August 16, 2023
After completing their previously announced ‘business combination’, the SPAC merger between Vietnamese VinFast and the already listed shell company Black Spade Acquisition, shares peaked at $37 on Tuesday after being $22 initially. This instantly made VinFast leapfrogging Ford and General Motors for the time being. These high share prices would value the Vietnamese carmaker around […]
August 15, 2023
Today, the Californian electric carmaker Fisker released additional details on its Fisker Ronin Super GT. This all-electric convertible was showcased for the first time at the company’s product vision day a few weeks ago. Meanwhile, the company had to lower its production targets for 2023 again. “The Fisker Ronin is for people who love to […]
August 11, 2023
Cadillac has unveiled the Escalade IQ, an all-electric ‘full-size SUV’, scheduled for production in the summer of 2024. Based on General Motors’ Ultium platform, the Cadillac Escalade IQ gets an enormous battery. The Escalade IQ, which will debut with the 2025 model year, has up to 559 kW of all-wheel drive with two engines. That’s […]
August 10, 2023
The British chemical company Ineos wants to invest 10 million euros in a hydrogen boiler. The boiler will be located at Ineos’ subsidiary Inovyn in the port of Antwerp and will produce steam using its own surplus of hydrogen. This way, the company can avoid losing energy. To make the Antwerp chemical cluster more sustainable, […]
August 10, 2023
Who can stop BYD on its impressive growth path? On Wednesday, the Chinese car and battery maker unveiled that it had produced its fifth million ‘new energy vehicle’. That is BEVs and PHEVs combined. The news shortly after the company crossed the three-million mark and surpassed Volkswagen as the number one brand in China. The […]
August 10, 2023
A new smaller and electric variant of the rugged Defender is reportedly being prepared behind closed doors at Land Rover. At a recent JLR (Jaguar Land Rover) investor conference, CEO Adrian Mardell confirmed that a new Defender model will come from the all-new EMA fully-electric platform. The British car company recently announced a transformation plan […]
August 10, 2023
There were 322 automobile assembly, engine, and battery production plants in Europe, up from 301 in 2021, according to the latest figures from the European Automobile Manufacturers’ Association (ACEA). Of these, 213 are in the EU, an increase of 19 from 194 in 2021. These totals comprise 127 car factories, 44 for vans, 56 for […]
August 09, 2023
The BMW i7 Protection is the world’s first-ever protection berline with an all-electric drive system. It is driven by two powerful electric motors and meets all the requirements of class VR9 protection without any limitations. The new BMW i7 Protection integrated security concept was factored into developing the new BMW 7 Series range. It centers […]
August 09, 2023
The Taiwanese chipmaker giant TSMC plans to construct a semiconductor plant in the eastern German city of Dresden. After its board meeting on Tuesday, the company announced that a total investment sum of € 10 billion will be involved. The plant will be built jointly with Bosch, Infineon, and NXP, each of which will hold […]
August 09, 2023
The German premium manufacturer BMW has presented a particular version of its 5 Series Sedan and the all-electric i5 for the Chinese market. The China offshoots get a longer wheelbase, more space in the rear, and specific design and equipment features. The 5 Series Sedan and the i5 for the Chinese market are produced at […]
August 08, 2023
Octopus Electric Vehicles, part of Octopus Energy Group, has launched a second-hand leasing offering for electric cars. “We’re making the switch to electric driving the cheapest it has ever been,” says the press release. Octopus’ ‘Nearly New’ salary sacrifice offer makes EVs more accessible to the mass market by reducing costs. Drivers can access popular […]
August 08, 2023
In the United States, Lucid has adapted the ticker prices for some of the Air models to woo over some tempted Tesla customers who can enjoy considerable discounts. Lucid’s offer is only valid as long as the current supply lasts. The company needs to shift some stock, as it reported another significant loss of $700 […]
August 08, 2023
Denza, BYD’s premium branch and joint venture with Mercedes-Benz, is launching two new SUVs back-to-back for the Chinese market. The first is an electric SUV called N7, which should fight against the Tesla Model Y thanks to a 91,4-kWh battery and up to 700 km of range (Chinese CLTC standard). The second is the N8, […]
August 08, 2023
The American electric carmaker Tesla has replaced Chief Financial Officer Zachary Kirkhorn. The reason for his departure has not been disclosed. But the resignation of Kirkhorn, who was seen as a possible successor to Elon Musk as CEO, does come at a tricky time, so close to the launch of the Cybertruck. Master of Coin […]
August 08, 2023
Arval, one of the more prominent multi-brand leasing companies in Belgium, has published data about the most ordered company cars for the first half of this year. According to the Arval Mobility Observatory, the five most ordered company cars are electrified. In Belgium, Arval manages some 100 000 lease contracts for individuals, independents, and companies. […]
August 07, 2023
