tion to high strength that takes advantage of material properties, it also leads to lighter and smaller parts. The downsizing of parts can secure open interior space, which contributes to the improvement of the value of vehicles. The challenge with the technology is cost. Metal powder is expensive, costing about JPY 10,000 per kilogram in Japan, Europe, and the U.S., which can make parts prices tens of times higher compared with existing methods....

News  Updated at: 2026/03/30

eighbor. The SAAR for February came in at 2.0 million, down slightly from January, but better than any month during the last half of 2025. On the Canadian automotive home front, the month of February brought the introduction of the EVAP program offering a CAD 5,000 incentive for the purchase of EVs costing less than CAD 50,000. (DesRosiers releases on March 4, 2026) 1 / 2 / 3 ...

News  Updated at: 2026/03/05

he EV market is still growing, it is expanding more slowly than expected. European carmakers, including Stellantis and Mercedes-Benz, are facing uncertainty due to tough competition from Chinese manufacturers. ACC announced that the ramp-up of its Gigafactory in Hauts-de-France is taking longer and costing more than expected, which is putting pressure on its finances. However, ACC stated it is close to reaching its production goals and will conti...

News  Updated at: 2026/02/18

pe and delivered in under 2 years. Dacia’s new EV will be even faster. ACDC center is more than an R&D hub, it acts as a driver of innovation, creating an ecosystem around New Energy Vehicles (NEVs) and supporting Renault’s teams in Europe and other global centers. The team handles procurement, costing, and engineering together, working side by side, testing ideas in real time, and constantly innovating. Based on Renault press release and Amp...

News  Updated at: 2025/10/31

re now eligible, making 17 in total. The scheme is part of a GBP 650 million plan to make EVs more affordable, support jobs, and increase growth under the government’s Plan for Change. The grant is automatically applied at purchase with no paperwork required from customers, and is limited to cars costing up to GBP 37,000 to focus on affordable options. More models will be added as manufacturers meet the scheme’s sustainability standards. The ...

News  Updated at: 2025/08/11

GM's Q2 operating profit drops 45.1%, sales up 7.5% On July 22, General Motors reported that its Q2 2025 net income dropped 35.4% to USD 1.9 billion, with import tariffs costing it USD 1.1 billion since first imposed in April. EBIT Adjusted of USD 3.04 billion was down 31.6% compared to the same period a year ago. Q2 revenue was down 1.8% to USD 47.1 billion, with GMNA (North America) revenue down 3.0% to USD 39.5 billion, and GMI (International)...

News  Updated at: 2025/07/25

es, improving road safety, environmental quality, and reducing the age of national fleets, aligning with the Climate Framework Law. For passenger vehicles, individuals receive a EUR 4,000 incentive with the scrapping of a fossil-fuel vehicle over 10 years old and purchasing EVs, limited to vehicles costing EUR 38,500 or less, while IPSS organizations receive EUR 5,000 per vehicle. For light commercial vehicles, legal entities can receive EUR 6,00...

News  Updated at: 2024/10/30

Mexico to produce Olinia, a 100% national EV On October 16, Mexican President Claudia Sheinbaum presented the project for the manufacture of Olinia, the first EV 100% designed and assembled in the country. The vehicle is expected to be one of the cheapest on the market, costing between USD 20,000 and USD 30,000, competing with models such as the SEV E-Wan Cross, currently the cheapest EV on the Mexican market, and the BYD Dolphin Mini. The vehicl...

News  Updated at: 2024/10/17

n customers. FX models will also be available with battery electric powertrains. Initially, the company aims to launch two models during FX’s first phase of operations. The FX 5 will be an AIEV with a price between USD 20,000 and USD 30,000, while the FX 5 will be a larger AIEV model for families costing between USD 30,000 and USD 50,000. Faraday Future aims to produce its first FX vehicle by the end of 2025. (Faraday Future Intelligent Electri...

News  Updated at: 2024/09/28

cerning the tow hitch receiver, which could separate from the vehicle’s aluminium frame while towing. Values on the used car market continue to decline sharply and waitlist buyers are turning down their reservations on the six-figure-priced all-wheel drive (AWD) variant as many expected a vehicle costing well under US$60,000. The hype around the vehicle has fallen away rapidly since its release as the AWD trims can now be ordered and delivered ...

