Volvo may not sell its Tesla rival electric car in the US over tariffs

Wang Zhao | AFP | Getty Images
A man uses his mobile phone to take a picture of a Polestar 1 car at the Beijing auto show on April 26, 2018. –

Volvo Cars may not sell its high-performance Polestar electric vehicles in the U.S. if Washington slaps tariffs on imports from China, the Financial Times reported Wednesday.

The automaker recently revealed its Polestar 2, which executives said is priced competitively with Tesla's Model 3 sedan.

But Volvo is owned by Chinese auto company Geely, and the group has so far intended to make the cars at a factory in China. It expects to sell more than 50,000 Polestar vehicles.

A lot of those cars won't make it to the United States if tariffs on Chinese imports are too high, Polestar CEO Thomas Ingenlath told the FT.

The Polestar 2 is one of several vehicles automakers are hoping will draw customers from Tesla.

Competition is expected to heat up around the 2021 model year, said CFRA analyst Garrett Nelson. Competitors are already on the market at a midrange price that's competitive with the Model 3 and higher prices where Tesla's more premium Model S and Model X vehicles sit.

The global automotive industry has found itself caught up in President Donald Trump's trade war with China, leading many automakers to re-evaluate where they build and sell their products.

Read the full story from the Financial Times.

Nissan says its electric car has become the first to break 400,000 in sales

Chris Ratcliffe | Bloomberg | Getty Images

Japanese car giant Nissan says its compact hatchback called Leaf has become the first electric car to exceed 400,000 in sales.
In an announcement Thursday, the business said the landmark figure had solidified the Leaf's “leading role in the global shift toward more sustainable mobility.”
Since its launch in 2010, owners of the vehicle have, in total, driven over 10 billion kilometers. Nissan added that the number of Leaf cars sold since its launch was enough to have saved 3.8 million barrels of oil annually.
The model was the bestselling electric vehicle in Europe last year, Nissan said. In the U.K., the Leaf's newest version has a recommended retail price starting at £27,995 ($36,576).

Overall, 408,000 plug-in vehicle units were sold across Europe in 2018, according to analysis from EV-Volumes. In 2017, there were more than 3 million electric and plug-in hybrid cars on the planet's roads, according to the International Energy Agency's (IEA) Global Electric Vehicles Outlook. This represents an increase of 54 percent compared to 2016.
Almost 580,000 electric cars were sold in China in 2017, according to the IEA, while around 280,000 were sold in the U.S.
While electric vehicles are becoming the car of choice for an increasing number of drivers, they nevertheless face challenges, not least when it comes to perceptions surrounding range and charging infrastructure.
According to the U.S. Department of Energy's (DOE) Alternative Fuels Data Center, electric vehicles (EVs) generally have, at present, a shorter range “per charge” than conventional vehicles with a tank of gas. Driving conditions and driving habits can influence both the efficiency and range of EVs, the DOE says.

One of the current issues for EVs is ensuring there are enough charging stations for longer journeys to be completed. At present, for the U.S. as a whole, there are just under 21,000 public, Level 2 electric vehicle charging station locations. Level 2 refers to equipment that uses a 240 volt, alternating current plug.
Efforts are being made to remedy this, however, and a number of major businesses are investing in charging infrastructure. In January, for example, Volvo Group Venture Capital, a subsidiary of the Volvo Group, invested in a company that specializes in the “high power wireless charging of electric vehicles.”

The wireless charging business, called Momentum Dynamics, is based in Pennsylvania. It is developing and commercializing “high power inductive charging for the automotive and transportation industries.”