The listed company D’Ieteren, which is best known for importing and distributing cars of the Volkswagen Group and Carglass, is further expanding its bike chain, Lucien. Having already opened Lucien shops in Brussels, Antwerp, and Ghent, it is now also setting its eyes on Wallonia. It plans to open its first shop in the heart of […]
August 07, 2023
By the end of the year, Ford will deploy a fuel cell version of its F-Max, under development at its Turkish subsidiary Ford Otosan, within the framework of an EU incentive. The 44-tonne truck features fuel cell stacks from Canadian specialist firm Ballard. Together with Volvo, Scania, and Renault, Ford Trucks is a member of […]
August 07, 2023
Hyundai and Kia face a class action lawsuit in California over charging faults with some battery-powered cars. Overheating issues at the charging port may result in a discontinued or fragmented charging process. A group of customers dissatisfied with the results from an update is now bringing the case to court. The problem that the Ioniq […]
August 07, 2023
Car manufacturing group Stellantis has announced that it plans to launch a second EV next year, costing less than € 25 000 in the standard version. The first to be announced was the Citroën ëC3, which should arrive on the market in the Spring of next year. The second lower-priced EV from Stellantis will be […]
August 07, 2023
American electric and fuel cell truckmaker Nikola keeps on sailing through stormy waters. Its third CEO in a row, Michael Lohscheller, the ex-boss of Opel in a former life, is stepping down immediately ‘for family reasons’ and returning to Europe. From there, he will stay on as an ‘advisor’ to assist CEO number four, until […]
August 07, 2023
At an event in Huntington Beach, California, Fisker presented its future electric cars that will be on the market by 2026. The models include the Pear compact SUV, the Ronin five-seater sports car, and a pickup named Alaska. Also present a special off-road version of the Ocean, the Force E. “Fisker isn’t standing still,” said […]
August 04, 2023
According to Swedish tech pioneer Phyron, the future for car sales representatives is looking bleak. In 2025, according to their latest insight, artificial intelligence will be able to sell cars as effectively as humans. The development speed of the technology and the eager adoption of it by retailers are the main drivers. As chatbots don’t […]
August 04, 2023
At Zeekr’s plant in Ningbo, Zhejiang province in China, the first model of the shooting brake 001 destined for Europe has rolled off the assembly lines. The first batch is expected to be shipped to Europe from the port of Taicang in mid-August, with first deliveries this year. The new Swedish-Chinese Zeekr, a sister brand […]
August 04, 2023
Since last month, the new BMW 5 Series owners can enjoy in-car gaming as a suspenseful pastime inside their cars. Though the concept isn’t new, BMW claims the collaboration with start-up AirConsole came about in record time in the lap of its innovation incubator BMW Start-Up Garage. A dedicated app in the curved infotainment system […]
August 04, 2023
The Flemish VAB Mobility Club is also one of Belgium’s largest road assistance providers. While it integrates BEVs in its rolling infrastructure, the road assistants see themselves confronted with more breakdowns on BEVs than the average with vehicles with internal combustion engines. The reasons, however, are not what people would normally expect with electric vehicles, […]
August 03, 2023
The German car manufacturer BMW Group sees in the evolution of the car market a confirmation of its credo: an open technology with ample room for BEVs but also attention to other solutions, even (at least for a certain period) internal combustion engines. Frank Weber, BMW’s Head of R&D, said in the Frankfurter Allgemeine Zeitung: […]
August 03, 2023
Leasys, the new pan-European operational leasing company created by French Crédit Agricole’s daughter CA Consumer Finance and car manufacturer Stellantis has finalized the takeover of the operations of ALD Automotive and LeasePlan in Luxembourg and Portugal. This way, an additional 30 000 vehicles are added to their jointly managed fleet, now totaling 828 000. The […]
August 03, 2023
Registrations of new cars increased over the last 12 consecutive months, but the second-hand car market is also doing well in Belgium, says mobility federation Traxio. After several strong months, the used car market grew in July, with no less than 16,6% to 57 594 units. Cumulated over the first seven months, the increase is […]
August 02, 2023
The Korean brand, formally known as Ssangyong, KG Mobility, has lifted the veil on its latest electric SUV, the Torres EVX. This new version comes with specific design details, an interior, and a powertrain. Following the Korando e-Motion, this new Torres EVX sits higher in the range, with ample interior space, V2L function, and up […]
August 02, 2023
U.S. safety regulators, amongst them the National Highway Traffic Safety Administration (NHTSA), announced an investigation into 280 000 new Tesla Model 3 sedans and Model Y crossovers after receiving a dozen complaints about steering failures from 2023 Model Y and Model 3 owners, the news agency Reuters reports. According to the NTSA, one issue has […]
August 02, 2023
