roduction network is prepared for the Neue Klasse launch. Production ramp-up has begun and preparations at the Spartanburg plant are on schedule, ensuring timely deliveries to customers. Q6. Regarding pricing pressure and declining residual values, is this occurring globally and how could it affect leasing? A. [Walter Mertl] Pricing pressure varies by region, with China experiencing the most intense competition. Residual values remain positive bu...

News  Updated at: 2026/03/16

gthened its strategy by forming a joint venture with SAIC-GM-Wuling (SGMW) to establish Wuling Sales (Thailand) Co., Ltd., aiming to enhance competitiveness in the local market. Wuling has now entered the 7-seat MPV segment with the Starlight Darion EV, targeting families, executives, and rental or leasing businesses. Priced from THB 799,000, it features a 69.2 kWh battery with a driving range of up to 540 km (CLTC) and 2C fast charging. For its ...

News  Updated at: 2026/03/13

Brebemi, a motorway company. The 42C model has a six-seat cabin and will be used for operational work. Unlike standard eDaily vehicles, it includes a special inductive charging system designed to work with Brebemi’s wireless charging infrastructure. The vehicle is supplied through a 36-month GATE leasing program. Based on Iveco press release...

News  Updated at: 2026/03/06

. Last month, the company announced plans to invest over USD 1.5 billion in Mexico over the next five years to accelerate infrastructure deployment and strengthen the regional electromobility ecosystem. The cleantech company will deploy its fintech arm, VEMO Impulso, to expand access to EVs through leasing with purchase options, targeting mobility platform drivers. The company plans to place at least 1,000 EVs in light and premium segments in Mon...

News  Updated at: 2026/03/04

daily use, along with On-Demand Mobile Charging services for urgent situations. PlusX Electric may also become a preferred partner for supplying, installing, and supporting home and office chargers for VinFast customers in the UAE. Both companies will also explore solutions such as DC fast charger leasing and dedicated mobile charging services to ensure smooth and efficient operations for fleet segments. Additionally, both companies will explore...

News  Updated at: 2026/02/25

GM Energy expands V2H program in U.S. On February 19, GM announced that it is developing a new leasing program for its home energy management systems and PowerBank home batteries, aimed at allowing homeowners to pay monthly rather than upfront. The initiative is an effort to expand the use of vehicle-to-home (V2H) capable electric vehicles. Through its GM Energy division, the automaker pairs V2H-capable EVs with home energy management systems tha...

News  Updated at: 2026/02/20

al content to comply with USMCA requirements and support future exports to the U.S. Although the first prototype will be built in California, the company is constructing a plant in Hermosillo targeting production of 1,000 units by 2028, rising to 18,000 units within five years. BMC plans to adopt a leasing model rather than direct vehicle sales. (Multiple sources on February 17, 2026)...

News  Updated at: 2026/02/19

(2.0% share). Sales of light commercial vehicles (LCV) decreased by 2.8% in January to 24,663 units. New light vehicles sales in January, including passenger cars and LCVs, fell 5.9% to 131,820 units. Although the share of electric vehicle sales reached 28.3%, this is seen as the effects of social leasing, a scheme to help the purchase of electric vehicles, and not reflecting the revival of demand. (PFA release on February 1, 2026) (multiple sou...

News  Updated at: 2026/02/03

Innovation Agreements, with EUR 750 million for R&D, followed by Development Contracts for production investments, especially smaller “mini-contracts.” On the demand side, funds will support eco-bonuses for LCVs, L-category vehicles, vehicle retrofitting, charging stations, and long-term social leasing. These measures are supported by the national budget law, including the Transition Plan 5.0 and renewed funding for the New Sabatini Law. Base...

News  Updated at: 2026/02/02

Benteler expands tube production for torsion beams in Chakan, India Benteler Automotive India, a subsidiary of the Benteler Group, has increased its production capacity by leasing a 136,000 sq ft facility at Horizon Industrial Parks Chakan II. The new facility will allow in-house production of tubes for torsion beams, which will then be further processed at the company’s existing 128,000 sq ft plant in the same industrial park, boosting supply-...

