According to foreign media reports, Ford has begun to produce electric vehicle drive motors in factories in Halewood, Britain. The factory can produce up to 420,000 motors per year, so 70%of Ford’s sales of electric vehicles sold in Europe. Ford’s motors produced in Harry Wood will be used for new PUMA Gen-E, E-Transit Custom and E-Tourneo Custom. In other words, the motor produced by Harrywood will be exported to Romania and Türkiye. It is reported that Ford’s PUMA GEN-E produced in Romania’s Craiova in Romania, as well as small box truck […]
According to foreign media reports, General Motors will generate two more than 5 billion US dollars of costs and assets due to its Chinese business, one of which is related to business reorganization, and the other reflects the decline in the value of joint ventures. On December 4, GM said in a securities filing document that it is expected that the value of its joint venture in China will be reduced by $ 2.9 billion, and the cost of another $ 2.7 billion will be expected to close the factory and reorganize it. Business in China. […]
Hyundai Motors has set another record in the U.S. sales. Hyundai’s impressive lineup of electric vehicles is spurring consumer demand, with the company’s best-selling IONIQ 5 SUV more than doubling sales in November from a year ago, setting a new monthly U.S. sales record. Hyundai sold 76,008 vehicles in the U.S. in November, and its record-breaking momentum has not slowed down. Randy Parker, CEO of Hyundai Motor America, said sales growth was driven by growing consumer demand for electric and hybrid vehicles. Hyundai’s U.S. electric vehicle sales increased 77% in November compared to the same period last year, while hybrid vehicle sales increased 104%. Last month, the company’s electrified […]
Sajjan Jindal, chairman and family owner of Indian steelmaker JSW, said JSW plans to launch its own electric car brand, marking the company’s entry into India’s growing electric car industry. Before announcing plans to launch an electric car brand, JSW announced in March this year a $1.5 billion joint venture with SAIC Motor to produce and sell MG-branded electric cars in the Indian market. In an interview, Jindal said that JSW plans to build an automobile plant in Aurangabad, Maharashtra, western India, which will exclusively produce its own brand of cars. This is also the first time that the company has revealed its goal of producing cars under its […]
According to foreign media reports, on December 3, the European Commission called for an EU fund with an additional 1 billion euros (about $ 1.1 billion) to support electric vehicle battery manufacturing because the current electric vehicle industry is facing pressure. The European Commission stated that the fund will become part of the 4.6 billion euros of the INNOVATION Fund to support the development of net zero technology and renewable hydrogen energy for the EU. European electric vehicle manufacturers are facing fierce competition from Asia. At the same time, consumers’ demand failed to meet expectations, resulting […]
According to foreign media reports, Lisa Brankin, chairman of the Ford Motor British Branch, called on the British government to provide a consumption incentive of up to £ 5,000 for each electric car. At present, global auto manufacturers are facing new challenges. It is difficult for them to profit from the electric vehicle business, because the competition from Chinese affordable electric vehicles is very fierce, and in different markets, consumers’ demand for electric vehicles is also poor. together. Brankin said that the government provides direct support for consumers to purchase zero -emission vehicles, […]