Hyper-competition Triggers Price War II Comments from Bill Russo, Founder & CEO of Automobility Ltd. As we have highlighted in our February newsletter, China's automotive market is contending with a number of headwinds exiting 2023: Multi-year decline in sales volumes of Internal Combustion Engine (ICE) powered vehicles (down 11 million units from...
Structural Overcapacity Drives Focus on Exports and Price Discounts Comments from Bill Russo, Founder & CEO of Automobility Ltd. Vehicle shipments in January reached 2.4 million units, a 47.9 percent increase from the previous January, with NEV shipments up 78.8% and ICE shipments up 40.1%. It is important to note that...
Record Vehicle Shipments in a Weak Domestic MarketComments from Bill Russo, Founder & CEO of Automobility Ltd.Vehicle shipments for the full year in 2023 reached 30.1 million units, surpassing the previous peak of 28.9 million units reached in 2017. Total volumes were up 12% over 2022, with NEV...
We are very pleased to share the 46th Edition of Automobility’s EXCELerate pipeline. As always, we are continually scanning the global mobility technology landscape to curate excellent investment opportunities that we believe offer differentiated solutions which fit our “Internet of Mobility” (IoM) and Energy Transition...
Comments from Bill Russo, Founder & CEO of Automobility Ltd. Year-over-Year Shipments Changes from January to November: NEV +36.7% ICE +2.1% Please Note:NEV = New Energy Vehicles (including Battery, Plug-in Hybrid and Fuel Cell Electric Vehicles)ICE = Pure Internal Combustion Engine Vehicles 2023 Shipments Surpass Full Year 2022 in 11 Months Overall volumes through November...
Comments from Bill Russo, Founder & CEO of Automobility Ltd. Year-over-Year Shipments Changes from January to October: NEV +37.8% ICE -0.05% Please Note:NEV = New Energy Vehicles (including Battery, Plug-in Hybrid and Fuel Cell Electric Vehicles)ICE = Pure Internal Combustion Engine Vehicles NEV Breaks Annual Sales Record in 10 months Shipments of New...
Comments from Bill Russo, Founder & CEO of Automobility Ltd. Year-over-Year Shipments from January to September: NEV +37.5% ICE -0.8% Please Note: NEV = New Energy Vehicles (including Battery, Plug-in Hybrid and Fuel Cell Electric Vehicles) ICE = Pure Internal Combustion Engine Vehicles Made-in-China Exports Surpass the Full Year...
We are very pleased to share the 45th Edition of Automobility’s EXCELerate pipeline. As always, we are continually scanning the global mobility technology landscape to curate excellent investment opportunities that we believe offer differentiated solutions which fit our “Internet of Mobility” (IoM) and Energy Transition...
Click here to the audio link An excerpt from the September 21, 2023 AmCham Shanghai Automotive Committee monthly update, where Bill Russo did a deep dive on China auto shipments and rising exports. Highlights: August shipments of 2.58 million vehicles include 846,000 New Energy Vehicles (32.8%), and...
Comments from Bill Russo, Founder & CEO of Automobility Ltd. Year-over-Year Shipments Changes from January to August: NEV +39.2% ICE +1.3% Please Note: NEV = New Energy Vehicles (including Battery, Plug-in Hybrid and Fuel Cell Electric Vehicles) ICE = Pure Internal Combustion Engine Vehicles China Goes Global at IAA Mobility - and the EU...