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Tag Archives: chinese evs
Shareholder Warning – Ford Delays Next Gen Electric Truck
Electric vehicle consumers currently, so to speak, are more cost-conscious than early adopters, looking to electric vehicles as a practical way to save money on fuel and maintenance, as well as time by charging at home. This, along with numerous new electric vehicle choices coming to market during the next 12 months , as well as rising compliance requirements, has multiplied pricing pressures. In short (groan) all automakers to survive must have globally competitive cost structure, emphasizing some customer and product segments to ensure profitable growth and capital efficiency. Continue reading
Posted in alternative fuels, electric vehicles, environment, global warming, manufacturing, mobility company, new vehicle, news analysis, shows and events, software defined vehicles
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, BlueOval City, chinese evs, Jim Farley, John Lawler, Ken Zino, Project T3, X @KenAutoinformed
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Chinese Trade Wars – EU Adds High Tariffs on EV Imports
“Fair competition is good,” Ursula von der Leyen, European Commission President, recently said. “What we don’t like is when China floods our market with massively subsidized electric cars. And we have to tackle this, we have to protect our industry,” said von der Leyen. Like covid, trade wars with China, which has extremely competitive EV technologies and vehicles, are now a pandemic. The tariffs are subject to revision. And lobbying… Continue reading
Toyota and FAW Restructure Their Joint Company Management
AutoInformed thinks this really is a giant step toward eliminating Germany luxury car makers as the brands of choice in the Chinese market with a Chinese brand with electric, sports and luxury cars. Continue reading
FedEx and Chanje to Develop Charging Infrastructure
This makes it one of the largest deployments of integrated charging infrastructure by a single commercial fleet so far. FedEx has been using all-electric vehicles as part of its pickup-and-delivery fleet since 2009. Continue reading
Some Saab Assets Sold to a New Electric Vehicle Company
National Electric Vehicle Sweden AB (NEVS), a new firm established to purchase bankrupt Saab, and the receivers of Saab today signed a purchase agreement that covers some of the assets of Saab Automobile AB, Saab Automobile Powertrain AB and Saab Automobile Tools AB. The selling price was not disclosed. The company will establish a new automobile venture in Trollhättan, dedicated to the development and manufacturing of electric vehicles (EVs). The intellectual property rights for the aging 9-3, introduced in 1992, were part of a deal that includes all outstanding shares in the company that owns the Saab Automobile facilities in Trollhättan, Sweden. Continue reading
Windsor, Canada to Buy Chinese BYD Electric Buses
The agreement also opens talks to bring manufacturing of BYD buses to the Ontario region in the near future. BYD has delivered over 300 all-electric buses worldwide and has orders for over 1300 more in 2012, making it apparently the largest electric bus manufacturer in the world. Continue reading
Beleaguered Stellantis Cuts 2024 Financial Guidance
Stellantis N.V. (NYSE: STLA) today revised its 2024 financial guidance, “reflecting decisions to significantly enlarge remediation actions on North American performance issues, as well as deterioration in global industry dynamics.” Actions include North American shipment declines of more than 200,000 vehicles in the second half of 2024 (up from 100,000 prior guidance), compared to the prior year period, increased incentives on 2024 and older model year vehicles. (Read AutoInformed.com on: Stellantis Tanks in First Half of 2024 – Net Profit -48%)*
“The Company will continue to leverage and expand its competitive differentiators and believes that the recovery actions being put in place will ensure stronger operational and financial performance in 2025 and beyond,” Stellantis said in a terse release. “Deterioration in the global industry backdrop reflects a lower 2024 market forecast than at the beginning of the period, while competitive dynamics have intensified due to both rising industry supply, as well as increased Chinese competition,” Stellantis said. Continue reading →