Piotr Pawlak

Instructive for every European, from consumer to car maker, to read the highly positive review by Steve Fowler of Geely's new EV small car it has cheekily named the Panda (although Stellantis will have something to say about that). Looks like it fills the huge, glaring market gap left -astonishingly - by Western car makers, for a seriously cheap but practical 4-seat(just) BEV city car; but one capable of doing slightly longer journeys (124 mile claimed range) and up to 50mph on highway. And all that for what may well turn out in the UK almost to match the price of Citroen's £7.5k-plus, max 30mph, 2 seat, 50-mile range Ami quadricycle. In terms of European producers, next step up from Ami will be Dacia's EV Duster coming in the summer - at £15k- plus. It's time to up the game, chaps. For the many well-intentioned consumers refraining from buying Chinese on principle, the temptation to succumb is poised to become far, far harder to resist.

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Richard comments on article "OEM tactical registrations could hit long-term used values, reports INDICATA" Saying: "Tactical registrations by car manufacturers impacted the used car market with sales of less than 12 month old used cars increasing by a massive 39.1% year on year in April per figures from INDICATA. Whilst this points to supply levels being close to pre-covid levels there are some concerns about the impact this will have on used car values moving forward if the trend continues. EV’s are likely to take the biggest hit, with dealers registering but not wholesaling these vehicles. This could see the value of used EV’s drop once these cars hit the market, which may well be the incentive for more people to take a chance on EV’s, who to date have been put off by the high retail prices of the vehicles." https://lnkd.in/dDadPHbh Call: 01858 907 123 Email: [email protected] Search: www.forecourtfunding.com Pledge Interest: https://lnkd.in/dyHdGjX6 #newsoftheday #fundingnews

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🚗 The latest automotive news round-up: New car sales in Europe rose 0.1% year-on-year in October, after falling for two consecutive months previous. Fully electric car sales are up 6.9%. Stellantis announced its new STLA Frame platform this week, a new vehicle system that will support the assembly of its gasoline, hybrid and electric models. The company also announced a delay to the production of its electric Ram pickups until the first half of 2025. Ford Motor Company has announced plans to cut 4000 jobs in Europe, including 800 in the UK, after weak EV sales and concerns over the global car market. Northvolt, the Swedish EV battery cell maker, has filed for bankruptcy in the US, sparking more concerns over Europe's electric car industry. Its CEO, Peter Carlsson, has also stepped down. The Alliance for Automotive Innovation, a group representing a number of major carmakers, has urged President-elect Trump to preserve the EV tax credits, amongst reports he will be removing them when in office. #automotiveindustry #news

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China's Zhejiang Geely Holding Group has sold its entire Class B shares in Volvo Trucks, totaling $1.3bn. This sale, led to a nearly 6% decline in Volvo's shares in Stockholm. Geely stated that the divestment aligns with its long-term strategy, intending to remain Volvo's second-largest investor with 88.5m A shares. The shares were sold at a slight discount through Bank of America, Goldman Sachs and Barclays, signaling Geely's continued commitment to strategic realignment within the automotive sector. Despite challenges like waning orders, Volvo reported a first-quarter operating profit exceeding analysts' expectations, credited to higher prices amid production adjustments. Geely's move follows earlier reductions in its Volvo stake and partial sales of its holding in Volvo Car, demonstrating its dynamic investment strategy amidst market shifts. #MergersAcquisitionsDivestitures #Automobiles #Volvo

