Global electric vehicle sales recorded a year-on-year growth of 35.2% in 2023, to 14.2 million units. A decade earlier, in 2013, this sale was only 0.2 million units, according to EV-Volumes. Electric vehicles use one or more electric motors to propel themselves, rather than an internal combustion engine.
China increased its share of light vehicle production worldwide, achieving a record high in 2023. After reaching an all-time high market share of 31.8% in 2022, it raised this indicator to 31.9% the following year. With this, light vehicle production in China increased to 28.8 million units. How
The super peso has influenced the growth of capital goods imports into Mexico after the Covid-19 pandemic. Among all currency quotes against the dollar, the Mexican peso is one of the currencies that has appreciated the most. On December 29, 2023, the exchange rate closed at 16.9190 pesos
The competitiveness of Mexico‘s manufacturing sector has been reflected in the growth of Mexican automotive exports. After falling at a year-on-year rate of 16.8% in 2020, affected by the Covid-19 pandemic, the automotive industry’s external sales from Mexico rose three years in a row at double-digit rates. What
Convertidora Industrial (Conver) recorded a 15.2% year-on-year drop in its sales of metallized balloons in 2023, to P975 million. What are the characteristics of metallized balloons? They are usually made of aluminum foil, with a shiny appearance and retain air or helium better compared to regular latex balloons.
The export history of Grupo Herdez dates back to the 1970s, when the company first established a strategy for its sales outside Mexico. Since then, the company has been conquering new foreign markets, reaching exports of 2,708 million pesos in 2023. What products does the company export? Canned