Industry News
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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 -
BorgWarner accelerates commercial vehicle electrification
The latest data from the China Automobile Association shows that from January to September, the production and sales of commercial vehicles were 2.426 million and 2.484 million, down 32.6% and 34.2% year-on-year, respectively. As of September, the sales of heavy trucks have formed a “17 con...Read more -
Dong Mingzhu confirms that Gree supplies chassis for Tesla and provides equipment support to many parts manufacturers
In a live broadcast on the afternoon of October 27, when financial writer Wu Xiaobo asked Dong Mingzhu, chairman and president of Gree Electric, whether to provide a chassis for Tesla, he received a positive answer. Gree Electric said that the company is providing equipment for Tesla parts manuf...Read more -
Tesla’s Megafactory revealed that it will produce Megapack giant energy storage batteries
On October 27, related media exposed the Tesla Megafactory factory. It is reported that the plant is located in Lathrop, northern California, and will be used to produce a giant energy storage battery , Megapack. The factory is located in Lathrop, northern California, just an hour’s drive from Fr...Read more -
Toyota is in a hurry! Electric strategy ushered in a major adjustment
In the face of an increasingly heated global electric vehicle market, Toyota is rethinking its electric vehicle strategy in order to pick up the pace it has clearly lagged behind. Toyota announced in December that it would invest $38 billion in the electrification transition and would launch 30 e...Read more