China and electric cars offer automakers hope after a dire 2020 – Reuters

Renaults chief executive officer Luca de Meo will present a strategy upgrade on Jan. 14 that sources state will focus on restoring some older very popular designs as EVs.
BMW stated international EV sales rose 31.8% versus 2019 and accounted for 15% of sales in Europe, “implying electromobility is likewise a substantial growth driver for the business in outright terms.”
BMW likewise satisfied its 2020 EU emissions targets.
The carmaker said that by 2023 it would nearly double its line-up of energized lorries to 25 designs, with majority of them totally electrical.

” 2020 was a turning point for Volkswagen and marked an advancement in electric movement,” stated Ralf Brandstatter, head of the VW brand name.
Rival BMW saw sales rise 3.2% in the fourth quarter and ended 2020 down 8.4%. The carmaker, which also owns the Mini and Rolls-Royce brand names, stated sales were up 7.4% in China, its best performance considering that going into that market in 1994.
Daimlers Mercedes-Benz brand name, which reported figures on Friday, remained the worlds top-selling high-end carmaker for the 4th year running. While global sales fell 7.5%, the premium brand name saw sales in China increase 11.7%, consisting of a 22% dive in the 4th quarter.

SUBMIT PHOTO: A lady holds a cable to charge up a Renault Kangoo ZE electric energy lorry at a Renault auto car dealership in Cagnes-Sur-Mer, France, October 22, 2020. Picture taken October 22, 2020. REUTERS/Eric Gaillard/File PhotoChinas car market rebounded promptly following its shutdown to tackle the COVID-19 break out, while in Europe manufacturers fight to meet difficult brand-new emissions targets helped electric vehicles (EVs) move from the margins to the mainstream.
Volkswagen, the worlds biggest carmaker, reported a drop in sales at its core VW brand of just over 15% against 2019.
While VW brand name sales fell nearly 10% in China, Volkswagens luxury Audi brand name had its best-ever 4th quarter and full-year sales in China rose 5.4%.
The VW brand name likewise saw international sales of fully-electric cars and trucks jump 197% from 2019 to 134,000, although that still only represented 2.5% of the overall.

ELECTRIC AVENUE
The race is now on to establish EVs to satisfy emissions targets and obstacle market leader Tesla.
The major carmakers require to produce big numbers of EVs to attain economies of scale and make them profitably, and 2020 provided some hope they might be on course to accomplish that.
EVs were the just excellent news in an otherwise bleak 2020 for Frances Renault, which underperformed the worldwide and European vehicle markets.
While Renaults group sales fell more than 21%, its EV sales in Europe jumped more than 101%. The business verified it had actually fulfilled its 2020 EU emissions targets, therefore avoiding fines.

LONDON (Reuters) – Sales of high-end vehicles in China and electric drives in Europe were the two brilliant spots for European car manufacturers in a 2020 blighted by the COVID-19 pandemic, company updates showed on Tuesday.

Reporting by Nick Carey. Editing by Mark POtter

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