Latest news with #electricVehicles
Yahoo
09-07-2025
- Automotive
- Yahoo
TRATON GROUP Reports Unit Sales Slightly Above Prior-year Level With 80,000 Vehicles in the Second Quarter of 2025
MUNICH - July 9, 2025 (NEWMEDIAWIRE) - In an uncertain market environment, the TRATON GROUP reported unit sales that were slightly above the prior-year level in the second quarter of 2025. Based on preliminary figures, a total of 80,000 vehicles were sold in the second quarter of 2025, compared to 79,000 vehicles in the prior-year quarter. In the first half of 2025, unit sales came to 153,100, representing a 4% decrease. Unit sales of the TRATON GROUP: Q2 2025 Q2 2024 Delta H1 2025 H1 2024 Delta TRATON GROUP 80,000 79,000 1% 153,100 160,100 -4% of which all-electric vehicles 630 290 117% 1,250 610 107% - Scania Vehicles & Services 24,600 25,800 -5% 46,800 52,300 -10% of which all-electric vehicles 120 60 89% 220 110 103% - MAN Truck & Bus 26,400 25,300 4% 47,000 49,400 -5% of which all-electric vehicles 430 100 318% 800 240 238% - International Motors 17,600 16,000 10% 34,500 35,300 -2% of which all-electric vehicles 90 120 -21% 180 170 3% - Volkswagen Truck & Bus 11,400 11,900 -4% 24,800 23,400 6% of which all-electric vehicles 0 10 -88% 50 90 -42% Percentage changes are based on unrounded figures Scania Vehicles & Services sold 5% fewer vehicles in the second quarter of 2025 than in the prior-year quarter. In Brazil, elevated dealer stocks, rising interest rates, and high inflation are creating challenging market conditions. This is particularly affecting Scania due to the focus on heavy duty trucks. Unit sales declined by 10% in the first half of the year. MAN Truck & Bus increased unit sales by 4% in the second quarter of 2025, reflecting the good order momentum of the last two quarters in Europe, especially in Germany. In the first half of 2025, MAN's unit sales were 5% lower year-on-year. International Motors saw an increase in unit sales of 10% in the second quarter of 2025 compared to the prior-year quarter, which had been affected by a fire at a supplier's plant. However, the US market faces ongoing uncertainty regarding the impact of import tariffs and the economic outlook. Unit sales fell by 2% at International in the first half of 2025. Volkswagen Truck & Bus (VWTB) posted a 4% decline in unit sales in the second quarter of 2025. VWTB was also affected by the weakening momentum in the Brazilian market. Nonetheless, VWTB grew unit sales by 6% in the first half of the year due to the strong opening quarter. The TRATON GROUP will publish its 2025 Half-Year Financial Report, which also includes more detailed information on unit sales, on July 25, 2025. It will be available here: Contact Ursula QueretteHead of Investor RelationsM +49 152 Thomas PaschenInvestor RelationsM +49 170 TRATON SE Hanauer StraBe 26 / 80992 Munich / With its brands Scania, MAN, International, and Volkswagen Truck & Bus, TRATON SE is the parent and holding company of the TRATON GROUP and one of the world's leading commercial vehicle manufacturers. The Group's product portfolio comprises trucks, buses, and light-duty commercial vehicles. "Transforming Transportation Together. For a sustainable world.": this intention underlines the Company's ambition to have a lasting and sustainable impact on the commercial vehicle business and on the Group's commercial growth. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Bloomberg
09-07-2025
- Business
- Bloomberg
Rare Earths Processor Scales Back Output Due to Construction Delays
Construction delays have caused one of North America's few rare-earth processors to push back its production goal, just as Western nations struggle to counter China's control over metals vital to industry. A plant being built in Canada was supposed to process 400 metric tons of rare earth elements annually starting in 2025 — enough to power 500,000 electric vehicles. Instead, this year's output is expected to be closer to 100 tons due to delays getting equipment needed to build the facility, according to the head of the provincially owned entity.
Yahoo
09-07-2025
- Automotive
- Yahoo
Volkswagen Q2 deliveries rise slightly despite drop in US demand
(Reuters) -German carmaker Volkswagen saw a 1.2% rise in vehicle deliveries during the second quarter despite a drop in U.S. demand, with all-electric vehicles (BEVs) deliveries up 37.6%, the company said on Wednesday. Volkswagen delivered a total of 2.27 million vehicles during the quarter, 248,700 of which were all-electric, it added. The company reported sales growth in all markets except for North America and Western Europe, where deliveries fell by 16.2% and 0.7% respectively.
Reuters
08-07-2025
- Automotive
- Reuters
China car sales jump in June but EV price war concerns intensify
BEIJING, July 8 (Reuters) - China's car sales rose in June for the fifth straight month, but reports by some major electric vehicle makers of easing demand raised concerns about intensifying competition in the world's largest auto market. Sales grew 18.6% in June year-on-year to 2.1 million vehicles from a 13.9% rise in May. First-half sales were up 11.2% to 11.1 million vehicles, data from the China Passenger Car Association showed on Tuesday. EV and plug-in hybrids sales, making up 52.7% of total car sales, increased a hefty 29.7% in June from a year earlier, up from 28.2% in May. But local EV giant BYD ( opens new tab saw car sales growth slow to 11% from 14.1% in May. Li Auto ( opens new tab, which along with BYD are the only two listed Chinese EV makers with full-year profitability, logged a 24.1% sales decline last month, reversing a 16.7% rise in May. Geely Auto ( opens new tab raised its 2025 sales target by 11% to 3 million units, but its sales growth eased to 42% from 46% in May. The cooling or falling sales pointed to "a big dilemma" facing the industry, as any escalation into "a life-or-death competition could put some at risk of being eliminated," said Cui Dongshu, secretary-general of CPCA. Warning the industry of excessive competition, Chinese regulators have called on automakers to halt a growing price war, which is heightening worries about overcapacity amid weak domestic demand and U.S. tariffs. Concerns about oversupply persist, as scepticism over car sales grows with reports of new vehicles being shipped overseas as "used" since 2019, according to a Reuters report in late June. Setting itself apart from industry-wide oversupply woes, Xiaomi ( opens new tab, an emerging competitor to Tesla (TSLA.O), opens new tab, received exceptionally strong orders for its second EV, the YU7 sports utility vehicle, which went on sale last month. Tesla's China sales swung to a 3.7% increase last month from a 30% fall in May, in the wake of its fastest-ever model ramp-up with just six weeks to full production of the refreshed Model Y in its Shanghai plant. Car exports rose 23.8% in June from the year before, against a 13.5% increase in May, CPCA data showed.
Wall Street Journal
08-07-2025
- Automotive
- Wall Street Journal
Trump's Megabill Gives Chinese EV Makers a Leg Up, Says Head of Auto Group
The U.S. megabill that President Trump signed into law on July Fourth favors obsolete gasoline-powered cars and hands Chinese electric-vehicle companies a win globally, said the head of a Chinese auto industry group. 'Chinese homegrown brands' exports will see significant growth in the next few years, and the U.S. bill should give China greater room to develop in overseas markets,' said Cui Dongshu, the secretary-general of the China Passenger Car Association, on Tuesday.
