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Aldo Grech
Last quarter, in order to defend their #ICE sales decline, #BigAuto #gaslighted us with slower and softer #EV sales. Now, they present their EVs at the #Paris Motor Show and tell us that, "We may be getting close to a tipping point” for EV demand, Thierry Koskas, who heads Stellantis’ Citroen brand, told reporters at the Paris auto show on Oct. 14." So my question is; which one is it? Or have we had such a sales revolution in the last quarter that all of a sudden everything's changed? However, #Europe has to do a lot better. Today, I shared news of the new $11k #Geely #Geome. At the same time, Europe is touting entry-level $25-30k cars. Not even close. https://shorturl.at/4nsFD https://lnkd.in/g_3qBbwg
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Car Dealership Guy
[NEWS] Stellantis strikes back after dealer outcry: The automaker pushed back against dealers in response to a scathing open letter from its National Dealer Council. The letter’s biggest accusation? CEO Carlos Tavares is leading the company into “disaster.” Calling the letter a “public personal attack,” Stellantis said dealers should have these kinds of conversations behind closed doors. The automaker also defended its strategy — sales were up 20%+ MoM in Aug. Meanwhile, dealers claim these same policies have caused market share losses, layoffs, and a falling stock price. Bottom line: Tensions between dealers and OEMs are nothing new, but rarely are they so public. As dealers struggle to keep the faith — the automaker’s uphill battle just got steeper… Read today’s full car market analysis, presented by Edmunds: https://lnkd.in/gjJzwD6M (Data source: Reuters)
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Emmanuel BIBERT
If you had any doubt about #STELLANTIS' commitments to reduce its #CO2 emissions and to achieve it's Carbon Net Zero target before the end of the next decade.... The #CAFE (Corporate Average Fuel Economy) rules have been known for at least 7 years. As a former responsible for achieving the #CAFE objectives of #PSA Group then #STELLLANTIS in Europe, I remember working on the 2025 scenario earlier 2017. It would indeed be senseless to change the rules of the game now and thus to accept that European manufacturers give up their objectives for reducing #CO2 emissions. #CarbonRemoval #carbon #decarbonization #decarbonisation #carboncapture https://lnkd.in/e6EDaNbn
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Panos K.
The Renault 5 E-Tech Electric: Probably the Coolest Model Rebirth Legacy is often seen as a burden, but Renault has turned it into an advantage. The new Renault 5 doesn’t just pay homage to its past—it leverages it. This new Renault 5 addresses today’s needs while maintaining the character of a legend. You don’t need to know anything about its past to appreciate it, but for enthusiasts, there are plenty of hidden gems that will truly excite. Renault has masterfully blended nostalgia with innovation. As for the HMI, I’m undecided. The steering wheel seems solid, similar to the Scenic, and I appreciate the gear selector as a lever—it frees up space on the central console, which is always a plus. However, I need to experience it firsthand to fully understand the interactions. The separation in z-axis seems well-designed, allowing for independent operation of gears and wipers, which is crucial. I suspect, though, that its position might block some of the user interface. I miss the climate controls of the Clio, and I believe that a display with more height would be advantageous for features such as navigation. I speculate that design lines were a priority, which is often the case, and understandable for such a model. Overall, I find Renault’s approach to model revival very relevant and refreshing.
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Alfredo Sanz
Pieter Demaeght Interesting insights on the EV charging landscape in France. Here’s my take on how it compares to the current situation in Spain: Infrastructure Development: Like France, Spain has seen an acceleration in the deployment of public EV charging points, but it’s been somewhat slower. One key factor is the regional disparities, with larger cities like Madrid and Barcelona advancing faster than rural areas. The Spanish government is pushing to catch up, with significant investments aimed at expanding infrastructure nationwide, may be not enough. Charging Providers: While Powerdot dominates the fast-charging market in France, in Spain, Iberdrola is a major player, along with other companies like Endesa and Repsol. Many of them are similarly focusing on destination charging, but Spain is also working to improve coverage along highways to encourage long-distance EV travel. Tesla’s Strategy: Tesla’s emphasis on highway charging is mirrored in Spain as well, with a growing Supercharger network strategically placed along major routes. However, the charging network for non-Tesla vehicles on highways still needs more development, particularly in remote areas. Tesla has opened its net to all user, which is fantastic news. Provider Variety: Like in France, Spain’s EV charging landscape is fragmented, with numerous providers. This leads to similar challenges for users, as navigating between different apps, cards, and subscriptions can be cumbersome. There is a growing call for standardization to simplify access. Customer Experience: The user experience remains a crucial area for improvement in Spain. While progress is being made, much more needs to be done to streamline the charging process, ensuring drivers can easily find, access, and pay for charging points without dealing with multiple platforms. Are these trends similar in other EU countries? I’m curious to hear what’s happening in other regions.