For the 12th consecutive month, the manufacturer and importer association Febiac noticed a significant increase in car sales in Belgium and Luxembourg: 34 669 cars were newly registered in July, 32,5% more than in July last year. The cumulative result since January 2023 is 299 144 registered cars, the best since 2020. Company cars represented […]
August 01, 2023
Buyers of used Volkswagens in the Netherlands may also be massively eligible for compensation for the carmaker’s cheating software linked to dieselgate. The Dutch Consumers Association (CA) says this is the first time ever in the Netherlands that a judge has awarded compensation to an individual owner of a used VW car with cheating software. […]
August 01, 2023
Stellantis Group has completed its 33,3% purchase in entering the capital of French fuel cell specialist Symbio, already a supplier of hydrogen systems for the group’s utility vehicles. The current shareholders, automotive supplier Faurecia and tire giant Michelin announced in December last year the start of negotiations with Stellantis. “Acquiring an equal stake in Symbio […]
August 01, 2023
Mazda is discontinuing sales of its only all-electric model in the US. The Mazda MX-30 will not receive a new model year. Instead, the Japanese company is going all-in on hybrids for electrification in North America. The automaker in a short statement: “Mazda will discontinue MX-30 EV for the US market following the 2023 model […]
August 01, 2023
The spirit of Saab might prevail, finally. An unknown investor has probably purchased the NEVS Emily GT project; hope is glimmering for the ill-fabled manufacturer. There is now a slight chance that a purely electric Saab sedan will occupy the streets again. The mismanagement of owner General Motors and the horrendous fumbling of potential overtakers […]
July 31, 2023
Last Friday, the Vietnamese car manufacturer held the groundbreaking ceremony of its electric vehicle factory in Chatham County, North Carolina, its first car plant in the US. It should produce 150 000 cars annually in phase 1 and employ some 7 500 workers by 2025. The planned $4 billion investment was reeled in by North […]
July 31, 2023
After announcing the electric car cooperation between VW and Audi with the Chinese manufacturers Xpeng and SAIC, Group CEO Oliver Blume gave more details. He spoke about the opportunities for the VW brand with the Xpeng cooperation and what Audi plans to do with the SAIC technology. VW’s own PPE and SPP platforms are not […]
July 31, 2023
The Belgian manufacturers association Febiac has lost its communication director (again). Gabriel Goffoy, who came over from BMW Belux to succeed Joost Kaesemans in September 2021, is returning to its old barn to become General Manager of Mini Belux. Goffoy started his career at BMW in 2003 and introduced Mini (the newly created brand under […]
July 28, 2023
A Brussels Court of First Instance has ordered Volkswagen to pay damages to those affected by the cheating software scandal in which it is embroiled. The German carmaker must reimburse them 5% of the purchase price of their car. Consumer organization Test Aankoop/Test Achat (TA) had filed a class action or group claim for this, […]
July 28, 2023
China exported 2,34 million vehicles in the first half of the year, up 73% from last year, according to data released Thursday by the China Passenger Car Association (CPCA). Exports of new energy vehicles (NEVs) in the first half of the year amounted to 800 000 units, up 105% year-on-year, accounting for 34% of all […]
July 27, 2023
Elia, the operator of Belgium’s high-voltage grid, wants to introduce higher grid tariffs to finance its 15,9 billion euros planned investments, increasing electricity bills for households and businesses. According to Elia, this tariff increase is essential for the vast infrastructure investments the company faces to tackle the energy transition, which is proceeding much faster than […]
July 27, 2023
The first half of 2023 saw an increase in registrations for new vans (LCVs) and trucks compared to 2022, although the pre-corona figures are still out of reach. The market share of electrified commercial vehicles is also growing relatively quickly. The worst of the supply chain issues seems to have passed, as new EU van […]
July 27, 2023
Renault will cease production of its Zoe electric car on 30 March 2024. It was already clear that there would be no new Zoe generation, but now the date has been set for the end of production at the Flins plant. The electric Renault pioneer is making room for a new generation of Renault electric […]
July 27, 2023
The Belgian VUB University (Brussels) is developing a charging technology “to make electric driving more pleasant and efficient”. Researchers at EPOWERS, a research group that works at the VUB MOBI research center, have developed a technology that significantly extends the range of electric vehicles (up to 1 000 km) with a limited number of recharges. […]
July 27, 2023
Seven of the world’s leading carmakers have created an alliance to jointly invest in fast-charging infrastructure for electric cars in North America. BMW, General Motors, Honda, Hyundai, Kia, Mercedes-Benz, and Stellantis intend to accelerate the transition to electric vehicles in North America by making EV charging more accessible, reliable, and convenient. Together, they aim to […]
July 27, 2023
