&utm_medium=rss&utm_campaign=european-car-sales-decline-in-january-despite-surge-in-electric-vehicle-ev-sales https://ln24international.com/2025/02/26/european-car-sales-decline-in-january-despite-surge-in-electric-vehicle-ev-sales/#respond Wed, 26 Feb 2025 07:39:35 +0000 https://ln24international.com/?p=22035 Car sales across Europe, including the UK and the European Free Trade Area (EFTA), experienced a 2.1% decline in January, according to the latest data from the European Automobile Manufacturers’ Association (ACEA). While sales of fully electric vehicles (EVs) saw impressive growth, rising by 37.3%, the overall downturn was largely driven by a significant decline in the sale of combustion engine vehicles.

The U.S.-based electric carmaker Tesla saw a sharp sales drop of 45.2% compared to January 2024, exemplifying the broader market slowdown, even as EV sales surged. Meanwhile, Chinese carmaker SAIC Motor, which owns the MG brand, bucked the trend with a 36.8% increase in sales, highlighting the growing presence of Chinese automakers in the European market.

ACEA’s data revealed that total car registrations in the EU, UK, and EFTA were just below 1 million units in January, marking the lowest registration volume since August. This decline was felt across many major European markets, with Spain being one of the few exceptions, experiencing a modest 5.3% increase in car sales.

However, France, Italy, and Germany saw notable declines in car registrations, with reductions of 6.2%, 5.8%, and 2.8%, respectively. The UK also recorded a 2.5% decrease in sales, contributing to the overall slump in the region’s automotive market.

Despite the decline, the significant rise in electric vehicle sales highlights a shift in consumer preferences toward greener and more sustainable transportation options. The data underscores the growing competition in the European car market, with EVs increasingly playing a central role in reshaping the industry’s future.

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