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Tag Archives: Chinese Trade Wars
Stellantis Holds Media Drive for Chinese Leapmotor EVs
The first European Media Drive is now taking place in Milan for the C10 and T03 models of the Leapmotor brand, a Chinese company in the technology field which has the highest growth in the New Energy Vehicle (NEV) sector.* The event, held in Milan and Lake Maggiore, marks the official debut of Leapmotor International in Europe. In a controversial move in October of 2023 Stellantis took 51% of a joint venture with Leapmotor that gives it exclusive rights to build, export and sell Leapmotor EVs outside China.**
“Stellantis will invest more than €50 billion during the next 10 years in the field of electrification and will do everything it can to reach the targets set out in its Dare Forward 2030 strategic plan, including the achievement of a 100% sales mix of BEV vehicles in Europe by 2030 and 50% of BEV passenger cars and light commercial vehicles in the United States. To reach these sales goals, the company is ensuring around 400 GWh of battery capacity with the support of six battery factories in North America and Europe. Stellantis aims to become a zero carbon-emissions company across all sectors by 2038, with a percentage offsetting for an amount of the remaining emissions,” the company formed by the merger of FCA and PSA said today. Continue reading
Posted in auto news, connected vehicles, economy, electric vehicles, electronics, engineering, environment, fuel economy or emissions, global warming, labor issues, manufacturing, marketing, new vehicle, news analysis, public health, shows and events, software defined vehicles
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Belgium, Chinese Leapmotor EVs, Chinese Trade Wars, Dare Forward 2030, FCA-PSA Merger, france, Germany, Greece, Italy, Ken Zino, Luxemburg, Malta, Portugal, Romania, Spain, Switzerland, The Netherlands, UK, X @KenAutoinformed
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Chinese Light Vehicle Market Recuperating In May
During May 2024, the Chinese Light Vehicle (LV) market showed a firm uptick with continuous structural optimization, according to an analysis and data released by the respected GlobalData consultancy.* Within the LV segment, Passenger Vehicle (PV) sales, influenced by the … Continue reading
Chinese Trade Wars – Exports Growing, Prices Dropping
Two very real problems are increasing for non-Chinese global automakers. First, is the penetration rate. This is the market share of the vehicles that are the future of the companies that will survive what is an historic reshaping of a global industry. Here, so-called New Electric Vehicles – [NEVs – battery electric vehicles, plug-in hybrids and range-extended electric vehicles combined] that have been heavy promoted, subsidized and pushed forward by the Chinese government are now accounting a 43% share in April, an historic high. The economies of scale are enormous and a clear Chinese competitive advantage. Continue reading
Posted in auto news, economy, electric vehicles, electronics, environment, global warming, manufacturing, marketing, mobility company, news analysis, public health, sales, software defined vehicles
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Biden Administration, Bidenomics, BYD Qin L, Chinese Trade Wars, consumer electronics, Global Data Analyst comment, GlobalData, internet of things, Ken Zino, Nan Zhang, Xiaomi
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Stellantis and Leapmotor to Expand Leapmotor International
Stellantis (NYSE: STLA / Euronext Milan: STLAM) and Leapmotor (Zhejiang Leapmotor Technologies Ltd 9863.HK) today announced their intention to expand their strategic partnership [Leapmotor International – LMPI – is a 51% Stellantis / 49% Leapmotor joint venture with exclusive rights for the sale and manufacturing of Leapmotor products outside Greater China – AutoCrat.] with an emphasis on European products and assembly plants and engineering technologies.
“This plan to expand our successful partnership with Leapmotor – a trusted peer and one of the fastest-growing, most respected new energy vehicle producers globally – is a true win-win for both of us. It is expected to support production and advance localization in Europe of world-class manufacturing of electric vehicles at affordable prices to meet customers’ real-world needs. Today’s announcement reflects our intent to deepen our partnership and take one more step towards even greater collaborations in the future,” said Stellantis CEO Antonio Filosa. Continue reading →