Schaeffler has concluded an agreement on the planned merger with Vitesco Technologies. Vitesco shareholders have until mid-December to accept the improved offer. The company has already made an important personnel decision for the time after that. Read more…
Changan aims to get its Thailand plant into production by Q1 2025
Changan’s production facility in Thailand will introduce models from sub-brands Deepal, Avatr, and Qiyuan, with an annual capacity of 100,000 units in the first phase. Read more…
Great Wall Motor’s European expansion continues
Great Wall Motor, the Chinese automaker, is pushing forward with its expansion plans in Europe, aiming to establish a stronger presence in the continent despite obstacles such as an anti-subsidy investigation. After successfully entering the German and UK markets, the company now has its sights set on eight additional European countries, according to reports from local media outlet Sina Tech.
Great Wall Motor plans to enter Italy, Spain, Portugal, the Netherlands, Belgium, Luxembourg, Austria, and Switzerland. The company’s overseas brand, GWM, is taking proactive steps to facilitate local… Read more…
Harley’s Serial 1 bought up by Lane & LEV Manufacturing
Harley-Davidson’s e-bike subsidiary Serial 1 has been acquired by Florida-based e-bike manufacturer LEV Manufacturing (formerly known as Life Electric Vehicles), and Lane VC, a mobility focused investment firm. Read more…
Closer look at Kawasaki’s new electric motorcycles, the Ninja e-1 and Z e-1
Kawasaki’s upcoming new electric motorcycles are set to help the brand usher in the future of motorcycling. This month, we got the chance to check them out in person and take a closer look at the Kawasaki Ninja e-1 and Z e-1 models. Read more…
More headaches for Tesla in Sweden as a supplier for Model Y joins strike
More drama is unfolding as the dispute between Swedish unions and Tesla now involves a supplier of critical components for the Model Y, where workers have reportedly set down their tools in support of the IF Metall strike. They said they won’t be showing up for work, or will be given non-Tesla-related tasks, until further notice.. Read more…
Best Lease-to-Own EV Deals and the ‘1-day lease’
Looking to put a huge holiday ribbon on a new EV? There’s a widespread belief that buying a new car is always much cheaper than leasing it in the long run. However, we’ve found six EV lease deals that shatter that myth, with terms that pass the entire commercial clean vehicle Federal tax credit to the lessee and enable the lessee to eventually own the vehicle for thousands of dollars less than paying cash up front. Read more…
Stellantis to build small electric cars in Spain
Stellantis has given the works council at its Spanish plant in Vigo the go-ahead to produce small electric cars based on the STLA Small platform there. The move comes as no surprise – the (expected) confirmation for the second Spanish plant in Zaragoza is still pending. Read more…
Volta Trucks closes in on potential investor
The insolvent Swedish electric truck startup Volta Trucks is reportedly on the verge of being rescued. The Luxor Capital Group, which is both a shareholder and lender to Volta, is in advanced talks with the insolvency administrators of Volta Trucks about a purchase of the company. Read more…
VW platform for China to be MEB-based
Volkswagen has confirmed the previously leaked plan to develop a platform for affordable electric cars in China and provided some further details. The new platform will be derived from the Group’s modular electric drive matrix (MEB). And at a considerable pace, for VW. Read more…
Huawei-backed Aito says new M7 gets over 100,000 firm orders in less than 3 months from launch
The production capacity target for the new Aito M7 has been raised to an average of 700 units per day, with a maximum annual capacity of 200,000 units, according to local media. Read more…
Tesla’s €2 billion investment in India depends on tax cuts
Tesla’s eyes are once again set on the Indian market, with a potential multi-billion-dollar investment in the offing. However, this move depends on a crucial factor: the reduction of import taxes on electric vehicles. Tesla’s Indian venture has been a recurring theme, but the road to realization seems to be paved with hurdles, particularly in the form of import duties that could make or break the deal.
According to a report by Economic Times, Tesla is contemplating a substantial investment of up to €2 billion to establish a manufacturing presence in India. This decision, though, hangs… Read more…
Changan’s NEV unit Deepal aims to sell 450,000 vehicles globally in 2024
Deepal delivered 15,513 vehicles in October, taking January-October deliveries to 102,417 vehicles. Read more…
Battery advance extends RV range
US start-up Grounded has developed a modular electric recreation vehicle (RV) with a range of 250 miles (writes Nick Flaherty).
The G2 increases the range from the 100 miles of the original version, the G1, by using a larger and more efficient battery pack. Read more…
Zeekr says its 007 sedan gets over 25,000 pre-orders in 9 days
The Zeekr 007 will be officially launched and begin deliveries in early January 2024 with a pre-sale starting price of RMB 229,900 yuan. Read more…
Lithium carbonate prices fall 50% in 6 months in China with supply-demand balance seen as still 1 year away
Lithium carbonate prices are expected to still have room to fall, with the supply-demand balance point expected to occur by the end of 2024 or 2025, an expert said. Read more…
Great Wall Motor to enter more European countries, plans to build local R&D center, report says
After Germany and the UK, Great Wall Motor plans to expand its presence in Europe to eight additional countries including Italy and Spain, according to local media. Read more…
China state paper article says it’s unwise to ‘blindly downplay’ battery swap model
As NEV ownership rises rapidly, battery swap may be the way to go when the load of residential charging struggles to meet demand, said an opinion piece in Economic Daily. Read more…
Huawei and Changan join forces in the race for automotive innovation
Chongqing Changan Automobile has embarked on a new journey towards automotive innovation, forging a partnership with tech giant Huawei that aims to revolutionize the smart driving systems and components industry. In a memorandum of understanding (MoU) signed on November 25 in Shenzhen, Guangdong province, Changan and Huawei laid the groundwork for a joint venture that has the potential to reshape the automotive landscape.
This isn’t the first time the two companies have worked together. They both are involved in the Avatr brand with two vehicles – the Avatr 11 and Avatr 12 – already making… Read more…
2024 Kia EV6: Price And EPA Range Overview
The lineup has expanded with a focus on affordability. Read more…
