According to foreign media reports, registered data released by the Japan Automobile Industry Association (Japan Automobile Manufacturers Association) shows that following September and October this year, in November this year, the sales of new domestic cars in Japan declined again, from 411,089 vehicles in the same period last year last year. It dropped to 389,529 units, a year -on -year decrease of more than 5%. In the third quarter of this year, Japan’s GDP increased by 0.9%year -on -year, and the year -on -year increase of 2.2%below the second quarter, which reflects the decline in capital expenditure and the […]
CATL and global automaker Stellantis officially announced that the two parties have reached an agreement to jointly invest up to 4.1 billion euros (about 31.32 billion yuan) to build a large lithium iron phosphate battery production plant in Zaragoza, Spain. According to the agreement, the joint venture between the two parties plans to start production at the end of 2026, and the annual production capacity of the factory is expected to reach 50 GWh. The project aims to meet the growing demand for electric vehicle (EV) batteries in the European market and further promote Europe’s battery production capacity in the field of new energy vehicles. This cooperation marks […]
Despite the recent difficulties faced by the French government, French consumers continue to buy electric vehicles. More than 15% of all new cars sold in France last month were pure electric vehicles, with the new Renault 5 becoming the sales champion of the French pure electric vehicle market with its retro style. The turmoil in France has taken a toll on the entire French car market, with French car sales falling 12.7% in November compared with the same period last year, with new car sales in the country reaching 133,318 units that month. As of the end of November, France’s cumulative new car sales in 2024 fell 3.7% year-on-year to […]
According to Bloomberg, the Trillium Network for Advanced Manufacturing (“Trillium”), a manufacturing think tank, said Canadian auto plants will produce about 1.3 million vehicles this year, the lowest level in decades except during the New Crown epidemic. This is the lowest level in decades, except during the New Crown epidemic, as U.S. companies idled factories in Canada amid slowing demand. In contrast, in 2018, the Canadian plant also produced more than 2 million cars and light trucks. Trillium stated in a report that Mexico is currently the second largest supply country in Canada’s sales of cars, and […]
Jean-Philippe Imparato, chief operating officer of automaker Stellantis’ Enlarged Europe, said in an interview with Italian television that Italy could become Europe’s second-largest auto producer in the next five years. Earlier, Italian Industry Minister Adolfo Urso said he expected Stellantis to present a clear plan to revive its flagging production in Italy at a meeting in Rome on December 17. Unions will also attend the meeting. Imperato told Rai: “I will make it very clear on the 17th that for me, Italy will become the second-largest European manufacturing market in 2029.” According to the International Organization of Motor Vehicle Manufacturers, Italy was Europe’s seventh-largest auto producer last year. […]
According to foreign media reports, Hungarian Prime Minister VIKTOR ORban said on December 6 that many German car manufacturers have agreed to close its factory in Hungary. Recently, a number of European automobile companies have announced that they will close their factories and lay off a significant layoff because they are facing a series of issues such as weak demand, high costs, competition from China, and transition to electric vehicles lower than expected. Ourban said in an interview that Hungary needs to create a competitive economic environment, so that there will be […]