Industry News
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Foxconn cooperates with Saudi Arabia to produce electric vehicles, which will be delivered in 2025
The Wall Street Journal reported on November 3 that Saudi Arabia’s sovereign wealth fund (PIF) will partner with Foxconn Technology Group to produce electric vehicles as part of Crown Prince Mohammed bin Salman’s efforts to build an industrial sector that he hopes the sector could diversify the S...Read more -
Mass production by end of 2023, Tesla Cybertruck not far away
On November 2, according to people familiar with the matter, Tesla expects to start mass production of its electric pickup truck Cybertruck by the end of 2023. Production delivery progress was further delayed. As early as June this year, Musk mentioned at the Texas factory that the design of the ...Read more -
Stellantis’ third-quarter revenue surges 29%, boosted by strong pricing and high volumes
November 3, Stellantis said on November 3, thanks to strong car prices and high sales of models such as the Jeep Compass, the company’s third-quarter revenue surged. Stellantis third-quarter consolidated deliveries rose 13% year-on-year to 1.3 million vehicles; net revenue rose 29% year-on-...Read more -
Mitsubishi: No decision yet on whether to invest in Renault’s electric car unit
Takao Kato, CEO of Mitsubishi Motors, the smaller partner in the alliance of Nissan, Renault and Mitsubishi, said on Nov. 2 that the company has not yet made a decision on whether to invest in French automaker Renault’s electric vehicles,media reported. Department makes a decision. “I...Read more -
Volkswagen sells car-sharing business WeShare
Volkswagen has decided to sell its WeShare car-sharing business to German startup Miles Mobility,media reported. Volkswagen wants to get out of the car-sharing business, given that the car-sharing business is largely unprofitable. Miles will integrate WeShare’s 2,000 Volkswagen-branded elec...Read more -
Vitesco Technology targets electrification business in 2030: revenue of 10-12 billion euros
On November 1, Vitesco Technology released its 2026-2030 plan. Its China President, Gregoire Cuny, announced that the electrification business revenue of Vitesco Technology will reach 5 billion euros in 2026, and the compound growth rate from 2021 to 2026 will be up to 40%. With the continued gro...Read more -
Promote carbon neutrality in the entire industry chain and life cycle of new energy vehicles
Introduction: At present, the scale of the Chinese new energy market is expanding rapidly. Recently, Meng Wei, a spokesman for the Chinese National Development and Reform Commission, said at a press conference that, from a longer-term perspective, in recent years, China’s new energy vehicle...Read more -
In the first three quarters, the rise of new energy heavy trucks is obvious in China market
Introduction: Under the continuous efforts of the “dual carbon” strategy, new energy heavy trucks will continue to rise in the first three quarters of 2022. Among them, electric heavy trucks have risen significantly, and the biggest driving force behind electric heavy trucks is the re...Read more -
Cambodia to shop! Redding Mango Pro opens overseas sales
On October 28, Mango Pro officially arrived in the store as the second LETIN product to land in Cambodia, and overseas sales were officially launched. Cambodia is an important exporter of LETIN cars. Under the joint promotion of partners, the sales have achieved remarkable results. Product promot...Read more -
Tesla to expand German factory, start clearing surrounding forest
Late on October 28, Tesla began clearing a forest in Germany to expand its Berlin Gigafactory, a key component of its European growth plan,media reported. Earlier on October 29, a Tesla spokesperson confirmed a report by Maerkische Onlinezeitung that Tesla was applying to expand storage and logis...Read more -
Volkswagen to stop producing gasoline-powered cars in Europe as soon as 2033
Lead: According to foreign media reports, with the increase of carbon emission requirements and the development of electric vehicles, many automakers have formulated a timetable to stop the production of fuel vehicles. Volkswagen, a passenger car brand under the Volkswagen Group, plans to Stop pr...Read more -
Nissan mulls taking up to 15% stake in Renault’s electric car unit
Japanese automaker Nissan is considering investing in Renault’s planned spin-off electric vehicle unit for a stake of up to 15 percent,media reported. Nissan and Renault are currently in dialogue, hoping to overhaul the partnership that has lasted more than 20 years. Nissan and Renault said earli...Read more