China purchased 2.1 million PHEVs over 10 months 2023
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China purchased 2.1 million PHEVs over 10 months 2023
- Over the first 10 months of 2023, the world purchased more than 3.5 million plug-in hybrid passenger cars (PHEV), including 3.1 million in China, Europe and the United States alone. As for plug-in hybrid light utility vehicles, they are still very marginal.
- Regarding plug-in hybrid passenger cars, China purchased 2.1 million in the first 10 months of 2023 compared to 1.2 million in the first 10 months of 2022 and 430 000 in the first 10 months of 2021. PHEVs represent 10% of the Chinese passenger car market this year compared to 6.5% in 2022 and 3% in 2021. China is the world's leading PHEV market in 2023, representing 60% of global PHEV sales this year.
- Europe (EU + UK + Norway + Switzerland) purchased 800 000 PHEVs over the first 10 months of 2023, compared to 800 000 over the first 10 months of 2022 and 850 000 over the first 10 months of 2021. We have observed a stabilization of PHEV sales in this region since 2022 (while growth continues in China). PHEVs represent 7.5% of the European passenger car market this year compared to 9% in 2022 and 2021. The market share of PHEVs is decreasing in Europe.
- The United States, for its part, purchased 230 000 PHEVs over the first 10 months of 2023, compared to 150 000 over the first 10 months of 2022 and 130 000 over the first 10 months of 2021. PHEVs represent 1.8% of the US market this year compared to 1.4% in 2022 and 1.1% in 2021.
China purchased 4.8 million BEVs over 10 months 2023
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China purchased 4.8 million BEVs over 10 months 2023
- Over the first 10 months of 2023, the world purchased more than 8.0 million battery electric passenger cars (BEV) representing 11% of the market, including 7.5 million in China, Europe and the United States. As for battery electric light utility vehicles, they are still very marginal and it will take several years for their distribution to be at the same share as passenger cars.
- Regarding battery electric passenger cars, China purchased 4.8 million over the first 10 months of 2023 compared to 3.9 million over the first 10 months of 2022 and 2 million over the first 10 months of 2021. BEVs represent 23% of the Chinese passenger car market this year compared to 21% in 2022 and 13% in 2021. China is of course the world's leading BEV market in 2023, as in 2022 and 2021, representing 60% this year of global BEV sales.
- Europe (EU + UK + Norway + Switzerland) for its part purchased 1.7 million BEVs over the first 10 months of 2023, compared to 1.1 million over the first 10 months of 2022 and 0.9 million over the first 10 months of 2021. But we have observed a stabilization in volume of BEV sales in this region since March 2023 (while growth continues in China). BEVs represent 16% of the European passenger car market this year compared to 14% in 2022 and 10.5% in 2021. BEV sales growth is slowing in Europe.
- The United States, for its part, purchased 1 million BEVs over the first 10 months of 2023, compared to 650 000 over the first 10 months of 2022 and 350 000 over the first 10 months of 2021. BEVs represent 8% of the US market this year compared to 6% in 2022 and 3% in 2021. Contrary to what we observe in Europe, the growth in BEV sales continues month after month.
Renault will launch 8 new models in the world
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Renault will launch 8 new models in the world
- Renault will launch eight new models specifically dedicated to overseas markets (production and marketing of models outside Europe) by 2027, or two new models per year on average for the next four years. Part of these models will be equipped with thermal engines and the other with electrified engines.
- The carmaker wants to double its sales in regions outside Europe compared to 2019, excluding of course the sales which had been made at the time in Russia. Russia is no longer part of Renault's commercial ambitions, the French carmaker is instead focusing on Latin America, India, the Middle East but also Africa where Renault already has a significant influence, particularly in North Africa.
- Renault aims to sell a third of its cars with a full electric or hybrid engine in these regions.
- The B-segment SUV called Kardian is the first model to implement this strategy. This new model will be marketed and produced in Latin America and Morocco, the largest market in the Maghreb.
- The Kardian, which measures 4.12 m long, is based on a new modular platform which will be used for most of the other seven models programmed by Renault and which can be compared with the CMP Entry platform of the Indian Citroën C3, intended also to models marketed outside Europe. The Kardian is equipped with a 1.0 liter 3-cylinder turbo petrol engine with direct injection developing 125 hp, or 25 hp more than the European version of this engine. In Europe, 130 hp is achieved by the 1.3 liter 4-cylinder and by the new 1.2 liter 3-cylinder fitted to the Renault Austral and Espace.
Toyota consolidates its position as world leader over 9 months 2023
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Toyota consolidates its position as world leader over 9 months 2023
- Over the first nine months of 2023, global light vehicles production (passenger cars and light utility vehicles) increased by 8% compared to the first nine months of 2022, with a volume of 67 million vehicles compared to 62 million.
- In this context, the Toyota group consolidates its first place globally, with 8.5 million vehicles produced, ahead of the Volkswagen groups (6.5 million), Hyundai-Kia (5.3 million) and Stellantis (5 million). These four carmakers are increasing in volume compared to last year.
- On the other hand, the GM group (4 million) located in fifth position, lost 500,000 vehicles compared to last year. This is the largest drop recorded among the top 20 global carmakers.
- The Nissan group – which has become independent again – reaches sixth place (3.5 million), ahead of the Ford groups (3.1 million), Honda (3 million) and Suzuki (2.3 million).
- The BYD group (2.1 million), which almost doubled its volume from last year (this is the largest increase recorded among the top 20 world carmakers), reaches tenth place, behind Honda and Suzuki. He was thirteenth in 2022.
- The Premium carmakers BMW and Mercedes follow each other very closely (2 million and 1.9 million), ahead of the Geely groups (1.8 million) and Renault (1.6 million). Tesla follows in fifteenth place (1.3 million), increasing by 400,000 units compared to last year. Behind, we note the presence of the Chinese Changan (1.2 million), Chery (1.2 million) and Great Wall (800 000). Tata Motors (1.1 million) and Mazda (1 million) fit between these three Chinese carmakers.
The Renault group wants to sell 1 million BEVs in 2031
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The Renault group wants to sell 1 million BEVs in 2031
- The Renault group has announced that it wants to sell one million electric vehicles in 2031 compared to 150,000 in 2023. To achieve this objective, it would be necessary to increase the sales volume of its BEVs by 100,000 units each year. Renault specifies that it wants to reach 300,000 BEV sales in 2025 and 1,000,000 in 2031.
- To achieve these ambitious objectives, the Renault group plans to launch several new models by 2026: Scenic BEV, R4 BEV, R5 BEV, Twingo BEV, Alpine BEV, Master BEV, Trafic BEV in addition to the Spring, Zoé, Megane BEV and Kangoo BEV already marketed. To increase its market share, the Renault group plans to launch BEVs priced at less than 30,000 euros (R4 BEV and R5 BEV) and even less than 20,000 euros (Twingo BEV).
- It should also be noted that with the aim of developing its battery electric vehicles, Renault has created a dedicated financial structure, called Ampère, a subsidiary of the Renault group.
- Inovev is instead counting on 600,000 BEV sales in 2030 from the Renault group. Inovev forecasts 520,000 Renault brand BEVs produced in Europe in 2030 including 126,000 R5 and R5 Alpine, 106,000 Twingo, 93,000 Mégane, 81,000 R4, 75,000 Scenic, 35,000 Kangoo, 10,000 Trafic and 5,000 Master. In addition, Dacia should import 70,000 Spring from China, unless the carmaker decides to produce it in Europe by then (probably in Slovenia, alongside the Twingo BEV with which it could share platform and engines).
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