Tesla wants to sell 250,000 units per year of its Cybertruck pickup

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Tesla wants to sell 250,000 units per year of its Cybertruck pickup

- After two years behind schedule, Californian carmaker Tesla has announced that the first deliveries of its battery electric pickup, the Cybertruck, will be made from November 30, 2023. Tesla plans to produce up to 250,000 units per year from 2025 of this futuristic-looking pick-up in its American plant in Austin (Texas).

- The Tesla pick-up, which is aimed to adress a new segment of the carmaker's customer, that of large pick-ups, will have to convince fans of this type of vehicle who are more inclined to turn to classic-shaped pick-ups and equipped with large thermal engines.
This is the case for the leaders in this category, the Ford F Series, Chevrolet Silverado, Ram pickup and GMC Sierra, which represent a market of 2.5 million vehicles per year, including the Toyota Tundra and Nissan Titan.

- Tesla therefore wants to capture 10% of this market in 2025, with a design that completely breaks with competing models and a 100% electric engine that completely breaks with the habits of competing models, the 100% electric versions of the Ford F-Series and Chevrolet Silverado receiving very few orders.

- This situation does not frighten Tesla boss Elon Musk, who has so far succeeded in making Tesla one of the world's leading brands of electric vehicles in terms of volume (1.75 million vehicles sold in 2023). Elon Musk announced 250,000 orders during the presentation of the Cybertruck in November 2019, 650,000 in November 2020 and 1,250,000 in November 2021, potential customers being attracted by a very competitive price, of around $60,000.

Russia is the first market of Chinese carmakers in Europe

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Russia is the first market of Chinese carmakers in Europe
-Over the 9 months of 2023, the share of Chinese carmakers shows new records in Europe (EU + Switzerland + Norway + United Kingdom), Russia, Turkey and Ukraine. In Europe (EU + Switzerland + Norway + United Kingdom), Chinese carmakers (without Volvo) represent 2.75% of the passenger car market, but in certain countries this market share is much higher such as in Sweden (6, 1%), Norway (5.3%), United Kingdom (5.0%), Netherlands (4.5%), Italy (4.2%) and Spain (3.8%) %).
-Other countries are below the average, such as Denmark (2.5%), Ireland (2.0%), France (1.8%), Belgium (1.8%), Austria (1.7%), Germany (1.4%) and Finland (1.3%). The other countries are well below the average, i.e. 1% or less than 1% of the market. This concerns all the countries of Eastern Europe plus Greece, Switzerland and Portugal.
-Including Volvo, the market share of Chinese carmakers in Europe rises to 4.9% over the first 9 months of 2023. In Ukraine, the market share of Chinese carmakers over the first 9 months of 2023 reached 3.5% and 4.3% including Volvo.
-In Turkey, the market share of Chinese carmakers over the first 9 months of 2023 is higher, reaching 5.4% and 6.6% including Volvo. Note that the new Turkish brand Togg already occupies 1% of the Turkish market. In Russia, the market share of Chinese carmakers over the first 9 months of 2023 exceeded 48% for the first time (48.5%) and this is the largest sales volume (more than 300,000 sales) never recorded on the continent.

The Chinese Aiways and Weltmeister may stop their activity

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The Chinese Aiways and Weltmeister may stop their activity
- There is a lot of discussion about the creation of new Chinese brands and the decline in the market share of foreign carmakers in China, but little is said about the disappearance or bankruptcy of Chinese brands. The brands Zhidou, Dorcen, Lifan, Zotye, Borgward have, however, effectively disappeared in recent years and today we learn that Weltmeister and Aiways may disappear in their turn over the coming weeks or even months, due to sales volumes too weak. Most of the Weltmeister models have already disappeared. In recent months, sales have fallen to zero.
- So, not all Chinese carmakers are as competitive as you might think. Some find it difficult to sell their cars in the Chinese market. Exporting is even more difficult. The most fragile are those who are not backed by large, powerful groups. The multiplication of the number of brands within the different Chinese groups has indeed made it difficult for certain independent brands to survive. Some took advantage of subsidies granted by the Chinese government to create a range of battery electric vehicles, but not all of them are strong enough to last over time. Even today, some recent brands have less than a year old of existence and there is no guarantee that they will still be alive in four or five years.
- Nothing is set in the Chinese automobile industry. Strong carmakers will remain, such as BYD, Changan, Geely, Chery, Great Wall, SAIC, FAW, GAC and Dongfeng. But nothing is certain for brands like Jiangling, Leapmotor, Li Auto, Seres, Shineray, X-Peng and even NIO despite the very ambitious speeches of its leaders.

