According to foreign media reports, Japanese automaker Isuzu will invest 43 billion yen ($280 million) to build a new automobile manufacturing plant in South Carolina, USA to deal with the new tariff policy implemented by US President Trump. Trump’s tariff policy will put high tariffs on cars and parts imported from Mexico and Canada into the United States, causing trouble for automakers relying on manufacturing plants in the two countries. Currently, many car companies produce cars in Mexico and Canada and export them to the US market. Isuzu said on February 12 […]
According to Nikkei News, on February 11, Nissan, which is deeply in a performance crisis, may usher in a net loss for the first fiscal year in nearly five years. The average market expectation of QUICK Consensus shows that Nissan’s net loss may reach 225.9 billion yen (about 1.5 billion US dollars) in fiscal 2024 (April 2024 to March 2025), which is Nissan’s fiscal 2020 The worst performance after a net loss of 448.7 billion yen due to the impact of the epidemic. Meanwhile, QUICK data shows that Nissan’s operating profit is expected to be 140.3 billion yen in fiscal 2024, down […]
According to Reuters, on February 12, research firm Rho Motion said global pure electric and plug-in hybrid vehicles sales increased by nearly 18% year-on-year in January, and sales growth in European and American markets for the first time since February last year Overtaken the Chinese market. However, global sales of pure electric vehicles and plug-in hybrid vehicles fell by 35% in January compared with the performance in December last year. Rho Motion data manager Charles Lester said the European auto market started strong this year as EU CO2 emission standards came into effect, while China’s Spring Festival […]
American auto parts supplier BorgWarner recently announced that the company has reached four new energy vehicle electric motor supply agreements with three major domestic brand OEMs in China, covering extended-range electric vehicles, plug-in hybrid vehicles and pure electric vehicles. Among them, BorgWarner will supply 400V high-voltage card-on-call (HVH) motors to a well-known new energy vehicle manufacturer in China, and will start production in August 2025. BorgWarner will also provide motors for a 150kW pure electric platform of a leading Chinese local automaker, and is expected to start mass production in March 2026. […]
On February 12, U.S. Senate Republicans introduced two bills intended to cancel the country’s $7,500 tax credit for electric vehicles and impose a new tax of $1,000 on electric vehicles to cover road repair costs, Reuters reported. . Senator John Barrasso, along with 14 other senators including Senate Majority Leader John Thune, has introduced a bill to repeal the $7,500 new electric vehicle tax credit and cancel the $4,000 used electric vehicle credit and a federal investment tax credit for electric vehicle charging stations and ends the credit for leased electric vehicles. If the bill is […]
According to foreign media reports, American taxi software company Lyft will cooperate with Mobileye, a driverless technology supplier spin-off from Intel, and will launch a driverless taxi service in Dallas, USA as early as 2026. This further expands the partnership that was first announced in November last year. Lyft CEO David Risher recently posted on social media platform X that Lyft users in Dallas, Texas will be able to book self-driving cars powered by Mobileye technology next year, which belongs to Marubeni, a Tokyo-based automotive and fleet financing company. . A Lyft spokesperson said that its self-driving car […]