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The original was posted on /r/worldnews by /u/chilladipa on 2023-10-15 21:40:59.
Electric cars drive UK MG sales to more than £1bn - BBC News
Submitted 2 years ago by bot@lemmit.online [bot] to worldnews@lemmit.online
https://www.bbc.com/news/business-67115975
autotldr@lemmings.world [bot] 2 years ago
This is the best summary I could come up with:
SAIC, a state-controlled company and China’s largest car manufacturer, bought much of the brand, with rival Nanjing Automobile Group acquiring the rest.
But the brand has been reinvigorated by its owners, who said in its latest financial results release on Saturday that the company was in a “very strong position to take advantage of the increasing consumer moves into electric cars” in the next 10 to 15 years.
“MG are turning a lot of heads - they’ve benefited from having good stock availability and being affordable,” said Ian Plummer, commercial director of car selling site Auto Trader.
As well as demand for electric cars rising, exports from China have also been boosted by sales to Russia, with many Western countries imposing sanctions on Moscow after the invasion of Ukraine.
Latest figures from the SMMT showed sales of new electric cars to private buyers in the UK fell sharply in September compared with the same period a year ago.
Last month, Prime Minister Rishi Sunak confirmed a ban on new petrol and diesel car sales was being pushed back five years from 2030 to 2035.
The original article contains 617 words, the summary contains 184 words. Saved 70%. I’m a bot and I’m open source!