According to Reuters, on October 4, the Society of Motor Manufacturers and Traders (SMMT) warned that the UK electric vehicle market may not be able to achieve its expected targets under the Zero Emission Vehicle (ZEV) regulations by 2024 and called on the New Labour government to introduce incentives to encourage private consumers to accelerate their shift to electric vehicles. The above is reportedly from an open letter to Chancellor of the Exchequer Rachel Reeves, which was signed by several automakers and SMMT CEO Mike Hawes, who reiterated his call for (the UK government) to halve the tax on […]
According to the latest statistics, a total of 39,931 new cars were delivered in September. From January to August, the average transaction price of all models of Harmony Zhixing reached 399,000 yuan, which was further increased compared with 381,700 yuan in July. At present, Harmony Zhixing has three brands, Wenjie, Zhijie and Xiangjie, and six models are on sale. The best single model delivery performance is the Wenjie New M7 series, with a total of 16,805 new cars delivered in September, a month-on-month increase of 63.8% compared with August. Since the upgrade in September 2023, the cumulative delivery of the Wenjie New M7 series has reached 200,000 vehicles. […]
Toyota Motor Corporation recently announced a $500 million investment in U.S. flying car company Joby Aviation, further solidifying its strategic position in the future mobility sector. This investment reflects Toyota’s confidence in Joby’s growth potential and underscores the automaker’s proactive stance in exploring new transportation solutions. Joby Aviation is a startup focused on electric vertical takeoff and landing (eVTOL) aircraft, aiming to create a future for urban air mobility. The funding will accelerate Joby’s product development and commercialization efforts to address the increasing challenges of traffic congestion and environmental sustainability worldwide. Toyota’s Chief Financial Officer stated, “This investment is a significant step in our commitment to innovation and […]
According to Reuters, on October 2, the Italian Automobile Industry Federation (FIM-CISL) said that due to continued weak market demand, especially for electric vehicles, automaker Stellantis’s car production in Italy this year will fall below 500,000 from 751,000 in 2023. Ferdinando Uliano, head of FIM-CISL, said that “if the trend in the third quarter continues into the fourth quarter, production (the situation) will become more severe”, when (full-year) sedan production will be less than 300,000 and van production will be about 200,000. The report said that this forecast shows that Stellantis’ production level in Italy is far below the goal it is discussing with the Italian government, which […]
To boost sales, Ford Motor Company has announced that it will provide free home chargers to electric vehicle consumers in the United States by the end of 2024. This new initiative aims to reduce the cost of ownership for consumers and enhance the appeal of electric vehicles, particularly in the context of increasing market competition. Ford stated that the free chargers will not only make it more convenient for owners to charge at home but also improve the overall user experience of electric vehicles. The company hopes that this measure will encourage more consumers to choose electric vehicles and promote the development of sustainable transportation. The initiative has […]
On September 30, 2024, British luxury car manufacturer Aston Martin issued a warning that, due to disruptions in the automotive parts supply chain and a sluggish Chinese market, the company expects its core profits for the year to decline. Additionally, Aston Martin has lowered its full-year production forecasts. This news triggered significant market attention, causing the company’s shares to drop by 8% in early trading. Analysts point out that supply chain issues and changing market conditions pose significant challenges for luxury car manufacturers, and Aston Martin’s adjustments reflect the broader pressures faced by the industry. Despite its esteemed reputation in the luxury automotive sector, these external factors create uncertainty […]