Volvo Eicher Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, sold 7181 units in January 2023, up 32.1% from 5434 units in January 2022. This comprises 6992 Eicher brand vehicles and 189 Volvo brand vehicles. In terms of sales volume, the company noted in a statement that Eicher branded trucks and… Continue reading VECV reports 32% jump in January 2023 sales to 7181 units
Tag: Geely
Peugeot 208 is Europe’s best-seller in 2022, new car market in third straight year of decline
Peugeot 208 is Europe’s best-seller in 2022, new car market in third straight year of decline The European new car market recorded another year-on-year decline in 2022. According to JATO Dynamics data for 30 markets (EU-26 + UK, Norway, Switzerland, and Iceland), volume totalled 11,309,310 units, down by 4.1% when compared to 2021, and the… Continue reading Peugeot 208 is Europe’s best-seller in 2022, new car market in third straight year of decline
Electric vehicle market size to grow by 25,927.15 thousand units from 2022 to 2027: A descriptive analysis of covid recovery, vendor assessment, and market dynamics – Technavio – Yahoo Finance
NEW YORK, Jan. 25, 2023 /PRNewswire/ — The global electric vehicle market size is estimated to increase by 25,927.15 thousand units from 2022 to 2027. The market’s growth momentum will accelerate at a CAGR of 37.45% during the forecast period. The outbreak of COVID-19 worldwide also affected this sector in 2020. Automotive production in Q1 2020… Continue reading Electric vehicle market size to grow by 25,927.15 thousand units from 2022 to 2027: A descriptive analysis of covid recovery, vendor assessment, and market dynamics – Technavio – Yahoo Finance
German Manager Magazine: Christian Malorny: Why German car brands have to become more Chinese002289
Ten years ago, Ferdinand Piëch, father of the Volkswagen empire, wanted to know how Great Wall and other Chinese brands could put snazzy $15,000 SUVs on the road. We dismantled the vehicles and were amazed at the high perceived value in terms of workmanship and design; and at a cost that is 50 percent lower… Continue reading German Manager Magazine: Christian Malorny: Why German car brands have to become more Chinese002289
The Worldwide Electric Vehicle Industry is Predicted to Reach $1,869 Billion by 2030 – Growing Environmental Pollution Due to Conventional Transports Drives Growth
DUBLIN, Feb. 1, 2023 /PRNewswire/ — The “Electric Vehicle Market by Vehicle Components, by Vehicle Type, by Class, by Top Speed, by Drive Type, By Charging Point Type, Vehicle Connectivity, By Propulsion Type, By End User – Global Opportunity Analysis And Industry Forecast, 2022-2030” report has been added to ResearchAndMarkets.com’s offering. Electric Vehicle Market size… Continue reading The Worldwide Electric Vehicle Industry is Predicted to Reach $1,869 Billion by 2030 – Growing Environmental Pollution Due to Conventional Transports Drives Growth
Geely’s Lotus going public via SPAC at $5.4 billion valuation
Lotus Technology, the electric-car maker owned by China’s Zhejiang Geely Holding Group Co., agreed to merge with a blank-check company in a transaction that values the combined entity at about $5.4 billion. L Catterton Asia Acquisition Corp. will combine with the EV making subsidiary of the British carmaking group that Geely acquired back in 2017,… Continue reading Geely’s Lotus going public via SPAC at $5.4 billion valuation
Clive Brook sells Volvo dealerships to Ray Chapman Motors
Clive Brook Volvo has sold its two dealerships to family-run company, Ray Chapman Motors following the decision by founder and MD Clive Brook to retire. The company’s Bradford and Huddersfield dealerships will be taken over by Ray Chapman Motors, who already operate Volvo franchises in neighbouring Malton and York. Latest figures filed at Companies House… Continue reading Clive Brook sells Volvo dealerships to Ray Chapman Motors
Geely to float arm of carmaker Lotus via $5.4bn deal with LVMH vehicle
LONDON (Financial Times) — China’s Geely will list part of its sports car brand Lotus in the U.S. through a merger with a shell company that was founded by an LVMH-backed investment group in a deal that values the automaker at $5.4 billion. The merger announced on Tuesday will be between Lotus Technology, which has… Continue reading Geely to float arm of carmaker Lotus via $5.4bn deal with LVMH vehicle
New electric cars 2023: what’s coming when
The Maserati Grecale SUV will join the Gran Turismo with its own electric variant which will stand alongside its internal combustion engined equivalent. There’s no confirmed intel on its performance figures yet, but Maserati has promised up to 590lb ft, and it will likely rival the Audi E-Tron S, which hits 0-62mph in 4.5sec and… Continue reading New electric cars 2023: what’s coming when
Marine outboard engines market: Driven by growth in rising sales of boats – Technavio
NEW YORK, Feb. 1, 2023 /PRNewswire/ — The marine outboard engines market size is forecast to increase by USD 3,019.33 million from 2022 to 2027, at a CAGR of 5.36%, according to the recent market study by Technavio. The growth of the market will be driven by the rising sales of boats, the growing adoption of automotive technologies in… Continue reading Marine outboard engines market: Driven by growth in rising sales of boats – Technavio