Also on Thursday, the City of Edinburgh's Transport and Environment Committee granted approval for the installation of electric car-charging infrastructure in the Scottish capital.
The plan would see the introduction of 66 on-street charging points spread across 14 hubs, authorities said in a statement.
The City of Edinburgh Council added that rapid, fast and slow chargers would be installed around the city, with equipment set to be placed on roads instead of pavements. Installation is due to take place between January and December 2020.
“We've seen an exponential rise in the popularity of electric vehicles over the last few years, and we want to see this continue,” Lesley Macinnes, transport and environment convener, said in a statement.
“Encouraging drivers to choose environmentally friendly modes of transport over diesel or petrol cars will have a real impact on air quality so it's essential that we provide the infrastructure to allow this,” Macinnes added.

Fiat-Chrysler: the twelve works of Mike Manley

He donned the sweater of Sergio Marchione at the death of the handyman of the Agnelli family . At Fiat-Chrysler, it’s Mike Manley who’s been driving since last July . The former boss of Jeep was at the Geneva Motor Show on Tuesday, to explain to the European public with his deep voice and asked… Continue reading Fiat-Chrysler: the twelve works of Mike Manley

Rybrook Group acquires JLR Stoke from Pendragon

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Audi Q4 e-tron, Honda electrifies Europe, Polestar and tariffs: Today’s Car News

Hispano-Suiza Carmen
Audi reveals its third electric SUV in Geneva. Honda announces plans to electrify its European lineup. A startup automaker with Porsche connections plans to introduce an electric car with even faster charging than Porsche. Plans for Volvo's Polestar brand could be in flux due to trade tariffs. And readers weigh in on a potential name for Ford's upcoming electric SUV in our latest Twitter poll. All this and more on Green Car Reports.

Volvo's Polestar performance brand isn't going to pull the plug on the U.S. due to trade tariffs with China. But it will be affected by them.

After introducing the e-tron quattro SUV later this year, Audi plans to follow up with more electric models, including a variant of the e-tron quattro, and now the cheaper Q4 e-tron, based on Volkswagen's affordable electric-car architecture.

Honda announced plans to “electrify” every model in its European lineup by 2025. It's not clear how many models may plug in, as opposed to being hybrids that run on gas.

The grandson of automotive engineering pioneer Ferdinand Porsche, Anton Piëch, has launched a new automaker in Switzerland, and its first model may be able to charge up to 80 percent in less than five minutes.

In our Twitter poll results from last week, our readers weren't buying any of the historic electrified names we suggested for Ford's new electric SUV.

The founder of historic Spanish luxury-car brand Hispano-Suiza always planned to bring an electric-car to market, and his heirs showed the brand's first EV at the Geneva auto show Tuesday.

Finally, Volvo announced plans to limit the top speed of its future cars to 112 mph in an effort to improve safety. It might save some fuel and emissions, too.

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PROTON continued its excellent start to 2019 as registrations for February 2019

Subang Jaya, 6 March 2019 – PROTON continued its excellent start to 2019 as registrations for February 2019 totalled 5,283 units. The numbers represent an estimated market share of 12.7%, an increase of over 3% compared to the same month in 2018.

Overall sales growth higher than all rivals

With February being a short month and traditional low period for car sales in Malaysia, due to Chinese New Year holidays, the majority of automotive brands projected a slower month. PROTON however bucked the trend as sales showed a healthy increase of 37% year on year. Therefore for the first two months of 2019, sales have grown by a cumulative figure of 42% over 2018.

As a result, PROTON leads all its rivals for sales growth for a second consecutive month, comfortably reinforcing its position as the third best-selling automotive brand in Malaysia and eyeing a possible return to second place by the end of the year.

Proton X70 retains position as best-selling SUV in Malaysia

Registrations for..

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Volvo Cars warns of pulling electric cars out of United States – FT

FILE PHOTO: The Volvo logo is seen during the media preview of the 2016 New York International Auto Show in Manhattan, New York, March 24, 2016. REUTERS/Brendan McDermid (Reuters) – Volvo Cars, owned by China’s Zhejiang Geely Holding Group Co, will not sell its all-electric Polestar models in the United States if the company faces… Continue reading Volvo Cars warns of pulling electric cars out of United States – FT

CATL Posts Year-Over-Year Profit Drop

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