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7ITS NEWS
AMSTERDAM – Stellantis N.V. (“Stellantis” or the “Company”) announced today that pursuant to its Share #Buyback Program (or the “Program”) announced on February 15, 2024, covering up to €3 billion (total purchase price excluding ancillary costs) to be executed in the open market, Stellantis has signed a share buyback agreement for the third tranche of its Program with an investment firm that will make its trading decisions concerning the timing of purchases independently of Stellantis. This agreement will cover a maximum amount of up to €1 billion (of the €3 billion Share Buyback Program). The third tranche of the Program shall start on August 1, 2024, and end no later than November 29, 2024. The Company intends to cancel the common shares acquired through its €3 billion Share Buyback Program apart from a portion of up to €0.5 billion, which will be utilized to execute future employee stock purchase plan activities and equity-based compensation. This is intended to support the benefits of expanding and strengthening the ownership culture inside Stellantis, while avoiding dilution of existing shareholders. The buyback of common shares in relation to this announcement will be carried out under the authority granted by the general meeting of shareholders held on April 16, 2024, up to a maximum of 10% of the Company’s capital, or any renewed or extended authorization to be granted at a future general meeting of the Company. The purchase price per common share will be no higher than an amount equal to 110% of the market price of the shares on the NYSE, Euronext Milan or Euronext Paris (as the case may be). The market price will be calculated as the average of the highest price on each of the five days of trading prior to the date on which the acquisition is made, as shown in the official price list of the NYSE, Euronext Milan or Euronext Paris. The share buybacks will be carried out subject to market conditions and in compliance with applicable rules and regulations, including the Market Abuse Regulation 596/2014 and the Commission Delegated Regulation (EU) 2016/1052. As of today, the remaining authorization stands at approximately 246 million shares and the Company held in treasury a total of 81,500,174 common shares equal to 2.10% of the total issued share capital including common shares and special voting shares.
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Anthony Gallego
This is an interesting development... Renault Group is taking a distinct path amongst OEMs by focusing on public transportation solutions, notably with plans to run a driverless minibus service at the 2024 Roland-Garros tennis tournament in Paris. The deployment is part of a collaboration between Renault Group and autonomous driving tech firm WeRide. During the tournament, from May 26th to June 9th, the two companies will deploy self-driving minibuses which will ferry passengers between a designated car park and the Roland-Garros stadium complex. By partnering with WeRide , Renault aims to harness specialized expertise in deploying autonomous technologies effectively in public transit. Also the company plans to offer a modular platform based on the New Renault Master, which could integrate automation solutions from various specialist partners like ensuring adaptability and catering to the specific needs of different regions and municipalities. The shift towards mass transit solutions addresses the practical and urgent needs of urban centers, particularly in managing emissions in low-emission zones. The Renault Group has been conducting trials for several years, including the "Mach 2 project" that was announced back in 2023. This project envisions the integration of a fleet of autonomous electric minibuses into the public transportation network of Chateauroux Metropole, France, starting in 2026.
