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

f the company’s best-selling Model Y increased to a range between USD 529 and USD 599, from a range of USD 479 to USD 529. Prices of all vehicles, however, remain unchanged. Model 3 lease prices moved up to a range of USD 429 to USD 759 per month, from a range of USD 349 to USD 699. The change in leasing prices follows the end of tax incentives under the One Big Beautiful Bill Act passed by Congress that eliminated the USD 7,500 credit for new ...

News  Updated at: 2025/10/02

loy next-generation electric buses in the United Arab Emirates (UAE). Under the agreement, Al Habtoor Motors will serve as the exclusive importer and distributor of JBM electric buses across the UAE. The partnership covers a full turnkey solution, including bus supply, charging infrastructure, and leasing services. The two companies plan to serve 1.6 billion passengers, cut over 2.8 billion kg of CO2 emissions, and save 1 billion liters of diese...

News  Updated at: 2025/09/22

nded to deepen the strategic alliance and drive growth in the region. Mitsubishi Motors has stated it does not intend to seek control or make a takeover offer for FleetPartners. Previously, in June 2024, MMC acquired a 5.01% stake in FleetPartners. FleetPartners, established in 1987, offers vehicle leasing, fleet management, and novated leasing services across Australia and New Zealand, primarily serving corporate clients. (From Mitsubishi Motors...

News  Updated at: 2025/09/18

The agreement covers passenger and cargo models, which will be leased through ALT Mobility’s network using a drive-to-own model for independent drivers and fleet operators. Under this partnership, TVS Motor will supply the electric vehicles, while ALT Mobility will be responsible for procurement, leasing, and financing. The two companies will jointly determine the vehicle variants and specifications to meet market needs. ALT Mobility will provi...

News  Updated at: 2025/09/15

wapping stations going forward. By 2030, the two parties will promote a total of 50,000 HDTs with a bottom-mounted swappable battery. For the smooth establishment of a zero-carbon transportation network for HDTs, the two parties will co-build a large-scale HDT asset operation platform and a battery leasing center to address issues, such as high battery holding costs, difficult energy replenishment, and low operating efficiency, for fleets. For th...

News  Updated at: 2025/08/29

r its motorcycles and automobiles in India. In India, the number of customers using loans to purchase motorcycles and cars is expected to increase as motorcycle and automobile markets are expected to grow further. With the launch of Honda Finance India, the company will soon offer its own loans and leasing options, aiming to simplify and enhance the purchasing process for Indian customers. Based in Gurugram, Haryana, the wholly owned subsidiary (...

News  Updated at: 2025/08/20

services, and the automotive ecosystem. -          The supply chain: Expand the scope of cooperation and enhance both companies’ procurement efficiency and cost control capabilities. -          Logistics: Cooperate on logistics services, logistics technology, and logistics park leasing to leverage the synergistic advantages of DFMC’s logistics system and JD’s warehousing and distribution network, for optimization of the e...

News  Updated at: 2025/08/18

CATL to establish battery swapping ecosystem for car rental industry with three companies Contemporary Amperex Technology Co., Ltd. (CATL) signed a strategic cooperation agreement with Contemporary Amperex Energy Service Technology Ltd. (CAES), CAR Inc. (CAR), and CMB Financial Leasing Co., Ltd. (CMBFL) in Ningde to introduce battery swapping operations into the car rental industry on a large scale. CAR will fully introduce CATL’s Choco-SEB (Sw...

News  Updated at: 2025/08/07

acturing, buying, selling, and dealing in a range of vehicles, including automobiles, motorcycles, buses, drones, and unmanned aerial vehicles (UAVs), along with related components and technologies. The additional clauses enable MSIL to provide integrated fleet and mobility services such as vehicle leasing, subscription services, shared mobility, and last-mile connectivity for commercial, public, or private use. The company will also engage in bu...

News  Updated at: 2025/08/04

Sinomach receives vehicle type approval for OTING Z9 in Russia, to start delivery in September 2025 On July 25, Hyperion Leasing (Tianjin) Branch, a subsidiary of Sinomach Auto, announced the completion of the OTING Z9 certification according to the OTTS (Vehicle Type Approval) standard –  the final stage before the new pickup truck enters the Russian market in the fall of 2025. Receipt of OTTS confirms full compliance of OTING Z9 with safety ...