The Volkswagen brand has concluded a technological framework agreement for long-term cooperation with the Chinese electric car start-up Xpeng. The Wolfsburg-based company is also taking a stake of about 5% in Xpeng, and the Audi deal with SAIC was also confirmed by the Group. With the new collaboration with Xpeng, Volkswagen wants to further advance […]
July 26, 2023
Stellantis posts strong growth again in the first half of 2023 and sets new records in net revenues, adjusted operational income (AOI), and net profit. Net revenues of €98,4 billion are up 12% compared to H1 2022, primarily due to higher shipments. The adjusted operating income of €14,1 billion is up 11% compared to H1 […]
July 26, 2023
Porsche has followed its sister brand Audi in opening its Charging Lounge, allowing Porsche EV owners to replenish their batteries while enjoying snacks, drinks, and a comfortable lounge. The Charging Lounge also offers quick charging at a reasonable price. Porsche wants to lower the barrier to entry for electric mobility, although this does not mean […]
July 26, 2023
Renault Group and Nissan Motor Co. Ltd. today announced that they have entered into the definitive agreements contemplated by the binding framework agreement announced in February 2023. Jean-Dominique Senard, Chairman of The Alliance (Mitsubishi, Nissan, Renault), commented: “The agreements that have been signed today allow us to step into the next chapter of the Alliance. […]
July 26, 2023
Mercedes-Benz is trying to improve its sluggish BEV sales, especially in China, but also in other markets. The answer of CEO Ola Kälenius and his management team is to heighten the investments. “Sales may be slow for the moment; changing strategy would be really dangerous,” he says in an interview with the German Handelsblatt. According […]
July 25, 2023
Alliance partner Mitsubishi is discontinuing its China business. The Japanese carmaker justifies withdrawing from the Chinese market by saying that the shift from internal combustion to electric vehicles in China has hit its existing range, and sales have fallen far short of expectations. Production at the Changsha plant in Hunan province was already halted in […]
July 25, 2023
Stellantis, the French-Italian-American automotive manufacturing corporation, and Samsung SDI, the Korean battery and electronic materials manufacturer, have signed a memorandum of understanding to establish a second battery factory in the US. The plant should start production in 2027 with an initial annual production capacity of 34-gigawatt hours (GWh). Last year, in May 2022, both partners […]
July 25, 2023
Two months after it was introduced to the world, the newest generation of the BMW 5 Series started production in BMW’s Dingolfing factory. The combustion-powered model is produced alongside the all-electric i5 thanks to a flexible production process. With the i5, the Dingolfing plant is now producing three electric models, including the iX and i7. […]
July 25, 2023
The JLR Group (previously Jaguar Land Rover) has finally appointed Adrian Mardell as its new permanent CEO. Mardell had already held the post on an interim basis since the resignation of former CEO Thierry Bolloré at the end of 2022. A new chief financial officer has also been appointed. The brand Land Rover is dissolved. […]
July 25, 2023
For weeks already, there have been rumors that VW’s daughter Audi is considering buying an electric car platform from a competitor in China. This comes as the VW Group’s SSP platform accumulates delays, and Audi can’t (and does not want to) wait longer. The company Audi is talking to is the Chinese SAIC Motor Corp. […]
July 24, 2023
Last week, the BMW Group further expanded its R&D footprint in China with the opening of a new R&D Center in Shanghai. China is already home to BMW Group’s largest R&D system outside of Germany, with locations in Beijing, Shanghai, Shenyang, and Nanjing. Based on the concept of open innovation, all of BMW’s R&D functions […]
July 24, 2023
It’s going further downhill with the French hydrogen car fairy tale of racing pilot Olivier Lombard, the Hopium Māchina that once was called the ‘French Tesla of hydrogen’ by the former Transport Minister Jean-Baptiste Djebbari. The Paris court granted the start-up a judicial recovery procedure for six months, eventually to be extended to twelve. In […]
July 24, 2023
The German Federal Ministry of Economics and Climate Protection (Bundesministerium für Wirtschaft und Klimatschutz, or BMWK in German) will increase the budget for the environmental bonus this year. It had initially earmarked €2,1 billion for this purpose in 2023. That will now be increased to at least €2,5 billion. The information comes from a report […]
July 20, 2023
Volvo Cars reported a 39% increase in operating profits, excluding joint ventures and associates, and a corresponding EBIT margin of 6,3% for the second quarter of 2023. Regarding its operational performance during the second quarter, Volvo Cars recorded an increase of 43% versus the same period in 2022. It also saw a solid global sales […]
July 20, 2023
The Tata Group will build its first battery cell factory outside India in the UK. The British government has now officially confirmed what had already become apparent. At the beginning of February, it became known that Tata Motors was looking for a location for its European battery cell factory in Spain or the UK. However, […]