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Frederic Eger
BYD has selected French mobility brand Ayvens as its European sales partner, with the company initially focusing on France and the Benelux countries. - by Frederic Eger/Electrive News- Tesla has received preliminary approval for expansion of its German Gigafactory in Grünheide outside Berlin, with construction work on the existing site. Ineos has postponed the launch of its electric off-road vehicle Fusilier until further notice, after two combustion models. ITT Cannon's new CCS High-Amperage charging connectors are available in 200 A, 250 A, and 300 A variants, with an additional boost mode up to 500 A. Lion Electric secured a loan of up to 7.5 million Canadian dollars and announced final certification of its LionBattery heavy-duty battery pack. The Indian government could cut the time to get approval for installing EV charging stations to help it ramp up the nation's EV charging network at a much faster pace. InstaVolt, the UK's largest rapid EV charging network, has reached 2,000 contracted rapid and ultra-rapid chargers, becoming the first charge point provider to achieve this milestone. Porsche is considering acquiring a majority stake in the electric car battery business of ailing battery manufacturer Varta. CATL has announced a new brand called 'Tianxing' for electric commercial vehicle batteries and unveiled its first products. Nyobolt demonstrated an extremely fast-charging battery using its in-house battery technology, which allowed the battery of an electric sports car to be charged from 10 to 80 per cent SoC in four and a half minutes. Xpeng Aeroht wants to mass-produce flying cars in Guangzhou, China, with local authorities helping with financing and flying car application scenarios. EV price competition has eased for now, with Morgan Stanley analyst Tim Hsiao's team saying that EV price competition has eased for now. EnBW has installed its 5,000th fast-charging point in Germany, and Wallbox Chargers plans to launch the next generation of their Supernova DC fast charger. Azerbaijan's BakuBus plans to buy 160 electric buses and 100 chargers from BYD, with the buses operational in Baku by October. Geotab and BYD Trucks Europe have integrated their European-based fleet management solutions with BYD Trucks Europe, providing a fleet management solution across Europe. The van scrappage scheme is failing to promote the switch to electric vehicles, with only 24% of approved applications replacing petrol or diesel vans between January 2023 and May 2024. China's public sector in Jiangsu considers procuring Tesla Model Ys, as the Model Y has been included in a procurement catalogue for public bodies in the Chinese province of Jiangsu by the local government.
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Felipe Smolka
Shanzhai in reverse ? → Stellantis will distribute Leapmotor electric vehicles in Europe starting September 2024. → The joint venture, Leapmotor International, is majority-owned by Stellantis (51%). → Initial launch countries include Belgium, France, Germany, Greece, Italy, Netherlands, Portugal, Spain, and Romania. → Plans to establish 200 sales outlets by the end of 2024, expanding to over 500 by 2026. → The move leverages Stellantis’ extensive retail distribution network and Leapmotor’s BEV technology. → Further expansion planned for South America, the Middle East, Africa, and the Asia Pacific by late 2024. → The collaboration raises questions about the adoption of the “copycat” or “Shanzhai” strategy, as Stellantis aligns with a Chinese EV manufacturer. → It took decades of Shanzhai by Chinese auto companies to learn and innovate. Will Western automakers flip the script and play the other side ? 🤔 Source: https://lnkd.in/eFbfcTvH, https://lnkd.in/ewnF_Xt6 #AutomotiveIndustry #EVs #Stellantis #Leapmotor #Innovation #Shanzhai
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Alexander Hasler
🌟 Victoria CHANIAL's latest insights are a game-changer for FORVIA's sustainability efforts! 🌍 🎯 Victoria is spot-on: setting sustainability targets is just the beginning. The real challenge lies in implementing these changes and ensuring our entire team is aligned. As Victoria mentioned, FORVIA's holistic approach goes beyond reducing CO₂ emissions. We are committed to zero waste and pollution, and to preserving biodiversity. Key points that resonate with me: ✅ Achieving CO₂ neutrality for scopes 1 and 2 by 2025. ✅ Reducing scope 3 emissions by 45% by 2030. ✅ Emphasizing zero waste and pollution across air, water, and soil. ✅ Engaging our suppliers and external stakeholders in this long-term journey. It's indeed like running a marathon and I am convinced that only collectively can we achieve these important goals. The enthusiasm within our teams is tangible, and I'm proud to be part of this collective endeavor. Let's continue to advance step by step, ensuring we meet our ambitious targets by 2030. 🚀 Enjoyed reading the full interview and looking forward to contributing to our sustainable future. 🌱 #Sustainability #FORVIA #NetZero #EnvironmentalCommitment #GreenFuture
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Geotab
🚀 Join us for an insightful LinkedIn Live session with Mobilisights on hardware-free telematics for Stellantis! 🚀 📅 Date: July 10th 🕒 Time: 11-11.30 CEST Discover the benefits of OEM telematics for Stellantis vehicles, with a special focus on vehicle renewal for electric vehicles (EVs) and the critical importance of data protection & privacy. 🌐🔒 Our speakers Anne Dumondel and Sebastien Fraysse will dive deep into: 🔧 Benefits & use cases for your fleet with Stellantis vehicles ⚡ Strategies for effective EV integration 🛡️ Best practices for safeguarding data privacy Don't miss this opportunity to gain valuable insights with top professionals in the field. Join the conversation: https://lnkd.in/gdxb4dRe #Fleetmanagement #EV #Telematics #DataPrivacy
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Bill H.