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Leapmotor and Stellantis Launch EV Production in Europe China’s #Leapmotor has officially commenced the production of electric vehicles (EVs) in Europe through a joint venture with #Stellantis. This strategic move marks a significant milestone for both companies as they aim to penetrate the European market. Key Highlights: • Joint Venture Initiation: Leapmotor and Stellantis, under the new joint venture named “Leapmotor International,” have started building EVs in Europe. The production is being carried out at Stellantis’ Tychy plant in Poland. • Model Introduction: The initial focus is on the Leapmotor T03, a compact battery electric vehicle (BEV). Production at Tychy aligns with the aim to begin local deliveries by this fall. • Strategic Investment: Stellantis invested $1.6 billion in Leapmotor last fall, reflecting a significant commitment to this partnership. The collaboration comes amid potential EU tariffs on Chinese imports, highlighting the strategic importance of local production. • Cost Efficiency: Tychy was chosen for its cost-saving benefits, with production costs estimated at 400-500 euros per BEV. This is comparable to costs in China and significantly lower than the estimated 1,000 euros per unit at Stellantis’ Italian plant. • Future Plans: Following the T03, production of Leapmotor’s A12 SUV is scheduled to begin in Q1 2025. Additionally, Leapmotor plans to introduce the C10 SUV in Europe, initially built in China for export. • Local Component Production: Preparations are underway to support localized component production, ensuring the sustainability and efficiency of #BEV manufacturing in Europe. • Production Timeline: Mass production of the T03 in Poland is on track to begin in September, with first deliveries expected shortly thereafter. This venture underscores Leapmotor’s strategic entry into the #European market and Stellantis’ commitment to expanding its EV portfolio. The collaboration promises to enhance both companies’ competitive edge in the rapidly evolving automotive industry. #AutomotiveIndustry #EV #Leapmotor #Stellantis #JointVenture #SustainableMobility #EuropeanMarket #ElectricVehicles

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New on the EU vs CHINA EV: proposed import tariffs Based on the European Commission’s ‘investigation’ into the subsidies the Chinese automakers they receive from their own government, they propose import tariffs: BYD: 17,4% Geely: 20% SAIC: 38,1% These three were sampled from the automakers that cooperated — those that cooperated but not yet sampled will be subject to the 21% weighted average duty. The EV makers that were not cooperating with the investigation will be hit with 38.1%. There is a special note about Tesla, too: "Following a substantiated request, one BEV producer in China – Tesla – may receive an individually calculated duty rate at the definitive stage." The “substantiated request” is likely what we wrote about in one of our previous EV Universe issues, as Tesla was disappointed it's tariffs would be averaged by Chinese automakers that receive subsidies, while it doesn't receive said subsidies itself. Read more on this and EV news of the world in the EV Universe newsletter: evuniverse.io/subscribe There are 7,150 EV geeks like you and me with us already.

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AUTOMOTIVE INDUSTRY: SWEDISH CAR MAKER VOLVO CAR GROUP HAS RELEASED Q1 2024 RESULTS: GROWTH IN UNIT SALES, DECLINE IN SALES REVENUE & PROFITABILITY. Q1 2024 Truck Deliveries: 183K vehicles or +12% vs Q1 2023 Q1 2024 Sales Revenue: SEK 93.878B (approximately $8.5B) or -1.9% vs Q1 2023 Q1 2024 Net Profit: SEK 3.587B (approximately $326M) or -9.8% vs Q1 2023 $1 = SEK 11 Below is Volvo Cars' Q1 2024 results presentation which includes an updated outlook for the coming years and an interesting comparison of EVs vs. ICE vehicle business (page 15). #ev #evs #bev #bevs #electricvehicle #electricvehicles #electricmobility #emobility #greenmobility #sustainablemobility #urbanmobility #smartmobility #futuremobility #newmobility #mobility #automotive #automotiveengineering #automotivetechnology #automotiveindustry #roadtransportation #innovation #technology #emissions #emissionscontrol #emissionsreduction #zeroemissions #zev #decarbonization #q12024 #q12024results #outlook #2024outlook #volvo #volvocars #geely #polestar

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Volvo is bucking the industry trend with strong sales growth and a significant increase in EV adoption. While many automakers are facing declining sales and slower EV uptake, Volvo Cars, a brand of the Geely Group, is reporting impressive gains. In October alone, Volvo achieved 61,686 global sales, marking a 3% increase from last year. Year-to-date figures are even stronger, with sales up 9% to nearly 623,000 units in the first ten months of 2024. Electric vehicles are a major driver of this growth. Volvo's EV sales have surged by 61% to almost 147,000 units, meaning nearly one in four Volvos sold globally is now electric. Plug-in hybrids have also gained traction, with a 13% increase to 140,000 units. By contrast, sales of mild hybrids and combustion engines declined by 5% to 336,000 units. Europe remains Volvo's largest and fastest-growing market, where sales rose 21% in October and an impressive 30% year-to-date. EV sales in Europe doubled, reaching just over 113,000 units, positioning Volvo to meet the EU’s stricter 2025 CO2 limits. Meanwhile, U.S. sales saw a modest decline of 4%, totaling just under 99,000 units, while sales in China fell 9% to 127,000 units. Volvo's strong focus on electrification and sustainable growth is setting it apart in a challenging industry landscape. #VolvoCars #ElectricVehicles #Automotive #Sustainability #EVGrowth

