AGP Executive Report
Last update: an hour agoGlobal Sales: BYD sold 463,561 vehicles in September, with overseas sales up 153.9% year over year. Chinese-built vehicles also outsold Japanese- and Thai-built cars combined in Australia, taking nearly 40% of the market. Brand Strategies: Jaguar unveiled its $130,500 Type 01 electric grand tourer as the first production model in its reinvention, with deliveries expected in late 2027. Chery, meanwhile, reshuffled leadership to bring its namesake brand’s domestic and international operations together. Product Shifts: Porsche’s turnaround plan calls for mid-engine sports cars and larger SUVs as sales and margins weaken; it says the next Boxster and Cayman will remain electric, despite earlier signs that combustion versions were planned. Hyundai is also leaning more on hybrids amid soft demand for battery-electric vehicles. Trade and Transition: Britain is weighing tariffs on Chinese electric cars amid pressure from the EU, while petrol-only vehicles fell below half of global new-car sales for the first time.
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