The auto market saw plugin #EVs at 24.3% share in #France in April 2024, growing from 21.1% year on year. Full electric volume was up by a strong 45% YoY, while plugin hybrid volume was flat. Overall auto volume was 146,979 units, up 11% YoY, though remaining below 2017–2019 seasonal norms (~185,000). The #Peugeot e-208 was once again the best selling full electric vehicle. April saw combined plugin EVs at 24.3% share in France, with full battery electrics (#BEVs) at 16.9% and plugin hybrids (#PHEVs) at 7.4%. These compare with respective YoY figures of 21.1% combined, with 12.9% BEV and 8.2% PHEV. BEVs climbed in volume to 24,884 units, from 17,112 year on year, a growth of 44.9%. This outperformed the overall market, which was up 11% YoY. Much of the overall auto growth was likely due to the incidence of Easter holidays, which gave the month of April two more auto selling days in 2024 compared to 2023 (11% more selling days). The strong growth of BEVs outweighed the flat YoY volume of PHEVs, and the consequent decreased PHEV market share. Year to date, BEVs have grown volume by 28% compared to the same period last year. This is in part due to the subsidised social leasing scheme for BEVs, which saw double the volume expected (50,000 leases in total). The push for new leasing contracts was closed off around mid February, but deliveries of those leased vehicles are still playing out, and have boosted the April figures. On the other hand, the cutting of eco-bonus incentives to all BEVs made outside of #Europe — which came into effect from March 15th — is weighing on BEV volumes. Former top 10 favourites like the #Tesla Model 3, #Dacia Spring, #Kia Niro, and #MG4 (amongst many others) are all now personas non grata in France, and are facing relative hangover. The stop-gap technologies of #HEVs and mild hybrids have also seen sales growth YoY, and have likewise taken share away from combustion-only vehicles. Diesel’s share was down to 7.7%, from 10.5% year on year. Best Selling BEVs The Peugeot e-208 was once again the best selling BEV of the month in April, with 3,185 units registered, roughly in line with its average monthly volumes in Q1. Its larger sibling, the Peugeot e-2008, took second place with 2,164 units, and the #Renault Twingo came in third with 1,842 units. The Tesla Model 3 fell 4 spots to 11th, the #Volvo EX30 fell 10 spots to 18th, and the MG4 fell 10 spots to 19th. Built outside Europe, April was the first month that these popular models have been excluded from the eco-bonus purchase incentive — thus the fall in sales and ranking. The volume of each was roughly a third of what it was in March. I don’t currently have model sales data beyond the top 20, but the Dacia Spring, Kia Niro, and other formerly popular models that are built outside Europe likely suffered similar volume drops.
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Eric-Philippe Vinesse
A new European regulation, R117-04, came into force on July 1st of this year, proposing a test for used passenger tires 🛞 👏 Here’s why Michelin supports the new regulation. And why it matters, to everyone. Beyond guaranteeing increased road safety, the demanding test is a real win-win: it responds to the challenges of preserving not only the planet, but also the purchasing power of European motorists, saving them some 7 billion euros per year, collectively. Studies teach us important lessons. For example: premature dismantling of tires can produce emissions equivalent to six month’s worth of New York City’s emissions—35 million tons of CO2. These effects are quite significant. For example, we also learned that when stopping on wet ground, it is possible for a worn Michelin tire designed to deliver very good performance over time, to brake an average 3.4 m shorter than a new competitor tire. Three meters that can make a huge difference. Our support for the new regulation is in line with our Michelin commitment to providing long-lasting tire performance, from the first to the last mile, while focusing on the objectives of user safety and environmental friendliness, established in our Group DNA.
