Raúl Moreno’s Post

🚗🔋 EU Electric Vehicles collaboration crashed! 🔋🚗 Even as Volkswagen and Renault part ways on their joint Twingo EV project, the road ahead for electric vehicles remains promising! 🌍✨ While it's a bump in the road, this only highlights the dynamic and fast-evolving nature of the EV landscape. Both companies are now set to innovate independently, bringing even more diverse and affordable EV options. Volkswagen aims to launch a lower-priced EV by 2027, while Renault's Twingo EV is set for a 2026 debut. 🚀🔧 The competition, especially from Chinese automakers, is pushing European brands to innovate faster and cut costs, ultimately benefiting all of us with better and more affordable electric cars. 🌱🚙 Stay tuned as the EV revolution accelerates! ⚡️💚 #ElectricVehicles #Innovation #SustainableFuture #VW #Renault #EVRevolution #GreenDriving https://lnkd.in/e4Wsa4jB

😎🚗🚚12/12/2024: OICA's 5 major #automotive news summarized: **China vehicle shipments expected to exceed 30 million for 2nd straight year**   *Automotive News China - Yang Jian - December 11, 2024, 10:57 PM*   #China’s vehicle shipments will surpass 30 million in 2024, fueled by a government scrappage program and strong electrified vehicle sales, which rose 47% in November. Light vehicle demand grew 15% year-over-year, while exports climbed modestly. #CAAM urges extending the scrappage program.   [Read more](https://lnkd.in/eVx4Ty6y)  **ACEA auto makers body picks Mercedes' Ola Källenius as president**   *Reuters - December 11, 2024, 2:19 PM GMT+1*   Mercedes-Benz AG Chairman Ola Källenius is the new European Automobile Manufacturers' Association (ACEA) president, succeeding Renault Group CEO Luca de Meo. Stellantis will rejoin ACEA in January 2025. Källenius aims to advocate for decarbonization, regulatory improvements, and international trade. ACEA highlights unity as critical for the European automotive industry's competitiveness.   [Read more](https://lnkd.in/eW4rVqac)  **Hyundai, BAIC to invest $1.1 billion in China joint venture**   *Reuters - December 11, 2024, 1:25 PM GMT+1*   Hyundai Motor Company (현대자동차) and Baic Motor will jointly invest $1.1 billion in Beijing Hyundai to boost operations. Amid declining sales, the venture plans to expand exports and introduce products catering to Chinese consumers. Hyundai lags in the electrified vehicle market, dominated by domestic competitors like BYD.   [Read more](https://lnkd.in/et2q5CAX)  **Honda to end self-driving tie-up with GM as Cruise unit founders**   *Nikkei - Shoya Okinaga - December 12, 2024, 01:25 JST*   Honda will dissolve its partnership with General Motors after GM ends its Cruise #autonomous taxi project. Honda’s $852 million investment aimed to deploy self-driving taxis in Tokyo by 2026. With Cruise merging into GM, Honda must find new partners to pursue autonomous mobility solutions.   [Read more](https://lnkd.in/eD-B6yxJ)  **Nvidia Steps Up Hiring in China to Focus on AI-Driven Cars**   *Bloomberg News - December 12, 2024, at 05:06 UTC+1*   NVIDIA expands its presence in #China, adding 200 researchers to drive autonomous vehicle innovation. Despite U.S. trade restrictions, Nvidia leverages China’s EV ecosystem for AI advancements. Challenges like antitrust investigations persist, but Nvidia remains committed to redefining mobility through cutting-edge technologies.   [Read more](https://lnkd.in/evnZHn8k)  

🚗💡 The landscape of affordable electric vehicles (EVs) in Europe is evolving rapidly. Recently, Volkswagen walked away from talks with Renault to jointly develop an electric version of the Twingo, a move that could reshape the market dynamics for affordable EVs. This decision means VW will now pursue its own path to create a low-cost EV, while Renault continues to design its electric Twingo, slated for a 2026 release. Both companies had hoped to share development costs to better compete against the influx of cheaper Chinese EVs. The potential partnership was seen as a step towards an "Airbus for autos," a unified European front against external competitors. At Expleo Group, we understand the critical role collaboration plays in driving innovation and cost-efficiency. This development raises a pivotal question: In the face of rising competition from Chinese automakers, should European car manufacturers prioritize collaboration over competition to accelerate EV advancements and cost reductions? https://lnkd.in/ej2fFFfN

#Nissan considering a #partnership with #Honda on #EVs! "#NissanMotor is considering seeking a #business partnership with #HondaMotor on key #components for #electric #vehicles to cut production costs, three people familiar with the matter at Nissan said. The potential partnership with domestic rival Honda could help Nissan gain #economies of scale in #producing EVs, which is crucial for #Japanese #automakers as they face #heavy #competition from #China's #BYD, #Tesla, and other #electricvehicle makers." #autonews #automotivenews #news #auto #mobility #electricvehicles #ev #electriccars #sustainability #sustainable #evmanufacturing #evmarket