News  Updated at: 2026/01/22

Stellantis Germany and VW welcome Germany’s new EV subsidies On January 19, Stellantis Germany and VW welcomed the German government’s new subsidies for electric and plug-in hybrid vehicles. Thanks to low leasing rates and programs such as “Electric All In,” electric cars are becoming more affordable. For Opel, the focus is on electric models such as the Grandland Electric and Astra Electric, including a new Astra Electric, which is comin...

News  Updated at: 2026/01/21

Germany announces EUR 3 billion new electric car subsidy program On January 19, the Federal Ministry for the Environment, Germany, announced a new electric car subsidy program. Both the purchase and leasing of new vehicles are eligible for funding. The available funds, totaling EUR 3 billion, are sufficient for an estimated 800,000 subsidized vehicles between 2026 and 2029. People who register an electric car, an eligible plug-in hybrid, or a ran...

News  Updated at: 2026/01/20

). Sales of light commercial vehicles (LCV) decreased by 5.6% in 2025 to 360,505 units. Annual registrations in 2025 dropped to levels lower than those seen during the COVID-19 pandemic years of 2020 and 2021. French media attribute this to high car prices, which are pushing more individuals toward leasing. There is also a trend towards the stabilization of SUV demands. As outlook for 2026, automakers are expected to breathe a little more, follow...

News  Updated at: 2026/01/06

its upholstery cutting facility in Syzran, Samara Oblast region. The total investment in the production development amounted to approx. RUB 22 million, including a RUB 10 million preferential loan from the federal Industrial Development Fund (IDF), and an additional RUB 11 million provided by the leasing company DeltaLeasing. The company used the FRD loan to lease two automated conveyor cutting systems, enabling production of up to 83,000 items...

News  Updated at: 2025/12/05

eting 50% localization by early 2026 and 70% by 2030. Backed by the Ministry of Investment, Trade and Industry (MITI) and other government agencies, Perodua completed development of the QV-E in 28 months. The vehicle is aimed at middle-income buyers for daily or weekend use and introduces a battery leasing concept, “Battery as a Service,” which separates the car body from the battery. (From Perodua homepage and press release dated December 1,...

News  Updated at: 2025/12/02

Mack delivers first ten Pioneer flagship trucks to fleet owners in U.S. On November 24, Mack Trucks announced it has delivered the first ten of its Pioneer flagship trucks to Wayne Smith Farms and Cooley Transport/Maloney Leasing. Wayne Smith Farms purchased six 76-inch sleeper models, while Cooley Transport acquired four 76-inch sleepers. Cooley has four more trucks on order. Mack began production of the Class 8 Pioneer at the Lehigh Valley Oper...

News  Updated at: 2025/11/27

n consensus on matters such as establishment of dealer channels, deepening of new media cooperation, and creation of an automotive ecosystem, FAW Audi and De’ao Group plan to open over 10 sales outlets by the end of 2026. The two companies will integrate superior resources, explore new models for leasing operations, customize products to specific market requirements, innovate financial service schemes, and build an ecosystem for full sales cycl...

News  Updated at: 2025/11/13

Honda invests in OMC Power for battery-powered UPS device leasing in India On October 27, 2025, Honda Motor Co., Ltd announced that it will invest in OMC Power Private Limited to start a leasing business for uninterruptible power supply (UPS) devices in India. OMC Power will lease UPS devices equipped with Honda’s Mobile Power Pack e: batteries to households, businesses, and schools beginning January 2026. These batteries, supplied by Honda Pow...

News  Updated at: 2025/10/27

of 3,000 BYD Dolphin Mini units into the regional fleet. According to BYD México’s General Director Jorge Vallejo, the program aims to make electric mobility accessible and efficient ahead of the World Cup, offering drivers low down payments, insurance, and maintenance included. OCN will manage leasing plans of 36 months, covering insurance, maintenance, and free home charger installation. The Dolphin Mini offers a range of up to 400 kilomete...

News  Updated at: 2025/10/18

Gorky Automobile Plant, Russia returns to five-day workweek On October 3, multiple sources reported that the Gorky Automobile Plant has returned to a five-day workweek. In September 2025, the plant managed to partially reduce its inventory of finished products, aided by a 20% discount introduced by the Russian Ministry of Industry and Trade for buyers using preferential leasing. The plant's future production levels will depend on market conditio...

News  Updated at: 2025/10/10