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Foster + Svensson
Renault Group (Euronext CAC40: RNO) pursues its electrification offensive. In line with customer needs, the Group has made technological choices that are paying off and is accelerating its efforts in terms of energy transition. Within the Renault brand, demand is growing for electrification – hybrid and all-electric. In Europe, the brand is stepping up its offensive, taking 3rd place in electrified vehicles thanks to Megane E-Tech electric, which has a 2.2% market share of all-electric vehicles, and the success of its hybrid powertrains for which demand is strongly increasing (Austral, Clio and Captur in the top 10 hybrid vehicles in Europe). ♻️ Renault brand growth of +9.4% with 1.548.748 vehicles sold worldwide in 2023. Renault is the best-selling French brand in the world. Renault recorded an excellent growth in Europe and outperformed the market with +19.3% increase compared to 2022. In Europe, the Group benefited from its products offensive by gaining market share, volumes up +18.6% in a market up +13.9%. Renault Group moves up to the 3rd place among car manufacturers in Europe, thanks to three strong, complementary, and value-creating brands. The Group’s retail sales represent 65% of its total sales in its five main countries in Europe, in line with the commercial policy focused on value. Proud of its international recognition, Renault is the best-selling French brand in the world. 🇫🇷 Read more at https://lnkd.in/eZuu-f-y #automotive #renault #electricvehicles #hybridvehicles #design #brandstrategy #digital
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CXO Tech
🚗 Renault Group Unveils Autonomous Electric Van at the 2024 French Open! 🎾 We're excited to announce that Renault is taking a bold step forward in public transportation with the debut of its autonomous electric van at this year's French Open in Paris. This initiative marks a significant shift in vehicle technology, focusing on enhancing autonomous capabilities to meet the increasing demands for sustainable urban mobility. 🤝 Innovative Partnerships: Renault has collaborated with industry leaders such as EasyMile, Milla, and WeRide to integrate cutting-edge automation solutions. These partnerships ensure that Renault's vehicles are equipped to handle the complexities of urban transportation. 📍 Showcase at the French Open: The French Open, renowned for its grandeur, provides the perfect backdrop to demonstrate the practicality and benefits of autonomous technology in real-world scenarios. 🚀 Technological and Market Balance: While pushing the boundaries with public transportation solutions, Renault continues to maintain a prudent approach in consumer vehicles, offering Level 2 autonomy to balance innovation with market readiness. 🌍 Future of Mobility: Renault's pioneering approach to autonomous vehicle technology represents a significant advancement in the automotive industry, promising to revolutionize urban transport systems and establish Renault as a frontrunner in the mobility of the future. Stay tuned for more updates and insights as Renault leads the charge towards a more sustainable and efficient future in transportation. To read similar news, visit the website: https://lnkd.in/d7W8UTN9 #Renault #AutonomousVehicles #ElectricVans #EV #FrenchOpen2024 #Innovation #SustainableMobility #UrbanTransportation #TechNews #TechnologyNews #CXOTech
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Philippine de Schonen
Renault Group just released a strong set of Q1 figures: - Group revenue: €11.7 billion, up 5.9% at constant FX - Automotive revenue: €10.4 billion, up 3.6% at constant FX - Strong orderbook in Europe at 2.5 months of forward sales reflecting the success of our products and a very good start of the year in terms of order intake even though the key product launches are scheduled throughout the rest of the year - 2024 guidance fully confirmed with an operating margin above 7.5% and free cash-flow above €2.5Bn In 2024, we will benefit from a strong momentum with our product offensive and an acceleration on cost reduction... ⚡ Renault Group opened a new chapter with strong fundamentals: performance improvement and efficient capital allocation on the one hand and flexibility on the other. ⚡ Day after day, our organization is gaining in agility and speed in execution which are clear strengths in the current environment. ⚡ Renault Group, with its 3 auto brands Renault, Dacia and Alpine, is in the starting-blocks for the upcoming product offensive!!
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