News  Updated at: 2025/08/01

reement, MG Motor will supply 5,000 additional vehicles to FINN in 2025. The partnership will allow FINN to offer its customers nearly the entire MG Motor lineup, including models like the MG4 Electric, MG5 EV, MG HS, MG ZS, and MG3 series, as a flexible alternative to traditional car ownership or leasing. The FINN car subscription offers flexible mobility without the long-term commitment of buying or leasing. For a fixed monthly fee, it covers ...

News  Updated at: 2025/07/24

France to renew social leasing scheme for electric cars On July 15, the Ministry of Economy, France, announced that the government has decided to renew the social leasing scheme for electric cars in 2025. The goal is to offer the rental of at least 50,000 electric cars to low-income households. Orders will open on September 30, 2025. It will have a budget of EUR 370 million.  It follows the success of the first edition of social leasing, with ne...

News  Updated at: 2025/07/17

GAC Group to build energy replenishment networks with Beijing’s Daxing District, HXFL On July 9, GAC Group signed a strategic cooperation framework agreement with the Daxing District People’s Government of Beijing Municipality and Huaxia Financial Leasing Co., Ltd. (HXFL). Under the agreement, the three parties will launch in-depth cooperation to promote the construction of New Energy infrastructure and new power systems, with emphasis on pub...

News  Updated at: 2025/07/14

first asset-backed, scalable, long-term financing for public charging infrastructure in Latin America.  VEMO currently operates over 1,200 connectors in 16 Mexican states. The company’s integrated business model supports its charging network with demand from its other operations: VEMO Impulso, a leasing program for EVs in partnership with Uber and DiDi, and VEMO Conduce, one of the largest electric vehicle fleets globally. BEEL has previously ...

News  Updated at: 2025/07/12

and distributors, aiming to facilitate access to electric and plug-in hybrid vehicles in the country. The agreement, which builds on a previously signed memorandum of understanding, is part of BYD’s commercial expansion strategy and includes financial products such as balloon-type loans, flexible leasing plans, and 100% digital financing. BYD México CEO Jorge Vallejo emphasized the shared commitment to sustainable mobility. In 2024, BYD sold 5...

News  Updated at: 2025/07/09

Foton Auman, Chengtay Leasing forge partnership for procurement of 500 New Energy HDTs On June 19, Auman, a Foton Motor sub-brand, signed a strategic cooperation agreement on the procurement of 500 New Energy heavy-duty trucks (HDTs) with Chengtay Financial Leasing (Shanghai) Co., Ltd. (Chengtay Leasing) in Beijing. The two parties will fully leverage their respective advantages in product manufacturing, technology R&D, network coverage, financia...

News  Updated at: 2025/06/27

GAC Energy, Maxwealth Leasing forge partnership for energy replenishment financial leasing services for NEVs On June 17, GAC Energy, at its headquarters, signed a strategic cooperation agreement with Maxwealth Financial Leasing Co., Ltd. (Maxwealth Leasing) to deeply integrate the superior power of industries and finance. Placing emphasis on the construction and equipment renewal of core GAC Energy facilities such as charging and battery swapping...

News  Updated at: 2025/06/19

t, Russia has already launched 10 modern sites - in Tolyatti, Izhevsk, Moscow, St. Petersburg, Tula, Kaluga regions, and several other regions. Electric cars are also assembled there. To stimulate buyer demand in 2024, about RUB 43 billion was allocated. These funds went to preferential lending and leasing so that people could buy new cars on favorable terms. In terms of the number of cars sold, the Russian market last year, according to the Euro...

News  Updated at: 2025/06/18

JBM Electric Vehicles, India enters European market with ECOLIFE bus On June 16, JBM Electric Vehicles (JBM EV) launched its all-electric city bus, ECOLIFE, at the UITP Summit 2025 in Hamburg, Germany, marking its entry into the European Union market. As part of its European expansion, JBM EV has partnered with KazenMaier as its preferred German leasing partner. JBM also established its European headquarters in Frankfurt, Germany. This new hub wi...

News  Updated at: 2025/06/16