Sebastian Gollnow | picture alliance | Getty Images The CEO of Daimler emphasized the importance of low-emission technologies and innovation on Friday, telling CNBC that the automotive industry was “in the middle of a transformation.” “Next to the things that we know well — to build, frankly, the world’s most desirable cars — there are… Continue reading Daimler’s Mercedes-Benz triples its electric car sales as CEO predicts a ‘transformative’ decade
Tag: Renault
Nissan to cut car production due to lack of chips
TOKYO — Nissan Motor is to reduce production of automobiles due to a lack of semiconductors, Nikkei has learned. The Japanese automaker will cut production of its flagship Note compact car by 5,000 units in January. The production reduction may continue in February. The use of semiconductors in smartphones and communication base stations is increasing,… Continue reading Nissan to cut car production due to lack of chips
Renault Samsung to cut top jobs, slash pay amid pandemic
Seoul: Renault Samsung Motors Corp said it will reduce the number of executives and their salaries as the company has entered emergency management amid the Covid -19 pandemic. The South Korean unit of Renault SA has suffered a sharp decline in sales due to lack of new models and the pandemic’s impact on production and… Continue reading Renault Samsung to cut top jobs, slash pay amid pandemic
Chinese EV maker Xpeng and rivals bet on European market
PARIS — For years, Chinese automobile makers have failed to enter the European market, known to be mature and conservative. But last year’s unexpected boom in sales of electric vehicles in Europe is expected to change the game. One of China’s major EV makers, Xpeng, announced late December that it would start delivering its G3… Continue reading Chinese EV maker Xpeng and rivals bet on European market
@Mitsubishi: Mitsubishi Motors Reports Fourth Quarter, Full Calendar Year 2020 Sales
Through the bulk of 2020, MMNA concentrated efforts on supporting its dealer partners across the country with COVID protocols, to assist in protecting employees and customers. But a key part of the company’s year-long effort was to focus on improving the overall and long-term health of the franchise dealer network and Mitsubishi Motors business by… Continue reading @Mitsubishi: Mitsubishi Motors Reports Fourth Quarter, Full Calendar Year 2020 Sales
Foxconn to make electric SUVs with cash-strapped Chinese startup Byton, may invest $200m
Cash-strapped Chinese startup Byton, Apple assembler Foxconn and the Nanjing Economic and Technological Development Zone have agreed to start building electric sport-utility vehicles in 2022, according to a statement on Monday. Young Liu, chairman of Foxconn said in the statement that the partnership with Byton will be a key part in Foxconn’s strategy in electric vehicle (EV) industry.… Continue reading Foxconn to make electric SUVs with cash-strapped Chinese startup Byton, may invest $200m
G.M. Accelerates Its Ambitions for Electric Vehicles
For the last five years, G.M., Ford Motor, Volkswagen and others have been trying to develop compelling and affordable electric vehicles, while watching with both envy and admiration as Tesla raced ahead. Tesla is on track to sell close to 500,000 E.V.s this year, far more than any rival, and is building factories in Germany… Continue reading G.M. Accelerates Its Ambitions for Electric Vehicles
MG poised to launch compact electric hatchback
MG will aim to offer one of the best value electric cars available with a new EV supermini; one of its two models expected to launch next year. While the first – production version of the E-Motion – will increase the desirability factor and boost the brand’s image, MG will also stay true to its modern-day ethos with a low-cost, battery-powered rival… Continue reading MG poised to launch compact electric hatchback
Nissan Motor to reduce presence in Europe as part of turnaround plan: Yomiuri
By Reuters Staff 2 Min Read FILE PHOTO: The logo of Nissan Motor Corp. is displayed the company’s showroom in Tokyo, Japan November 11, 2020. REUTERS/Issei Kato TOKYO (Reuters) – Nissan Motor is planning to further reduce its presence in Europe and outsource the sales and manufacturing of its cars to alliance partner Renault, the… Continue reading Nissan Motor to reduce presence in Europe as part of turnaround plan: Yomiuri
BYD’s EV battery recycling goes global with Itochu
TOKYO/GUANGZHOU — Chinese electric vehicle maker BYD will transform old EV batteries into power storage for rewnewable energy and factories across the globe in a new partnership with a Chinese startup and Japanese trading house Itochu. The ship-container-sized power units will begin to go on sale as early as fiscal 2021 Asia, the U.S. and Europe.… Continue reading BYD’s EV battery recycling goes global with Itochu