News  Updated at: 2024/09/12

es record with 5,401 models sold. Deliveries since launching in March 2024 now total 10,394 units. Offering sales incentives along the way, Honda introduced a new Labor Day Dealer Cash bonus with up to USD 14,250 in incentives, making the Honda Prologue EV even cheaper to lease than a Civic despite costing nearly double. All Honda Prologue models qualify for the USD 7,500 EV tax credit, bringing prices down to as low as USD 39,900 (before destina...

News  Updated at: 2024/09/07

S) industry, battery cell manufacturers, the digitalization sector, material producers, and the transport and logistics industry. Additionally, AAdditionally, the institute is looking for eight interested industrial partners to develop a modular system for life cycle assessment (LCA) and life cycle costing (LCC) for battery recycling. Based on RWTH Aachen University press release...

News  Updated at: 2024/08/20

ely in-house developed 6L methanol engine, the U11M delivers a range of over 600km, more than twice that of a battery electric bus with a 300kWh battery, and a charging time as little as 10 minutes. Compared with diesel vehicles, the U11M saves CNY 1 per kilometer in fuel cost under the same range, costing only CNY 1 of fuel per kilometer on average. This makes the model greener and more eco-friendly and fully applicable in various scenarios such...

News  Updated at: 2024/08/14

Dubai RTA secures AED 1.1 billion contract for purchasing 636 Buses On July 21, the Dubai Roads and Transport Authority (RTA) announced that it had secured a contract for the purchase of 636 buses of various sizes, to establish a sustainable and resilient public transport system. The initiative, costing AED 1.1 billion, aims to achieve targets set out in the Dubai Urban Plan 2040. The contract includes purchasing 40 electric buses from Zhongtong...

News  Updated at: 2024/07/25

ating to develop the electromobility infrastructure.Regarding the subsidies, the bonuses, if you want to create incentives in the smaller segments, you have to get the funding. 2. Affordable EV  In order to grow e-mobility, it is necessary to make the vehicles more affordable to clients, vehicles costing around EUR 20,000.00. Are there any plans for that? Any plans of cooperation with Renault?  - CEO Oliver Blume: As for more economic EVs, we ...

News  Updated at: 2024/03/15

Panasonic may add 4680 battery production to new Kansas plant Panasonic Energy is considering new investments of up to USD 4 billion in its De Soto, Kansas, plant to produce 4680 battery cells for the Tesla Cybertruck and Tesla’s next-gen vehicles, according to sources with knowledge of the matter. The Kansas plant, currently under construction, is already costing Panasonic USD 4 billion. Panasonic already plans to build 2170-type cells for EVs...

News  Updated at: 2024/03/12

Jetour launches T2 SUV in Russia On March 5, Jetour launched Jetour T2, the first all-wheel drive model in the Jetour line, in Russia. The new product was developed by the Travel+ brand concept. The car is available in two trim levels: Voyage and Expedition, costing RUB 3,759,000 and RUB 3,999,000 respectively. It is equipped with a two-liter four-cylinder 2.0TGDI engine producing 245 hp power and a torque of 375 Nm, paired with a 7DCT seven-spee...

News  Updated at: 2024/03/06

Olectra Greentech, India bags order for 2,400 electric buses On February 22, the consortium of Olectra Greentech Limited and Evey Trans Private Limited (EVEY) received a letter of award (LOA) from Brihan Mumbai Electric Supply & Transport Undertaking (BEST / Authority) for supply, operation, and maintenance of 2,400 electric buses on gross cost contract basis costing around INR 40 billion approximately.EVEY will procure these buses from Olectra a...

News  Updated at: 2024/02/22

reshape the future of electric mobility. In the project, the ALMA Battery Electric Vehicle (BEV) body-in-white (BiW) structure achieved a remarkable 22% weight reduction, with an Eco-Design approach and advanced materials, backed by TNO’s BEVSIM tool for Life Cycle Assessment (LCA) and Life Cycle Costing (LCC). This resulted in a total CO2-eq reduction of 1,850 kg, a 24% decrease in emissions throughout the vehicle’s service life.  A 160kg l...

News  Updated at: 2024/02/08

hicles on city property along the beach. Industry watchers expect to see a prototype of a crossover or SUV version of the R2, possibly similar to U.S. patent images regarding technical features. CEO RJ Scaringe has said that R2 models will be an alternative to Tesla and other EV makers for vehicles costing USD 45.000 to USD 50,000. The Tesla Model Y crossover starts at USD 45,630 with shipping. The next-generation R2 platform is expected to launc...

News  Updated at: 2024/02/07