Inovev forecasts 150,000 units per year of the new Citroën C3

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Inovev forecasts 150,000 units per year of the new Citroën C3

- The Citroën brand (a subsidiary of the Stellantis group) has unveiled the new generation of its B-segment sedan, the C3, which moves away from the traditional design of the brand to a more impersonal style which is somewhat inspired by the Dacia Spring but above all evokes the Fiat style (very vertical front part, square Panda-style bodywork). This is no coincidence since the future Fiat Panda launched in 2024 will largely adopt the style of the new Citroën C3. This new C3 seems also largely based on the C3 produced an sold in India.

-Importantly, the new C3 will be offered for the first time in a battery electric version, and it is this version that is marketed first.
The carmaker proposes the e-C3 at a price very close to that of a lower segment Dacia Spring (A-segment), i.e. 23,300 euros compared to 22,300 euros for the Dacia.-To obtain such a low price, Citroën uses the CMP Entry platform already used on the Indian Citroën C3. The e-C3 has an 83 kW (113 hp) electric motor compared to 48 kW (65 hp) for the Dacia Spring and a 44 kWh battery allowing a range of 320 km (compared to 230 km for the Dacia Spring ) according to the WLTP cycle. A version with a 1,2 litter petrol will also be available.

-The new C3 is 2 cm longer than the old one (4.01 m instead of 3.99 m) and 28 cm longer than the Dacia Spring. Above all, it is 9 cm higher than the old C3 (1.57 m instead of 1.48 m), also approaching the size of a small SUV. The new Citroën C3 will be produced at 150,000 units per year at the Slovak Trnava site alongside the future Citroën C3 Aircross (or C3 X) and Opel Crossland.

Inovev forecasts 75,000 units per year of the new BMW X2 SUV

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Inovev forecasts 75,000 units per year of the new BMW X2 SUV
-A year after the launch of the third generation of its C-segment SUV, the X1, BMW has unveiled the new generation of its C-segment coupe SUV, the X2 (code U10). In BMW's coupe SUV range, the X2 sits below the X4 (D-segment coupe SUV) and X6 (E-segment coupe SUV), the even numbers corresponding to the Bavarian carmaker's coupe SUVs. Odd numbers correspond to standard SUVs, such as the X1, X3, X5 and X7.
-The new X2 will try to boost the sales of a model which has never been really successful since its first debut in 2017. Sales volumes has never exceeded 82 000 units (in 2019) when the X1 has often come close to 190,000 units annually. In 2023, the X2 drops to 32,000 units while the X1 will be close to 150,000 units (Inovev 12-months estimates).
-Based on the UKL platform, the new X2 will be equipped with gasoline engines (2.0 liters of 170 hp) and diesel (2.0 liters of 150 or 190 hp), alongside a BEV version (230 kW-313 hp), named iX2, with a weight closed to 2 tones. BMW has given up on offering a plug-in hybrid version on this model, unlike the previous generation of the X2. Compared to the old X2, the new one is 20 centimeters longer (4.55 m) and is 5 centimeters taller (1.58 m).
-The BMW X2 competes with the Audi Q3 Sportback (for the X2), Audi Q4 E-Tron Sportback (for the iX2), Mercedes GLA (for the Burst (for the X2), the Mercedes EQA (for the iX2), and even the Renault Rafale (for the X2).
-The BMW X2 will be produced at the Regensburg site (Germany) at a rate of 75,000 units per year according to Inovev.
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  3. The Tesla Model Y leads the German BEV market over 9 months 2023
  4. NIO will sell nearly 150,000 BEVs in the world in 2023
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