UK's car output down for second straight month in April

admin admin | 05-30 16:30

Manufacturers produced a combined 25,031 units of EVs, a modest 0.1% rise on the previous year, the industry body said.
Britain's car production fell by 7% year-on-year in April, falling for a second consecutive month, as manufacturers wound down existing models and more plants transitioned to electric vehicle (EV) production, industry data showed on Thursday.

A total of 61,820 cars rolled off production lines in April, compared with 66,527 units in the same period last year, the Society of Motor Manufacturers and Traders (SMMT) said. March production volumes were down by 27.1%.

"With a general election in a matter of weeks, the next government must ensure the conditions are right not just for the competitiveness of UK manufacturing, but for the investment required to transition the sector to a net zero future," SMMT CEO Mike Hawes said.

Electrified vehicles, whether fully electric models, plug-in hybrids or full hybrids, represented 40.5%, up from 37.7%, of all cars produced.

Manufacturers produced a combined 25,031 units of EVs, a modest 0.1% rise on the previous year, the industry body said.

Production of EVs has successively grown as giants like Nissan and Jaguar Land Rover-owner, Tata Motors have poured in billions in the country to ramp up EV plans as it attempts reach net zero by 2050.

Meanwhile, UK car production is down 0.8% on 2023 volumes in the year to date, SMMT added.

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.


ALSO READ

China's Zeekr launches EV in Australia, eyes New Zealand next

Chinese EV maker Zeekr's has begun sales of its first model for Australia. Chinese EV maker Zeekr's ...

Hyundai is for the long haul and do not expect to make quick buck on listing: Dipan Mehta

Dipan Mehta, Director, Elixir Equities.Dipan Mehta, Director, Elixir Equities, says Hyundai compares...

EV chipmaker Wolfspeed set to receive USD 750 million US chips grant

Wolfspeed's devices are used for renewable energy systems, industrial uses and artificial intelligen...

Rio Tinto Q3 iron ore shipments rise, Simandou on track for 2025

Rio said iron ore production from its Iron Ore Company of Canada (IOC) operations fell 11% following...

Hyundai issue is for long-term investors; expect 16-18% growth in next 2-3 yrs: Narendra Solanki

Narendra Solanki, Head Fundamental Research-Investment Services, Anand Rathi Shares & Stock Brok...

Electric car sales have slumped, misinformation is one of the reasons

The politicisation of green initiatives adds to the challenge. When electric vehicles become associa...