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Volvo Cars April sales rise on strong EV demand Volvo Cars, #majority-owned by China's Geely #Holding, said in a #statement sales of fully #electric cars were up 94% and #accounted for 26% of all sales #globally in the #month. Volvo Cars' sales rose 27% in April from a year earlier to 65,838 cars, #boosted by #demand for #electric and #hybrid vehicles, the #Sweden-based group said on #Monday. #VolvoCars #EVsales #ElectricVehicles #GeelyHolding #CarSales #AprilSales #GlobalSales #ElectricCars #SustainableMobility #AutoIndustry #EV #Manufacture #NoPollution #GoGreen #GreenTech #GreenTechnology #GreenFurure #GoElectric #ElectricFuture #Welcome #BookNow #GreenIndia #IndiaEVShow #RenewableEnergy #Entrepreneur #EntrepreneurIndia

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🔋Electric Norway: October 2024 Car Sales Overview🔋 In October 2024, Norway continued its trend as a global leader in electric vehicle (EV) adoption, with electric cars dominating new car registrations. Following record EV mix in September, BEVs still captured over 94% of the market share, reaffirming Norway's commitment to sustainable transportation. This is a testament to the country's robust EV incentives, charging infrastructure, and the public's environmental consciousness. Our performance highlights: 👉🏻 Strong EV mix for both brands: Lexus 100% and Toyota 76% 👉🏻 BZ4X best selling car in Norway 👉🏻 Lexus volume growth 32% year on year. Lexus continues to perform exceptionally this year. RZ volume increased by 63% and UX by 88% 👉🏻 Toyota on the podium in terms of total sales 👉🏻 Toyota LCV EV mix was 44% vs. 28% in the market. Toyota Professional is Driving Norway Forward and we want to lead transition to EVs in the LCV market Norway's October 2024 car sales figures paint a picture of a robust, albeit maturing, EV market. The focus now might shift towards how to maintain this momentum, innovate beyond current models, and ensure that the transition to electric doesn't leave any segment of society behind. As electric vehicles become more mainstream, the narrative is evolving from adoption to integration into all aspects of life and infrastructure. #Norway #ElectricVehicles #CarSales #Sustainability #Transportation

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Volkswagen Group Maintains Steady Global Deliveries in First Half of 2024 Volkswagen Group has reported stable delivery figures for the first half of 2024, matching the previous year’s performance despite a challenging market environment. The company delivered a total of 4.35 million vehicles worldwide, just slightly below the 4.37 million vehicles delivered in the same period in 2023. The group’s performance was buoyed by significant growth in North America, where deliveries increased by 8%, and in South America, which saw a 15% rise. Western Europe also contributed positively with a 2% increase in deliveries. However, these gains were almost offset by declines in other regions, particularly in China, where deliveries fell […] - https://lnkd.in/dNTkt7HN #automotive #evs #ev #electricmobility #emobility #ebikes #fleets #evfleet #evnews #autonews #electricvehicles #electricvehicle #automotiveindustry #automotivejobs #cleantech #cleanenergy #hydrogen #lithium #evbattery #sustainability #climatechange #electricvehicles #europe #germany #sustainablegrowth #volkswagen

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🚗 The Pressure Mounts on Volkswagen: Implications for Germany's Economy Volkswagen, one of Germany’s iconic automakers, is facing significant challenges as its CEO calls for "urgent measures" to secure the company's future. This comes as the automotive giant navigates slowing demand, fierce competition—especially from Chinese electric vehicle (EV) manufacturers—and the costly transition to EVs. The urgency of this message underlines the immense pressure on traditional automakers to adapt or risk falling behind. Volkswagen’s struggles are not just a corporate issue; they resonate deeply with Germany’s economy. The automotive sector is a cornerstone of the country’s economic stability, employing millions and driving exports. A downturn in this sector could ripple across supply chains, impact employment, and slow economic growth. As the EV revolution accelerates, the global automotive landscape is shifting dramatically. For Germany, ensuring its automakers remain competitive will be critical—not only for the industry but for the broader economy. How should legacy companies respond to these pressures while balancing innovation and cost-efficiency? #Volkswagen #AutomotiveIndustry #EVRevolution #GermanyEconomy #Sustainability #SupplyChain Read the WSJ article: https://lnkd.in/gptrfGqx

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