PARIS/BERLIN (Reuters) - Volkswagen has walked away from talks with Renault to jointly develop an affordable #electric version of the #Twingo car, four sources familiar with the situation said, in a setback for the 🇪🇺 EU carmakers’ efforts to fend off 🇨🇳 Chinese rivals. The collapse of negotiations could mean the 🇩🇪 German carmaker may have to go it alone in developing its own affordable electric vehicle (EV). Renault will continue designing its electric Twingo, scheduled to hit the market in 2026. Both had hoped that sharing the work would cut costs that represent a key hurdle for European carmakers in the face of cheaper cars from China... It is also a blow for Renault CEO Luca de Meo‘s hopes for greater cooperation between European carmakers against their Chinese competitors, akin to Airbus which has stakeholders and operations across European countries. The VW-Renault tie-up for the Twingo could have formed the “basis” of an Airbus for autos, the fourth source said. China’s automakers, the world’s top #EV producers, are making fast inroads in the European market, pressuring incumbents like Renault and VW to cut costs and speed up the time it takes to bring a new model to market. European automakers are aiming to produce smaller EVs that sell below 20,000 euros ($21,686) to help them compete with Chinese brands like BYD.

Nissan Motor announced on Monday its plan to introduce 30 new models over the next three years, with a target of increasing global sales by 1 million vehicles. The company aims to achieve this while implementing cost-cutting measures to enhance profitability. As part of its updated medium-term business plan, Japan's third-largest automaker aims for an operating profit margin exceeding 6% by the end of the financial year in March 2027, along with total shareholder returns of more than 30%. Despite being an early leader in electric vehicles with its all-battery-powered Leaf model, Nissan has faced stiff competition from companies like Tesla and BYD, especially in markets like China. Nissan anticipates that all-battery-powered cars will constitute approximately 20% of its global sales, with hybrid vehicles accounting for another 20%, while vehicles solely reliant on internal combustion engines will make up the remaining 60%. The company now targets electrified vehicles, including hybrids, to represent 60% of its global sales by the end of the decade, up from the previous goal of 55% set in February 2023. #Nissan #New #Models #Cars

Volkswagen Group has entered into a master agreement on #electriccar platform and software collaboration with the #Chinese automaker XPENG, as part of the German brand's outreach to expand its existing EV portfolio quickly and reach new customers in the world's largest #EV market. Read more @ https://lnkd.in/gmCYgZ-2 #emobility #china #newenergyvehicles #electricmobility #chinesemarket #newcars #electriccars #evnews

Nissan Motor announced on Monday its plan to introduce 30 new models over the next three years, with a target of increasing global sales by 1 million vehicles. The company aims to achieve this while implementing cost-cutting measures to enhance profitability. As part of its updated medium-term business plan, Japan's third-largest automaker aims for an operating profit margin exceeding 6% by the end of the financial year in March 2027, along with total shareholder returns of more than 30%. Despite being an early leader in electric vehicles with its all-battery-powered Leaf model, Nissan has faced stiff competition from companies like Tesla and BYD, especially in markets like China. Nissan anticipates that all-battery-powered cars will constitute approximately 20% of its global sales, with hybrid vehicles accounting for another 20%, while vehicles solely reliant on internal combustion engines will make up the remaining 60%. The company now targets electrified vehicles, including hybrids, to represent 60% of its global sales by the end of the decade, up from the previous goal of 55% set in February 2023. #Nissan #New #Models #Cars

Leapmotor International, a 51/49 Stellantis-led JV with Chinese EV OEM Leapomotor, shipped the first batch of Leapmotor Electric Vehicles from China to Europe in July. Leapmotor International will sell C10 and T03 electric vehicles in nine European countries starting in September and plans to establish 200 sales points for Leapmotor vehicles in Europe by the end of 2024. The T03, a small hatchback, has the potential to be one of the cheapest EVs on the continent and has a range of 265 km WLTP. According to multiple sources the car can be bough for ~ £17K ($18.4K) in France. The C10, a crossover, is built on Leapmotor's in-house platform. It features a 'cell-to-body' battery layout, meaning its cells are built right into the chassis without intermediate modules or a pack structure, this saves space weight and costs. The C10 has a 420 km WLTP range and boasts a 5-star E-NCAP rating, it starts at ~£23K($29.5k) in China. Takeaways: More Chinese made EVs are coming to Europe. This is a win for European consumers and a shot across the bow at European automotive OEMs. Stellantis is hedging it bets by teaming up with Leapmotor, relying on technology from a firm that is proving itself as a leader in China, the worlds most competitive EV market. Eventually, geopolitics may sway Stellantis to shift production of Leapmotor vehicles to its Polish plant for European markets. #Stellantis #EV #batteries Source: Stellantis - https://lnkd.in/g7t6BS46