The Italian commercial vehicle manufacturer Iveco will supply 40 eDaily electric vans to VIR by JP, a subsidiary of the French Jacky Perrenot Group. They will be used for delivery services and are designed to help overcome the challenges posed by environmental zones in city centres. Read more…
Rimac’s robotaxi subsidiary Verne begins factory construction
The Croatian electric hypercar manufacturer Rimac is getting serious about its diversification plans: its subsidiary Verne has now started building a factory near Zagreb to produce autonomous electric cars for the planned robotaxi service. Read more…
Foxconn confirms interest in Nissan partnership
Foxconn boss Young Liu publicly confirmed for the first time on Wednesday that the world’s largest contract manufacturer is interested in joining Nissan. However, he emphasised that he wants to cooperate with Nissan – not take it over. Read more…
Automakers’ share of China NEV market in Jan: BYD tops with 26.9%, Tesla 6th with 4.5%
BYD’s January share of China’s NEV market was lower than its December 2024 share of 31.0 percent.
In the overall passenger car market, which includes conventional internal combustion engine vehicles, Geely ranked first with a 13.4 percent share, ahead of BYD’s 11.2 percent.
Finn receives up to one billion euros for fleet expansion
The German car subscription provider Finn has announced the conclusion of a new ABS (asset-backed security) financing programme worth up to one billion euros. The debt capital will enable Finn to further expand its fleet – also outside Germany. Read more…
Geely launches hybrid Galaxy L6 EM-i, prices start at $12,300
The Galaxy L6 EM-i is powered by Geely’s Leishen EM-i hybrid system, and its main competitor is the BYD Qin L DM-i.
Geely is offering a limited-time RMB 3,000 discount on the Galaxy L6 EM-i, bringing the starting price down from RMB 89,800 to RMB 79,800.
Solaris delivers 37 hydrogen buses to Italy
Solaris has delivered the first 37 hydrogen buses to Bologna and Ferrara, Italy. The remaining 100 Urbino 1 hydrogen buses will be handed over to transport operator TPER by the end of next year. Read more…
Xpeng to launch Max variant of Mona M03 in May with better smart driving capabilities
The Mona M03 Max will feature the industry’s top autonomous driving technology, Xpeng CEO said.
Xpeng will build a $20,000 top-of-the-line smart driving product, he said.
Magna produces electric motors for electric G-Class
Austrian supplier Magna and Mercedes-Benz have expanded their long-term ‘innovation partnership.’ As a result, Magna announced that the electric drive for the all-electric G-Class has been in production in Lannach, Austria, since last year. Read more…
Canadian fund writes down Northvolt investment
Investment Management Corporation of Ontario has written down its $400 million investment in Northvolt. It is the latest shareholder to distance itself from the ailing battery manufacturer. Read more…
Mercedes recalls EQB due to possible battery problem
Mercedes-Benz is recalling 7,362 units of the EQB in the US that were built between 13 December 2021 and 23 January 2025. The reason is the risk of a vehicle fire caused by the high-voltage battery. Recalls in other countries could soon follow. Read more…
BYD back in RMB trillion club, up over 25% in 6 trading days
BYD has accumulated a 25.7 percent rise to a new high since July 2022 in the past six trading days.
Another automotive industry chain player in the RMB trillion club is CATL with a market cap of RMB 1.12 trillion.
CATL considers listing on the Hong Kong stock exchange
Chinese battery maker CATL has filed for a listing on Hong Kong’s stock exchange. It expects to raise five billion dollars, making it the largest listing in the city in four years. Part of the money will be used to build CATL’s planned factory in Hungary. Read more…
2025 Ford Maverick hybrid gets more expensive, gains AWD option
Ford refreshed the Maverick pickup truck for 2025 The updated Maverick can pair the hybrid powertrain with all-wheel drive The 2025 Ford Maverick is on sale now and costs $28,590 The Ford Maverick compact pickup truck has impressed with its fuel efficiency and capability, but customers wanting all-wheel drive have had to opt for non-hybrid models… Read more…
Audi Q4 E-Tron Gets Cheaper Base Trim With Over 250 Miles Of Range
The new Audi Q4 E-Tron 40 comes with a 63 kWh battery pack. Read more…
Nissan’s N7 electric sedan integrates DeepSeek in rare move for Japanese brands in China
Dongfeng Nissan said the N7 has integrated DeepSeek, the first joint venture carmaker in China to do so.
The N7 made its global debut at the Guangzhou auto show in November 2024.
Li Auto Jan deliveries breakdown: Li L6 13,990, Li L7 6,493
The Li L6, Li Auto’s least expensive, contributed 46.75 percent of January deliveries.
The Li Mega, Li Auto’s highest priced model, delivered 807 units in January.
Global EV sales surge 18% y-o-y – but speed bumps lie ahead
London-based Rho Motion just dropped the latest numbers on global EV sales for January 2025, and here’s the headline: 1.3 million electric vehicles were sold worldwide. That’s down by more than a third from December’s record-breaking numbers, but don’t let that fool you – January 2025 still saw an 18% jump compared to the same month last year. Read more…
Xpeng Jan deliveries breakdown: Mona M03 15,225, P7+ 8,114
The Mona M03 contributed 50.16 percent of Xpeng’s deliveries in January, and the P7+ contributed 26.73 percent.
The highest priced X9 delivered 821 units in January.
Nio Jan deliveries breakdown: ES6 2,676, ET5 Touring 1,959
The ES6 contributed 19.30 percent of Nio Inc’s deliveries in January, while the ET5 Touring contributed 14.13 percent.
The Onvo L60 contributed 42.65 percent of Nio Inc’s deliveries in January.
